Everybody hopes for the best, but it is always better to prepare for scenarios that might not be ideal. This is why a backup in any situation always helps. This is especially true for life. A life insurance plan can offer financial support to your loved ones in your absence. Keep reading to find out how.

What is Life Insurance Policy?

A life insurance policy is a contract between a policyholder and an insurance company. In a life insurance policy, the insurance company promises to pay a sum of money to the loved ones of the policyholder in case of death of the policyholder during a certain period. In return, the policyholder pays a small amount as premium to the insurance company.

In certain types of policies, the policyholder can also opt for critical illness benefits or choose additional protection to cover against an unfortunate event due to an accident. Read more about these features and types of life insurance policies below.

COMP/DOC/Feb/2022/212/7457

From your first job to your retirement, a life insurance plan is crucial at every stage of your life!

YOUR FIRST JOB

You want to fulfil your desires like getting a better phone, your first car, going on holidays, and more. A unit linked insurance plan4 like ICICI Pru Smart Life offers life cover and helps in the growth of your money along with providing financial protection to your family, in case of any uncertainty.

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GET MARRIED

You want to upgrade your standard of living by buying a bigger car, a house of your own, and more. which may increase your financial liabilities. Hence, a term insurance plan like ICICI Pru iProtect Smart provides life cover and will help you financially safeguard such assets for your family, in case of an unfortunate event. Additionally, it also gives you an option to protect yourself against 34 critical illnesses*^.

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BECOME A PARENT

You want to fulfil your child’s growing needs like best education, extra circular activities, to provide for them irrespective of the choice of their career, marriage, and more. A unit linked insurance plan4 like ICICI Pru Signature helps grow your money for your child’s future along with providing a life cover.

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PLAN TO RETIRE

You want ensure your current standard of living or better, post-retirement as well. You would also want enough money to take care of medical exigencies, unplanned expenses, and more. without hampering your life style. Along with this, you can plan to create a corpus for your spouse and children. An annuity plan like ICICI Pru Guaranteed Pension Plan helps you provide a comfortable life post-retirement with a regular income.

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SO, MAKE AN INFORMED DECISION AND FINANCIALLY PLAN FOR EVERY LIFE STAGE.

Why is it important to buy a life insurance plan?

  • Illness Protection Critical Illness Protection

    As you head towards retirement, life insurance policy that cover critical illnesses become important. Some life insurance policies offer you features that cover you from severe ailments like heart attacks and cancer. Buying these types of policies can protect you from some of the world’s most deadly diseases.

  • Family SupportFamily Support

    If you have a spouse and kids, building a safety net for them becomes important. You would want to protect them from financial hardship in case of your untimely demise. You can also get good returns with life insurance by investing in some policies.

  • Savings GrowthSavings Growth

    In your early years of working, some life insurance plans can be a useful way to save and invest your money. ULIPs or Unit Linked Life Insurance Policies allow you to invest in equity and debt markets. Under current tax laws (which are subject to future amendment), you also get tax^ benefits for investing in a life insurance plan and on the maturity amounts of such policies.

  • DebtDebt

    You often take large loans in your working life, especially when it comes to buying a house. An untimely death while the loan is still due can have grave economic consequences for our families. In such a scenario, money from a life insurance plan in India can be used to pay off the loan. Policies taken under the Married Women’s Property Act^+, 1874 are also immune from attachment by creditors.

  • Financial SecurityFinancial Security

    Life insurance plans can offer financial security for your loved ones in case something unfortunate happens to you. If your family depends on you for their day-to-day needs, buying a life insurance plan will ensure that they have a financial cushion to fall back on in your absence.

  • Peace of mindPeace of mind

    A life insurance policy can prove to be a saviour when an uncertainty strikes. They are safe savings tools that can help your family in need. Investing in them can offer you peace of mind and reduce your financial stress.

  • Opportunities to create wealthOpportunities to create wealth

    There are different types of life insurance plans available and some of them, like endowment plans, pension plans, and unit-linked insurance plans can also be used as an investment option to build wealth for your future financial goals. These plans also provide a life cover`.

  • Financial planning for lifeFinancial planning for life

    You can choose from the different types of life insurance policies and select a plan for every life-stage. Whether you are saving for a specific goal like retirement or investing for your child’s future, you can plan for all your goals with life insurance plans.

    • You are planning to get married:

      If you are getting married, a life insurance plan can help you safeguard your spouse’s financial future. In the case of an unfortunate event, your spouse can use the life insurance and carry on with their lives with dignity.

    • Considering starting a family:

      The birth of a child can present new financial responsibilities for a parent. If you have a child, purchasing a life insurance plan can help you secure the child’s future in your absence. Moreover, child insurance plans can also help you save for higher education or marriage expenses.

  • Assured income for retirementAssured income for retirement

    Insurance plans like pension plans or annuity plans can be great for retirement planning. They offer low risk and assured returns that can secure your post-retirement life.

Who can purchase a Life Insurance Policy?

Life insurance in India is a vital financial tool to have for all age groups. A life insurance policy can provide your loved ones with financial support as well as offer you adequate returns that can be used to plan for various individual goals.

Here is how you can benefit from buying a life insurance policy:

Importance of buying life insurance for different age groups

Age group Importance of buying life insurance
20 to 30 years People between the ages of 20 and 30 years can use life insurance plans to secure their future financial goals, such as saving for a house purchase, retirement, and more.
30 to 40 years People between the ages of 30 and 40 years can use life insurance plans to secure their family members in their absence with adequate financial protection. Life insurance plans can also be used to plan for your child’s higher education and marriage expenses, and more.
40 to 50 years Individuals between the age of 40 and 50 years can buy a life insurance policy to plan for their retirement savings.
50 years and above Individuals aged 50 or above can purchase a life insurance policy to invest and ensure financial security for self and family. Life insurance can also offer them tax benefits and help them save more money.

