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ICICI Prudential Life Children Plans

 4.0 / 5.0   by 807 users
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

Responsiveness

ICICI Prudential Life is a customer-oriented establishment which specialises in providing protection and savings products on a long-term basis to its investors. The multiple financial products are offered based on the variety of life stage requirements of customers. ICICI Prudential Life has offers multiple initiatives generating cost-effective instruments, first-rate services, and hassle-free claim settlements to their customers.

ICICI Prudential Life offers multiple investment options ranging from term life insurance plans and savings plans to retirement plans, unit-linked insurance plans, rural plans, group plans, and children-specific plans.

Child Education Insurance Plans

As the name suggests, child education insurance plans essentially provide the elements of savings and protection in order to secure one’s children’s future. The plans falling under this category fundamentally help parents save a portion of their income for their children’s education and other important necessities.

ICICI Pru Smart Life

This plan specialises in securing a child’s future even during a time when the parents might not be around. When a parent has decided to spend his/her hard-earned money on providing the best education for his/her children, how does he/she ensure that the child continues their education during an unfortunate event? With ICICI Pru Smart Life one can easily ensure that one’s family continues to receive all the facilities on a long-term basis.

Following are a few reasons why ICICI Pru Smart Life is a reasonable plan to secure your child’s future:

  • The plan invests in debt and equity funds on a long-term basis thereby generating higher returns for its investors along with the opportunity to grow one’s savings. The combination that ICICI Pru Smart Life offers basically helps investors get through testing times like inflation while still being capable of protecting their investments.
  • The plan offers two strategies/modes that people can choose from. Either they can choose to manage their investments on their own by means of the Fixed Portfolio Strategy wherein the investor can gauge his/her risk appetite and invest in debt and equity funds accordingly. The other strategy known as the Life-Cycle Based Portfolio Strategy essentially involves fund experts (of ICICI Prudential Life) managing investors’ investments strategically in order to create a ideal harmony between debt and equity funds. This is also dependent on the age of the investor.
  • ICICI Pru Smart Life is well-known for being able to offer protection to its investors. In case of an unforeseen event, the plan gives a lump sum payout to the family of the investor. This amount is important as it helps the family get through difficult times by minimising the financial burden.
  • To enhance one’s existing investments and provide rewards to long-term customers, ICICI Prudential Life offers the component of ‘Loyalty Additions’ which assists in wealth creation without the investor having to spend anything from his/her pocket.
  • The organisation is also known for adding ‘Wealth Boosters’ to the savings of investors. This feature does not require any additional investment from the investor’s pocket.
  • Depending on the financial requirements of the investor, he/she will be authorised to withdraw a portion of the money from their savings. However, this can be accomplished only once the policy has been in existence for at least six years.
  • With the ICICI Pru Smart Life plan, one can easily lessen their taxable income by making investments upto Rs.1.5 lakh under Section 80C of the Income Tax Act, 1961. The shift of investment from debt to equity and vice versa will also not attract any tax.

ICICI Pru Future Perfect Plan

This plan incorporates the elements of both savings and insurance to provide its investor guaranteed benefits coupled with additional bonus. This plan is considered to be one of the most cost-effective investment options to secure one’s child’s future. The returns generated under this plan are higher and one can easily secure the future of one’s child through financial protection from a life cover.

What are the Plan’s Benefits?

The plan offers the following benefits:

  • ICICI Pru Future Perfect offers two guaranteed features under its head - Guaranteed Additions & Guaranteed Maturity Benefit, which not only help in capital growth but also help protect one's investments.
  • There are bonuses (reversionary bonuses, interim bonus, and terminal bonus) offered under ICICI Pru Future Perfect. These bonus amounts help enhance one’s investment by helping it grow further.
  • The payment of premiums under this plan along with maturity proceeds is tax free as per sections 80C and 10(10D) of the Income Tax Act, 1961, respectively.
  • The plan offers a loan facility which means any investor will be qualified to get a loan which will be upto 80% of the plan’s surrender value.
  • While offering protection to its investors, ICICI Pru Future Perfect also guarantees a lump sum payment to the family of the investor in case of an unforeseen event.

The Claims Procedure:

Claim settlement by ICICI Prudential is done in three simple steps:

  • The investor must first report the claim. This can be accomplished either online or by physically visiting any ICICI Prudential branch.
  • ICICI has a designated team for handling claims. They assess the claims request and inform the investor in case of any discrepancy or any extra document required.
  • Once all the documents are submitted, the claim amount is released by ICICI Prudential Life.

Before investing in any of the plans mentioned above, it is advisable to read the terms and conditions pertaining to the same.

ICICI Prudential Life Children Plans Reviews

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  • 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? 1
    , 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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