ICICI Pru Signature

ICICI Pru Life Signature is a savings cum protection Unit Linked Insurance Plan. This plan not only offers life cover to the family of the insured in their absence, but it also offers several, flexible investment options to help him achieve their goals. With the ICICI Pru Life Signature Insurance, the insured has a choice of 4 portfolio strategies and a vast range of funds across equity, debt and balanced funds depending on his investment needs.

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The policy also allows money withdrawals at regular intervals to help different life goals of the insured through the Systematic Withdrawal Plan.   

ICICI Pru Life Signature Details:



Policy Tenure

  • 10-30 years, 
  • For Whole Life(99- Entry Age)

Premium Paying Term

  • Limited Pay: 5,7, and 10 years
  • Regular Pay: Same as the policy term
  • Whole Life Cover-7,10, or 15 years

Premium Paying Mode

Monthly, Half-Yearly and Annually 

Entry Age

0 -60 years

Maturity Age

For policies other than Whole Life:

Min: 18 years

Max: 75 years

For Whole Life policies:

Max: 99 years

Grace Period

30 Days.  In the case of the monthly mode, the grace period is 15 days. 

Sum Assured

For policies other than Whole Life:

  • For Entry Age 0-44 years:
  • Min: 7 X Annualized Premium 
  • Max: Higher of (10 X Annualized Premium) and (0.5 X Policy Term X Annualized Premium)
  • For Entry Age 45 years and above:
  • Min: 7 X Annualized Premium 
  • Max: 10 X Annualized Premium

For Whole Life policies:

  • For Entry Age 0-44 years:
  • Min: 7 X Annualized Premium 
  • Max: Higher of (10 X Annualized Premium) and ((70-Age of entry) X 0.5 X Annualized Premium)
  • For Entry Age 45-58 years:
  • Min: 7 X Annualized Premium 
  • Max: 10 X Annualized Premium
  • For Entry Age 59-60 years:
  • Min: 7 X Annualized Premium 
  • Max: 7 X Annualized Premium


Partial Withdrawals/Systematic Withdrawals available as per conditions after 5 policy years

Benefits of the ICICI Pru Signature Plan

Here is a rundown of the core benefits offered under ICICI Pru Signature Plan:

Maturity Benefit: As the plan becomes matured, the policyholder will receive the Fund Value including the Top-Fund Value, if any. The insured has the option to receive this benefit as a single lump sum amount or opt to avail of a structured payout.

Death Benefit: In the scenario of the unfortunate death of the insured during the term of this plan, and given the funds are not in the discontinued policy fund, the nominee or beneficiary is entitled to the Death Benefit which is the highest of:

  • Sum Assured (including Top-up Sum Assured if any)
  • Minimum Death Benefit: (105% of the total premiums including Top-up premiums received)
  • Fund Value (including Top-up Fund Value if any)

Surrender Benefit: If the insured wishes to surrender the policy within the first five policy years, the Fund Value including the Top-up Fund Value, if any will be transferred to the Discontinued Policy Fund. The nominee will be entitled to receive the Discontinued Policy Fund Value on the death of the insured or expiry of the lock-in period, whichever is earlier. 

In case of surrender of the policy after the 5 years, the policyholder/nominee will receive the applicable Fund Value.

Tax Benefit:  The amount of premium paid, as well as the benefits received under the ICICI Pru Signature Insurance Plan, are eligible for tax benefits, as per the Section 10(10D) and Section 80 C of the Income Tax Act of 1961*.

*Tax benefit is subject to changes in tax laws

The Premium for ICICI Pru Signature Plan

For policies other than Whole Life policies, the minimum premium is Rs. 30,000 P.A.

For Whole Life policies, the minimum premium is Rs. 60,000 P.A. 

Maximum premium amounts have no limit and are subject to underwriting guidelines.

Additional Riders for ICICI Pru Signature Plan

Under this risk management plan, the policyholder cannot avail of any additional rider.

Eligibility for ICICI Pru Signature Plan

Entry Age: 0- 60 years

Maturity Age: 

  • For policies other than Whole Life- 18 - 75 years
  • For Whole Life policies, Maximum age is 99 years.

What are the documents required to buy this policy?

