Unit Linked Insurance Plan

Highest daily NAV of the Pinnacle II Fund* in first 7 years,

guaranteed (conditions applyT&C1) at maturity.

NAV chart

ICICI Pru Pinnacle II is a life insurance plan that offers protection for your family through its life insurance cover.
It also assures you the ‘Highest NAV Guarantee’(conditions applyT&C1) over the given period of seven years.
To know more about the working of the Pinnacle II Fund, please refer to page no. 2

Key Benefits of ICICI Pru Pinnacle II

? At maturity, get the highest NAV - recorded on a daily basis - in the first 7 years of the Pinnacle II
Fund or the NAV at maturity, whichever is more. This fund allocates the portfolio between
equity and debt based on the performance of the equity market and interest rates.
? Also at maturity, you stand to gain a loyalty addition of 2% of your Fund Value as per the
prevailing NAV at the date of maturity and not on guaranteed NAV.
? You have to pay premiums for 5 policy years only.
? Avail life insurance cover to ensure protection of your family. In the unfortunate event of your
death during the policy term, your nominee will receive the Sum Assured plus Fund Value.
? Avail tax benefits on premiums paid as well as any benefits received under the policy as per
the prevailing Income Tax LawsT&C2.

What are the eligibility conditions to buy ICICI Pru Pinnacle II?

Premium Payment Term 5 years Min Premium Rs. 50,000 p.a.

Premium Payment Mode Annual Max Premium Rs. 2,00,000 p.a.
Policy Term 10 years (fixed) Min - Max Entry Age 8 - 65 years
Age at entry Minimum SA
Min Sum Assured < 45 years 10 X Annual Premium Max Maturity Age 75 years
≥ 45 years 7 X Annual premium
*The Pinnacle II Fund invests your allocated premium in a portfolio of equity and debt.

IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORFOLIO IS BORNE BY THE POLICYHOLDER
What is ICICI Pru Pinnacle II Highest NAV Guarantee?

ICICI Pru Pinnacle II guarantees (conditions applyT&C1) you the higher of the following two values on maturity:
a) The highest Net Asset Value (NAV) of the Pinnacle II Fund recorded on a daily basis in the
7 year period 26-Oct-2010 to 26-Oct-2017, subject to a minimum of Rs. 10. This is called
Guaranteed NAV.
Or
b) NAV at maturity. This maturity date is exactly 10 years from the date of your policy
purchase.
The ‘Highest NAV Guarantee’ of the product is linked to its inbuilt Pinnacle II Fund & not
solely to the equity market index as explained below.

How does ICICI Pru Pinnacle II work?

? You need to choose the premium amount and Sum Assured for the policy.
? After deducting the premium allocation charge, the balance amount would be invested in
Pinnacle II Fund.
? The Pinnacle II Fund invests your allocated premium in a portfolio of EQUITY AND DEBT
§ Initial allocation in the Pinnacle II Fund would largely be in equities
§ The allocation between equity and debt will be dynamic i.e. it will change with market
movements
§ Investments in equity may be reallocated to debt if equity markets or interest rates fall,
in order to safeguard your investments
§ Over time, it is expected that asset mix will be reallocated from equity to debt to manage
the guarantee
§ This continuous allocation of funds will determine the daily NAV of the fund

Does ‘highest NAV’ mean that your returns will be same as the highest level of the
equity market?

The fund will have a mix of equity and debt. Hence, the Guaranteed NAV will not be the same as
the highest level of the equity markets over the 7 year period.
For example: If the Sensex moves from 15,000 levels to 30,000 levels (100% growth), the Pinnacle
II Fund NAV will not necessarily move from Rs.10 to Rs. 20 (100% growth).
This is because the Pinnacle II Fund invests in both equity & debt. The allocation between equity &
debt is dynamic & can change on a daily basis. Also, over a period of 7 years, in case of unexpected
or sudden falls in the equity market or interest rates, fund allocation will completely move to debt
in order to safeguard your investments and may not be invested back in equities again.

So, what kind of returns can you expect?

Under normal circumstances, it would be fair to expect returns similar to a Balanced fund (a fund
that invests in both equity & debt).
Please note that the product promises to give you the highest NAV of the Pinnacle II Fund (in the
period explained earlier) and does not promise any assured returns. Also, it does not promise you
returns linked to the highest equity market levels.
What do you get at maturity after 10 years?

Your payout will depend upon -

a. Highest NAV in the first 7 years of the Pinnacle II Fund, subject to a minimum of Rs.10
(Guaranteed NAV - conditions applyT&C1)
b. NAV on maturity date
c. Units at maturity
d. Loyalty Addition which is a bonus addition to your fund (equal to 2% of your Fund
Value calculated as per the prevailing NAV on the date of maturity)
Thus, at maturity you will get:
1. The higher of (a or b) X (c), plus Loyalty Addition (d)

Illustration

Annual Premium: Rs. 1,00,000 Sum Assured: Rs. 10,00,000

Premium Payment Term: 5 years Term: 10 years Entry Age: 35 years (Male)
Returns @ 6% p. a. Returns @ 10% p. a.
Fund Value at maturity Rs. 6,26,172 Rs. 8,52,477

The given illustration is for a healthy male life. The above are illustrative maturity values, net of all
charges, service tax and education cess. Since your policy offers variable returns, the above
illustration shows two different rates (6% p.a. and 10% p.a. as per the guidelines of Life Council) of
T&C 3
assumed future investment returns .

What if you surrender the policy before the end of 10 years?

The Guaranteed NAV will be applicable only at maturity. If you surrender the policy before 10
years, the Guaranteed NAV will not be applicable.
It is important for you to continue paying your premiums for 5 full years and stay invested for the
entire policy term (10 years) in order to get full benefits from this insurance product.

What if the policy holder dies during the term of the policy?

In the unfortunate event of the policy holder’s death during the term of the policy, the nominee
shall receive the Sum Assured plus Fund Value. The Guaranteed NAV will not be applicable.

What are the charges under the policy?

ICICI Pru Pinnacle II is subject to the following charges:

Premium Allocation Charge (PAC): When you pay your premium, this will be deducted from it
and only then the units will be allocated. PAC is charged as follows:

Policy year 1 2 3 to 5
PAC (as a % of premium) 6% 5% 3%
Policy Administration Charge: This will be a percentage of your annual premium. The charges*
are set out below:

Policy year Policy Administration Charge (% of annual premium)

1-5 2%
0.25% per month
th
6 year onwards 0.1% per month

*
Mortality charge: Mortality charge will be deducted on a monthly basis on the Sum Assured.

Fund management charge: A fund management charge of 1.35% p.a. will be applicable. There
will be an additional charge for the cost of investment guarantee of 0.10% per annum. These will
be charged by adjustment to the NAV.

Miscellaneous Charges: If there are any policy alterations during the policy term, they will be
*
subject to a miscellaneous charge of Rs. 250 per alteration.
*These charge will be made by redemption of units.

Terms & Conditions

1. The product provides the "highest daily NAV of the Pinnacle II fund in first 7 years,
guaranteed at maturity". This guarantee is applicable only at maturity and is not available on
partial withdrawal, surrender and death. There will be an additional charge for the cost of
investment guarantee of 0.10% per annum. This will be made by adjustment to the NAV.
2. Tax benefits under the policy are subject to conditions under section 80C and 10(10D) of the
Income Tax Act, 1961. Service tax and education cess will be charged extra as per applicable
rates. The tax laws are subject to amendments from time to time.
3. The returns shown in the benefit illustration are not guaranteed and they are not the upper or
lower limits of what you might get back, as the value of your policy depends on a number of
factors including future investment performance.

Contact us at:

Call our advisor at:

Registered Office: ICICI Prudential Life Insurance Company Limited,

ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025.
www.iciciprulife.com

Insurance is the subject matter of the solicitation. For more details on the risk factors, term and conditions please read sales brochure
carefully before concluding the sale. Unlike traditional products, Unit linked insurance products are subject to market risk, which
affect the Net Asset Values and the customer shall be responsible for his/her decision. The names of the Company, Product names or
fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns. Investments
are subject to market risk. This product leaflet is indicative of the terms, conditions, warranties and exceptions contained in the
insurance policy. The information contained here must be read in conjunction with the Policy Document. In case of any conflict, the
terms mentioned in the Policy Document shall prevail. © 2010, ICICI Prudential Life Insurance Co. Ltd. Reg. No. 105. ICICI Pru Pinnacle-
Form No. U77; UIN: 105L115V01; Advt. No.: L/II/677/2010-11.