All that you wanted to know & more

ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, a premier financial powerhouse, and Prudential plc, a leading international financial services group headquartered in the United Kingdom. ICICI Prudential was amongst the first private sector insurance companies to begin operations in December 2000 after receiving approval from Insurance Regulatory Development Authority (IRDA).

ICICI Prudential Life's capital stands at Rs. 4,780 crores (as of March 31, 2011) with ICICI Bank and Prudential plc holding 74% and 26% stake respectively. For the period April 1, 2010 to March 31, 2011, the company has garnered total premium of Rs 17,881 crores and has underwritten over 12 million policies since inception. The company has assets held over Rs. 68,000 crores as on March 31, 2011.

For the past decade, ICICI Prudential Life Insurance has maintained its dominant position (on new business retail weighted basis) amongst private life insurers in the country, with a wide range of flexible products that meet the needs of the Indian customer at every step in life.

ICICI Prudential Life has one of the largest distribution networks amongst private life insurers in India. It has a strong presence across India with around 1,400 branches and an advisor base of over 1,70,000 (as on March 31, 2011).

The company has bancassurance partners having tie-ups with ICICI Bank and Proddatur Co-Op Town Bank Ltd.

• Insurance Solutions for Individuals
  ICICI Prudential Life Insurance offers a range of innovative, customer-centric products that meet the needs of customers at every life stage. Its products can be enhanced with up to 4 riders, to create a customized solution for each policyholder.
• Savings & Wealth Creation Solutions
  • ICICI Pru LifeStage Wealth II is a unit linked insurance plan that offers multiple choices to decide how your savings would be invested based on your risk appetite.
  • ICICI Pru Pinnacle Super is a unit linked insurance plan that gives you the advantage of varying exposure to equities with downside protection, so that your investments are protected in financially volatile times.
  • ICICI Pru LifeTime Premier is a comprehensive savings plan that offers you a choice of portfolio strategies for your savings and at the same time secures you against uncertainties of life.
  • ICICI Pru LifeLink Wealth SP is a unique single premium ULIP that provides you the opportunity to enjoy potentially higher returns over the long term on your investments, with just a single premium.
  • ICICI Pru Guaranteed Savings Insurance Plan is a limited pay endowment product that allows you to enjoy the benefits of a long term savings plan ensuring that you and your family are free of any financial worries.
  • ICICI Pru Whole Life provides you with a unique double advantage of savings and protection that not only allows you to meet your goals but also seeks to ensure that your dear ones will continue to live their lives in comfort without financial worries in case of unforeseen eventuality
  • ICICI Pru Save 'n' Protect is an ideal plan for those who want to accumulate funds on a regular basis while enjoying insurance protection.
  • ICICI Pru CashBak is a single policy that combines the triple benefit of protection, savings & periodic liquidity.
• Protection Solutions
  • ICICI Pru iCare is a term insurance plan that you can buy online at your convenience at their home in a simple and cost-effective manner.
  • ICICI Pru Pure Protect is a flexible and affordable term product, with which you can ensure your life and provide total security for your family in case of an unfortunate event.
  • ICICI Pru LifeGuard is a protection plan, which offers life cover at low cost. It is available in 2 options –level term assurance with return of premium & single premium.
  • ICICI Pru HomeAssure is a mortgage reducing term assurance plan designed specifically to help customers cover their home loans in a simple and cost-effective manner.
• Child Plans
  • ICICI Pru SmartKid Regular Premium is a fixed-term insurance plan that provides you with funds at regular intervals.
• Retirement Solutions
  • ICICI Pru LifeLink Pension SP is a single premium pension policy that provides you the opportunity to enjoy regular income post retirement by paying just a single premium.
  • ICICI Pru ForeverLife is a traditional retirement product that offers guaranteed returns for the first 4 years.
  • ICICI Pru Immediate Annuity is a single premium annuity product that guarantees income for life at the time of retirement. It offers the benefit of 5 payout options.
• Health Solutions 
  • ICICI Pru Hospital Care II is a family floater plan covering your spouse and children. This fixed benefit hospitalisation and surgical plan complements your existing coverage by offering payouts over and above any health plan you have, thus availing best possible medical treatment, without having to bother about the cost of the treatment or quality of care.
  • ICICI Pru Crisis Cover is a 360-degree product that will provide long-term coverage against 35 critical illnesses, total and permanent disability, and death.
  • ICICI Pru Health Saver is a whole of life comprehensive health insurance policy which provides a hospitalisation cover for you and your family and reimburses all other medical expenses not covered in the hospitalisation benefit by building a health fund for you and your family.
• Group Insurance Solutions
  ICICI Prudential also offers Group Insurance Solutions for companies seeking to enhance benefits to their employees.
  • Group Gratuity Plan: ICICI Prudential Life's group gratuity plan helps employers fund their statutory gratuity obligation in a scientific manner and also avail of tax benefits as applicable to approved gratuity funds.
  • Group Leave encashment Plan: ICICI Prudential Life’s Group offers a market linked and traditional leave encashment plan designed to aid the employer to build a fund to meet their future leave encashment liability. The contributions made will be invested as per the chosen investment plans and will be available for payment of the benefit when it falls due. Additionally, the product also provides for term cover for all the employees covered under the policy.
  • Group Superannuation Plan: ICICI Prudential Life offers a flexible market linked and traditional schemes that provide substantial benefits to both employers and employees. Both defined contribution (DC) and defined benefit (DB) schemes are offered to optimise returns for members of the trust and rationalise cost. Members have the option of choosing from various annuity options or opting for a partial commutation of the annuity at the time of retirement.
  • Group Immediate Annuities: ICICI Prudential Life realises the importance of prudent retirement planning. With this in mind, it has developed a suite of life and joint life annuities which guarantee periodic payment to annuitants upto death. Further there are options which return the purchase price on death of annuitants. These annuity options are offered to our existing superannuation customers, and also to superannuation funds not managed by us.
  • Group Term Plan: ICICI Prudential Life's flexible group term solution helps provide an affordable cover to members of a group. The cover could be uniform or based on designation/rank or a multiple of salary. The benefit under the policy is paid to the beneficiary nominated by the member on his/her death.
• Flexible Rider Options
  ICICI Prudential Life offers flexible riders, which can be added to the basic policy at a marginal cost, depending on the specific needs of the customer.
  • Accident & disability benefit: If death occurs as the result of an accident during the term of the policy, the beneficiary receives an additional amount equal to the rider sum assured under the policy. If an accident results in total and permanent disability, 10% of rider sum assured will be paid each year, from the end of the 1st year after the disability date for the remainder of the base policy term or 10 years, whichever is lesser.
  • Critical illness benefit: Critical Illness Benefit Rider provides protection against 9 critical illnesses to the policyholder when attached to the basic plan.

• ICICI Bank 
  About ICICI Bank: ICICI Bank Ltd (NYSE:IBN) is India's largest private sector bank and the second largest bank in the country with consolidated total assets of over US$ 120 billion as of March 31, 2011. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans 19 countries, including India.
• Prudential Plc
  Established in London in 1848, Prudential plc is an international retail financial services group with significant operations in Asia, the US and the UK serving around 25 million customers, policyholder and unit holders worldwide. The company has £340 billion of assets under management (at 31 December 2010) and it is one of the best capitalised insurers in the world with an Insurance Groups Directive (IGD) capital surplus estimated at £4.3 billion (Estimated at 31 December 2010 before final dividend). Prudential is a leading life insurer in Asia with a presence in 12 markets and have the top three position in seven key locations of Hong Kong, India, Indonesia, Malaysia, Singapore, the Philippines and Vietnam.