Apart from the age groups mentioned above, there are several other types of people who can benefit from a life insurance plan. These include the following:

  • Smokers: Smokers can be prone to health issues. Buying a buy life insurance policy can ensure sufficient financial protection for their loved ones. However, smokers must inform the insurer of their lifestyle habits before purchasing a plan.
  • Disabled individuals: Disabled individuals can also benefit from a life insurance plan. However, they need to undergo some medical tests before buying a suitable insurance plan.
  • People with pre-existing medical conditions: Individuals with pre-existing medical concerns can enjoy financial security with life insurance. However, it is vital to share the details of such medical conditions with the insurer.

Important life insurance terms you should know

Life assured

Life assured:

The insured person is referred to as the life assured. In the unfortunate event of the life assured’s death, the nominee receives the insurance money.

Policy tenure

Policy tenure:

This is the duration for which the insurance company provides coverage. Policy tenure for a life insurance plan can range anywhere from 1 year to 99 years (whole life).

Death benefit

Death benefit:

This is the money that the insurance company pays to the nominee in the unfortunate event of the life assured’s death.

Maturity benefit

Maturity benefit:

This is the money that the policy holder gets on surviving the policy term. Although a term life insurance policy does not have any maturity benefits, other life insurance plans offer this feature.

Lapsed policy

Lapsed policy:

A life insurance plan can get lapsed if the policy holder does not pay the premium on time. In such cases, the policy is referred to as a lapsed policy and the insurer reserves the right to terminate the contract if the policy holder does not pay the premium even during the grace period.

Grace period

Grace period:

If the policy holder does not pay the premium, the insurance company offers an extension, also known as the grace period. This allows more time for the policy holder to make the payment.

Revival period

Revival period:

If your life insurance policy gets lapsed due to non-payment of premium, you can revive it later by paying the premium and any added charges. This is known as the revival period.

Riders

Riders:

Riders are add-ons that can be added to a policy at an extra cost. They are completely optional but can enhance the coverage of your plan.

Claim process

Claim process:

The claim process refers to the steps involved in raising a claim request to the insurance company. It usually includes submitting the claim form, death certificate, FIR, identity proof, KYC information, and other necessary documents to the insurance company.

Exclusions

Exclusions:

These are the list of things that are not covered under a life insurance plan in India. For instance, some insurers do not cover suicide within the first few years of the policy tenure.

Policy

Policy:

A policy refers to the insurance contract between you and the insurance company. There can be different types of policies, such as a term insurance policy, an endowment policy, a unit-linked insurance policy, and more.

Sum Assured

Sum Assured:

This is the amount of money that the insurance company promises to pay to the nominee in the unfortunate case of the demise of the policyholder during the policy term. The premium for a policy depends on the Sum Assured you choose.

Life Insurance Coverage Period

Life Insurance Coverage Period:

This refers to the duration for which a life insurance policy remains active and covers the Life Assured.

Types of Life Insurance Policies

Types of Life Insurance Policies Coverage
Term life insurance policy Pure Risk Cover
Endowment life insurance policy Insurance Cover + Saving
Non-Linked Participating Endowment Plan Insurance cover
Unit Linked Insurance Plans (ULIP) Insurance Cover + Market-linked Investment Benefits
Non-participating Non-linked endowment plan Fixed Insurance Cover
Retirement Plan Insurance Cover + Saving
Child Plan Insurance Cover + Investment Benefits
1

Term Insurance Policy

This is the simplest type of life insurance policy. It pays your family a sum of money in case of your death, during the policy term. It does not pay anything if you survive the policy term. However the premiums on this type of policy tend to be low. For instance a monthly premium of just ₹ 1,057 can get you a life insurance cover of 1 crore rupees with regular income payout option (for a 30 year old, non-smoker) for 40 years(exclusive of taxes)

Explore Our Term Insurance Plan

Term plan with a range of options that you can select as per your budget.

  • It fits into a tight budget^$
  • Get claim payout on the first diagnosis of 34 critical illnesses (optional)*^
  • Accidental Death Benefit upto 2 Crore (optional)+*
  • Choice of 4 payout options
  • Tax^ benefits under Section 80C & 10(10D)
  • Get covered till the age of 99 years
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2

Endowment Policies

Policies other than term life insurance, are called endowment policies. These can in turn be divided into participating, non-participating and unit-linked.

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3

Non-Linked Participating Endowment Plan

This type of policy lets you ‘participate’ in the profits of the life insurance company and get a share of them. It pays your family a sum of money on your death but it also pays you an accumulated sum, if you survive the policy term. The survival payment or benefit is linked to the profits of the life insurance company.

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4

Unit Linked Life Insurance Policy (ULIP)

This policy pays an amount on your death and a maturity amount if you survive the term. However unlike a traditional participating policy, the maturity amount is more dependent on your investment choices rather than the profits of the life insurance company. Your policy is invested in funds and divided into ‘units’ similar to those of a mutual fund. You typically get a lot of freedom to choose the type of fund your money will be invested in.

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5

Non-participating Non-linked endowment plan

A non-participating policy defines exactly how much your family will get on your death and how much you will get on the maturity of the policy. There is no variable or investment linked component. You know before-hand exactly how much you will get, in each scenario.

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How does term insurance policy work?

Let’s say Mr. X has a ₹1 crore ICICI Pru iProtect Smart life insurance policy in place. He has paid insurance premiums for three years. In this example, we will take the premium as ₹ 540^` per month which comes to ₹ 19,440 in total premiums paid.

If Mr X passes away in the third year, his family will get an insurance payout of ₹ 1 crore. In other words, the insurance payout will be as per the policy cover regardless of when the insured passes away in the period covered.

insurance-men seating-ladymoney-bag

He paid premium of ₹ 540/month for 3 years

TOTAL PREMIUM PAID
₹ 17,640

1 2 3
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If Mr. X dies after 3 years his nominee will get insurance payout immediately

tax benifits

Tax^ Benefits of Life Insurance (Section 80C and Section 10(10D))

If you buy life insurance, you qualify for a deduction up to ₹ 1.5 lakh annually under section 80C of the Income Tax Act, 1961. The payout received at the time of maturity will be tax-free^ subject to the conditions given in Section 10(10D) of the Income Tax Act, 1961. Tax laws are subject to amendment from time to time.

