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ICICI Prudential Retirement Plans

Everybody works with the intention of having a comfortable life, not just in their youth but also in their golden years. After working hard for the sake of themselves and their family, individuals would look forward to enjoying their retirement phase without worrying about the money. In order to do so they need to secure their finances. In times of economic uncertainty, it is all the more important for everyone to ensure that their financial future is secure. Procuring life insurance is one way through which this can be done.

Why ICICI Prudential?

Prudential plc, which is one of the international leaders in finance and ICICI Bank Ltd which is the largest bank in India, in the private sector have come together to form an with the goal to provide a wide range of fantastic policies for clients. The company began its operations in the year 200 and since then, has emerged as the leader amongst all private life insurance companies in India . A premium of Rs. 153 billion was garnered by the company as of 2015 (the financial year). A number of policies are available for almost all needs and requirements, making this venture very versatile and sought after.

  1. ICICI Pru Easy Retirement

    Based on the risk requirement of the customer, they can increase their corpus for retirement and can also protect their investment through a guaranteed benefit. This policy also allows customers to enhance their corpus through pension ‘boosters’.

    Benefits

    1. Policyholders have the option of paying their premiums over a period of 5 years, 10 years or even throughout the tenure of the policy.
    2. Additional amounts can be invested in the policy through ‘top ups’.
    3. During retirement, the insured can choose between the annuity choices that are available based on their needs and requirements.
    4. Tax benefits are applicable on this policy.
    5. Customers will receive the fund value or benefit that is assured, whichever amount is higher, on maturity.
    6. In case of untimely demise of the insured, the nominee will receive either the fund value or assured death benefit, whichever amount is higher.
  2. ICICI Pru Immediate Annuity

    Through the Immediate Annuity option, customers not only receive an assured income but also receive other options that can be customized to suit their requirements.

    Benefits

    1. Customers can either choose life annuity or annuity for life with the return of the purchase price to the nominee upon death of the insured.
    2. Customers can pay for the same in one lump sum amount.

Example

Raj purchased a at the age of 50 and his income was Rs. 5 lakhs per annum. He invested Rs. 5417 per month and on maturity after ten years, he received a corpus of Rs. 7,02,692 with assumed rate at 4 percent.

Tips

Almost everybody today procures . With a plethora of options available for customers, they must ensure that proper research is conducted before opting for a particular policy. The reputation of the company, claim settlement ratio, location all play important factors. In addition to this, customers must also a choose a plan that is suited to their financial needs and not the just the benefits of a particular policy.

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

Responsiveness

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ICICI Prudential Retirement Plans Reviews

