ICICI Prudential Pinnacle Fund : ICICI Pru Pinnacle Plan

The official website of ICICI prudential is www.iciciprulife.com. ICICI Prudential is one of the trusted firms in India. It offers ICICI Prudential Pinnacle Fund and plans such as Health insurance, Life insurance plans, Retirement & pension plans, ULIPs, Unit Linked Insurance Plans, and Pru Pinnacle Plan.

ICICI Pru Pinnacle means ICICI Prudebtion Pinnacle. This is one type of Unit Linked Insurance Plans (ULIP). This plan gives security against equities along with negative aspect guard. ICICI Pru Pinnacle is a long term security plan. ICICI Pru Pinnacle promises the highest Net Asset Value (NAV) which is recorded on a daily basis. The first 7 years of the Pinnacle fund (fund period is 24th October, 2009 to 24th October, 2016), highest NAV’ as recorded on the daily basis. The assurance will be applicable only after the date of maturity. This policy permits 100% equity coverage and bids limited amount of premium which is divided into 3 years.

ICICI Pru Pinnacle Plan:

ICICI Pru Pinnacle at a glance:

ICICI Pru Pinnacle: UIN 105L095V01

Fund Objective:

Features and benefits of ICICI Prudential Pinnacle Fund:

• Limited premium payment term: pay premiums for only 3 policy years.
• Partial withdrawals: ensures liquidity from the 6th policy year onwards.
• Death benefit: in the unfortunate event of death, the nominee receives higher of Sum Assured (reduced by partial withdrawals) and Fund Value.
• Tax benefits: avail tax benefits on the premiums paid and benefits received under the policy, as per the prevailing Income Tax laws.
• Guaranteed NAV: get the benefit of the highest NAV recorded on a daily basis, in the first 7 years of the fund, at maturity.
• Additional allocation: added to your fund at maturity.

How to buy ICICI Prudential Pinnacle fund?

Investors can buy the plan directly from 2,074 branches including 1,116 offices, 225,000 advisors and 7 declaration partners of ICICI Prudential. You can also download document via internet. For more information, visit www.iciciprulife.com.

Customer Service Desk

ICICI Prudential Life Insurance Company

ICICI Prulife Towers,

1089, Appasaheb Marathe Marg

Prabhadevi, Mumbai-400025

TOLL FREE NUMBER: 1800 22 2020

NRI Contact Details:

Bahrain Representative Office:

1, Ground floor,

Bahrain Chamber of Commerce & Industry,

Bldg No.122,

Road 1605,

P.O.Box 11908

Manama,

Kingdom of Bahrain

Tel: 0973-17500137

Fax: 0973-17500138

Dubai Representative Office:

Plot No: 314 – 315,

Office No: 1 & 2,

Umm Hurair Road,

Bur Dubai,

Dubai,

P.O.Box: 113150

Landline: +971 4 3965747

Fax: +971 4 3965054

EMAIL: eliteservice@iciciprulife.com

PHONE: International Customer Service Helpline: +91 98925 77766

Call Centre Timings: 24 hours, Monday to Saturday (except Indian National holidays)

Normal international calling rates would be applicable.

1. By Ramesh at 7th December, 2009

   About ICIC Pru Pinncle
   1. Will the NAV grow at the rate by which the sensex grow, but not fall when sensex falls.? Analysing the recent growth from 15800 to 17000, ie raise of 1200 ponts the NAV just grown a little.
   Pls compare the charts of SENSEX and PinnclFund
   2. How to know the NAV reported by the company is what it actual, I mean it can get more profit but show less in NAV

2. By Mohit at 18th March, 2010

   What is the percentage of fund allocation out of the premiums paid year to year ? This should be mentioned in the brochure.

3. By A.SRIKANTH REDDY at 27th March, 2010

   i am intrested to join in pru pinnacle plan may i know the details

4. By Rajan Padia at 29th September, 2010

   I am trying to include my pinnacle units in my moneycontrol portfolio but I cant find this fund name can you pls suggest how do i include my units and how do i keep watch of the growth of fund?

5. By Anand at 16th November, 2010

   Hi All

   Any fund that guarantees some money has to ensure that they invest a major portion of the money collected into some debt instruments. They cannot be investing a larger chunk of your money into equity and GUARANTEE returns at the same time. So, to answer ramesh’s question, ICICI might not report lesser profit but may not run in parallel with the sensex. Ask for the portfolio of the fund and you would understand where ICICI has invested the fund amounts.

   As Mohit says, whenver you are investing into any funds, always check the percentage of money thats getting allocated. There are some policies from Bajaj wherein you would be paying 25,000 as yearly premium, and after a year you would find that your fund value is only about Rs.15,000. In this case, the company has consumed about 50% of your premium as FUND allocation charges (in simple terms, Bajaj has taken 12,500/- out of your 25,000 premium towards their own pocket claiming it to be administration charges etc.,).

   Same applies for all other insurance companies too. Each one has a product wherein the premium allocation is very high and also low. So its upto the customer to ask for these details first before going with the policy. There are some policies with bajaj where in 94% is getting allocated to your account while only 6% goes for premium allocation charges.

   So before you buy any policy, put down all the variables that you need to analyse in an excel sheet. Then fill up the values from each of the company providing such similar policies and compare them. INSURANCE is very important and is considered to be for long term savings. So please give very high focus and priority for this.

   I am not into any insurance company and I dont market any products either. Bajaj was an example as I had seen their policy brochures already.