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ICICI Prudential Life Insurance

ICICI Prudential Life Insurance offers a comprehensive range of plans catering to different needs, including endowment, term, ULIP, child, and retirement plans. With a CSR (Claim Settlement Ratio) of 95.28%, the company shows a good track record of quick claim settlement.

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What is ICICI Prudential Life Insurance?

ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life Insurance) is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Ltd. It is one of India’s leading insurers, offering a comprehensive range of insurance plans such as term, pension, child, ULIP, and group plans.

Key Highlights of ICICI Prudential Life Insurance

Solvency Ratio 2.09%
Lives Covered 77.24 Million
Average Claim Settlement Time 1.2 days
Assets Under Management Rs. 2941.40 billion

**Data for the FY 2022-23

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 everyone working in an organization.

  • High Claim Settlement Ratio: ICICI Prudential Life Insurance has an impressive Claim Settlement Ratio of 95.28% for the financial year 2022-23. CSR values indicate the number of claims settled against the number of claims filed in the respective financial year.

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

  • Budget-friendly Premiums: ICICI Prudential Life Insurance offers the most comprehensive plans at the most affordable premium rates. You can review their list of available plans and purchase the one that fits your budget. Not only that, the insurer offers a lifetime discount of 15% on the premiums for female customers and an additional discount of 15% on first year premiums for salaried women.

  • Online Customer Services: ICICI Prudential Life Insurance 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.

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Types of ICICI Prudential Life Insurance Plans

ICICI Life Insurance is an Indian insurance provider offering a range of financial solutions to fit the needs of individuals from all walks of life. These plans can help you secure your and your family’s financial future and create wealth in the long run. You can choose from a variety of plans like pension, protection, retirement, savings, and ULIP, and endowment plans as per your needs.

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

ICICI Prudential Term Plans

The term life insurance policy helps protect your family’s future and ensures that they lead their lives comfortably without any financial worries, even in your absence. These ICICI Prudential life insurance plans 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 - 65 years 99 years 5 - 69 years
ICICI Pru Protect and Gain 18 - 60 years 90 years 30 - 40 years
ICICI Pru iProtect Return of Premium 18 - 60 years 85 years 5 - 40 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

    • This ICICI Prudential Life Insurance offers special premium rates, 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 of term insurance 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 Protect and Gain

    • This ICICI life insurance policy offers dual benefits of protection and wealth creation

    • You can get a life cover of up to 100X of your annual premium

    • You will receive a maturity booster on completing the policy term

    • The plan provides the option of receiving monthly payouts via SWP

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

  3. 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.

    • This ICICI prudential life insurance policy 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.

  4. 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.

    • This ICICI life insurance 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.

  5. 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 ICICI prudential life insurance policy 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.

  6. ICICI Pru Precious Life

    • This ICICI life insurance policy 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.

  7. ICICI Pru Life Raksha

    • This ICICI prudential life insurance policy 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.

  8. ICICI Pru Loan Protect

    • This ICICI life insurance policy 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 can 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.

  9. ICICI Pru Loan Protect Plus

    • This ICICI prudential life insurance policy 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 reduced throughout the policy term.

    • You can 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.

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ICICI Prudential ULIP Plans

These ICICI Prudential Life Insurance plans are unit-linked insurance plans which help you manage 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 ICICI Prudential life insurance plan, the entire premium you pay is invested in the funds of your choice.

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

    • 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

    • This ICICI life insurance policy 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.

    • This ICICI Prudential life insurance 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

    • This ICICI life insurance policy 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

    • This ICICI Prudential life insurance 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.

    • This ICICI life insurance policy 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

    • This ICICI Prudential Life Insurance policy 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.

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ICICI Prudential 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

    • This ICICI life insurance policy 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

    • This ICICI Prudential life insurance plan offers immediate and deferred annuity options to 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.

    • This ICICI life insurance policy 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 ICICI Prudential life insurance 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 this ICICI Prudential Life Insurance plan in the 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.

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ICICI Prudential 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 Prudential SmartKid with Smart Life

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

    • This ICICI Prudential life insurance 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.

