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NEW
Get 100% GUARANTEED^, Tax-free* income + life cover+ for your long-term goals
Invest Now^*+Conditions apply W/II/1540/2022-23
Buy online & get up to 2% additional income~
NEW
Superior protection at every life stage with life cover1 and RETURN OF PREMIUM3
Check Premium13Conditions apply W/II/1540/2022-23
Buy online & get 5% discount
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- Plans
- TERM INSURANCE
- ICICI Pru iProtect Smart (Bestseller)`~Lumpsum Payout
- Claims amount paid out in single instalments (lumpsum)
- Up to 5%`= Online Discount (Lifetime)
- Affordable High Life Cover!a to protect your family
- Up to 15%2 Salaried Discount (For 1st Year premium)
- Tax benefit^ on premiums paid and tax-free^ claims payout
- Optional 34 Critical Illnesses## rider & Accidental Death Benefit9 rider
- ICICI Pru iProtect Smart (New)Monthly Income Payout
- Claims amount paid in monthly instalments
- Up to 5%`= Online Discount (Lifetime)
- Up to 30%*2 discount on premiums for monthly income payout (Lifetime)
- Up to 15%2 Salaried Discount (For 1st Year premium)
- In-built Terminal Illness Benefit3A and Permanent Disability Waiver5
- Optional 34 Critical Illnesses## rider & Accidental Death Benefit9 rider
W/II/1316/2023-24
- ICICI Pru iProtect Smart (New)(Term Plan for Women)
- Affordable High Life Cover!a to protect your family
- Flat 15%F Discount for Women on Life Cover (Lifetime)
- Up to 5%`= Online Discount (Lifetime)
- Up to 15%2 Salaried Discount (For 1st Year premium)
- 34 Critical Illnesses Cover## (Optional)
- Tax benefit^ on premiums paid and tax-free^ claims payout
W/II/0354/2024-25
- ICICI Pru iProtect Smart (Bestseller)`~Lumpsum Payout
- Term Insurance with Returns
- ICICI Pru iProtect Smart – Smart Exit Option(Optional Return)
- Affordable High Life Cover2a to protect your family
- Flexibility to exit earlyō and get back total premiums paidS1
- Optional 34 Critical Illnesses## rider of up to ₹ 1 crore
- Optional Accidental Death Benefit9 rider of up to ₹ 2 crore
- In-built Terminal Illness Benefit4 and Permanent Disability Waiver5
- Tax benefit^ on premiums paid and tax-free^ claims payout and returns
- Special discount2 on first year’s premium for salaried customers
- ICICI Pru iProtect Return of Premium(Guaranteed Return3)
- High Life Cover1 to protect your family
- Guaranteed 105% return3 of life cover1 premium on maturity
- Option to get Monthly Income2a or Flexible Life Cover2 at every life stage
- Optional 64 Critical Illnesses4 rider of up to ₹ 1 crore
- Optional Accidental Death Benefit5 rider of up to ₹ 2 crore
- Tax benefit2b on premiums paid and tax-free2b claims payout and returns
- ICICI Pru Protect N Gain (New)(Market Linked Return)
- Potential to grow your wealth with Market Linked Returns
- Life cover1 up to 125x of Annual Premium7
- Return of Mortality and premium allocation charges2
- Unlimited tax-free* partial withdrawals4 allowed, that too free of cost
- Take control of your investments with unlimited free fund switches6
- Tax benefit* on premiums paid and tax-free* claims payout and returns
- ICICI Pru iProtect Smart – Smart Exit Option(Optional Return)
- ULIP (UNIT LINKED INSURANCE PLANS)
- ICICI Pru Signature (Popular)
- Financial protection for your loved ones with life cover
- Tax benefits u/s 80C & 10(10D)4
- Return of mortality and policy administration charges1
- Withdraw money regularly from your policy with SWP3
For offline Signature refer to Offline Signature Brochure
- ICICI Pru Protect N Gain (New)(Market Linked Return)
- Potential to grow your wealth with Market Linked Returns
- Life cover1 up to 125x of Annual Premium7
- Return of Mortality and premium allocation charges2
- Maturity booster3 at policy maturity to boost your fund value
- Withdraw money regularly from your policy with SWP4
- Get added protection with Accidental Death cover5 and Accidental Disability cover5
- ICICI Pru Platinum (New)
- Potential to grow wealth through market linked returns
- Life cover1 to secure your loved ones
- Systematic withdrawal plan2 to withdraw money regularly from your policy
- Tax benefits3 as per prevailing tax laws
- Choice of 4 portfolio strategies and wide range of funds4
- ICICI Pru1 Wealth
- ICICI Pru LifeTime Classic
- ICICI Pru Smart Life
- ICICI Pru Signature (Popular)
- ULIP WITH CAPITAL GUARANTEE
- Signature Capital Guarantee II Solution
- ICICI Pru Save N Grow
- Market linked2 returns + Safety1 of investment
- Start creating wealth2 with a minimum premium of ₹1,850 p.m.
