What Is The Icici Prudential Guaranteed Wealth Protector Plan

The ICICI Prudential Guaranteed Wealth Protector Plan is a unit-linked plan with single pay and limited pay option. This plan provides a capital guarantee unlike any other ULIP plan offered by ICICI Prudential Life Insurance. This plan can be purchased through online or offline modes. The eligibility for this plan and other highlights are tabled below: 

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Under this plan, the amount of benefits provides will be calculated as under,

1. Maturity benefits – higher of, 
   1. Fund value including loyalty additions and wealth booster
   2. Assured benefit (101% of premiums paid)
2. Death benefits – Death benefits under this policy will be calculated to be higher of,
   1. Sum assured
   2. Minimum death benefit (105% of premiums paid)
   3. Fund value

Summary

ICICI Pru Guaranteed Wealth Protector is a ULIP offering the double benefit of insurance cum investment. The key feature of this plan is the capital guarantee provided unlike other plans offered under the ULIP category by the insurer. This plan provides maturity benefits and death benefits along with loyalty benefits and wealth boosters.