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ICICI Prudential Traditional Savings/Money Back Plans

These are ICICI Prudential life insurance’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 Gold 0 - 60 years 99 years 85 - 99 years
ICICI Pru Sukh Samruddhi 0 - 60 years 85 years 10 - 30 years
ICICI Pru Gift Pro 18 - 60 years 75 years 8 - 17 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 Gold

    • This ICICI Prudential Life Insurance plan offers protection under the plan till 99 years of age

    • Receive a combination of guaranteed income and income linked to bonus till 99 years of age

    • You can accumulate or withdraw income or adjust future premiums

    • This ICICI life insurance policy offers guaranteed boosters after every 5 years

    • You will be eligible to receive tax benefits u/s 80C and 10(10D) of the IT Act

  2. 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.

    • This ICICI Prudential life insurance 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.

  3. ICICI Pru Gift Pro

    • This ICICI life insurance policy offers financial protection and the option of selecting the guaranteed income 

    • The guaranteed income you choose can stay level or increase every year as per your needs

    • You can select the date of income payout through ‘Save the Date’ option

    • You can withdraw future benefits in advance by converting into lump sum

    • You can claim tax benefits as per the prevailing tax laws

  4. ICICI Pru Guaranteed Income For Tomorrow Long-term

    • This ICICI Prudential life insurance 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.

  5. ICICI Pru Guaranteed Income For Tomorrow

    • This ICICI life insurance policy 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.

  6. ICICI Pru Cash Advantage

    • This ICICI Prudential life insurance 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.

  7. ICICI Pru Savings Suraksha

    • This ICICI life insurance policy 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.

  8. ICICI Pru Assured Savings Insurance Plan

    • This ICICI Prudential life insurance policy 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.

  9. 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.

    • This ICICI life insurance policy 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.

  10. ICICI Pru Lakshya

    • This ICICI Prudential life insurance 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.

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What is the ICICI Prudential Claim Settlement Process?

Following are the 3 steps in which Prudential Life Insurance 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 ICICI Prudential Life Insurance claim.

Documents Required for Claim Registration

Mandatory documents 

Additional documents (depending on the type of death)

Natural Death Death Due to Accident
  • Duly filled and signed Claimant Statement Form
  • Death Certificate issued by the local government authority of the person insured in the policy (Life Assured)
  • Recent photograph of the claimant
  • Current Address proof of the claimant(Any one of the following: Aadhar Card, Valid Passport or Driver's License, Voters ID are considered as proofs)
  • Signed copy of photo identity proof of the claimant
  • Copy of cancelled cheque/bank statement/passbook of the bank account of the claimant where payment needs to be transferred
  • Signed copy of PAN card / Form 60 of the claimant
  • Past medical records and treatment papers
  • All hospitalization records, such as:
    • Admission form
    • Hospital treatment papers
    • Discharge summary
    • Diagnostic reports
  • Medico-legal cause of death
  • Employer Certificate – only if Life Assured was a salaried individual. 
  • First Information Report (FIR)
  • Final Police Investigation Report
  • Postmortem report (PMR)
  • Viscera /Chemical Analysis Report, if any
  • Driving License
  • Medical records and treatment papers
  • Newspaper Cutting, if any
  • All hospitalization records such as:
    • Admission form
    • Indoor Case Papers(ICPs),
    • Discharge summary
    • Diagnostic reports
  • Duly filled in Medical Hospital Attendant Certificate. Medico-legal cause of death
  • Employer Certificate – only if Life Assured was a salaried individual. 

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 Life Insurance 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

*Note: It is advised to firstly know what is term insurance and then buy the best ICICI prudential term insurance plan.

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

How To Check the Policy Status of ICICI Prudential Life Insurance Policy?

The company offers online and offline ways of checking your ICICI Prudential Life Insurance policy status. Follow the below steps to check the policy status of ICICI Life Insurance policy online: 

Step 1: To check the policy status online, you need to register yourself by creating a user account on the company's official website.

Step 2: Log in to your account using your credentials.

Step 3: Select the option you want to check from the menu once logged in. To see policy details, go to “View Policy Details.”

Step 4: Your policy details will be displayed on your screen, and you can check them.