- Return of mortality and policy admin charges5 from 6th policy year
- Maturity booster6 to boost your earnings
- Life cover4 to financially protect your loved ones
- Tax3 benefits u/s 80C and 10(10D)
- Guaranteed Return Plans
- Child Plans
- RETIREMENT AND PENSION PLANS
- ICICI Pru Saral Pension PlanSingle Premium Immediate Income
- ICICI Pru Guaranteed Pension Plan FlexiRegular Premium Future Income
- A regular-pay deferred annuity plan that helps you gradually build the retirement savings and provide guaranteed income for life
- Flexible premium paying terms and deferment periods
- Meet your healthcare and lifestyle needs through additional payout options1
- Financial security for your family even in your absence, with the Waiver of Premium feature3
- Annuity plan can cover either single or joint life2
- Tax benefits as per prevailing tax laws
- ICICI Pru Guaranteed Pension PlanSingle Premium Future Income
- Single premium plan to get guaranteed income for life with the option to defer income by upto 10 years
- Lock in the current interest rates for the annuity to be received later
- Annuity plan can cover either single or joint life*
- Flexible payout options to suit your need2
- Tax benefits# on premium paid u/s 80CCC of Income Tax Act, 1961
- ICICI Pru Guaranteed Pension Plan
- Single premium plan to get guaranteed income immediately for the rest of your life
- Annuity plan can cover either single or joint life*
- Flexible payout options to suit your need2
- Tax benefits# on premium paid u/s 80CCC of Income Tax Act, 1961
- Purchase annuities from your savings or accumulated NPS corpus
- ICICI Pru Gold Pension Savings Plan
- SAVINGS/ ENDOWMENT PLANS
- ICICI Pru Gold (New)
- Regular income1 up to 99 years of age followed by a lump sum2 on maturity
- Option to start receiving income immediately from the end of 1st policy year/month or defer3 it for a few years as per your need
- Protection through life cover4 till up to 99 years of age
- Tax benefits5 may be applicable on premiums paid and benefits received as per prevailing tax laws
- ICICI Pru Sukh Samruddhi (New)
- Choice to avail benefits as either Income or Lump sum
- Life cover1 for financial protection of your loved ones
- Option to receive income on any date of your choice with ‘Save the Date’2
- Option to accumulate income and withdraw it later as per your convenience with ‘Savings Wallet’3
- Tax benefits4 may be applicable on premiums paid and benefits received as per prevailing tax laws
- ICICI Pru Future Perfect
- ICICI Pru Savings Suraksha
- Life cover1 to protect your loved ones
- Guaranteed* Maturity Benefit2 and Guaranteed* Additions3
- Get Reversionary and Terminal Bonus4, if declared
- Tax5 benefits may be applicable to premiums paid and benefits received as per the prevailing tax laws
*Conditions apply
- ICICI Pru Gold (New)
- Health Insurance Plans
- ICICI Pru Heart / Cancer Protect
- iShield (New)
- Life cover1 till the age of 85 years
- Waiver of future premiums2 in case of permanent disability due to an accident
- Cashless hospitalisation3 at any of our network providers/hospitals
- Pre and post hospitalisation4 medical expenses covered
- Day care5 treatment: covers expenses for hospitalisation where 24 hours of hospitalisation isn’t required
- Tax benefits6 may be applicable on premiums paid and benefits received as per prevailing tax laws
- TERM INSURANCE
- Term Insurance
- Claims
- Library
- UNDERSTANDING LIFE INSURANCE
- Insurance Guide
- What is Life Insurance?
- What is Term Insurance?
- What is Health Insurance?
- What are ULIPs?
- What are Retirement Pension Plans?
- What are Child Insurance Plans?
- What is Annuity?
- What is an Endowment Policy?
- What is Critical Illness Insurance?
- Guide to Claims Settlement Ratio
- What is MWP Act?
- What are Riders?
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Plan Asset Allocation
This section helps you understand the amount of money that you could invest in either equity or debt as per your risk preference.
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- Asset Allocation
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Claim Related FAQs
Get answers to all your questions regarding claims, their submission and settlement.
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Here is what our delighted customers have to say about their online buying experience.
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‘The secrets of successful retirees: the official handbook’ helps you start life’s new chapter worry-free
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‘Is India prepared for retirement?’ report highlights the key findings about India’s attitude towards retirement, money and annuity plans
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- Retirement Planning Handbook
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Why Do You Need Life Insurance?
