ICICI Prudential Life Insurance

ICICI Prudential Life Insurance is one of India’s most popular insurance companies that offers plans fit for everyone. With a CSR (Claim Settlement Ratio) of 97.82%, it offers various life insurance products like term plans, pension plans, child plans, ULIP plans, and group plans for customers looking to secure their loved ones in the long run. 

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
Why ICICI Prudential Life Insurance? Know More
Coverage till 99 years!
Waiver of Premium on Disability
100% Cover Payout on Terminal Illness
34 Critical Illness Benefit Option
Guaranteed 1 Day Claim Settlement
Save upto ₹54,600 on Taxes

Why ICICI Prudential Life Insurance?

×
  • Coverage till 99 years!

    Financially secure & leave a legacy for family in your absence with life cover up to 99 Years at affordable premiums

  • Waiver of Premium on Permanent disability

    In case of disability due to accident, burden of paying your future premiums get waived off while your policy cover stays intact

  • 100% Cover Payout on Terminal Illness

    In case you’re diagnosed with a Terminal illness, you get 100% of your cover amount immediately

  • 34 Critical Illness Benefit Option

    This option benefit gives you complete cover amount right after the first diagnosis of 34 Critical Illnesses like cancer, heart attack and kidney failure

  • Guaranteed 1 Day Claim Settlement

    With ClaimsForSure, claims are settled within 24 hours for hassle free experience in those difficult times

  • Save upto ₹54,600 on Taxes

    Premium paid and benefits received are eligible for tax benefits U/S. 80C and 10(10D).

+Tax benefit is subject to changes in tax laws.

++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get ₹1 Cr. Life Cover at just ₹449/month+
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Benefits of Buying an ICICI Prudential Life Insurance Plan

Here is a list of all the ICICI Prudential Life Insurance Benefits that you need to know before purchasing an ICICI life insurance plan.

  • Financial Protection: All ICICI Prudential life insurance plans provide financial protection to your loved ones in case of your untimely demise. The company’s group plans also help secure the lives of all the individuals working in an organization.

  • High Claim Settlement Ratio: ICICI Prudential life insurance has an impressive Claim Settlement Ratio of 97.82% for the financial year 2021-22. CSR values indicate the number of claims settled against the number of claims filed in the respective financial year.

  • Reputed Insurance Provider: ICICI Prudential is a reputed company in the insurance sector as it started operating in the year 2001. The company is a joint venture between the Indian bank, ICICI Bank, and the UK insurance company, Prudential Corporation Holdings. The company has gained several awards over the years and was the first private life insurance company to gain assets under management of Rs. 1 Trillion.

  • Budget-friendly Premiums: ICICI Prudential offers the most comprehensive plans at the most affordable premium rates. You can go through their list of available plans and purchase the one that fits your budget.

  • Online Customer Services: The company offers its customers the chance to maintain and keep track of their policy updates through its ICICI Life Insurance Login Portal. You can access your policy account to pay your premiums online, update your personal profile and track claim requests, and more, via the portal.

ICICI Life Insurance

ICICI Prudential Life Insurance Plans

Let us take a look at these plans and see their entry and maturity age range. Here is a list of all the life insurance plans offered by ICICI Life Insurance Company in detail.

ICICI Pru Term Plans

The term life insurance policy help in protecting your family’s future and ensures that they lead their lives comfortably without any financial worries, even in your absence. They offer a death benefit to your family in the event of your unfortunate death during the policy term. Your family can use this amount to live their lives comfortably and pay off their debts.

Plan Name Entry Age Maximum Maturity Age Policy Term
ICICI Pru iProtect Smart 18 - 60 years 99 years -
ICICI Pru iProtect Return of Premium 18 - 60 years 85 years -
ICICI Pru Saral Jeevan Bima 18 - 65 years 70 years 5 - 40 years
ICICI Pru iCare II 18 - 65 for RP (Regular pay)

18 - 60 years for SP (Single pay)

85 years 5 - 67 for RP 

5/10 for SP

ICICI Pru Precious Life 18 - 65 years 70 years 5 - 40 years
ICICI Pru Life Raksha 18 - 60 years - 5 years
ICICI Pru Loan Protect 18 - 65 years 70 years 5 - 30 years
ICICI Pru Loan Protect Plus 18 - 65 years 70 years 5 - 30 years
  1. ICICI Pru iProtect Smart

    • Special premium rates are available, especially for non-tobacco users. 

    • Gives a choice to increase the life cover at important milestones in life like marriage and childbirth or adoption.

    • Tax benefits applicable on premiums paid as per prevailing tax laws.

    • Need-based benefit payout option available in the form of a lump sum or monthly income for 10 years.

    • Offers flexibility to pay premiums once, for a limited period, or throughout the policy duration.