  • Identity proof documents. This includes the driving license, passport, or the Aadhar card of the policyholder. 
  • Address proof documents. This includes the driving license, voter ID passport or the Aadhar card of the policyholder. 
  • Income proof documents. This includes the income tax returns and salary slips of the policyholder.

How to buy this plan online?

The applicant must follow the steps given below to buy online ICICI Pru Signature insurance plan:

Step 1: The buyer must enter his details such as age, health information, and coverage required.

Step 2: The ICICI Pru Signature insurance calculator will calculate the premium amount and the policy term for the given details.

Step 3: The applicant must then select the funds where he wishes to invest the money from the 13 options provided in the various combinations of equity, debt and balanced, from four portfolio strategies.

Step 4: He can then make the premium payment anywhere, anytime online through the various payment options available.

Step 5: Once the person’s details and documents are verified, the policy will be issued and the details will be sent to the insured through email or SMS message.   

Exclusions of ICICI Pru Signature Plan

The ICICI Pru Signature Plan Insurance reviews suggest that is has a suicide clause that states that: 

If the life assured commits suicide within 12 months from date of policy commencement or policy revival, only the Fund Value including the Top-up Fund Value, if any available on the date of death intimation will be payable to the nominee. Charges other than the Fund Management and guarantee expenses that have been recovered after the date of death will be added back to the Fund Value as on the date of death.

In the scenario that the insured individual dies by committing suicide from the date of the increase in Sum Assured, the amount of increase will not be considered in the death benefit calculation.


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ICICI Pru Signature Reviews & Ratings

4.1 / 5 (Based on 27 Reviews)
(Showing Newest 10 reviews)
Abu_road, March 19, 2019
Quick claim
ICICI Prudential Ulip Plan saved my time and money. I thought it would make me do feverish exercise at the time of claim but it was not that. it provided me quick access to claim funds with quick documentation process.
Guwahati, October 10, 2016
Ulip Insurance Policy
My ulip insurance policy plan is very nice. It provides me the best service and benefits. I took it from icici prudential insurance company. Policy coverage is ~89% and claims are easy to get by getting help of the executives and staff members of the company.
Bhowali, August 24, 2016
Ulip insurance plan i bought in low investment from icici prudential life insurance. Service provided by you guys is ultimate. The online renewal facility is the best way to reduce the paperwork which you provides. Policy coverage and claims are high with low premiums.
Firozabad, July 20, 2016
ICICI Insurance Plan
After long search i got ulip plan of icici prudential life insurance. The policy is nice and great returns in less investment. Policy coverage is ~90% and the claims are high which is easy to sanctioned. I purchase this policy for my whole family, really effective and protective plan.
Jagadhri, July 11, 2016
ULIP Policy
My ulip plan is very good which has many benefits like low premiums and good returns. Policy coverage is good and claims are easy to sanctioned because of quick service provided by the staff members. Service is good and online service is easy to access by anybody.
Bawal, June 29, 2016
Nice Policy
I purchase ulip insurance plan in low premiums. The policy coverage is good and claims are better. Internet service is good and easy to operate by anyone. It gives hassle free documentations and reduces paperwork.
Agartala, April 15, 2016
Wonderful Policy
The policy coverage is 95%, The claims are high and the claiming is easy because of the executives and the staff members service they provide. The benefits provided by you guys icici prudential ulip policy plans is fantastic. The premiums are less ~34 K and the returns are high ~Rs.40 L.
Nilgiris, April 15, 2016
Great Benefits
From icici prudential life insurance i have taken a ulip policy plan for the tenure of 39 years in which we get lumps um amount after the maturity of the policy plan. Policy coverage is 89% of investment. Accident and natural death is inbuilt secure in this policy. Service is fast and on time which is facilitate from staff members.
Gwalior, April 15, 2016
My ulip policy plan is from icici prudential life insurance and the policy is the awesome because the policy has many benefits like the accident insurance is inbuilt in this policy. Policy coverage is high approx. 93% and the premiums are low. Claims are 1.75 times of the investment. The service is fast and very quick. Good policy plan.
Udyapur, April 15, 2016
slow service issue
One of the most convenient insurance policies provider is icici prudential life insurance ulip policy plan so my investments will be safe. As far as I seen this company is coming generation to generation. Everybody is been benefited with its benefits. Customer service need to be improved as that is bit slow and never on time.
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