ICICI Pru offers two new Ulip schemes

ICICI Prudential Life Insurance Company on Thursday announced the launch of ICICI Pru Elite Life and ICICI Pru Elite Wealth. These ULIP products are designed to provide the best-in-class value along with multiple options of investment strategies.

These products offer customers the flexibility of single pay option or payments over a limited span of five years. Under the single premium option, a sum assured of minimum 125 per cent to maximum 500 per cent of the premium amount. Under the five years option, a fixed sum assured which ranges between 7 to 10 times of the annual premium is made available to customers.