  2. ICICI Pru iProtect Return of Premium

    • With the plan’s return of premium option, you can receive all the premiums back on maturity.

    • You can also choose to receive monthly income benefits after you turn 60 years of age.

    • The plan offers a return of premium with life stage cover which changes your life cover as per your life stage and returns your premiums back on maturity.

    • The early return of premium with life stage cover returns your premiums at the age of 60/70 and get your life cover changes at the respective life stages.

    • The option to choose from 4 different benefit options and include critical illness or accidental death benefit riders.

  3. ICICI Pru Saral Jeevan Bima

    • The Saral Jeevan Bima plan offers a death benefit to your family in case of your unfortunate death during the policy term.

    • The policy also offers cover against accidental death only during the 45-day waiting period.

    • In case the policyholder dies due to any other reason other than accidental reasons during the waiting period, the nominees will only receive a 100% of the premiums paid, excluding taxes.

    • The plan offers premium payment flexibility through which you can pay your premiums in a lump sum, limited period, or throughout the policy term.

    • The plan allows you to claim tax exemption as per the prevailing tax laws.

  4. ICICI Pru iCare II

    • Secures the future of the loved ones of the insured even in his/her absence.

    • You can choose a protection cover as per your requirements from two different options.

    • This plan can be started with a minimum premium of Rs.2,400 per annum, excluding the cesses and taxes, which are applicable.

    • The insured can pay the premium either all at once or at regular intervals throughout the plan period.

    • Provides tax benefits under the IT Act of 1961.

  5. ICICI Pru Precious Life

    • The plan offers wide coverage for people with current health issues and for those who have successfully recovered from any disease/surgeries.

    • You can enhance your life cover by including the accidental death benefit rider in the base plan.

    • You can select the benefit payout as per your family’s needs.

    • The plan offers flexibility to pay premiums with their single premium, regular premiums, or limited premium payment.

    • There are lower premium rates for non-tobacco users.

  6. ICICI Pru Life Raksha

    • The plan can only be purchased for a 5-year policy term with a regular payment option.

    • There are no maturity, surrender, or survival benefits available under the plan.

    • The premiums can be paid on a yearly, half-yearly, or monthly payment mode.

    • Tax benefits will be applicable u/s 80C and 10(10D) of the IT Act, 1961.

    • The minimum and maximum premium rates will be dependent on your age and the sum assured.

  7. ICICI Pru Loan Protect

    • This plan provides life cover to people who have taken a mortgage or any other loan from any financial institution.

    • You can purchase the plan at a fixed or reducing cover per your needs.

    • You have the choice to select a policy term that is less than or equal to the loan tenure.

    • You can choose to pay the premiums all in one go or pay them for a limited period of 5 years.

    • You will receive tax benefits under the plan as per the prevailing tax laws.

  8. ICICI Pru Loan Protect Plus

    • The plan offers comprehensive benefit options and get protection against death, accidental death, total and permanent disability, and critical illnesses.

    • You can choose a life cover that is fixed or reducing throughout the policy term.

    • You have the option to pay the premiums in a single lump sum or for a limited period of 5 years.

    • You can pay the premiums on a yearly, half-yearly, or monthly basis.

    • The plan offers tax benefits u/s 80C and 10(10D) of the IT Act of 1961.

ICICI Pru ULIP Plans

These are unit-linked insurance plans which help you in managing your funds based on your risk appetite. These life insurance products provide you with a chance to increase your wealth over time while providing you security against the uncertainties of life.

Plan Name Entry Age Maximum Maturity Age Policy Term
ICICI Pru Signature Online 0 - 60 years 75/99 years 10 - 30, 99 years
ICICI Pru1Wealth 8 - 60 years 70 years 5 - 10 years
ICICI Pru Life Time Classic 0 - 75 years 80 years 10 - 30 years
ICICI Pru Guaranteed Wealth Protector 8 - 70 years 80 years 10 - 12 years
ICICI Pru Smart Life 20 - 54 years 64 years 10 - 25 years
ICICI Pru Smart Couple Plan 20 - 54 years - 10 - 25 years
ICICI Pru EzyGrow 0 - 55 years 99 years 15 - 40 for RP

99 - age at entry for LP

  1. ICICI Pru Signature Online

    • In this plan the entire premium paid by you is invested in the funds of your choice.

    • The plan returns the mortality and policy administration charges at the maturity of the plan.

    • With the plan’s whole life policy you can gain life cover until the age of 99 years.

    • The plan offers wealth boosters at the end of every 5 years beginning at the end of the 10th policy year.

    • You can withdraw money regularly from the policy with the plan’s systematic withdrawal.

  2. ICICI Pru1Wealth

    • The plan offers a policy term of either 5 or 10 years.

