ICICI Prudential Money Back Plans

Procuring insurance is one of the most important things to take off of that financial to-do list. Having a safety blanket on a person’s finances is highly imperative especially in today’s times of financial uncertainty. No matter how old a person gets, having money is one of the most important necessities as without money, the basic necessities cannot be procured. Availing an insurance can be daunting due to the sheer number of choices, however ICICI has some of the best choices for those looking to avail life insurance covers.

Why ICICI Prudential?

A joint venture between Prudential plc which is a leading financial group and ICICI Bank Ltd,. which is the largest bank in India in the private sector, ICICI Prudential life is one of the first insurance companies in the private sector. It comes with the reputation of both companies and an excellent record. A number of services are offered with many types of insurance products to suit every customer’s requirements.

  1. ICICI Pru Cash Advantage

    This is a protection and savings oriented plan offering an assured amount for ten years along with other bonuses and a assured lump sum as a maturity benefit.

    Benefits

    1. The payout tenure begins immediately after the term for premium payment.
    2. Cash benefit equal to 1 percent of the assured maturity benefit throughout the complete payout tenure of ten years is provided.
    3. Customers can procure life cover for the entire tenure of policy.
    4. Insured can pay premiums for either five or seven or ten years.
    5. In case of untimely death of policyholder, the nominee will receive a maximum of guaranteed maturity benefit along with bonuses if any, minimum death benefit amount and the assured sum along with bonuses, if any.
  2. ICICI Pru Savings Suraksha

    , customers have the flexibility to choose an option for the payment of their premium based on their financial convenience. Premiums can either be paid for limited amount of time or for the entire duration of policy.

    Benefits

    1. In case of untimely death of the policyholder, the nominee will be paid the assured sum along with bonuses and assured additions along with assured maturity benefit and accrued benefits and assured additions, if any and the minimum death benefit.
    2. Customer will also receive a maturity benefit.
    3. Assured additions that total up to 5 percent of assured maturity benefit every year will accrue during the initial five years of policy, assuming all premiums are paid.

Example

Anil, 35 year old male opted for the Savings Suraksha policy. He chose a premium payment term of ten years and a policy tenure of 20 years. He paid an annual premium of Rs. 50,000. Upon maturity, he received a bonus of Rs. 5,05,561.

Tips

While procuring an , customers need to look into a lot of factors, such as the affordability of the products, its benefits, how suitable the product is to their financial requirements and so on. Other factors that need to be considered are the reputation, the claim settlement ratio of the company, among others. Therefore customers are advised to research and review their options before settling for a suitable one.

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

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Plan Benefits

Payment Options

Policy Coverage

Customer Service

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ICICI Prudential Money Back Plans Reviews

