ICICI Pru Group
Term Plus
Competitive premium rates
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Flexible premium payment modes
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Customised coverage as per organisation’s structure
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Seamless addition/removal of new employees/members
Why choose the ICICI Pru Group Term Plus plan?
Why choose the ICICI Pru Group Term Plus plan?
Profit sharing upto 90%1
This plan offers a low-cost life cover solution, ensuring financial security for employees/members and their families
Strong retention tool and loyalty building measure for employers
Single rate facility
Terminal illness benefit
Group employees and members (as applicable) can enjoy life cover without medical tests up to the specified Free Cover Limit
Premiums paid under this plan are eligible for tax benefits^
The plan is designed for easy policy management, making it a seamless solution for employers
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Why choose ICICI Prudential Life?
Total inforce policies#
7,480
as on 30th September 2025
Number of lives covered
71,32,342**
Over
2 decades
of expertise in Employee Benefits
Claim Settlement Ratio
99.43%*
Claims settlement TAT
1.21 days*
Claims settled
2,265*
Group Sum Assured
₹13,549.97 Bn
#Count of employer-employee policies
** Total number of lives covered under employer-employee inforce policies
*Data for current financial year as on 30th September’2025
Source – Quarterly IRDAI public disclosures. Please refer to Public Disclosure section on ICICI Prudential website for more details
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Who can Benefit
Who can Benefit
Corporate
organizations
Microfinance &
NBFC groups
Banks, credit card providers, and professional associations
Frequently asked questions
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Who is eligible for the ICICI Pru Group Term Plus Plan?
Members of companies, businesses, trusts, etc. between the ages of 15 and 79 years are eligible for the ICICI Pru Group Term Plus Plan.
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What is the Death Benefit under the ICICI Pru Group Term Plus Plan?
Legal heirs or nominees of insured members receive a minimum of ₹10,000 in the event of the unfortunate death of the insured. Master Policyholder can choose a higher sum assured at the time of getting the policy or renewing it. Insured employees can also increase the sum assured with additional contributions to the policy.
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What premium payment modes are available for the ICICI Pru Group Term Plus Plan?
ICICI Pru Group Term Plus Plan premiums can be paid as a single premium, annually, half-yearly, quarterly, or monthly.
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What is the grace period for premium payments under the ICICI Pru Group Term Plus Plan?
The grace period is the additional days from the premium due date provided to the Master Policyholder to make the payments. In case the Master Policyholder fails to make the payment, the plan is terminated, and the cover ceases. The grace period for the monthly payment mode is 15 days and 30 days for semi-annual and quarterly modes.
Disclaimers
- ^Tax benefits under the policy are subject to conditions and other provisions of the Income Tax Act, 1961. Goods and Services 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.
- 1Minimum number of life years covered under a Group Master Policy should not be less than 1000 for considering profit sharing. Where for a scheme year the available experience is less than 1000 life years, profit sharing arrangement shall be deferred until the end of the scheme year in which the minimum number of life years of 1000 in scheme is reached on cumulative basis prospectively. Profit sharing shall not be allowed other than on a scheme year basis.
- ICICI Prudential Life Insurance Company Limited is only the name of the Life Insurance Company and ICICI Pru Group Term Plus is only the name of the insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- © ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered life insurance company with IRDAI, Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-25. Helpline number (Toll free)- 1800 2660. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale.
- ICICI Pru Group Term Plus - UIN: .
- ADVT: W/II/1269/2025-26
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