    • You can choose to invest your premiums in a wide range of 9 fund options.

    • You can switch between funds as many times as you want for free.

    • You can purchase the plan under the Married Woman’s Property Act and secure the corpus for your family.

    • You can get wealth boosters as a percentage of your single premium at the end of the policy term.

  3. ICICI Pru Life Time Classic

    • You have the option of choosing from 4 portfolio strategies.

    • You can select the protection level as per your needs.

    • The plan offers the option to enhance the base cover with its Accidental Death Rider.

    • You will be eligible for wealth boosters once every 5 years.

    • Tax benefits will be applicable on premiums paid and benefits received.

  4. ICICI Pru Guaranteed Wealth Protector

    • The plan offers security from market downturns with its Assured Benefits.

    • You can pay the premiums for a limited or single term.

    • The limited premium payment terms are of 5 or 7 years.

    • The policy rewards loyalty additions and wealth boosters to the policyholders.

    • You can get tax benefits as per the prevailing tax laws.

  5. ICICI Pru Smart Life

    • The plan offers comprehensive protection to protect your goals and waiver of premiums on all future premiums in case of the policyholder’s unforeseen death.

    • You can pay the premiums for a limited period, regular period, or single payment.

    • You can attain loyalty additions and wealth boosters for a policy with a longer tenure.

    • You can select either a fixed portfolio strategy or a lifecycle-based portfolio strategy.

    • Get tax benefits as per the existing tax laws.

  6. ICICI Pru Smart Couple Plan

    • You can choose to invest in any of the 11 available fund options.

    • The plan offers liquidity to make withdrawals after the completion of 5 policy years.

    • There are single, limited, and regular premium payment terms available under the plan.

    • You can get tax benefits under sections 80C and 10(10D) of the Income Tax Act.

    • The available policy terms under the plans are different premium payment terms.

  7. ICICI Pru Ezy Grow

    • The plan offers a choice of 4 portfolio strategies and you can choose the one that fits your risk appetite the best.

    • You can boost your fund value with a maturity booster.

    • You can choose to receive your maturity benefit as a lump sum or regular payout over the course of one to five years.

    • The plan returns mortality and policy administration charges from the 6th year onwards.

    • You can avail of tax benefits under the IT Act of the Government of India.

ICICI Pru Pension Plans

ICICI prudential life insurance offers you pension plans to secure your future post-retirement. With these plans, you can maintain your financial independence even after the loss of regular income.

Plan Name Entry Age Maximum Vesting Age Policy Term
ICICI Pru Guaranteed Pension Plan Flexi 40 - 70 years - Whole life
ICICI Pru Guaranteed Pension Plan  30 - 100 years - -
ICICI Pru Saral Pension 40 - 80 years - Whole life
ICICI Pru Easy Retirement SP 18 - 80 years 90 years 10 - 30 years
ICICI Pru Easy Retirement 18 - 70 years 80 years 10 - 30 years
  1. ICICI Pru Guaranteed Pension Plan Flexi

    • Provides guaranteed pension for life with an option of return of premiums.

    • Various annuity options are available to fit your different post-retirement needs.

    • You can select if you want to receive the pension on a monthly, quarterly, bi-annually, or yearly basis.

    • You get the option of selecting the premium paying term along with when the annuity payments need to start.

    • You can also save more funds with the plan’s ‘top-up’ option.

  2. ICICI Pru Guaranteed Pension Plan

    • The plan offers immediate and deferred annuity options through which you can select your retirement date and receive pensions accordingly.

    • The plan comes with a Return of Premiums (ROP) option for both immediate and deferred annuities whereas without ROP is only available for an immediate annuity.

    • You can select from different annuity payout modes like monthly, quarterly, annually, and bi-annually.

    • You can choose your retirement date from immediate to anywhere between 1 - 10 years.

    • The plan also offers an early return of purchase price from the age of 76 or at 80 years of age.

  3. ICICI Pru Saral Pension Plan

    • You have the option to select the most suitable annuity payout modes like monthly, quarterly, yearly, or bi-annually.

    • The plan is only available for immediate annuity options under which you have the option to select single or joint-life annuity.

    • This plan also provides a return of premiums on the death of the policyholder.

    • The policy offers guaranteed lifelong pensions by paying the premium in a single lump sum amount.

    • The plan offers other benefits like High purchase price benefit (HPPB), Online booster, loyalty booster, and Loan facility.

  4. ICICI Pru Easy Retirement SP (Single Premium)

    • This is a ULIP plan through which you can grow a post-retirement corpus as per your risk appetite over time.

    • This is a single premium plan after which the regular annuity will be paid for the whole life.

    • The plan offers a fixed Assured Benefit which protects your savings from market downturns.

    • You can also invest extra funds in the plan as top-ups.