Benefits of Life Insurance Plans

Life insurance in India can play a critical role in your life. It can help you in diverse financial situations and offer the following advantages:

Act as loan collateral

A lot of loan providers ask for collateral when sanctioning a loan. A life insurance plan can be used as collateral for secured loans. This can help you get a loan with a favourable rate of interest in your hour of need.

Online payment discount

Life insurance plans offer online discounts from time to time. If you purchase a plan online, you can enjoy a discount on the premium. Some plans may offer a discount if you make the payment through a specific bank.

Discount based on payment periodicity

Life insurance plans let you choose the premium payment method. Typically, the premium can be paid in half-yearly, yearly, or monthly instalments. Each of these methods can provide you with unique discounts. You can find out more about them from the insurance company and pick an option that lets you save the most.

Tax benefits

A life insurance policy can help you save a lot of money otherwise spent on tax. You can claim a deduction^ of up to ₹ 1.5 lakh in a financial year under Section 80C of the Income Tax Act, 1961 on the premium paid towards a life insurance plan. In addition to this, the payout received for your life insurance policy is tax-free^ subject to conditions prescribed under Section 10(10D).

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Life insurance plans offered by ICICI Prudential

  • Term Insurance Plan

    Term Insurance Plan

    ICICI PRU iProtect Smart

    Term plan with a range of options that you can select as per your budget.

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    Key Benefits :

    • Get payout diagnosis of 34 critical illnesses*^
    • Accidental Death Benefit up to 2 Crore+*
    • Tax^ benefits under Section 80C & 10(10D)
    • Get covered till the age of 99 years
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  • ICICI-PRU-Future-Perfect

    Endowment Policy

    ICICI PRU Future Perfect

    An ideal endowment plan that gives you dual assurance of guaranteed benefits and a life cover

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    Key Benefits :

    • Guaranteed Additions and Guaranteed Maturity Benefit by staying invested*
    • Security of your loved ones with potential for wealth creation and Life Cover
    • Get Reversionary and Terminal Bonus, if any, on maturity of the plan**
    • Get tax benefits^1 under Section 80C and 10(10D) of Income Tax Act 1961
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  • ICICI-Pru-Signature

    Unit Linked Insurance Plans

    ICICI Pru Signature

    IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

    A savings plan that can give you better returns while it shields your loved ones with life cover

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    Key Benefits :

    • Financial protection for your loved ones with life insurance cover
    • Return of mortality and policy administration charges1
    • Enjoy policy benefits till 99 years of age with Whole Life policy term option
    • Withdraw money regularly from your policy with SWP2
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  • ICICI Pru Savings Suraksha

    Non-Linked Participating Endowment Plan

    ICICI Pru Savings Suraksha

    Offer your savings the opportunity to grow while enjoying the benefits of guaranteed returns

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    Key Benefits :

    • Life cover to protect your loved ones
    • Guaranteed Maturity Benefit and Guaranteed Additions *#
    • Get Reversionary and Terminal Bonus, if any, over and above the maturity benefits of the policy^#
    • Tax benefits^2 on premiums paid and benefits received as per Income Tax Act 1961
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  • ICICI Pru Guaranteed Income For Tomorrow

    Non participating non linked endowment plan

    ICICI Pru Guaranteed Income For Tomorrow

    A protection + savings life insurance plan with guaranteed benefits to help you achieve your goals

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    Key Benefits :

    • 100% Guaranteed^^ Tax free^3 income/lump sum
    • Life cover+ for entire policy term
    • Option to get income from 2nd year*`
    • Upto 3.5% Additional Maturity Benefit online~

    ^^ Terms & conditions apply

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  • View All Online Life Insurance Plans 🡪

Our experts are happy to answer any questions you may have.

Call us at 1800-267-9777

Call centre hours -
9.00 a.m. - 9.00 p.m. all days

Comparison of different types of life insurance plans

  Term life insurance policy Endowment life insurance policy Non-linked participating endowment plan Unit linked insurance plans (ULIP) Non-participating Non-linked endowment plan
Overview Used to financially protect your dependents in your absence Used to financially secure your loved ones and build low risk savings Used to financially secure your loved ones and build low risk savings Used to financially secure your loved ones and create wealth as per your preferred risk type Used to financially secure your loved ones and yourself. The death and maturity benefits are fixed
Maturity benefits No maturity benefits Offers maturity benefits Offers maturity benefits Offers maturity benefits Offers maturity benefits
Death benefits Offers death benefits Offers death benefits Offers death benefits Offers death benefits Offers death benefits
Purpose Provides pure risk cover Provides insurance cover plus low risk savings Provides insurance cover plus low risk savings Provides insurance cover plus investments Provides a fixed insurance cover

How to choose the right Life Insurance Policy?

Assess your financial needs

Assess your financial needs

Everyone’s financial needs are unique. A life insurance plan that is suitable for your peers may not be ideal for you. So, make sure to assess your individual needs and understand your investment purpose before you pick a life insurance plan. Do not pick a plan just because it is popular amongst your peers.

Learn about the various types of life insurance policies

Learn about the various types of life insurance policies

It is important to understand the various types of life insurance policies available in the market, so you can make the right choice. Go through the different varieties and see how they align with your needs and budget.

Reputation of the provider

Reputation of the provider

Life insurance plans are a long-term commitment. They are meant to secure your family at a time when you may not be around anymore. Hence, it is important to pick an insurance company that has a good reputation and is financially reliable.

Customer testimonials

Customer testimonials

Reading customer testimonials will help you pick a suitable insurer and plan. It can also help you understand how transparent the provider is and how well the company treats its policyholders.

Points to Consider Before Selecting Life Insurance Cover

Goals

Before you buy a life insurance cover, make a note of your goals. Every person has different life goals. While you may want a life insurance plan that would protect your family, someone else may be looking for a plan to invest in for their retirement. So, assess your goals and then pick a plan that offers the most benefits according to your goals.

