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  • ICICI Prudential Life Insurance

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    ICICI Prudential Life Insurance Company (ICICI Prudential Life) is a joint venture between ICICI Bank Ltd., one of India's largest private sector bank, and Prudential plc, a leading international financial services group headquartered in the United Kingdom. ICICI Prudential Life was amongst the first private sector life insurance companies to begin operations in December 2000 after receiving approval from Insurance Regulatory Development Authority of India (IRDAI).

    ICICI Prudential Life's capital infused stands at Rs. 48.16 billion (as of March 31, 2015) with ICICI Bank Ltd. and Prudential plc holding 74% and 26% stake respectively. For the financial year 2015, the company garnered a total premium of Rs. 153.07 billion. The company has assets under management of Rs. 1001.83 billion as on March 31, 2015.

    For over a decade, ICICI Prudential Life has maintained its dominant position (on new business retail weighted basis) amongst private life insurers in the country, with an array of products to match the different life stage requirements of customer and enable them to achieve their long term financial goals.

    Term insurance plans
    • ICICI Pru iProtect Smart
    • ICICI Pru iCare II
    • ICICI Pru Life Raksha
    • ICICI Pru POS iProtect Smart
    • ICICI Pru POS Life Raksha
    Health insurance plans
    • ICICI Pru Heart Cancer Protect
    • ICICI Prudential Smart Health Cover
    Unit linked insurance plans
    • ICICI Pru1Wealth Plan
    • ICICI Pru Lifetime Classic
    • ICICI Pru Elite Life Super
    • ICICI Pru Elite Wealth Super
    • ICICI Pru Guaranteed Wealth Protector
    • ICICI Pru Smart Life
    • ICICI Prudential Smart Kid Solution
    Traditional Savings/Money Back plans
    • ICICI Pru Cash Advantage
    • ICICI Pru Savings Suraksha
    • ICICI Pru Assured Savings Insurance Plan
    • ICICI Pru Future Perfect
    Retirement plans
    • ICICI Pru Easy Retirement
    • ICICI Pru Immediate Annuity
    Group Plans
    • ICICI Pru Loan Protect
    • ICICI Pru Loan Protect Plus
    • ICICI Pru Group Term Plus
    • Group Gratuity Plan
    • Group Superannuation Plan
    • Group Leave Encashment
    • Group Immediate Annuity Plan
    • ICICI Pru Group Loan Secure
    • ICICI Pru Group Insurance Scheme for Pradhan Mantri Jeevan Jyoti Bima Yojana
    • ICICI Pru Shubh Raksha Credit
    • ICICI Shubh Raksha One
    • ICICI Pru Shubh Raksha Life
    Rural plans
    • ICICI Pru Sarv Jana Suraksha Micro Insurance Plan
    • ICICI Pru Anmol Bachat

     

    ICICI Prudential Term Insurance Plans

    Type of the plan Basic sum assured Policy term
    ICICI Pru iProtect Smart
    • Minimum sum assured - will be subject to the minimum premium amount
    • Maximum sum assured - No limit (subject to underwriting policies)
    • Minimum policy term - 5 years
    • Maximum policy term - 20 years
    ICICI Pru iCare II
    • Minimum sum assured - if age is 60 years with a policy term of 5 years, then the minimum sum assured will be: For option I - Rs.87,423 and for option II - Rs.85,875. If age is 18 years and chosen policy term is 30 years, then minimum sum assured for option I will be Rs.3.6478 lakh and for option II it will be Rs.2.88257 lakh
    • Maximum sum assured - No limit is set herein
    • For regular pay policies - 5, 10, 15, 20, 25, and 30 years
    • For single pay policies - 5 and 10 years
    ICICI Pru Life Raksha
    • Minimum sum assured - Rs.50,000
    • Maximum sum assured - Rs.5 lakh
    • For regular pay policies - 5 years

     