    • The plan offers guaranteed loyalty additions every year, after the end of 6th policy year.

  5. ICICI Pru Easy Retirement

    • Savings are protected from market downturns through an Assured Benefit.

    • Pay premiums for 5/10 years or throughout the policy term.

    • More money can be invested in the plan in form of top-ups.

    • Option to choose from available annuity options at retirement to receive regular income.

    • Retirement corpus can be enhanced through Pension Boosters.

ICICI Pru Child Insurance Plans

With ICICI Prudential Child Plans, you can secure your child’s future even in your absence. Through these plans, you can create wealth for your child’s dreams, pay for their higher education, or find their marriage.

Plan Name Entry Age Maximum Maturity Age Policy Term
ICICI Pru SmartKid with Smart Life 20 - 54 years 79 years 10 -25 years

ICICI Pru SmartKid with Smart Life

  • You can secure your child’s future while creating a corpus for his/her dreams.

  • The plan offers you the option of 11 different funds so you to choose the one that fits your risk appetite the best.

  • In case of your unfortunate death, all the remaining premiums will be waived off and at maturity, your nominee will receive the fund value to take care of your child’s future.

  • You can choose to pay the premiums in a single-pay, limited-term, or regular term.

  • The plan offers liquidity by allowing you to make withdrawals after the completion of 5 policy years.

ICICI Pru Traditional Savings/Money Back Plans

These are ICICI Prudential’s traditional savings or money-back plans that help you save for specific goals in the future while providing financial coverage in case of your untimely demise. These plans offer guaranteed returns and help you manage your money in the long run.

Plan Name Entry Age Maximum Maturity Age Policy Term
ICICI Pru Sukh Samruddhi 0 - 60 years 85 years 10 - 30 years
ICICI Pru Guaranteed Income For Tomorrow Long-term 0 - 60 years 101 years 8 - 101 years
ICICI Pru Guaranteed Income For Tomorrow 18 - 60 years 80 years 5 - 20 years
ICICI Pru Cash Advantage 3 to 60 years 80 years 15 - 20 years
ICICI Pru Savings Suraksha 0 - 60 years 70 years 10 - 30 years
ICICI Pru Assured Savings Insurance Plan 3 - 60 years 72 years 10 - 15 years
ICICI Pru Future Perfect 91 days - 58 years 70 years 10 - 30 years
ICICI Pru Lakshya 3 - 50 years 70 years 12 - 30 years
  1. ICICI Pru Sukh Samruddhi

    • The plan provides protection to your loved ones in your absence.

    • You can select to avail of the benefits as a lump sum or regular income.

    • The plan’s flexible premium payment and policy terms allow you to pay premiums as per your suitability.

    • You can receive the income at a date of your choice or can withdraw it later after sufficient accumulation.

    • Tax benefits on the premium paid and the benefits received will be applicable as per the prevailing tax laws.

  2. ICICI Pru Guaranteed Income For Tomorrow Long-term

    • The plan provides guaranteed income for 15/20/25/30 years to help you fulfill your dreams.

    • You can choose from 4 different plan options.

    • The plan also offers a return of premium variant which return 110% of the premiums paid throughout the policy term. 

    • The plan offers liquidity through its loan facility.

    • You can avail tax benefits under sections 80C and 10(10D) of the Income Tax Act.

  3. ICICI Pru Guaranteed Income For Tomorrow

    • The plan protects your loved ones financially in case of your untimely death.

    • You can choose to receive the guaranteed income from 2nd year onwards, in the form of a lump sum or regular income.

    • The plan offers various premium payment and policy terms along with plan options.

    • You can apply for a loan in case of a financial emergency.

    • The minimum and maximum entry age for the plan are 18 and 60 years respectively.

  4. ICICI Pru Cash Advantage

    • The plan offers payout liquidity right after the end of the premium payment period.

    • The plan offers a 1% guaranteed cash benefit every month for the entire payout term of 10 years.

    • You will also be eligible for a guaranteed maturity benefit at the end of the policy term.

    • With the plan’s limited premium term, you can pay your premiums for 5/7/10 years.

    • The tax benefits u/s 80C and 10(10D) will be applicable.

  5. ICICI Pru Savings Suraksha

    • The plan pays a Guaranteed maturity benefit at the maturity of the policy.

    • A 5% Guaranteed addition will be accrued each year for the first 5 policy years and paid at the maturity of the policy.

    • You can choose the premium payment term, premium payment mode, and policy term as per your preference.

    • The plan offers both limited and regular premium payment variants.

    • You will also be eligible to receive terminal and revisionary bonuses.

  6. ICICI Pru Assured Savings Insurance Plan

    • The plan offers guaranteed additions of 9 or 10% of total premiums paid will be added to your policy benefits.

