ICICI Pru Elite Life II-What is your take on this?

This is the typical ULIP plan. The first advice of “Don’t mix insurance with investment” applies to this plan too. Second bad feature is cost. The charges are still high compared to typical equity mutual funds. Also, such plans are illiquid and you have to continue even if the fund is not performing well. I suggest to stick to term insurance when it comes to LIFE INSURANCE.