Age

Your age and health can play a crucial role when you intend to buy a life insurance policy. The cover and premium are largely dependent on these two factors. The younger you are, the easier it is to buy life insurance as you would be relatively healthier. You can also get a low premium at a young age. Hence, it may be recommended to buy a life insurance policy as early as possible.

Financial liabilities

The responsibility to pay back your debt and other liabilities may fall on your loved ones when you are no longer around. If you have any pending loan repayments or credit card dues, you must take them into account when deciding on the life cover amount. Picking a sufficient sum assured is vital, so your family can repay your dues without any hassles and continue to live a dignified life.

Regular source of income

Life insurance policies can offer a regular source of income to your nominee. This money can act as a substitute for your income and help them cover day-to-day expenses as well as any unexpected emergencies. Life insurance plans can offer a regular stream of income to the families of both self-employed and salaried individuals.

Remaining working years

It is important to take an estimate of your remaining working years. This will give you an idea of how much to invest. This can also help with deciding the adequate sum assured for your family’s requirements. Moreover, if you are investing in life insurance retirement plans, you can make suitable investment decisions based on your preferred retirement age.

Do’s and Don'ts of life insurance policies

Below are some essential do’s and don'ts to keep in mind:

Assess your financial needs

Do’s of life insurance policies

  • Buy early: When you buy life insurance early in life, you can get a bigger cover at comparatively lower premiums. This also ensures financial protection for your loved ones from an early stage
  • Read the policy document carefully: It is important to take the time to read and understand the policy document thoroughly. This helps you make informed decisions and know exactly what you are covered for
  • Consider adding riders: You can enhance your coverage by adding riders to your policy. Riders can provide additional protection in times of need
  • Compare policies: Comparing different policies and insurance companies helps you find the one that offers the best coverage, premium and customer service. You can compare claim settlement ratio, assets under management and number of lives covered for different insurance companies
Learn about the various types of life insurance policies

Don’ts of life insurance policies

  • Don’t provide false information: Avoid providing false or inaccurate information during the application process. This could lead to claim rejections and policy cancellations
  • Don’t miss premium payments: Missing or delaying premium payments can lead to lapses in your coverage
  • Don’t delay purchasing insurance: Don't procrastinate on purchasing life insurance. Delaying this crucial decision can leave your loved ones financially vulnerable in case of an unfortunate event

Why is life insurance a safe investment?

Life insurance can offer a safe investment avenue. The sum assured of your policy remains unaffected by market fluctuations, certifying your family’s financial stability in uncertain times. The inclusion of riders can provide you with additional coverage during challenging times. These riders offer extra financial protection against specific risks, ensuring overall financial security.

Life insurance is a transparent financial product. It clearly outlines inclusions and exclusions to ensure you know exactly what you are covered for. This offers peace of mind, making life insurance a safe choice to protect your loved ones' financial future.

Why should women consider investing in a life insurance policy?

Women, like men, should consider investing in life insurance due to its universal significance. Regardless of gender, life insurance serves as a critical financial tool for several reasons, as mentioned below:

Protection for children

Protection for spouse

Helps you leave a legacy

Compensation for income
loss

Life insurance offers a safety net to ensure the well-being of your children in your absence. The financial support provided by a life insurance policy can help cover their education, healthcare and other essential needs

Life insurance provides a layer of protection for your spouse, ensuring that they can maintain their lifestyle and financial stability

Life insurance empowers you to leave behind a lasting legacy for your loved ones and support their financial goals and aspirations

In the unfortunate event of your demise, your loss of income can introduce financial challenges for your loved ones. Life insurance can bridge this gap by replacing your income and allowing your family to live without financial strain

How to pick the right life insurance plan for your family?

While picking out the right life insurance plan for your family, make sure to pay attention to the following aspects:

  • Claim settlement ratio: This is the number of claims that an insurance company receives in a year versus the number of claims it settles in the same year. The higher the claim settlement ratio, the more reliable is the insurer, thus there is a lower chance of your claim getting rejected
  • Solvency ratio: The solvency ratio indicates the insurance company’s ability to meet its debt obligations. It gives you an insight into the insurer’s cash flow and financial health. Pick an insurer with a high solvency ratio to ensure financial security
  • Premium: Affordable premiums can help you save money. Look for a life insurance plan that offers cost-effective insurance premiums
  • Claim settlement process: Pick an insurance company with a simple claim settlement process. This will ensure that you and your family members do not face any hassles at the time of claim settlement
  • Customer feedback: A positive customer feedback can help you gauge the insurance company’s performance and willingness to assist its customers. You can look for customer reviews online or refer to friends and colleagues for recommendations when purchasing a life insurance policy

How to pick the right life insurance plan?

Remember, low premiums do not mean the right policy. Look for other factors such as the claim settlement ratio of the insurer, the ease of buying the policy, and more.Arrive at an adequate sum assured. Ideally, it should be at least 15-20% of your current annual incomeBuy suitable additional benefits, as per your requirement like an accident coverage and critical illness coverageYOU CAN KEEP IN MIND THESE POINTS WHILE CHOOSING A LIFE INSURANCE PLAN FOR YOURSELFChoose a plan that provides regular income to your family after your death1234

Which is the right Life Insurance policy for you?

Well, different types of policies suit different types of people. Someone who is willing to take some risk and knows a little about investments may go in for a ULIP. Someone who only wants the protection aspect of life insurance may prefer a term insurance policy.

You can find some nifty optional features offered by ICICI Prudential iProtect Smart Term Insurance

 CRITICAL ILLNESS BENEFIT*^

This feature pays you a certain sum of money on the diagnosis of a critical illness like heart attacks and cancer. With providers such as ICICI Prudential, a defined amount is paid regardless of your actual medical expenses. This saves you the hassle of showing bills and getting reimbursed, as with medical insurance. If your life cover exceeds the critical illness amount, the balance cover will remain intact.