    • These guaranteed additions depend on your policy term.

    • The guaranteed maturity benefit will be paid in a lump sum at the maturity of the policy.

    • You can pay your premiums on an annual, bi-annual, or monthly basis for a premium and policy term of your choice.

    • You can also avail tax benefits under the sections 80C and 10(10D) of the IT Act.

  7. ICICI Pru Future Perfect

    • You will receive the guaranteed maturity benefits (GMB) at the end of the policy term.

    • You will also be eligible to receive any applicable vested and terminal bonuses at the maturity of the policy.

    • The plan provides flexibility in its premium payment term and frequency.

    • You can select the policy term as per your requirements.

    • The plan allows you to pay your premiums on a yearly, half-yearly, or monthly basis.

  8. ICICI Pru Lakshya

    • The plan offers the flexibility to choose the payout as a lump sum payable at maturity, limited period income, or lifelong income till 99 years of age.

    • The plan offers two plan options: The wealth and the Lifelong income plan.

    • You can pay your premiums on a monthly, annual, or bi-annual basis.

    • You can increase your benefits with the plan’s guaranteed value benefits.

    • The tax benefits will be applicable on the premiums paid and the benefits received u/s 80C and 10(10D of the IT Act.

ICICI Pru Group Insurance Plans

ICICI Prudential Group insurance plans provide protection to employees or individuals under an organization. These plans provide the same benefits to everyone regardless of age, gender, occupation, or socioeconomic conditions.

Plan Name Entry Age Maximum Maturity Age Policy Term
ICICI Pru Immediate Annuity 20 - 70 years - -
ICICI Pru Shubh Raksha Life 18 - 69 years 70 years 1 month - 10 years
  1. ICICI Pru Immediate Annuity

    • The plan offers guaranteed lifelong pensions by paying premiums only once.

    • You can choose from a wide range of 11 annuity options as per your requirements.

    • The plan also offers a return of purchase price on critical illness, death, or permanent disability due to an accident.

    • The plan offers higher annuity rates for larger purchase amounts.

    • You can also avail 1% increased annuity if you are NPS (National Pension Scheme) subscriber.

  2. ICICI Pru Shubh Raksha Life

    • The plan offers both, single and joint life cover options.

    • You also have the option to enhance your death benefit with the additional accidental death benefit and accelerated terminal illness benefit riders.

    • You can either pay the premiums all at once or pay them throughout the policy term.

    • The premiums can be paid on a fortnightly, monthly, quarterly, bi-annually, or annual basis, as per your preference.

    • The policy is issued in a simple and easy process.

ICICI Pru Rural Plans

Plan Name Entry Age Maximum Maturity Age Policy Term
ICICI Pru Sarv Jana Suraksha 18 - 55 years - 5 years
ICICI Pru Anmol Bachat 18 - 60 years - 5 - 15 years
  1. ICICI Pru Sarv Jana Suraksha

    • To keep the plan active you have to regularly pay the premiums throughout the 5-year policy term.

    • There is no maturity, survival, or surrender benefit available under the plan.

    • The death benefit will be payable if you suffer an unfortunate death within the policy term.

    • You can avail of tax benefits as per the prevailing tax laws.

    • The plan offers a minimum and maximum sum assured of Rs. 5,000 and Rs. 2 Lacs respectively.

  2. ICICI Pru Anmol Bachat

    • The plan offers several policy options and premium-paying term options.

    • The minimum and maximum entry ages are 18 and 60 years respectively.

    • The policy offers a guaranteed maturity benefit which will be payable at the end of the policy term.

    • The plan allows the loan facility in case of an emergency.

    • You can avail tax beneftis u/s 80C and 10(10D) of the IT ACt of 1961.

What is the ICICI Prudential Claim Settlement Process?

Following are the 3 steps in which ICICI Prudential settles your claims:

  • Reporting the Claim: You can report your claims online, at the company branch, via SMS, email, or the central ClaimCare helpline.

  • Processing the Claim: The company will evaluate your claim and inform you if any more documents are necessary.

  • Settling the Claim: If all the documents are attached and the claim is initiated, the company will settle your claim.

How To Buy ICICI Life Insurance Plans Online in 2023?

You can buy ICICI Life insurance plans online through the following steps:

  • Step 1: Go to the life insurance page

  • Step 2: Fill in the required details like name, gender, phone number, and email ID

  • Step 3: Click on ‘View Plans’ to see the available plans

  • Step 4: Submit the details about your smoking habits, educational background, occupation type, and annual income

  • Step 5: Select the insurer as ICICI Prudential in the filter and select the other policy details as per requirements

  • Step 6: Choose the most suitable ICICI life insurance plan and proceed to pay

Documents Required To Buy an ICICI Life Insurance Plan

Here is a list of all the documents required to buy an ICICI Life insurance plan:

  • Last 3 months’ salary slips

  • Last 3 year’s IT tax returns 

  • Last 6 months’ salary bank statements

  • Last form 16

  • Most recent salary certificate from the employer

  • ID and Address proof

  • Age proof

  • Passport size photograph

  • Medical reports

ICICI Prudential Life Insurance - FAQs

  • How to pay ICICI life insurance premiums? What are the modes of payment available?