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  • ICICI Prudential Life Insurance
    "Good Insurance policy"
    0.5 5.0/5 "Blown Away!"
    Taken my term insurance from ICICI Prudential. When i purchased this policy i was 32 years old then i checked with different company but compared to other company, they are providing higher sum assured amount at the time of death and disability cover. When they processing the policy, it was very simple process. I didn't see any kind of fraudulent activity since everything went digital. I have been paying the premium amount of Rs. 587 per month. They have provided me a coverage value of Rs. 55 lakhs.
    Was this review helpful? 0
    , karnal
    Reviewed on Dec 31, 2019
  • ICICI Prudential
    ICICI Prudential Life Insurance
    "ICICI cheats. Worst wealth builder policy. Amount reduced"
    0.5 0.5/5 "Unacceptable"
    I have been cheated through wealth builder policy. 1. I was told policy is flexible and funds manager will provide you guaranteed returns but after buying. nobody was assigned and funds depriciate and on asking it told we never promised that. So i wanted the money back. They told keep it for 5 years so that no charges would be levied onto it. 2. After 5 years of lock-in, now they again say, no no we will deduct amount..policy charge..crap charges...will reduce my original funds value and I would an amount less than what I had started 5 years back. Which policy does this to you. 3. the customer care No.1860 266 7766 never works. You have to communicate through email
    Was this review helpful? 2
    , bangalore
    Reviewed on Dec 26, 2019
  • ICICI Prudential Life Insurance
    "Good Plan"
    0.5 4.0/5 "Great!"
    I have taken my term insurance from ICICI prudential. I have trusted this bank because its a top most high, that is the reason i have chosen them. I'm happy about the claim ratio. I'm satisfied with the sum assured amount. I have chosen the annual payment mode after 1 year, i will change the payment mode on a monthly basis.
    Was this review helpful? 1
    , rajahmundry
    Reviewed on Dec 05, 2019
  • ICICI Prudential Life Insurance
    "Not that much good Policy"
    0.5 1.0/5 "Really Bad"
    I took my life insurance policy from ICICI prudential and the agent cheated by saying the benefits. In this plan, i need to pay for 7 years with the amount of Rs. 50000. Once i paid the money, there is a lock in period of 8 years but the interest rates are getting less and i feel like end of the term i won't get any additional benefit.
    Was this review helpful? 2
    , tirupur
    Reviewed on Nov 26, 2019
  • ICICI Prudential Life Insurance
    "Not worthy"
    0.5 1.0/5 "Really Bad"
    Earlier i was having a life insurance policy from ICICI Prudential. Agent were explained me about the policy details. They said my money will get doubled after 5 years hence i have paid the premium amount of Rs. 25000 annually for 3 years and there is a lock in period for 2 years. Once i went to withdraw the policy i got Rs. 1000 extra.
    Was this review helpful? 2
    , tiruchirapalli
    Reviewed on Nov 25, 2019
  • ICICI Prudential Life Insurance
    "Good insurer"
    0.5 4.5/5 "Excellent!"
    I have taken term insurance with ICICI PRUDENTIAL on 4 years before. They have updated same policy so I discontinued old one and opened new policy. It is a term policy with tenure period of 30 years. I use to pay premium amount on annual basis of 18K. Agent has provided all the details and I received soft copy. One drawback with this insurer is their rates are high.
    Was this review helpful? 1
    , bangalore
    Reviewed on Nov 12, 2019
  • ICICI Prudential Life Insurance
    "Average Service"
    0.5 3.0/5 "Satisfactory"
    Taken my life insurance policy from ICICI Prudential one of my friend has recommended me about this policy. It was a systematic investment plan. I have paid the premium amount of Rs. 1,500 on every month. Total term period of policy is 3 years.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 08, 2019
  • ICICI Prudential Life Insurance
    "Daring policy"
    0.5 4.0/5 "Great!"
    My life insurance was taken from ICICI Prudential. I have a kid so that i have thought of investing them . ICICI people have suggested me a good product based on my investment amount. If i invest of Rs. 1 lakh per year for the payment of 6 years and the next 15 years, i don't need to pay any money after 21 years, i get some lumpsum sum assured amount. They are providing the life insurance policy worth of Rs. 10 lakhs for myself. They will give some ULIP when i pay the premium. Its a market based policy.
    Was this review helpful? 0
    , nellore
    Reviewed on Nov 07, 2019
  • ICICI Prudential Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    On 5 years before I have taken a life insurance from ICICI PRUDENTIAL. The policy is for 15 years. I am paying premium in the annual package the amount of 13 thousands which is nominal. It is a retirement policy for the amount of 15 lakhs. While getting a policy my agent has given an information about the policy details. It covers my whole family.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 31, 2019
  • ICICI Prudential Life Insurance
    "Good "
    0.5 4.0/5 "Great!"
    I took term insurance policy with ICICI PRUDENTIAL on one year before , they have given clear details about benefits and are good. The agent has given hard copy documents on time. My premium is paying through credit card on monthly basis for 14 thousands. The tenure period for 20 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 24, 2019
  • ICICI Prudential Life Insurance
    "Average"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in ICICI PRUDENTIAL on 6 months before. The policy is for 15 years. Now I am paying premium for 25 thousands rupees. While getting a policy my agent has given an information about the policy details, however there are some charges applicable.
    Was this review helpful? 0
    , saharsa
    Reviewed on Oct 14, 2019
  • ICICI Prudential Life Insurance
    "Better"
    0.5 3.0/5 "Satisfactory"
    My term insurance is with ICICI Prudential because of the good benefits. The tenure is 2years, if Incase any demise happened then nominee would be getting 2L from the insurer. I am paying monthly Rs.258 through ECS. The customer service is not up to the mark.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 10, 2019
  • ICICI Prudential Life Insurance
    "Better Policy"
    0.5 5.0/5 "Blown Away!"
    ICICI prudential is providing me a best policy so i have taken them. Its ULIP (Unit Linked Insurance Policy) policy. I am paying the premium amount of Rs. 30000 every year. I pay the sum assured amount of Rs. 2.10 lakhs. I used to pay the premium through online.
    Was this review helpful? 0
    , dibrugarh
    Reviewed on Oct 04, 2019
  • ICICI Prudential Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    ICICI Prudential premium was less for my life insurance so i chosen. I am holding the policy for past 3 years and they are providing me a satisfactory coverage amount. This is a term policy. Its covers with the accidental cover and disability cover.
    Was this review helpful? 0
    , pune
    Reviewed on Oct 03, 2019
  • ICICI Prudential Life Insurance
    "Good policy"
    0.5 4.5/5 "Excellent!"
    My husband is working in ICICI Prudential so have taken 2life insurance policy. They are giving better benefits than others. I am not sure about the tenure details and premium because it has been dealt by husband. The payment mode is online.
    Was this review helpful? 0
    , thiruvananthapuram
    Reviewed on Sep 29, 2019
  • ICICI Prudential Life Insurance
    "Happy with the benefits"
    0.5 5.0/5 "Blown Away!"
    I have taken an accidental policy with ICICI prudential. They have insured me 1crore and the premium is very low which am happy. I have taken the policy last year and got the insurance paper on time. They are offering information time to time and the response was very nice.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 24, 2019
  • ICICI Prudential Life Insurance
    "Benefits need to be increased"
    0.5 3.5/5 "Pretty good"
    From ICICI Prudential I took term plan it has the premium Rs. 511 per month, if there is any accident at the time the family member get Rs. 10 lakhs of coverage. They gave me the acknowledge from their end but response is lacking and I feel its not good plan which has other benefits after the maturity.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 22, 2019
  • ICICI Prudential Life Insurance
    "Good policy "
    0.5 4.0/5 "Great!"
    I want to all the financial portfolio to be with ICICI hence i am using all the services through ICICI so i took the term insurance policy from ICICI prudential. I am paying the premium amount of Rs. 10000 every year and this policy has coverage value of Rs. 50 lakhs. This covers upto 75 years of my age.
    Was this review helpful? 0
    , new delhi
    Reviewed on Sep 19, 2019
  • ICICI Prudential Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I am having a good relationship with ICICI BANK so I have taken life plan from ICICI Prudential. I need to pay the premium for 7 years and the maturity is 10 years. I am paying monthly 5K through auto debit and am not sure about the benefits. I got the insurance paper.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 17, 2019
  • ICICI Prudential Life Insurance
    "Very Good Policy"
    0.5 5.0/5 "Blown Away!"
    My company has provided me a life insurance policy from ICICI Prudential. Its a life insurance policy which gives for the customer who takes the loan. This policy has a coverage value of Rs. 10 lakhs. I'm paying the premium amount of Rs. 5000 and i have chosen the annual payment mode.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 10, 2019
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