1. Secure your family's financial future
Life insurance is all about securing you and your family financially. All parents want their children to be taken care of even when they are not around. Life insurance makes sure your loved ones won't suffer financially in your absence.
2. Accomplish your financial goals
We all have some goals in life, for which money needs to be saved. Life insurance plans help you achieve those goals by helping you build a financial corpus with the protection of a life cover. Life insurance plans inculcate a habit of disciplined saving. Paying a little amount as an insurance premium each month will help you accumulate funds. What's even better is that this small monthly amount only keeps growing. So years from now, you'll have enough wealth accumulated to accomplish your more substantial and long-term financial goals.
3. Brings peace of mind
Having life insurance will give you peace of mind. Life is uncertain, and life insurance can offer financial assistance to your family when you are no longer around. You can also plan your retirement by taking a retirement plan where you will receive a monthly income.
4. Save tax
Generally, you can claim an income tax deduction on your life insurance premiums under Section 80Cof the Income Tax Act, 1961**. Pay-outs for death claims are tax-free under Section 10(10D) of the Income Tax Act, 1961**.
Reasons to Have a Life Insurance Plan
1. Long term financial goal
Lifeinsurance plans help you create a substantial financial corpus for your long term financial goals by helping save money with the protection of life cover.
2. Protect the child's future
Every parent wants to provide their child with the best possible future. Life insurance plans ensure your child to have the best possible future even when you are not around.
3. Loans and liabilities
If you have bought a loan then you should always consider buying a term plan. It makes sure that the burden of your loan doesn’t fall up on your dependents in your absence. Term insurance plans are the most affordable way to protect home loan amount and safeguard the shelter of policyholder's family in case of his/ her untimely death.
4. Child’s education planning
Child education plans help you save and build a financial corpus for your child’s future education expenses. These plans provide life cover so that the child gets the sum assured even in the case of policyholder’s untimely demise.
5. Dependent spouse
If your spouse is financially dependent on you, then you must buy a life insurance plan.This will ensure that so that your spouse lives a financially independent life in case of your absence.
6. Leave a tax free legacy
As life insurance pay-outs are tax-free under Section 10(10D) ** of the Income Tax Act, 1961, you can leave a tax free legacy for your loved ones.
7. Retirement planning
Life insurance plans help you invest and build a financial corpus for your retirement so that you can live your post-retirement life comfortably
- FAQs
✅ Why is life insurance important?
Life insurance is important because it provides financial security to the family in case of the unfortunate death of the policyholder. Life insurance can enable the family of the policyholder to stay financially independent so that they do not have to compromise their lifestyle.
✅Should you buy life insurance only for the tax** benefit option?
Section 80C** of the Income Tax Act, 1961 offers deductions up to ₹1.5 lakh paid towards your life insurance premiums. Thus, life insurance acts as a valuable tax-saving tool.
But you should not buy life insurance only for the tax** benefit. Your investments must match your long-term life goals, such as children's higher education and financial freedom in retirement. Also, you need to secure your loved ones with sufficient insurance cover to overcome the uncertainties of life.
ICICI Prudential Life offers a wide range of pure protection, savings, wealth creation, and retirement income plans. You should assess your financial needs and buy a policy best suited to your goals.
✅ Which type of life insurance should you buy based on life stages?
When you start earning: Buying life insurance early in life can help you get a substantial cover at comparatively lower premiums. You are also likely to have fewer financial obligations at this stage. Thus, you can choose to profit from investments in the capital market with unit-linked insurance plans (ULIPs). In addition to this, you can also consider protecting your income from unforeseen disabilities or critical ailments. A term insurance plan with a critical illness rider or a permanent disability rider can be ideal at this stage.
After marriage and children: With increasing liabilities, the need for a higher cover amount also increases. The ICICI Pru iProtect Smart Term Plan lets you enhance your life cover` at key events of your life* like marriage and the birth or adoption of up to two children. The enhanced cover safeguards your family's financial future in case of any unfortunate event.
Moreover, if you need to start planning for life goals, such as buying property or saving for your children's higher education, you can consider savings and investment-based life insurance plans like ULIPs or endowment plans to earn sufficient returns for your needs.
Approaching retirement: You can purchase a retirement plan to save and earn high returns to support your expenses in retirement. Retirement plans offer great features that can secure your loved ones and offer you a steady flow of income in your non-working years. You can also buy an annuity plan that can provide you with a guaranteed income to help you maintain your preferred lifestyle in your retirement years.
✅ Can you have life insurance for a specific tenure?
You can choose a specific tenure for your term life insurance plan and stay protected for a defined period, such as the repayment tenure of a loan or the years until your retirement. For instance, ICICI Pru iProtect Smart Term Plan offers coverage up to 99 years under the whole life insurance option.
