ICICI Pru Group Unit Linked
Employee Benefit Plan
Choose from a range of 10 Debt and Equity oriented funds
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Market-linked returns
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Policy value- based loyalty additions added every year
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Tax benefits^ as per prevailing laws
Why choose the ICICI Pru Group Unit Linked Employee Benefit Plan?
Why choose the ICICI Pru Group Unit Linked Employee Benefit Plan?
Potential to grow your funds through market-linked returns
Broad entry age (15 – 85 yrs) that allows you to cover employees across all age groups
Manage your fund actively with options like Fund switch, Premium redirection and Automatic Transfer Strategy
Zero charges for allocation and switching
Secure and manage Gratuity, Leave Encashment, and other Employee Benefit Funds
In-built life cover of ₹10,000 per employee
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Build loyalty and retain employees
Claim settlement in consultation with Company as per Scheme Rules
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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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Frequently asked questions
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What are the investment fund options under the ICICI Pru Group Unit Linked Employee Benefit Plan (GULEBP)?
ICICI Pru GULEBP offers 10 investment funds with varying combinations of debt (including government securities), equity and money market & cash options. The Master Policyholder can choose from among these based on their risk and growth preferences.
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Can the Master Policyholder change the allocation of contributions or switch funds under the ICICI Pru Group Unit Linked Employee Benefit Plan?
Yes, the Master Policyholder can switch units from one fund to another cost-free, given that the minimum switch value is ₹ 2,000 per switch.
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What charges are applicable under the ICICI Pru Group Unit Linked Employee Benefit Plan?
ICICI Pru GULEBP involves only fund management charges (FMC) and mortality charges. FMC charges of 1.30% p.a. will be charged by adjustment to the NAV. Mortality Charge will be deducted on a monthly basis by redemption of units. It will be deducted until the earlier of intimation of death of the Member, the exit of the Member from the EB Scheme and the termination of the Policy. This charge is equal to ₹ 5 per annum per ₹ 10,000 Sum Assured per Member covered under the Policy.
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How is the Fund value(returns) calculated?
The Fund Value of a particular unit linked fund is calculated as number of units held in the fund multiplied by the prevailing Net Asset Value (NAV) of the respective unit linked fund. The Master Policyholder can choose amongst unit linked funds
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How can the ICICI Pru Group Unit Linked Employee Benefit Plan be surrendered?
The Master Policyholder can surrender the policy at any time with one month’s notice. The Surrender Value will be paid as per the policy terms.
Disclaimer
- ^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.
- ICICI Prudential Life Insurance Company Limited is only the name of the Life Insurance Company and ICICI Pru Group Unit Linked Employee Benefit Plan 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.
- In ULIPs, the investment risk in the investment portfolio is borne by the policyholder.
- Linked insurance products are different from the traditional insurance products and are subject to the risk factors
- The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
- The premium paid in linked insurance policies are subject to investment risks associated with capital markets and publicly available index. The NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market/publicly available index and the insured is responsible for his/her decisions.
- Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.
- © 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 Unit Linked Employee Benefit Plan - UIN: .
- ADVT: W/II/1352/2025-26
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