    ICICI Prudential Health Insurance Plans

    Type of the plan Basic sum assured Policy term
    ICICI Pru heart/cancer protect Sum assured must be determined after analysing future treatment costs, hospitalisation costs, additional expenses, and so on
    • Minimum policy term that can be chosen is 5 years. Policyholders can purchase ICICI Pru Heart/Cancer Protect between the ages of 18-65 years
    ICICI Prudential Smart Health Cover
    • Maximum sum assured - Rs.25 lakh
    • Minimum policy term - 10 years
    • Maximum policy term - 30 years

     

    ICICI Prudential Unit-Linked Insurance Plans

    Type of the plan Basic sum assured Policy term
    ICICI Pru1Wealth
    • If entry age = less than 50 years, then minimum sum assured = 1.25 times Single Premium and maximum sum assured = 10 times Single Premium
    • If entry age = more than 50 years, then minimum sum assured = 1.10 times Single Premium and maximum sum assured = 1.10 times Single Premium
    5 and 10 years
    ICICI Pru Lifetime Classic
    • If the entry age of the policyholder is between 0 and 44 years, then the minimum sum assured will be Higher of (10 X Annualised Premium) and (0.5 X Policy term X Annualised Premium)
    • If the entry age of the policyholder is 45 years or more, then the minimum sum assured will be Higher of (7 X Annualised Premium) and (0.25 X Policy term X Annualised Premium)
    • Maximum sum assured - No limit
    • If the entry age of the policyholder is between 0 and 39 years, then
      • Policy term will be 10, 15, to 25 years for a premium payment term of either 7 years or less than 7 years
    • If the entry age of the policyholder is between 40 and 44 years, then
      • Policy term will be 10, 15, to 20 years for a premium payment term that is either 7 years and above or less than 7 years
    • If the entry age of the policyholder is between 45 years and 46 years, then
      • Policy term will be 10 years (minimum) and 15 years (maximum) for a premium payment term of less than 7 years or 7 years and more than 7 years
    • If the entry age of the policyholder is between 47 years and 55 years, then
      • Policy term will be 10 years for a premium payment term of less than 7 years or 7 years and more than 7 years
    ICICI Pru Elite Life Super
    • For single pay policies: If the entry age of the policyholder is between 0 and 41 years, then minimum sum assured will be 1.25 X Single Premium and maximum sum assured will be 10 X Single Premium. If the entry age of the policyholder is 42 years or more, then minimum sum assured will be 1.25 X Single Premium and maximum sum assured will be 1.25 X Single Premium
    • For regular and limited pay policies: If the entry age of the policyholder is between 0 and 44 years, then the minimum sum assured will be Higher of (10 X Annualised Premium) and (0.5 X Policy term X Annualised Premium). If the entry age of the policyholder is 45 years or more, then the minimum sum assured will be Higher of (7 X Annualised Premium) and (0.25 X Policy term X Annualised Premium)
    • For regular and limited pay policies:
      • If the entry age of the policyholder is between 0 and 39 years, then:
        • For less than 7 years’ premium payment term - the policy terms will be 10, 15, to 30 years
        • For either 7 years or more than 7 years’ premium payment term - the policy terms will be 10, 15, to 30 years
      • If the entry age of the policyholder is between 40 and 4 years, then:
        • For less than 7 years’ premium payment term - the policy terms will be 10, 15, to 25 years
        • For either 7 years or more than 7 years’ premium payment term - the policy terms will be 10, 15, to 25 years
      • If the entry age of the policyholder is between 45 and 51 years, then:
        • For less than 7 years’ premium payment term - the policy terms will be 10, 15, to 20 years
        • For either 7 years or more than 7 years’ premium payment term - the policy terms will be 10, 15, to 20 years
      • If the entry age of the policyholder is between 52 and 56 years, then:
        • For less than 7 years’ premium payment term - the policy term will be 10 years
        • For either 7 years or more than 7 years’ premium payment term - the policy term will be 10 years
    • For single pay policies:
      • If the entry age of the policyholder is between 0 and 24 years, then:
        • For Sum Assured Multiple of 1.25 times, the policy term will be 5 to 30 years and For Sum Assured Multiple of 10 times, the policy term will be 5 to 30 years
      • If the entry age of the policyholder is between 25 and 31 years, then:
        • For Sum Assured Multiple of 1.25 times, the policy term will be 5 to 30 years and For Sum Assured Multiple of 10 times, the policy term will be 5 to 20 years
      • If the entry age of the policyholder is between 32 and 37 years, then:
        • For Sum Assured Multiple of 1.25 times, the policy term will be 5 to 30 years and For Sum Assured Multiple of 10 times, the policy term will be 5 to 10 years
      • If the entry age of the policyholder is between 38 and 41 years, then:
        • For Sum Assured Multiple of 1.25 times, the policy term will be 5 to 30 years and For Sum Assured Multiple of 10 times, the policy term will be 5 years
      • If the entry age of the policyholder is between 42 and 75 years, then:
        • For Sum Assured Multiple of 1.25 times, the policy term will be 5 to 30 years
    ICICI Pru Guaranteed Wealth Protector
    • For single-premium single pay policies, the sum assured will be 1.25 X Single Premium
    • For five-year premium policies, the sum assured will be:
      • 10 × Annual Premium, if the age of the life assured is between 8 and 44 years
      • 7 or 10 × Annual Premium, if the age of the life assured is between 45 and 54 years
      • 7 × Annual Premium, if the age of the life assured is between 55 and 60 years
    • For single-premium policies, the policy term will be 10 years
    • For five-year policies, the policy term will be 10 years
    ICICI Pru Smart Life
    • If the entry age of the life assured is between 20 and 25 years, then the minimum sum assured will be Higher of (10 X Annual Premium) and (0.5 X Policy term X Annual Premium), and the maximum sum assured multiple will be 30
    • If the entry age of the life assured is between 26 and 30 years, then the minimum sum assured will be  Higher of (10 X Annual Premium) and (0.5 X Policy term X Annual Premium) and the maximum sum assured multiple will be 25
    • If the entry age of the life assured is between 31 and 35 years, then the minimum sum assured will be Higher of (10 X Annual Premium) and (0.5 X Policy term X Annual Premium) and the maximum sum assured multiple will be 15
    • If the entry age of the life assured is between 36 and 40 years, then the minimum sum assured for him/her will be Higher of (10 X Annual Premium) and (0.5 X Policy term X Annual Premium) and the maximum sum assured multiple will be 15
    • If the entry age of the life assured is between 41 and 44 years, then the minimum sum assured for him/her will be Higher of (10 X Annual Premium) and (0.5 X Policy term X Annual Premium) and the maximum sum assured multiple will be 15
    • If the entry age of the life assured is between 45 and 54 years, then the minimum sum assured for him/her will be Higher of (7 X Annual Premium) and (0.25 X Policy term X Annual Premium) and the maximum sum assured multiple will be 10  
    • Minimum policy term - 10 years
    • Maximum policy term - 25 years
    ICICI Prudential Smart Kid Solution
    • For regular pay policies:
      • If the entry age of the life assured is less than 45 years of age, then minimum sum assured for him/her will be Higher of (10 X Annual Premium) and (0.5 X Policy Term X Annual Premium) and maximum sum assured will depend on the respective multiples according to entry age of the life assured
      • If the entry age of the life assured is either 45 years or more than 45 years, then the minimum sum assured will be Higher of (7 X Annual Premium) and (0.25 X Policy Term X Annual Premium) and the maximum sum assured will depend on the respective multiples according to entry age of the life assured
    • For single pay policies:
      • If the entry age of the life assured is equal to 35 years or less than 35 years old, then the minimum sum assured for him/her will be 1.25 X Single Premium and the maximum sum assured will be 10 times that of the single premium
      • If the entry age of the life assured is more than 35 years old, then the minimum sum assured for him/her will be  1.25 X Single Premium and the maximum sum assured will be 1.25 times that of the single premium
    • For regular pay policies, the minimum policy term is 10 years and the maximum policy term is 25 years
    • For single pay policies, the policy term is 10 years

     

