ICICI Prudential Life Insurance Company offers a policy mentioned above in the title line.
Under it the policy holder is required to pay an annual premium of fixed amount for ten years.
The premium is invested each year by the company in two market linked funds in a proportion depending on the age of the policy holder. One of the funds is equity oriented, while the other is a debt fund.
I would like to know what is the maturity benefit of such a policy.
Is it like ULIP of LIC ?

One time lump sum payment of the market value of the portfolio comprising number of units of the two funds or not?
If not, then what benefit will accrue?

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