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 Accidental Death Benefit+*

Accidents are all too common in India with our unruly traffic and tough driving conditions. This feature pays your family an additional amount if your death is due to an accident.

 STEADY INCOME AFTER DEATH

Many families have a tough time managing monthly expenses after death. Hence, companies like ICICI Prudential Life Insurance give you the option of giving your family a steady income after your death rather than a lump sum which they may have difficulty managing.

You can choose all or any of these options depending on what is offered to you by the life insurance company.

What is Human Life Value, and why should you consider it before deciding on
your life cover+?

Human Life Value (HLV) represents the current value of your future income, expenses, financial liabilities and investments. Expressed as a figure, HLV helps you determine the amount of money needed to secure your loved ones with life insurance in the unfortunate event of your demise.

HLV can guide you in selecting insurance plans that optimally protect your family financially. This parameter can help you identify potential income loss and the rise in liabilities in your absence. It considers factors like your age, gender, income, occupation, likely retirement age and more.

HLV eliminates confusion and ensures that your chosen life coverage+ comprehensively safeguards your loved ones. It empowers you to make informed decisions that provide certainty in protecting your family's financial future.

How much Life Insurance cover do I need?

  • Early AdulthoodEarly Adulthood 20 – 30 years At this stage in your life, you can pick a life insurance policy with a sum assured that is at least 10 times3 your annual salary plus your outstanding loans. Such a sum will help your family in your absence and also beat inflation. Term plans, endowment plans, and unit-linked investment plans can be a suitable pick at this age. Remember, the younger you are, the easier it is to get a life insurance plan and the lower is the premiums
  • Middle AdulthoodMiddle Adulthood 30 – 45 years At this stage in your life, you would likely be married and have children. Hence, you must consider your children’s and spouse’s needs when picking out a life insurance plan. Take into account the future education costs and inflation and try to opt for a life cover that is at least 15 times your annual salary plus your outstanding loans. You can invest in term plans, endowment plans, and unit-linked investment plans at this age. In addition to this, if you have children, you can also invest in child plans. Moreover, starting your retirement planning with pension plans can be an excellent idea at this age too
  • Mature AdulthoodMature Adulthood 35 – 45 years Your children will most likely be starting college in a few years at this age. Hence, you must account for their graduation, post-graduation, and marriage expenses. Try to opt for a life cover that is 15 – 20 times your annual salary plus your outstanding loans. You can continue to invest in term plans, endowment plans, pension plans, and unit-linked investment plans
  • Late AdulthoodLate Adulthood 45 - 55 years Since your financial responsibilities towards your children are likely to be less in retirement, you can opt for a life cover at least 10 times your annual salary plus your outstanding loans. In this age bracket, you can consider purchasing a term insurance plan and a pension plan like an annuity plan

Factors that affect life insurance premium

Your life insurance premium depends on several factors. The main factors contributing towards the calculation of life insurance premium include your age, the type of coverage you are opting for, the amount of coverage, and personal factors such as smoking status, occupational status, and more.

Should you buy more than one life insurance policy?

The decision to purchase multiple life insurance policies depends on your circumstances, objectives and financial situation. Having multiple policies can provide broader coverage and potentially cover more risks. Moreover, if one plan’s claim is rejected or the coverage is insufficient, another policy can act as a safety net for your family.

While multiple policies can offer enhanced coverage and serve as a backup, they also come with increased premiums that might interfere with your current financial goals. Managing several policies can be complex and increases the risk of missing premium payments. This may lead to lapses in coverage.

It is important to consider the benefits against the drawbacks to determine if the added protection from multiple policies is worth the increased expenses.

What are the advantages of buying a life insurance plan online vs. offline?

ONLINE VS OFFLINE

  • COST EFFICIENCY

    You may get an online discount when you buy online.

  • CONVENIENCE

    You can buy insurance from the comfort of your house.

  • CUSTOMIZATION

    With several optional benefits available, you can customize your insurance policy as per your needs.

  • CUSTOMER SUPPORT

    With several optional benefits available, you can customize your insurance policy as per your needs.

What are the payout options available for ICICI Pru Life Insurance Plans?

ICICI Pru Life Insurance Plans like ICICI Pru iProtect Smart offer flexible payout options that cater to every type of policyholder. You can choose from 4 payout options. These are:

LUMP-SUM

The agreed life cover is paid as a fixed amount to the nominee in case of policyholder’s unfortunate death.

INCOME

This option provides claim payout in equal monthly installments so that family’s monthly financial needs are taken care.

INCREASING INCOME

Your nominee will receive monthly installments for 10 years. Income amount will increase by 10% per annum simple interest every year. This option provides a 45% additional life cover.

LUMP-SUM PLUS INCOME

The life cover gets paid in two parts, as you mention during policy inception. You can choose to receive half of the amount in a lump sum manner and the rest as equal monthly installments.

Steps to buying a Life Insurance Policy Online


  • 1Life insurance plans come with various options. It is important to pick a plan that is the most suitable to your unique needs, budget, and family’s future requirements
  • 2Select an insurance company that has a positive reputation and offers good customer service, timely and quick claim settlements, and a simplified claim process
  • 3Select the policy term, type of cover, sum assured, and riders for your life insurance policy judiciously. Check the premium and go ahead if it fits your budget
  • 4Submit all the relevant information like your identity, age, income, and address proofs. You may also be asked to submit photographs and take a medical test
  • 5Pay the premium online using your debit card, credit card, net banking, payment wallets or UPI

Important documents to buy a life insurance policy

  • Identify proof
  • Address proof
  • Age proof
  • Medical history/ diagnosis reports
  • Passport sized photographs
  • Bank statements

Important documents to get your Life Insurance claim amount easily

How to file a life insurance claim?