    ICICI Prudential Traditional Savings/Money Back Plans

    Type of the plan Basic sum assured Policy term
    ICICI Pru Cash Advantage
    • If the entry age of the life assured is less than 45 years old, then the sum assured on death multiple will be 10
    • If the entry age of the life assured is between 45 and 54 years, then the sum assured on death multiple will be either 7 or 10
    • If the entry age of the life assured is more than 54 years old, then the sum assured on death multiple will be 7
    The policy terms are 15, 17 years, and 20 years which will include PPT and the payout term
    ICICI Pru Savings Suraksha
    • If the entry age of the life assured is less than 45 years old, then the sum assured on death will be 10 times the annual premium
    • If the entry age of the life assured is between 45 and 54 years, then the sum assured on death will either be 10 times the annual premium or 7 times the annual premium
    • If the entry age of the life assured is more than 54 years, then the sum assured on death will be 7 times than the annual premium
     
    ICICI Pru Assured Savings Insurance Plan Sum assured on death of the life assured will be 10 times than the annual premium amount The policy terms available to individuals are 10, 12, and 12 years
    ICICI Pru Future Perfect
    • For premium payment term of 5 years, the minimum basic sum assured on death will be Rs.4 lakh
    • For a premium payment term of 7 years, the sum assured on death will be Rs.1.8 lakh
    • For a premium payment term of 10 years, the basic sum assured on death will be Rs.1.20 lakh
    • For a premium payment term of 15 years, the basic sum assured on death will be Rs.96,000
    • For a premium payment term of 20 years, the basic sum assured on death will be Rs.84,000
    • For premium payment term of 5 years, the policy terms are 10 to 15 years
    • For a premium payment term of 7 years, the policy terms are 12 to 17 years
    • For a premium payment term of 10 years, the policy terms are 15 to 20 years
    • For a premium payment term of 15 years, the policy terms are 20 to 25 years
    • For a premium payment term of 20 years, the policy terms offered are 25 to 30 years

     

    ICICI Prudential Retirement Plans

    Type of the plan Basic sum assured Policy term
    ICICI Pru Easy Retirement When the policy matures, or after vesting, the life assured will be qualified to receive the Fund Value or Assured Benefit, whichever is higher in worth Life assured may choose to opt for a policy with a policy term of 10, 15, 20, 25 or 30 years.
    ICICI Pru Immediate Annuity Does not provide sum assured at the end of the policy term. This plan, on the other hand, gives out monthly income upon payment of a purchase price. Policyholders have the option to receive the installments either on a monthly, quarterly, yearly, or half-yearly basis   The policy is essentially purchased to replace income after retirement, hence it does not have a defined policy term

    ICICI Prudential Group Plans

    Type of the plan Basic sum assured Policy term
    ICICI Pru Loan Protect The minimum sum assured provided under the plan is Rs.5 lakh
    • Minimum policy term - 5 years
    • Maximum policy term - 30 years
    ICICI Pru Loan Protect Plus Gives out a lump-sum amount to the family of the life assured in case of an unfortunate occurrence
    • If it is a reducing cover - one can choose to have a policy term of 5-20, 25 or 30 years
    • If it is a 5 or 7-year moratorium, one can choose to have a policy term of 8-20, 25 or 30 years

     

    ICICI Pru Group Term Plus:

    This plan provides financial cover to the members who are a part of the plan. In case of an unfortunate occurrence, the members’ loved ones are provided with lump-sum payments to tide over any financial losses. This plan is most commonly preferred by employers for their employees as it provides a Life Cover for the family members. Some of the benefits offered under the plan are:

    • Life cover without the need to submit medical test reports up to the free cover limit.
    • Coverage provided to the employees in case of an unfortunate occurrence.

     

    Group Gratuity Plan: This plan is suitable for employers as it gives them the opportunity to pay the gratuity amount to their employees and settle liabilities accordingly. The minimum entry age for an employee is 15 years under this plan, however, the maximum entry age must not exceed 85 years. ICICI Group Gratuity Plan offers a renewal policy on a yearly basis. This means that the policy undergoes auto-renewal on the anniversary.

    Group Superannuation Plan: With this plan, employers can choose to provide a pension or superannuation benefits to their employees. The employees are presented with the opportunity to grow their savings according to their individual risk appetite and the plan also provides them with a corpus when they retire.