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  • 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
  • ICICI Prudential
    ICICI Prudential Life Insurance
    "Secure life with a term policy"
    0.5 4.0/5 "Great!"
    Bought my term plan from ICICI Prudential and i have closed the fore-closed policy from ICICI prudential which is a pension policy and wealth plus hence i have chosen the term plan. It was a ULIP plan earlier. In this ICICI terms, critical illness also covered. I am satisfied with the coverage value. I need to keep a balance in my account when they are taking a premium.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 27, 2019
  • ICICI Prudential Life Insurance
    "Not recommendable policy"
    0.5 2.0/5 "Expected more"
    The money which i invested its not in a growth mode hence i won't recommend the Life insurance policy from ICICI Prudential. That time I was an agent for ICICI thats the reason, i have taken this policy. I am paying the premium amount of RS. 14000 in a yearly basis. Total sum assured amount is Rs. 2 to 5 lakhs. No one has contacted me from ICICI. This is a market based policy.
    Was this review helpful? 1
    , mumbai
    Reviewed on Aug 27, 2019
  • ICICI Prudential Life Insurance
    "No experience with the policy"
    0.5 3.5/5 "Pretty good"
    My company has provided me a life insurance policy from ICICI Prudential. This policy covers for death cover and life cover. I didn't get a chance to speak with call the customer care. They have provided me a coverage value of Rs. 25 lakhs. The premium amount is taken by corporate people.
    Was this review helpful? 0
    , noida
    Reviewed on Aug 20, 2019
  • ICICI Prudential Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken life insurance with ICICI PRUDENTIAL on 4 years before which was taken for 10 years but after that can also continue for this policy. It covers for my whole family members for this insurance. I use to do payment through an online. I am paying premium in the yearly package.
    Was this review helpful? 0
    , new delhi
    Reviewed on Aug 17, 2019
  • ICICI Prudential Life Insurance
    "Good plan"
    0.5 3.0/5 "Satisfactory"
    I have a life insurance with ICICI prudential and there is no specific parameter for taking this policy. It was taken for the tax benefits. The benefits are okay. I am getting good rate of returns and the policy period is 7 years but I need to pay the premium for only 4 years. I am charging monthly around 3,700 rupees through online.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 13, 2019
  • ICICI Prudential Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have life cover with ICICI Prudential which was taken on 5 years before.The policy is for 10 years. I used to make the premium on a yearly basis. I use to payment through an online. An agent has given all the details about the policy and given documents as well.
    Was this review helpful? 0
    , bangalore
    Reviewed on Aug 12, 2019
  • ICICI Prudential Life Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I have my term policy with ICICI Prudential. They need to improve the benefits and not providing the suggestion for the customer to avail a better policy. I have been paying the premium for more than one year and need to pay 2more years. The payment mode is online and its good.
    Was this review helpful? 0
    , bhilai
    Reviewed on Aug 06, 2019
  • ICICI Prudential Life Insurance
    "Helpful policy "
    0.5 4.5/5 "Excellent!"
    I also recommend this term insurance to my friendly. Based on the claim ratio, i have taken the policy from ICICI Prudential. Their claim settlement ratio is 95% and above. This policy cover upto 60 years of my age and 6 years ago, i bought the policy. The sum assured amount is Rs. 1 Crore
    Was this review helpful? 0
    , hyderabad
    Reviewed on Aug 04, 2019
  • ICICI Prudential Life Insurance
    "Good for future savings"
    0.5 5.0/5 "Blown Away!"
    I have life cover with ICICI Prudential, I used to make the premium around Rs. 5000 per annum it has the tenure period around three years. After that I will be getting some sum assured and bonus interest. Each and every payment I used to make through I mobile.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 31, 2019
  • ICICI Prudential Life Insurance
    "Satisfactory"
    0.5 4.0/5 "Great!"
    I have ICICI prudential term plan, the premium amount is around Rs. 6500 per annum it has some certain tenure period . It covers upto 75 years, sum assured is good. They have good claim settlement ratio. I got the policy copy on time, it has critical illness cover too.
    Was this review helpful? 1
    , mumbai
    Reviewed on Jul 27, 2019
  • ICICI Prudential Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    ENDOWMENT PLAN i have taken with the ICICI PRUDENTIAL and i am using from last 2011, the maturity period is for 15years, the premium paying for yearly once the policy coverage is for self with the policy. I have paid the premium for 7 years with the plan.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 26, 2019
  • ICICI Prudential Life Insurance
    "Better"
    0.5 4.5/5 "Excellent!"
    I had taken a Term Insurance with ICICI Prudential of their benefits and its been 2years. I have paid 14K yearly through online. The customer support is good, I have enable auto debit option for payment which is convenient. They have given me disability clause normally others are not providing but for this ICICI is charging higher premium.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 25, 2019
  • ICICI Prudential Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have purchased my term insurance with ICICI Prudential before 3 years ago because of their customer service. I wanted to topup of my product but they don't know about the policy and they are suggesting me to go with separate policy. Its annual premium and it comes around 15K through online.
    Was this review helpful? 1
    , pune
    Reviewed on Jul 24, 2019
  • ICICI Prudential Life Insurance
    "Good one"
    0.5 4.0/5 "Great!"
    It was giving a good returns from my ICICI prudential. I have paid the premium amount of Rs. 2 lakhs per year. The total term period of the policy is 10 years and the sum assured is Rs. 20 lakhs. I get the money double in returns. This is a tax benefitable policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 20, 2019
  • ICICI Prudential Life Insurance
    "Good Term policy with less benefits"
    0.5 4.0/5 "Great!"
    ICICI people have approached me hence i bought the life insurance policy with them. Every year i pay the premium amount of Rs. 15000 for the sum assured amount of Rs. 50 lakhs. This is a term insurance policy. It will cover upto 75 years of my age. In the documents, there is not mentioned about the partial disability and medical illness.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 16, 2019
  • ICICI Prudential Life Insurance
    "Nneed to be reduce premium amount"
    0.5 4.0/5 "Great!"
    I have taken a term insurance in ICICI PRUDENTIAL on one year before. The policy is for 65 years but I have taken for 32 years. I am paying premium in the monthly package and the amount is high. While getting a policy I came to know about an information about the policy details through an online.I use to do payment through an online.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 15, 2019
  • ICICI Prudential Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am using the life insurance policy with ICICI PRUDENTIAL since from last 1.5 years, the premium i am paying for monthly once, maturity period of the policy is for 15 years, policy coverage is for family, premium period was 10 years latter after 15 years sum assured will be given.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 12, 2019
  • ICICI Prudential Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the term plan with ICICI PRUDENTIAL where i am using it since from last few years and the premium paying for yearly once added on that there are good returns available with the policy, it gives the self coverage with the policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 09, 2019
  • ICICI Prudential Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have taken a TERM PLAN with ICICI PRUDENTIAL, the maturity period of the policy is for 15 years where the rprem9um have to paid for 10 years and 5 years it gets matured. I got the hard copy also soft copy regarding the policy. The policy has the good returns, it can be converted as pension.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 30, 2019
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