    To continue receiving your policy benefits, it is critical to pay premiums on time. You can pay your ICICI Life Insurance premium through these 11 methods:
    • Net Banking

    • Credit card

    • Bill desk

    • Bank Website Debit Car+ ATM PIN

    • Debit Card

    • Bill junction

    • Infinity

    • E-collect

    • Rupay Debit Card

    • Skypack drop box

    • MINC Drop Box

    To make ICICI Prudential Life Insurance Online Payment you can follow the below-mentioned steps:

    Step 1: Enter your policy details - policy number and policyholder’s date of birth

    Step 2: Select your online bank account, debit/ credit card or use the NEFT facility to pay the premium

    Step 3: Authenticate and confirm your payment details and receive online confirmation

  • How can I check policy status of ICICI life insurance?

    You can check the policy status via online, or opt for SMS and e-mail reminder facility.

    You can check ICICI Prudential Life Insurance Policy Status Online as follows.

    • Open ICICI Life Insurance website in your browser

    • Now you will be directed to a new window. On the top right side of this new page you can see the customer login section

    • Enter user ID and password to navigate to checking the policy status

    Only registered users can access the portal, so you need to sign up for the service, if you haven’t yet.

  • What is the policy renewal process?

    Online Policy Renewal facility is available to all ICICI Life Insurance customers. The process is as follows;

    Step 1: Login into the website with your Client ID and password.

    Step 2: Select the policy due for renewal payment. Click Pay Renewal Premium Now

    Step 3: Choose payment option- NEFT, Credit Card/Debit Card

    Step 4: Authenticate and confirm your payment details and print out the payment receipt

  • What is the company’s process to settle claim?

    Step 1: Complete the claim form through -

    Email - lifeline@iciciprufile.com

    Write a letter-lifeline@iciciprufile[dot]com

    Step 2: Form Evaluation

    The Claim Care department examines the claim and if any essential documents are missing, the team immediately notifies the policyholder of the same. The team keeps the claimant up-to-date on the process via Emails, SMS and Letters.

    Step 3: Claims Processing

    On receipt of all the essential documents, the Claims department processes the application within 12 calendar days, if no investigation is needed for checking the claim made.

    For quick access to claim funds, ICICI Life Insurance transfer funds directly into the beneficiary’s bank account.

    In case of less hospitalization, you need to produce the relevant medical bills and reports, issued by the attending physician.

    Upon completion of these documents, submit them to your nearest ICICI branch.

  • What is the policy cancellation process?

    You need to keep your policy for a minimum of 3 years before you can cancel it. You need to fill a surrender form at any of the ICICI Life insurance branches, and submit your policy documents. The cancellation process will take 30 days to complete and the surrender value funds will be directly transferred to your bank account.

    If you signed up for a single premium policy, you can cancel it after the first policy year.

ICICI Prudential Life Insurance - Latest News

  • ICICI Prudential Life Insurance Company Reports 25.1% Growth

    ICICI Prudential Life Insurance Company recently released audited financials for the quarter ending 31st December, 2017. The disclosure of audited financial results was made following the meeting of company’s board of directors held in Mumbai on 19th January, 2018.

    The financials results presented to the exchanges reveal that ICICI Life Insurance Company registered an increase of 82.2% in VNB (Value of New Business). This increase, for 9M-FY2018, was in the tunes of Rs 7.67 billion, whereas VNB for 9M-FY2017 was Rs 4.21 billion.ICICI Prudential Life Insurance Company reported a year-on-year APE (Annual Premium Equivalent) of 25.1%. The savings APE increased in the tunes of 24.9% and protection APE registered a 32.2% growth on year-on-year basis. In addition, on a RWRP basis, the market share of the insurer was reported to be 13.1% for 9M-FY2018.

    Additionally, for 8M-FY2018, the 13th month persistency rate increased to 86.7% and 49th month persistency rate increased to 61.8%. For 9M- FY2017, the 13th month persistency rate was 83.5% and 49th month persistency rate was 60.2%. Looking at the financial growth of ICICI Prudential Life Insurance Company, it would be interesting to see if the company decides on passing the benefits to its customers and patrons by the way of new, and lucrative investment opportunities.

