Change in portfolio strategy & option in ULIP

Q & A ForumCategory: InsuranceChange in portfolio strategy & option in ULIP
rahuls2507 asked 7 years ago
Hi, I would like to know what is "Change in portfolio strategy"  option in ULIP ? Could you please tell me how can i get benefit from this. Regards, Rahul
4 Answers
Sreekanth Staff answered 7 years ago
Dear Rahul, Are you referring to 'Fund  - Switch' option?  
rahuls2507 answered 7 years ago
Dear Sreekanth, No,It is different. e.g under "Change in portfolio strategy" my current position is "Fixed" and new option is "Life cycle". I don't know what is this and how exactly it will affect my fund. I am referring to ICICI Pru Elite Wealth II fund. 
Sreekanth Staff answered 7 years ago
Hi, As per the plan product brochure :
  • Fixed Portfolio Strategy: With this option, you can invest your money in equity and debt funds of your choice. You can also move your money from one fund to another to suit your investment needs.
  • Lifecycle-based Portfolio Strategy: With this option, your money is automatically allocated to equity and debt funds based on your age. As you grow older, your money is steadily transferred from equity to debt to secure it when the policy matures.
rahuls2507 answered 7 years ago
Thank you so much for the explanation. Really appreciated.    
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