✅ How much time does it take to get a life insurance death benefit claim?
We need relevant documents as evidence for the claim's validity. We might also carry out investigations in case of any discrepancies.
However, ICICI Prudential Life's Claim Settlement Ratio for FY2024 is 99.17%^ as per the annual report 2023-24. It reflects our commitment to honouring our liabilities to our policyholders and our claim handling efficiency. Our average claim settlement duration is 1.5 days< after receiving all claim documents and when no enquiries are necessary.
✅ Why is life insurance important?
Life insurance is important because it provides financial security to the family in case of the unfortunate death of the policyholder. Life insurance can enable the family of the policyholder to stay financially independent so that they do not have to compromise their lifestyle.
✅Should you buy life insurance only for the tax** benefit option?
Section 80C** of the Income Tax Act, 1961 offers deductions up to ₹1.5 lakh paid towards your life insurance premiums. Thus, life insurance acts as a valuable tax-saving tool.
But you should not buy life insurance only for the tax** benefit. Your investments must match your long-term life goals, such as children's higher education and financial freedom in retirement. Also, you need to secure your loved ones with sufficient insurance cover to overcome the uncertainties of life.
ICICI Prudential Life offers a wide range of pure protection, savings, wealth creation, and retirement income plans. You should assess your financial needs and buy a policy best suited to your goals.
✅ Which type of life insurance should you buy based on life stages?
When you start earning: Buying life insurance early in life can help you get a substantial cover at comparatively lower premiums. You are also likely to have fewer financial obligations at this stage. Thus, you can choose to profit from investments in the capital market with unit-linked insurance plans (ULIPs). In addition to this, you can also consider protecting your income from unforeseen disabilities or critical ailments. A term insurance plan with a critical illness rider or a permanent disability rider can be ideal at this stage.
After marriage and children: With increasing liabilities, the need for a higher cover amount also increases. The ICICI Pru iProtect Smart Term Plan lets you enhance your life cover` at key events of your life* like marriage and the birth or adoption of up to two children. The enhanced cover safeguards your family's financial future in case of any unfortunate event.
Moreover, if you need to start planning for life goals, such as buying property or saving for your children's higher education, you can consider savings and investment-based life insurance plans like ULIPs or endowment plans to earn sufficient returns for your needs.
Approaching retirement: You can purchase a retirement plan to save and earn high returns to support your expenses in retirement. Retirement plans offer great features that can secure your loved ones and offer you a steady flow of income in your non-working years. You can also buy an annuity plan that can provide you with a guaranteed income to help you maintain your preferred lifestyle in your retirement years.
✅ Can you have life insurance for a specific tenure?
You can choose a specific tenure for your term life insurance plan and stay protected for a defined period, such as the repayment tenure of a loan or the years until your retirement. For instance, ICICI Pru iProtect Smart Term Plan offers coverage up to 99 years under the whole life insurance option.
✅ How much time does it take to get a life insurance death benefit claim?
We need relevant documents as evidence for the claim's validity. We might also carry out investigations in case of any discrepancies.
However, ICICI Prudential Life's Claim Settlement Ratio for FY2024 is 99.17%^ as per the annual report 2023-24. It reflects our commitment to honouring our liabilities to our policyholders and our claim handling efficiency. Our average claim settlement duration is 1.5 days< after receiving all claim documents and when no enquiries are necessary.
ADVT: W/II/0028/2022-23
COMP/DOC/Nov/2022/711/1435
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Disclaimer
** Tax benefits subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
^Claim settlement ratio is for Financial Year FY2023-24 and is computed on individual basis claims settled over total individual claims for the financial year. For details, refer to
Source: https://www.iciciprulife.com/about-us/investor-relations/yearly-public-disclosures.html?ID=about3
` Life cover is the benefit payable on the death of the Life Assured during the policy term.
< Average turnaround time for non-investigated retail death claims from receipt of last requirement as per Annual report for FY2022.
* ICICI Pru iProtect Smart offers the flexibility to increase the level of protection at key life stages of marriage and child birth, without any medicals as below.
Event | Additional Death Benefit (percentage of original Death Benefit) | Maximum additional Death Benefit allowed |
---|---|---|
Marriage | 50% | ₹ 50,00,000 |
Birth / Legal adoption of 1st child | 25% | ₹ 25,00,000 |
Birth / Legal adoption of 2nd child | 25% | ₹ 25,00,000 |
Additional premium will be calculated based on the increased Sum Assured and outstanding policy term as per your age at the time of each such increase.
ICICI Pru iProtect Smart UIN (A Non-Linked Non-Par Life Individual pure risk premium product)
COMP/DOC/Feb/2020/62/3207
ADVT: W/II/0216/2024-25
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