Our Verdict
ICICI Prudential Life Insurance offers diverse plans, including term, savings, investment, and retirement options. Key features include a waiver of premium on terminal illness and disability, an accelerated payout for terminal illness, and a whole life cover option up to 99 years. A critical illness rider covers up to 34 illnesses, and premium discounts are available for female policyholders. With a strong digital platform and a high claim settlement ratio, it ensures convenience and reliability for long-term financial security.
Pros
Trusted Brand Reputation
Backed by ICICI Bank and Prudential’s global expertise.
Flexible Premium Payments
Multiple payment modes to suit customer preferences.
Digital Tools and Services
Easy online policy purchase and management options.
Pros
Cons
Surrender Penalties
High charges for early withdrawals or discontinuation of policies.
Limited Customization Options
Some plans may lack flexibility for coverage enhancements.
Delay in grievance redressal
Occasional delays in claim processing and grievance redressal.
Cons
Company Stats
Industry Avg.
ICICI Prudential Life Insurance
Premium Underwritten
Industry Avg.
ICICI Prudential Life Insurance
Solvency Ratio
Rating 6.6/10
About the Company
ICICI Prudential Life Insurance is one of India’s leading life insurance companies, established in 2001 as a joint venture between ICICI Bank, a trusted name in banking and financial services, and Prudential Corporation Holdings Limited, a global financial services leader. One of their most popular offerings is the iProtect Smart Term Plan, which provides comprehensive life coverage with additional benefits like critical illness protection, accidental death cover, and premium waiver options.
With a strong claim settlement ratio, digital tools for easy policy management, and a focus on reliability, ICICI Prudential Life Insurance continues to empower customers to secure their future and achieve their financial goals confidently. With a strong claim settlement ratio, digital tools for easy policy management, and a focus on reliability, ICICI Prudential Life Insurance continues to empower customers to secure their future and achieve their financial goals confidently.
The managing director and CEO of this esteemed organization is Mr Anup Bagchi.
KYC Documents Required
Pan Card No.
Aadhar Card
Recent Photograph
Cancelled Cheque with Name Printed
Bank Statements
Salary Slip of Latest 3 Months
Covid Vaccination
Claim Settlement
Claim Procedure
Renewal
Online Renewal
Offline Renewal
Key points to remember during Renewals
Customer Support
Talk to an OneAssure Insurance Expert for FREE.
Toll Free - 1800 2660,
E-mail - claimsupport@iciciprulife.com
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