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  • ICICI Prudential Retirement Plans

     4.0 / 5.0   by 807 users
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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Responsiveness

    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. ICICI Prudential has plans especially for the purpose of retirement.

    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 insurance company 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 retirement plan 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 insurance covers. 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

    ICICI Prudential Retirement Plans Reviews

  • Page 1 of 41 1 2 3 4 5
    • ICICI Prudential Life Insurance
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance from ICICI Prudential. It is a cash back policy and the policy coverage and the plan benefits are fine and satisfactory. The payment options are also fine as I can pay my premium with ease online. The customer support is supportive.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 11, 2018
    • ICICI Prudential Life Insurance
      "Good policy for life"
      0.5 5.0/5 "Blown Away!"
      Through mobile I came to know about the ICICI prudential life insurance, for the coverage of Rs. 1 lakh, I paid the premium of Rs.20 it has accidental cover and critical illness cover but there is no medical cover. The Policy documentation process is easy.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Dec 10, 2018
    • ICICI Prudential Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken a term plan with ICICI preudential from last 2 years, i pay a premium of Rs 525 every month for this insurance policy and i am convenient with the payment options. Customer service was good and they explained every detail of this policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 10, 2018
    • ICICI Prudential Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance with ICICI Prudential and I need to pay a premium till the age of 60 and it has a coverage till the age of 65 to 66. The policy coverage is for 50 lakhs and if anything external happens to the policy holder another 50 lakhs is provided to the family. The premium is economical, it is of 897 which goes through on a ECS basis.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 05, 2018
    • ICICI Prudential Life Insurance
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      My experience with the life insurance policy from the ICICI PRUDENTIAL and it is a annual term plan policy. The maturity period of this policy is for 10 years where i am paying my premium of r yearly once for this policy. The process of getting the policy is good.
      Was this review helpful? 1
      , jaipur
      Reviewed on Nov 27, 2018
    • ICICI Prudential Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my life insurance with ICICI prudential , i have been taken two policy through icici , the premium they have charged me was nominal, and premium amount for one policy they are charging up to yearly basis, and for another policy on half yearly basis, overall service is good.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 25, 2018
    • ICICI Prudential Life Insurance
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have applied for the life insurance which is TERM PLAN with the ICICI PRUDENTIAL. The process of getting and also applying the life insurance is simple process with this ICICI. The service is very good also i am satisfactory with this loan.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 24, 2018
    • ICICI Prudential Life Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a Term insurance policy from the ICICI Prudential . The premium gets auto debited from the account. I Don't have to worry about the due date because ECS makes life so much easier. Their services also needs improvements. They need to raise their standards and provide quality support all the customers.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 21, 2018
    • ICICI Prudential Life Insurance
      "Bad service"
      0.5 2.0/5 "Expected more"
      I have been holding my health insurance with ICICI BANK , there service is not up to the mark, they dont keep there words they said that my policy coverage was up to 10,00,000 but i check it it was just for 3,00,000 only and even what is benefit in this health insurance they have not explained me and i do not have idea how much hospital they have tie up.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 16, 2018
    • ICICI Prudential Life Insurance
      "Good for Investment"
      0.5 5.0/5 "Blown Away!"
      I generally pay Rs.30,000 per annual year for the life insurance. The plan which I taken with ICICI Prudential is called money back. Every yearly I get the bonus amount from the coverage value. After completion of tenure period I get the entire benefits.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Nov 02, 2018
    • ICICI Prudential Life Insurance
      "Good For investment Purpose"
      0.5 5.0/5 "Blown Away!"
      I invested on Well builder plan its ULIP cum life insurance with ICICI prudential. Really the plan is amazing, as of now I just keep paying the premium then I get the return after five years based on the market price. Now the growth is fine, the bank invested 65% of amount in equity and remaining on govt security, total term of the policy for 10 years then I get the policy cover around Rs. 20 lakhs.
      Was this review helpful? 1
      , delhi
      Reviewed on Nov 01, 2018
    • ICICI Prudential Life Insurance
      "Good For investment Purpose"
      0.5 5.0/5 "Blown Away!"
      I just making premium I don't know how its going to work out in term plan, if I go out of the world my parents will get the life cover of Rs. 40 lakhs. But I get some bonus amount every five years, its insurance cums ULIP plan. I used to make the payment through standing instruction.
      Was this review helpful? 0
      , delhi
      Reviewed on Nov 01, 2018
    • ICICI Prudential Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I am having a life insurance policy with ICICI prudential from last 3 years, i pay an annual premium of Rs 1 lac for this insurance policy. The name of the policy is Guaranteed Wealth Process Plan. I am not sure about the returns but the maturity period is after 10 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 01, 2018
    • ICICI Prudential Life Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have take life insurance from Icici Prudential life insurance which has good returns , This coverage also covers accidental and critical illness coverage . I make the payment yearly through online This policy coverage is for life time had to renew yearly . I used to get income tax benefits. Their customer service explained well about the policy.
      Was this review helpful? 0
      , greater noida
      Reviewed on Nov 01, 2018
    • 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? 3
      , 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? 1
      , 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? 2
      , 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
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