You can call customer care to check your policy details offline @1860 266 7766

Or you can avail of the SMS service of the company. For this, customers need to register their mobile number with the company. They can register their mobile number by sending an SMS to 56767. Type REG <Space> The 8-digit policy number and DOB (date of birth).

To receive the policy updates of your ICICI Prudential Life Insurance via SMS, type PST <Space> the 8-digit policy number and send it to 56767.

ICICI Prudential Life Insurance - FAQs

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

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

    Ans: 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.
    • Step 1: Open the ICICI Life Insurance website in your browser
    • Step 2: 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
    • Step 3: Enter your 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.
  • Q: What is the ICICI Prudential Life Insurance policy renewal process?

    Ans: 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
  • Q: What is the ICICI Prudential Life Insurance process to settle claims?

    Ans: Here is how you can get your ICICI life insurance policy claim settled: You need to inform the ICICI Prudential Life Insurance company of the policyholder’s death as soon as possible and submit the duly filled claims form.
    • Step 1: Claim Intimation
      You need to inform the ICICI Prudential Life Insurance company of the policyholder’s death as soon as possible and submit the duly filled claims form.
    • Step 2: Claim Processing
      The insurer will send you a list of additional documents that you need to submit, after which the insurer will verify the details of the claim.
    • Step 3: Claim Settlement
      The insurer will send the claim amount directly to the nominee’s bank account details provided in the previous step.
  • What are the benefits of term life insurance?

    Ans: Here are 4 common term insurance benefits:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage
  • Q:What is the ICICI Prudential Life Insurance policy cancellation process?

    Ans: 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.
  • Q: Is ICICI Prudential Life Insurance Safe?

    Ans: Yes, ICICI prudential life insurance is safe as it provides the best life insurance plans at low premium rates. The insurer offers life cover and has a good claim settlement ratio (CSR) to secure your family members. This will help secure your family members even after the demise.
  • Q. Can we trust ICICI Prudential Life Insurance Company?

    Ans: ICICI Prudential Life Insurance is one of the well-established insurance providers in India. The company offers a wide range of insurance plans tailored to meet individuals' diverse needs. However, the policy choice should ultimately depend on your specific requirements, financial goals, and risk tolerance. What works for one person may not necessarily be the best fit for another. Therefore, it's advisable to thoroughly research and evaluate the available options before making a decision.

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 Life Insurance 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 Life Insurance), 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 Life Insurance 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 Prudential Life Insurance 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 Insurance owns a good share in the business of unit linked plans.


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ICICI Prudential Life Insurance Reviews & Ratings

4.4 / 5 (Based on 212 Reviews)
(Showing Newest 10 reviews)
Shri
Delhi, July 22, 2024
Concise Information
I appreciated the clear, concise information and the ability to compare multiple policies.
Ravi
Uttar Pradesh, July 22, 2024
Thanks PB
Found the perfect policy for my needs without any hassle, Thanks PB
Samir
Maharashtra, July 22, 2024
Quick Response
Excellent service and quick response from customer support.
Pramod
Uttar Pradesh, July 22, 2024
Informed Decision
The transparency and the detailed information of the pb website which made it easy to make an informed decision.
Mukesh
Rajasthan, July 22, 2024
Policy Buying Experience
The entire purchase process was seamless, and I received my policy documents almost immediately.
Surendra
Andhra Pradesh, July 22, 2024
Good Filters
On the website the filters allowed me to narrow down my options quickly, and I found a policy that offered comprehensive coverage at a reasonable price.
Raju
Uttar Pradesh, July 22, 2024
Trusted and Reliable
I purchased Bajaj e touch and have found not only the premiums to be highly affordable from policybazaar but the brand and its help really reliable as well.
Bhagwati
Gujarat, July 22, 2024
Comprehensive and Detailed
Comprehensive and detailed information helped me choose an ICICI life term plan for my family at really low cost.
Dipendra
Maharashtra, July 22, 2024
Simple and Detailed
Simple and detailed process with Policybazaar helped me choose Aegon with confidence.
Aman
Madhya Pradesh, July 22, 2024
Easy and User Friendly
Easy and user friendly platform on Policybazaar helped me pick Tata AIA for its comprehensive coverage.
Current Version
Jul 05, 2024
Written By
Rhishabh Garg
Reviewed By
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