You can file a life insurance policy claim online, at a physical branch central office, or on our central ClaimCare helpline through SMS or e-mail by following the steps given below:

  • To submit an online claim, please visit the Claims section on the ICICI Prudential website
  • To submit a claim via phone, please call us at our 24x7 ClaimCare helpline number at 1800 2660
  • To submit a claim via email, please e-mail us at claimsupport@iciciprulife.com
  • To submit a claim in person, you can visit a branch near you

    Claim in case of death

    In case of an untimely death of the insured, the nominee can follow the steps given below to raise a life insurance policy claim:

    • Inform the insurer of the unfortunate event using any one of the methods mentioned above – website, call, email, or in person
    • Submit all necessary documents like the death certificate, life insurance policy certificate, hospitalisation documents, and others. KYC proofs of the nominee, like Aadhaar card, PAN card, or any other required document. FIR papers in case of suicide or accidental death, and a cancelled cheque
    • The insurance company will review the documents and issue the settlement

    What happens when there is no nomination or in case of a pre-deceased nominee
    at the time of death claim?

    In such circumstances, we would require the proof of title or succession certificate issued by a competent court. The claim would then be paid to the person specified in the said proof. Such a condition is called 'Open Title' situation.

    If we have accepted the claim but are waiting for the issued certificate of proof, we hold the money till the proof is submitted and pay interest as directed by the Insurance Regulatory and Development Authority of India.

    Claim in case of maturity

    You can follow the steps given below to raise a maturity claim for your life insurance plan:

    • Contact the insurer using any one of the methods mentioned above – website, call, email, or in person
    • Submit your life insurance policy certificate, KYC proofs like Aadhar card, pan card, or any other required document, and a cancelled cheque
    • The insurance company will review the documents and issue the settlement

    Four times you should revisit your life insurance policy

    Below are four crucial situations when you should consider reviewing your policy:

    When you get married

    When you have children

    Parenthood

    When you take a significant loan

    If your dependents face medical concerns

    Marriage brings shared responsibilities. This can be a critical time to reassess your life insurance policy to ensure it reflects your new financial obligations and provides adequate financial protection for your spouse in your absence

    Children can introduce increased financial responsibilities. You must review your policy when you become a parent to ensure uninterrupted financial support for your little ones

    A large loan, such as a house or car loan, can burden your family in your absence. If you take on debt, make sure to reevaluate your insurance coverage+ to ensure it covers the loan

    Your dependents, like children or a spouse, may experience medical issues, such as permanent disability or a lifetime illness that may require substantial financial support. When faced with such a situation, you must ensure your policy can offer the necessary funds for their medical needs

    COMP/DOC/Jan/2024/111/5180

    Life Insurance FAQs

    What are the benefits of Life Insurance?

    There is a wide range of benefits of owning life insurance.

    • Financial safety for family and loved ones
    • High life cover at affordable premiums
    • Tax^ benefits under section 80C and section 10(10D) of Income tax act, 1961
    • Assured income through Annuity plans

    What is the Life Insurance term that I should choose?

    Selecting the tenure of your term insurance plan is as important as the amount of cover. A life insurance policy is usually taken for covering financial risks until the end of your working age. People usually work till 58-60 years. However, in today's times, many work till 65-70 years of age if health condition permits. So, it is better to choose a life insurance term that lasts till you have cleared all your financial liabilities like various loans, education, and marriage of children.

    Which type of life insurance plan is the most affordable?

    A term insurance plan is one of the most affordable life insurance plans in the market. A term insurance plan is a pure protection plan that offers a life cover in case of an unfortunate event during the policy term. There are no survival benefits or the option of saving or investing your money for other financial goals. As a result, its premium is the most affordable. However, the premium can still differ for different people and may be higher for people who smoke or consume alcohol, those who have health issues, people working in dangerous working environments and older people.

    What Life Insurance plan should I buy?

    There is a life insurance plan for every possible financial goal. If you are looking for a simple cover to shield your loved ones against financial risks, choose a term plan. Whole life Insurance plan offers life insurance coverage to the life assured for the whole life. Those looking for a combination of insurance and investment opportunity, a Unit linked insurance plan (ULIP) is the ideal choice. If you want insurance and comfort of savings, select an endowment plan. Periodic returns with an insurance cover can be realized from a money-back plan. A child plan is a right choice to fulfill your child’s life goals like education, marriage, etc. Plan your retirement and retire gracefully with a retirement plan.

    How much life insurance coverage do I need?

    It’s important to get adequate life insurance coverage to ensure optimum financial security for your loved ones. However, the right amount of life insurance coverage that you must buy depends upon several factors, such as your age, annual income, lifestyle, monthly expenses, and the number of people financially dependent on you. As a general rule, you can buy life insurance coverage of almost 10 times3 your current annual income.

    Are proceeds from Life Insurance taxable?

    Proceeds from Life insurance policy is exempt under section 10(10D) of the Income Tax Act, 1961 if: i. Sum paid on Death except in case of a keyman policy
    ii. Sum paid other than in case of Death (i.e., surrender/partial withdrawal/maturity), if

    • For policy issued between April 1, 2003 to March 31, 2012: if Premium does not exceed 20% of Sum Assured (SA to premium is 5 times or more)
    • For policy issued post March 31, 2012: if Premium does not exceed 10% of Sum Assured (SA to premium is 10 times or more)

    Can life insurance premiums be tax deductible?

    Yes, a policyholder can claim deduction for the premiums paid by him or her towards a life insurance policy subject to conditions under Section 80C^ of The Income Tax Act, 1961. The maximum deduction allowed under this section is ₹ 1.5 lakh per financial year. This deduction is available if the policy is purchased by the taxpayer for self, spouse, or children.

    Should I buy Life Insurance?

    Life insurance is a great financial tool. From offering protection against financial risks, over the years life insurance has evolved to provide options for building wealth and generate tax-free^^ maturity.
    You should buy life insurance if you meet any of the following:

    • Have financial dependents
    • Are beginning a family
    • Have a mortgage or other significant debt/loan
    • Are part of a non-child working couple family structure
    • Have children
    • Have specific long-term financial goals

    Are life insurance benefits paid in a lump sum?