  • Life Insurance is One’s Primary Need, says ICICI Prudential Life Insurance Official

    Over the past a few years, affordable term life insurance plan have gained considerable buyers due a high-value proposition, whereas these plans are not as popular as the others. The executive vice president of ICICI Prudential Life Insurance, Mr. Sandeep Batra, said that that company has been primarily focusing on this particular category of life insurance, thereby aiming at creating consumer awareness about the least appreciated plans that offer high protection to customers. The ICICI Prudential Life Insurance official also said that one must opt for term life insurance plans while planning the security of their family. The policy must offer comprehensive protection with an assured focus on building savings for life. Another key point that one has to have in mind is that that insurer has a consistent claim settlement ratio over the years.
  • ICICI Prudential MF Introduces India Recovery Fund

    ICICI Prudential Mutual Fund recently launched the Series 4 of the India Recovery Fund, which is a close-ended equity fund and has the aim to provide increased capital holdings through invests in equity-related securities as well as equity. Such equity investments are likely to grow even faster with future recovery and further growth in the Indian economy. Mr. Nimesh Shah, Managing Director and CEO, ICICI Prudential Mutual Fund, said that equity markets in India have corrected in January 2016, giving a reflection of the global reviews on the prices of crude oil as well as on the advancements in China. This correction led by all these non-fundamental reasons is nothing but an opportunity that enables allocating towards the equities of India, especially in the large-cap space. These large-caps have well-established business models and these companies have set up the benchmark of management teams. In contrast, in absolute terms, these ratings are cheap in reference to mid-caps, as per the company.
  • ICICI Prudential Acquires 5.22 Lakh Shares of Mahindra Lifespace

    ICICI Prudential Life Insurance Company Limited on Friday, 24th February 2016, bought 5, 22,000 shares of Mahindra Lifespace Developers at a price of Rs. 469.91, in which 2, 69,026 shares sold by Ashish Dhawan at a price of Rs. 469.86. Later on Wednesday, Mahindra Lifespace Developers ended down 3.05 percent or Rs. 14.35 on the NSE, at Rs. 455.67. In February 2015, the share price went high at Rs. 581.20 and went down in June 2015 at Rs. 401.00. The TTM (trailing 12-month) stood at Rs. 25.50 per share in December 2015, whereas the P/E (price-to-earning) ratio stood at 17.96. However, the company has its most recent book value standing at Rs. 322.47 per share. At the current book value, the company had its price-to-book value standing at 1.42 while the 2.62 percent was the dividend yield. ICICI Prudential has its capital infused at Rs. 48.16 billion. The company has been successful in maintaining its dominance over the private insurers across India.
  • ICICI Prudential to stop selling policies in select localities

    Due to some recent fraudulent claims reported in small towns of Gujarat and Odisha, ICICI Prudential Life Insurance Company has instructed its agents to stop selling policies in about 60 localities of the states. In order to completely stop any further fraudulent claiming, several local hospitals have also been barred from selling the policies to the residents of the areas. Some serious administrative lapses, that were intentionally done, have also been discovered in a few medical centres. The company has lately discovered the same and also estimated that the activities have caused heavy losses to the insurance industry. To prevent the same from happening in future, the insurers have put the involved medical centres on the 'watch list'. Medical centres such as Bhagalpur, Begusarai, and Darbhanga in Bihar; and Moradabad and Meerut in Uttar Pradesh have been blacklisted by the insurers. Additionally, the negative location list includes some more centres, such as Kurnool, Vishakhapatnam, and Guntur in Andhra Pradesh are in the negative location list.
  • Stake Sale in ICICI Life Insurance Joint Venture

    ICICI Bank recently reported a net profit of Rs. 3,018 crore for the third quarter of the FY’15-16, which at the same time in FY’14-15 was registered Rs. 2,889 crore by the largest lender throughout the private sector. This net profit of the Q3 ended December 31st last year includes a gain of 4% stake in the life insurance segment, which the company has already sold to Premji Invest. The company had more deals too, including 2% stake in the insurance venture with an investment vehicle of the government of Singapore, namely Temasek and 9% stake in the general insurance with Fairfax Financial Holdings of Canada. Once this venture will get the clearance from FIPB (Foreign Investment Promotion Board), it will be fetching another sum of Rs. 2100 crore. Chief Executive and Managing Director of ICICI Bank, Chanda Kocchar, gave credit to the asset quality review by Central Bank following instructions, which resulted in 60% growth in company’s gross NPA.
  • Paytm to Partner with ICICI Group for Insurance and Banking Co-ventures