    Group Leave Encashment: This plan takes care of the leave encashment liabilities of employers as it helps them build a savings pool that will ultimately pay out the leave encashment amounts to their respective employees. A flat cover of Rs.1,000 is provided to the employees under this plan. The minimum entry age for an employee is 15 years under this plan, however, the maximum entry age must not exceed 85 years.

    Group Immediate Annuity Plan: As the name suggests, this plan is suitable for employers who want to provide retirement benefits to their employees. With the help of this plan, an employer can provide pension benefits to his/her employees, to help them sail through the period of retirement swiftly, without any financial burden. The payouts given to the employees can be yearly, half-yearly, monthly or quarterly, depending on which mode the employer selects.

    ICICI Prudential Rural Plans

    Type of the plan Basic sum assured Policy term
    ICICI Pru Sarv Jana Suraksha
    • Minimum sum assured that can be opted for - Rs.5,000
    • Maximum sum assured that can be opted for - Rs.2 lakh
    For regular pay policies - policy term is 5 years
    ICICI Pru Anmol Bachat Upon death of the life assured, a sum assured is paid to his/her family to help them tide over financial losses
    • For single premium policies - the policy terms are 5 and 10 years
    • For a premium payment term (PPT) of 5 years, the policy term will be 10 years
    • For a PPT of 7 years, the policy term will be 10 years
    • For a PPT of 10 years, the policy term will be 10 years
    • For a PPT of 10 years, the life assured can also choose a policy term of 15 years
    ICICI Prudential Life Insurnance
    ICICI Prudential Life Insurnance
    ICICI Prudential Life Insurance Savings Suraksha

    News About ICICI Life Insurance

    • ICICI Have Three Years to Reach 25% Public Holding Norm

      ICICI Prudential Life Insurance and its promoters have 3 years to meet SEBI’s public holding norms, according to a report.

      ICICI Bank and Prudential Holdings’ shares in the company will be reduced following their IPO, with ICICI Bank holding 54% and Prudential holding 20%.

      The IPO, set for the 19th-22nd of September, 2016, will see the bank dilute 12.63% of its stake in the life insurance company.

      The ICICI CEO and MD, Ms. Chanda Kochhar, has stated that the bank’s long term plan is to divest some of its stake in the life insurance company. She further stated the bank is working towards achieving the new norms set out for IPO’s for insurance companies in 2015, with the life insurer now ready to be listed on the exchanges.

      16 September 2016

    • ICICI stakes sold to insurance firms

      Private sector ICICI Bank has sold stakes from its insurance ventures. ICICI Lombard, which is the general insurance arm, sold 9% of its stakes, while from ICICI Prudential 2% stakes amounting to around Rs 2,200 crore were sold. The transfers were completed on March 31, 2016.

      In a statement issued, ICICI Lombard General Insurance Company sold 9% of its shareholdings to Fairfax Financial Holdings, its joint venture partner. An additional 9% stakes, estimated to around Rs 1,550 crore, was acquired by Prem Watsa-run Fairfax Financial Holdings. Post this transaction, the company values at Rs 17,225 crore. The Fairfax holding in ICICI Lombard has gone up to 35%.

      ICICI Bank, in another stake transfer, sold ICICI Prudential Life Insurance Company’s 2% stake to Compassvale Investments Pte Ltd. Compassvale Investments is an indirectly wholly-owned subsidiary of Temasek, which is Singapore-based investment Company. ICICI Bank received Rs 650 after this stake transfer, valuing the company at Rs 32,500 crore.

      After the completion of stake transfer, ICICI Bank will have 68% of share holdings in both the insurance arms. The foreign joint venture partner, Prudential Plc, will maintain its current holding which is approximately 26%

      11 April 2016

    • ICICI Lombard to Settle 8.5 Lakh Claims This Financial Year

      A senior ICICI Lombard official said the insurer would settle 8.5 lakh motor insurance claims during 2016-17. Last year, the company settled 7.4 lakh claims in the segment.

      The number of claims are reported to have gone up especially after the floods in Tamil Nadu in November 2015. Claims under the non-life insurance in general is reported to be around Rs. 700 crore because of the Tamil Nadu floods, ICICI Lombard General Insurance Chief Underwriting, Claims and Reinsurance, Sanjay Datta told PTI.

      A majority of the claims that are likely to be settled in this fiscal fall under the own-damage category. ICICI Lombard gets around 45 per cent of its total premium collection from motor insurance.

      23 January 2016

    • FIPD to take call on 14 FDI proposals on January 14

      The Foreign Investment Promotion Board (FIPB) announced that it will take up 14 foreign investment proposals on January 14. The FDI proposals include ICICI Prudential Life Insurance, ICICI Lombard General Insurance Co., drugmaker CIPLA and Euronet Services India among others.

      The board, which recommends foreign investment proposals for government approval, is scheduled to meet next week for the first time in 2016. The panel, headed by Economic Affairs Secretary Shakikanta Das, had cleared four investment proposals worth Rs 1,810 crore at the last meeting on December 29 2015 and deferred the decision to increase foreign shareholding from 26 per cent to 49 percent on a further four investment proposals.

      14 January 2016

    • ICICI Prudential Life Insurance Company Launches 3 in 1 Product

      ICICI Pru iProtect Smart is a 3 in 1 product offered by ICICI Prudential Life Insurance Company Limited. This comprehensive product offers 3 benefits which is providing cover for critical and terminal illnesses, cover against death and cover against accidental death and disability.

      Although the product cannot replace the loss and devastation of the breadwinner of the family, it does provide financial security to the family through an insurance product which combines the cover for Life, Health and Accidents.

      Puneet Nanda, Executive Director of ICICI Prudential Life Insurance Company Limited says that earlier customers would have to purchase insurance covers for life, accidental death and critical illness separately but with the introduction of the iProtect Smart, customers can get the combined benefits in one single product at an affordable price.

      He also added that the product is not a typical term product and the customers have flexibility to increase the cover at pivotal milestones such as during times of marriage or when welcoming a new child and so on.

      21 December 2015

    • ICICI Prudential Life introduces iProtect Smart

      ICICI Prudential Life Insurance has launched ICICI Pru iProtect Smart - a single product that combines the benefits of life, health and accident insurance by offering cover against death, critical and terminal illness, accidental death and disability due to accident.

      Puneet Nanda, Executive Director, ICICI Prudential Life, stated that the iProtect Smart was introduced to help customers purchase a single product at an affordable price instead of purchasing separate insurance covers individually. Customers can also increase their cover at important points during their lifetime, like marriage, childbirth etc.

      The premium for critical illness cover remains the same throughout the policy term while there is also the option to avail of death benefits as monthly income over 10 years.

      20 December 2015

    • ICICI Bank ready to sell 6% of its stake in life insurance

      The board of directors of ICICI Bank has agreed to the sale of 6% of its stake in its life insurance subsidiary, ICICI Prudential Life Insurance Company. The price targeted for this sale has been set at Rs. 1,900 crore which puts the value of the company at about Rs. 32,500 crore. Of the proposed sale of the 6% shareholding, 4% will be sold to Premji Invest and the remaining 2% to Temasek, an investment company based out of Singapore, through its subsidiary Compassvale Investments Pvt Ltd. While the sale has been approved by the board of directors, it still awaits the seal of approval from the government.

      18 November 2015

    • ICICI Bank to sell ICICI Prudential Life Insurance stock to PremjiInvest and Compassvale Investments Pte Ltd.

      ICICI Bank Ltd said that its board of directors has approved the sale of its stake in its life insurance joint venture, ICICI Prudential Life Insurance. 4% stake is being taken over by PremjiInvest and its affiliate. 2% stake will be taken by Compassvale Investments Pte Ltd., which is a wholly-owned subsidiary of Temasek Holdings, Singapore. The value of the deal is said to be Rs.1,950 crore. After the takeover, ICICI Bank will hold 68% share of ICICI Prudential Life Insurance. The transaction is as per the government and regulatory approval. 9% share was taken over by Fairfax Financial Holdings for Rs.1,550 crore on 31st October, 2015.

      17 November 2015

    • ICICI bats for tech upgradation of services to beat competition

      ICICI Lombard is increasingly looking to offer solution-oriented products via greater use of technology as a business enabler to enhance customer satisfaction, opined Sanjay Datta, Chief, Underwriting, Reinsurance & Claim, ICICI Lombard GIC Ltd recently.

      Admitting that the general insurance sector in India continues to be under-penetrated, Datta said ICICI Lombard is increasingly focusing on providing innovative services based on customer needs and specific requirements. Also, simplification in terms of product delivery and model of distribution is important to attract and retain customers, he said.

      In a move to increase its product penetration, ICICI Lombard has been reaching out to its clientele via alternate distribution channels. ICICI Lombard is also extensively using analytics to map the changing preferences of customers, Datta added.

      27 August 2015

    • ICICI Pru Smart Life: A new savings product from ICICI Prudential Life Insurance Company

      ICICI Prudential Life Insurance Company Limited recently announced the launch of ICICI Pru Smart Life – a new savings product designed to offer financial protection to customers. ICICI Pru Smart Life offers a dual protection feature through its Smart Benefit which pays a lump sum amount to the nominee to take care of any unforeseen family liabilities, in case the policyholder dies. This feature helps family members of the policyholder to achieve their financial goals. When the policy term gets over, nominees receive the fund value.


      ICICI Pru Smart Life provides eight essential fund options which customers can choose from based on their needs. The product is designed to empower customers by helping them fulfill their financial goals. ICICI Pru Smart Life rewards customers over the long term by offering Loyalty Additions and Wealth Boosters. This can be used to achieve different financial goals like buying a home, funding children’s education or planning for peaceful retirement. On maturity, customers can receive the entire maturity benefit due as a lump-sum amount or in the form of structured payouts to meet their financial needs.

      13 March 2015

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    ICICI Prudential Life Insurance Reviews