    As a policyholder, you can choose how you want your nominee to receive your life insurance benefits. In the case of your unfortunate death during the policy term, your nominee will receive policy benefits as a one-time lump sum payout. Or else, he or she can also receive a portion of the sum assured as a lump sum and the rest of the amount would be paid to them in instalments.

    What is the “Sabse Pehle Life Insurance” campaign?

    “Sabse Pehle Life Insurance” is the first joint mass media campaign launched by the Life Insurance Council of India. This campaign aims to create awareness about the importance of Life Insurance for Indian households.

    Why would a life insurance claim be denied?

    Some common reasons for life insurance claim rejection are providing false information in the application, lapse of the policy due to premiums not paid on time, type of death not covered in the plan etc.

    How long does life insurance take to payout?

    At ICICI Pru Life, the average time for claim decisioning from completion of last requirements was 1.27 days in FY2024

    After receiving the claim request along with mandatory documents, we review the claim and communicate the requirement (if any) or decision the claim within the regulatory timeframe mentioned below

    Average time for death claim decisioning – As per Insurance Regulation And Development Authority Of India (IRDAI)
    Stages of claimTurn around time
    Raising Claim RequirementsWithin 15 days of receipt of claim
    Settlement or Rejection or repudiation of claims where field verification is not requiredWithin 30 days from the date of receipt of last necessary document
    Settlement / Rejection / Repudiation of claims where field verification is requiredField verification to be completed not later than 90 days from the date of receipt of claim intimation and the claim shall be decided within 30 days thereafter

    Can I withdraw money from my insurance policy?

    Yes, some life insurance plans like unit-linked investment plans, savings plans, and others offer the option to withdraw money.

    Is life insurance necessary for senior citizens?

    Buying life insurance is not necessary for senior citizens unless their children or spouse are dependent on them or they have existing loan or debt, which is yet to be settled.

    What is the minimum & maximum age to buy Life Insurance?

    The minimum and maximum age to buy a life insurance policy may differ depending on the company and the plan you choose. The minimum and maximum age to buy our top-selling~~ term insurance plan, ICICI Prudential iProtect Smart, is 18 years and 65 years respectively.

    Can a minor be appointed as Nominee in life insurance?

    A minor can be appointed Nominee, but it is recommended that an appointee be a person who has completed the age of majority.

    How to file a life insurance claim?

    In case of the untimely death of the policyholder, the nominee can file a claim on the life insurance policy. Below are the steps to file a life insurance claim:

    • Step 1 – Intimate the insurance company about the death of the policyholder

    • Step 2 – Fill out a life insurance claim form and attach the required documents. The insurer may ask for the original policy copy, the death certificate of the policyholder, and other relevant documents

    • Step 3 – The insurer will appoint a surveyor to assess the claim

    • Step 4 – Once the surveyor approves the claim, the insurer will transfer the claim amount to the nominee’s bank account within a few working days. In some cases, the insurer may also send the claim amount through a cheque or Demand Draft (DD)

    When can I start to pay the life insurance premiums?

    When you buy a life insurance plan, you also get an option to choose the premium payment method, which can be in the form of monthly, quarterly, semi-annual, or annual payments. You can start paying your life insurance premiums as per the chosen method as soon as your policy is active.

    What if I do not pay my premium on time?

    If you do not pay your premium on time, you will get a grace period of 15 – 30 days, during which you can pay the premium and keep your life insurance policy active. If you pay the premium, your policy will be reinstated. However, if you do not pay the premium, your policy will be deactivated and you will lose all the benefits of the life insurance plan.

    If your plan has a paid-up value and you have paid premiums for a certain period as specified in the policy document, your policy will not be discontinued. In this case, your nominee will receive the paid-up value at the time of death and not the entire sum assured.

    What happens if I stop paying life insurance premiums?

    If you stop paying the life insurance premium, your life insurance policy will be deactivated. You will be given a grace period to complete the payment. If you are unable to do so during the grace period, the plan will lapse permanently.

    Will I have to pay tax on my life insurance policy's maturity benefit?

    The benefits of life insurance plans that are received at the time of maturity are tax-free^, subject to the conditions of Section 10(10D) of the Income Tax Act of 1961. However, keep in mind that these conditions may change with a change in the law.

    What is the average life insurance payout?

    There is no fixed average life insurance payout and you can pick a sum assured of your choice as per your family’s future needs. The payout for a life insurance plan generally differs as per the policy term, age and gender of the policyholder, premiums, occupation of the policyholder, terms and conditions of the policy, and many other similar factors.

    Can life insurance policy payouts be claimed before death?

    Yes, depending upon the kind of life insurance policy you invest in, you can claim some part of the payout before death. For instance, a life insurance plan, such as the unit-linked insurance plan, has a lock-in period of 5 years. Post the lock-in period, you can withdraw funds partially for short term needs. Endowment plans also offer a loan facility after your policy acquires a surrender value. A term insurance plan, on the other hand, may not offer such a facility.

    Hence, claims before death would depend on the type of life insurance product you choose.

    What happens if I outlive my life insurance policy term?

    There will be no survival benefits if you outlive your life insurance policy. However, if you have a return of premium life insurance plan, you will receive the total of all your premiums. If you want to continue the protection, you will either have to buy a new plan or extend your coverage to your whole life.

    What are the documents required for buying a life insurance policy?

    The documents required for buying a life insurance policy may vary from one insurance provider to another. Usually, an insurer asks for the following documents for issuing life insurance policies:

    • A duly filled proposal form
    • Age proof of the proposer or life assured (PAN card, Aadhaar card, Birth Certificate, or others)
    • Photo identity proof (PAN card, masked Aadhaar card, Driving License, Passport, or others)
    • Address proof (Driving license, masked Aadhaar card, Voters ID card, Passport, or others)
    • Income proof (Bank statements, Salary slips, ITR receipts, or others)
    • Medical examination reports of the life assured in case of any previous health history
    • Recent passport-sized photograph

    COMP/DOC/Feb/2023/22/2180

    What do you mean by paid-up value in life insurance?