    The digital wallet with its eCommerce portal, Paytm is looking forward to partnering with India’s leading banking and insurance companies, including ICICI Group (ICICi Lombard, ICICI Bank, and ICICI Prudential), Citibank and more. While in the mutual fund domain, Paytm is in constant touch with IIFL and SBI Mutual Fund since it in the final phase of partnering with multiple banking and insurance companies of India, including the mutual fund partners. Paytm recently partnered with ICICI Bank, aiming at letting its wallet users make both online and offline purchases using its virtual cards. After this tie-up, Paytm users can recharge their digital wallet at any ICICI bank branch through or cheque. Paytm’s founder is one among top 11 people in India to take RBI’s permission to build such a payments bank while he had expressed his strong desire to reach the top of the list.
  • ICICI Prudential shows the fastest growth in business

    Although 2015-16 FY saw a volatile environment in business the insurance agents marked an incremental growth in premium income for the year. These private insurance service providers showed an increased Adjusted Premium Equivalent of 14% (Y-o-Y) of 24,112 crores for the year, giving a growth in the APE(Adjusted Premium Equivalent) of 12% Y-o-Y i.e. approx 52,000 crores for the year.

    ICICI Pru Life closed its FY 2014-15 with the fastest growth of 41% and market a 10% growth in 2015-16. As per the observations, this dip is also because of a 12% Y-o-Y downsize of the tickets in their business. Though, notably, the product mix did not change the share of unit-linked insurance plans in the overall APE to 83% in the initial 9months of FY 2015-16 which was 86% in FY 2014-15. ICICI Prudential Life owns a good share in the business of unit linked plans.



Term insurance articles

Recent Articles
Popular Articles
PNB MetLife Saral Jeevan Bima Review

07 Sep 2023

“I have opted for Term insurance plan of PNB MetLife. This is
Read more
Policybazaar's Insurance Advisor: Your Smart Path to Protection

17 Aug 2023

Policybazaar’s Insurance Advisors are IRDAI certified experts
Read more
ICICI Pru Saral Jeevan Bima

25 Jul 2023

ICICI Pru Saral Jeevan Bima is a simple term insurance plan that
Read more
HDFC Life Smart Protect Plan

19 Jul 2023

HDFC Life Smart Protect is a term insurance plan that offers
Read more
Canara HSBC Young Term Plan

03 Jul 2023

Canara HSBC Young Term Plan is a comprehensive pure protection
Read more
Term Insurance for Women in India
Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
What Are The Medical Tests Done For Term Insurance
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
2 Crore Term Insurance Plan
The pandemic has surely generated a global panic and emphasised the importance of financial planning that would
Read more
TATA AIA Smart Sampoorna Raksha Param Rakshak Plus
TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals
Read more

ICICI Prudential Life Insurance Reviews & Ratings

4.3 / 5 (Based on 153 Reviews)
(Showing Newest 10 reviews)
Akhil
Idar, April 09, 2021
Secure my family’s future
My icici term insurance plan has helped me in securing the future of my family. It will take care of the needs and gives the financial assistance to my family after me. That’s the best plan.
Deeksha
Nandyal, April 08, 2021
Flexibility
Buying a life insurance plan is quite helpful and flexible in nature. I pay the premiums on time and the customer care team is also good.
Sadhna
Muniguda, April 07, 2021
Customize the plan easily
I have customize plan life insurance plan into the website of policybazaar. I like the product and have bought the plan 2 years back. It is easy.
Fardin
Mukundapur, April 06, 2021
Affordable plans
I can easily buy an affordable life insurance policy from the policybazaar and I bought the plan of icici prudential life insurance. It is easy to buy online and I have got great features with less premium rates. Thanks team.
Karan
Mitauli, April 05, 2021
Protective shield
I have bought a protective shield for me and my family as icici prudential life insurance policy. It is a nice plan which will be there for me a long term basis. I am thankful to team policybazaar.
Chhaya
Ichalkaranji, March 31, 2021
Happy customer
I am one of the happiest customer of policybazaar as they provided with icici prudential child insurance policy at best prices. It has been a great coverage for me and my child. Great work.
Munendra
Badlapur, March 30, 2021
Great coverage
My child has got a great coverage for his child insurance plan. It was brought from the website of the policybazaar and it was the plan of icici prudential. Such good plan from website of the policybazaar at low premium rates.
Kriti
Katghodi, March 16, 2021
Future planning
I have already started thinking about the future of my child’s future. I want him to get the best education and that is the only reason I bought this icici prudential child insurance plan. Thanks policybazaar.
Aaksha
Beed, March 10, 2021
View several quotes
When I was buying the life insurance plan from the policybazaar I checked various quotes and plans into the website of the policybazaar. I am happy that I bought the life insurance plan from icici prudential. Thanks team.
Bishm
Bangriposi, March 09, 2021
Different coverage
I recently bought a icici prudential life insurance policy from the website of the policybazaar. It is really good and along with that I bought the covers too. It has enhanced my plan and has helped me a lot in different ways. Thanks team policybazaar.
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL