ICICI Pru Pinnacle II returns query ?

POSTED BY jimmyjose2980 ON April 7, 2014 10:20 pm COMMENTS (3)

Hi Manish,

Of late, I started reading on investments and found myself trapped, as were many others, either due to negligence or lack of knowledge. I invested in ‘ICICI Pru Pinnacle II’ in 2011 with the following attributes.

SA – Rs. 500,000/-
Premium – Rs. 50,000/-
Premium Paying Term – 5 years
Maturity – 10 years

‘ICICI Pru Pinnacle II’ claims to give returns based on the highest NAV recorded at any time during the 7 years, instead of that based on the final NAV.

Do they really keep up to their terms as stated OR is there any hidden clause that goes makes it a usual ULIP?

What percentage can I expect at maturity?

Thanks,
Jimmy
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3 replies on this article “ICICI Pru Pinnacle II returns query ?”

  1. ashalanshu says:
    April 9, 2014 at 12:05 am

    Dear Jimmy, 7Y is your prem. paymen term and 10Y is your policy term.

    Thanks

    Ashal

    Reply
  2. jimmyjose2980 says:
    April 8, 2014 at 10:06 pm

    Thanks Ashal! I did answer to my query in the post.

    One thing that I could find mentioned within the post is about the maturity period. My policy document states 10 years as maturity period.

    What is that all about?

    Thanks,
    Jimmy

    Reply
  3. ashalanshu says:
    April 8, 2014 at 7:29 am

    Dear Jimmy, please read past discussion for the product in question.

    Thanks

    Ashal

    Reply

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