  • Page 1 of 40 1 2 3 4 5
    • ICICI Prudential Life Insurance
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been holding my life insurance with ICICI prudential insurance, i have been applied this insurance recently, they cover good and i pay my premium from debit card and premium per year they charge me is 1500 rupees, there service is good and they use to update me if any new policy is add.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 16, 2018
    • ICICI Prudential Life Insurance
      "Average service"
      0.5 3.5/5 "Pretty good"
      I have been holding Term insurance with ICICI prudential insurance , i have been applied this insurance recently, i don't have much idea as about the benefits which they provide me and i pay premium per years 650 for 50 lakh policy and it automatically get debited from my account.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2018
    • ICICI Prudential Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the education policy which gives the coverage for my daughter. The maturity period of this policy till my daughter attain 20 years. I have been using from last 6-7 years. The premium i am paying for this policy is for yearly once through online.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 08, 2018
    • ICICI Prudential Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      The name of the policy that i am holding from the ICICI PRUDENTIAL is pension plan where it gives the coverage for me and my spouse. The maturity is for this policy is for 30 years. The premium that i pay for yearly once. Documentation part was done online.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 08, 2018
    • ICICI Prudential Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      Based on good policy benefits i have chosen Money back policy from ICICI PRUDENTIAL INSURANCE . They have explained the policy benefits and features . This policy has good benefits with goos coverage of 5 years . The premium amount is also too economy .
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 07, 2018
    • ICICI Prudential Life Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have take life insurance from ICICI PRUDENTIAL . Am satisfied with the premium amount which am making the payment This policy covers accidental and critical illness coverage . Their customer representative explained the policy very well before taking the policy . Overall its Best policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 06, 2018
    • ICICI Prudential Life Insurance
      "Worst Policy Provider. Dont Trust them"
      0.5 0.5/5 "Unacceptable"
      one of the unethical and non trusted brand. don't go with icici policy there are lots of hidden clause which these guys hide from you. please avoid going for icici pru policy. I have avail policy in month of January they have hide lots of bad things about policy.
      Was this review helpful? 6
      , pune
      Reviewed on Sep 17, 2018
    • ICICI Prudential Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the ICICI Prudential Insurance for a while. Their services are good. I am paying the premium regularly. So far there hasn't been any issues with their services so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Sep 11, 2018
    • ICICI Prudential Life Insurance
      "Good insurance policy"
      0.5 4.0/5 "Great!"
      I have taken the life insurance policy in icici , its been started before 1 year and they are good at the time of processing and given complete information, with good benefits, over all the service and the product also was fine with them so without any issue its going well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 27, 2018
    • ICICI Prudential Life Insurance
      "Good service"
      0.5 3.0/5 "Satisfactory"
      Icici prudential life insurance which is recently taken and for this also all the procedures and process were done from the agent itself with our connect, so even this was also a good and smooth process, where i did not face any difficulty to get them, thats good experience with icici.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 22, 2018
    • ICICI Prudential Life Insurance
      "Satisfied with the service"
      0.5 4.0/5 "Great!"
      My life insurance is with ICICI Prudential. The tenure is for ten years. The premium is of 2555 which is paid on a monthly basis. The deduction happens through ECS. The customer services are good. The sum assured and the plan benefits are good too.
      Was this review helpful? 1
      , dibrugarh
      Reviewed on Aug 11, 2018
    • ICICI Prudential Life Insurance
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this insurance policy almost seven years back and it had been a very good experience with them so far. The premiums had been paying online and the payment methods has been simple and i had been making the payments annually. The policy coverage and the plan benefits with the card also had been good as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 31, 2018
    • ICICI Prudential Life Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      It has been a very good experience with them and i had not made any claims till now. The insurance policy will cover all the metal parts and i had been paying the premium annually. I had been making the premiums directly and there has not been any issues faced so far.
      Was this review helpful? 1
      , noida
      Reviewed on Jul 29, 2018
    • ICICI Prudential Life Insurance
      "The Service needs Improvements"
      0.5 3.0/5 "Satisfactory"
      I've a life insurance policy with the ICICI Prudential. I am paying a premium of 25000 per year, the rate of interest is very low and so is the returns. The service certainly needs proper improvements considering the returns and interest rate.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jul 26, 2018
    • ICICI Prudential Life Insurance
      "Everyone should have this policy"
      0.5 5.0/5 "Blown Away!"
      I have taken this life insurance policy 13 years. They will provide the sum assured amount of 10 lakhs. Tax benefitable policy. There is a death coverage and accidental coverage is applicable. I used to pay the premium amount of Rs. 18000. I will do the payment through online. The policy will get matured in the year of 2025.
      Was this review helpful? 2
      , pune
      Reviewed on Jul 26, 2018
    • ICICI Prudential Life Insurance
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this insurance policy very long time back. The sum assured with them had been good and the premium i pay every month is around 3000 and i had been making the payments online. It has been a hassle free experience with them. Their customer support and the staff responses had been good so far.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 20, 2018
    • ICICI Prudential Life Insurance
      "Poor policy"
      0.5 2.0/5 "Expected more"
      I have taken life insurance from Icici Prudential from 2014 . I have choose the tenure period of 20 years . Am paying the premium amount of rs 60000. Am not satisfied with premium amount which is quiet high . Its an average policy i don't recommend. Where i cant able to pre close policy.
      Was this review helpful? 3
      , greater noida
      Reviewed on Jul 10, 2018
    • ICICI Prudential Life Insurance
      "Promising Features"
      0.5 4.0/5 "Great!"
      I've a life insurance policy with the ICICI Prudential and I pay a premium of 4000 Per year.. There is no limit for the claim amount. It offers 10 Lac coverage for cardiac and cancer treatment as well . Considering the features and the low premium it is a promising policy to have.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 02, 2018
    • ICICI Prudential Life Insurance
      "Better"
      0.5 3.5/5 "Pretty good"
      I am having the life insurance policy with the ICICI prudential life insurance company. I would like to say that the response is good one for me with them and there are no issues with the ICICI prudential life insurance company as such.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 29, 2018
    • ICICI Prudential Life Insurance
      "Best"
      0.5 3.0/5 "Satisfactory"
      I have taken the ICICI prudential life insurance company and the customer service is okay one for me with them. I would like to say that the response is also good one with the ICICI prudential life insurance company.
      Was this review helpful? 0
      , hubli
      Reviewed on Jun 28, 2018
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