    If the policyholder fails to pay the premiums after a certain period, such as 3 or 5 years, the insurance company pays a reduced sum assured amount instead of the one chosen at the time of purchase. This reduced amount is known as the paid-up value in a life insurance plan. In the event of death, if no premiums were paid beyond a certain year, the insurance company pays the paid-up value to the nominee and not the original sum assured.

    ADVT NO. W/II/4865/2021-22

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    ICICI Pru Future Perfect

    *GMB will be set at policy inception and will depend on age, policy term, premium, premium payment term and gender. Your GMB may be lower than your Sum Assured on death. Guaranteed Additions (GAs) is a percentage of annualized premium. For monthly premium frequency, 1/12th times GA will be accrued every month on premium payment. For half yearly premium frequency, 0.5 times GA will be accrued on premium payment.
    **Reversionary bonuses may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonuses will be applied through the compounding bonus method. All reversionary bonuses will be declared as a proportion of the sum of the GMB and the accrued reversionary bonuses, if any. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus may also be payable at maturity or on earlier death.
    ^1Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D),115BAC 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. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. ICICI Pru Future Perfect Form No. E21 UIN

    ICICI Pru Signature

    1Amount equal to total of mortality charges and policy administration charges deducted in the policy will be added back to the fund value at maturity, provided all due premiums have been received. This amount will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation. This shall exclude any extra mortality charges and taxes levied on the charges deducted as per prevailing tax laws. Return of Mortality Charges and Policy Administration Charges is not applicable for Whole Life option.
    2Systematic Withdrawal Plan is allowed only after the first five policy years. UIN:

    ICICI Pru Savings Suraksha

    *#Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on policy term, premium, premium payment term, Sum Assured on death and gender. Your GMB may be lower than your Sum Assured on death. Guaranteed Additions (GAs) totalling 5% of GMB each year will accrue during the first five policy years if all due premiums are paid. GAs accrue on payment of due premium.
    ^#Reversionary bonuses may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonuses will be applied through the compounding bonus method. All reversionary bonuses will be declared as a proportion of the sum of the GMB and the vested reversionary bonuses, if any. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus may also be payable at maturity or on earlier death.
    ^2Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D),115BAC 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.. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. ICICI Pru Savings Suraksha UIN

    ICICI Pru Guaranteed Income for Tomorrow

    ^^Guaranteed benefits in the form of lump sum will be payable under Lump Sum Plan option. Guaranteed benefits in the form of regular income will be payable under Income Plan option and Early Income Plan option provided all due premiums have been paid.
    ^3 Tax benefits of ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge) on life insurance premium u/s 80C of ₹1,50,000. Tax benefits under the policy are 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. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above. +Life Cover is the benefit payable on death of the life assured during the policy term.
    *`Benefits from 2nd year onwards is available under the Early Income plan option.
    ~*Additional Maturity Benefit is offered for online sales: For Lump Sum Plan option, 2.5% of Sum Assured on Maturity is applicable for Limited pay. In case of Single Pay in Lump Sum Plan option, 1% of Sum Assured on Maturity is applicable. For Income Plan option, 2.5% of Guaranteed Income is applicable. For Early Income Plan option, 3.5% of Guaranteed Income is applicable. For Single Pay Income Plan option, 1% of Guaranteed Early Income is applicable.

    # One-day claim settlement is a service offered by ICICI Prudential Life Insurance for settling death claims meeting the following conditions - Day 1 is counted from the day of receiving the last document. All due premiums in the policy must have been paid and the policy must have been active for a continuous period of 3 years. Mandatory document to be submitted at Branch Office before 3 pm on a working day- Original policy certificate, copy of death certificate by a local authority, Nominee’s current address proof, photo identity proof, Cancelled cheque, Copy of bank passbook, Copy of medico legal cause of death, Medical records (Admission notes, Discharge / Death summary, Test reports, etc.). For accidental death – Copy of FIR, Panchanama, Inquest report, Driving license. Claim documents submitted prior to 3 pm will be considered for ULIP policies. Interest will be paid on claim amount for every day of delay beyond 1 working day. Applicable only for non-investigative death claims. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of a breach in regulatory turnaround time, interest will be paid as per IRDAI regulations.

    ~~ Source: Company BuyOnline data - Dec 2015 till Mar 2020
    ICICI Pru iProtect Smart UIN .

    ^+ Nothing herein contained shall operate to destroy or impede the right of any creditor to be paid out of the proceeds of any policy of assurance, which may have been effected with intent to defraud creditors. In case of any third party claim in the Courts of India with regards to the insurance proceeds, the amount shall be subject to the judiciary directions. Please seek professional legal advice for the applicability of this provision.

    *^ Accelerated Critical Illness Benefit (ACI Benefit) is optional and available under Life & Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. Medical documents confirming diagnosis of critical illness needs to be submitted. The benefit is payable only on the fulfillment of the definition of the diagnosed critical illness. The ACI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the ACI Benefit paid. The future premiums payable under the policy will reduce proportionately. If ACI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the ACI Benefit. To know more in detail about ACI Benefit, terms & conditions governing it, kindly refer to sales brochure. ACI Benefit term would be equal to policy term or 30 years or (75-Age at entry), whichever is lower.

    ^Tax benefits are subject to conditions prescribed under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses 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.

    +* Accidental Death benefit (ADB) is up to ₹ 2 crores (subjected to underwriting guidelines). ADB is available in Life Plus and All in One options. In case of death due to an accident Accidental Death Benefit will be paid out in addition to Death Benefit. Accidental Death Benefit will be equal to the policy term or (80-Age at entry), whichever is lower.

    ^` The premium of ₹ 540 p.m. has been approximately calculated for a 18 year old healthy male life with monthly mode of payment and premiums paid regularly for the policy term of 36 years with income payout option with Life Cover of ₹ 1 crore. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

    3How much life cover do you need? Source: Economic Times, https://economictimes.indiatimes.com/wealth/insure/how-much-life-cover-do-you-need/articleshow/53037661.cms

    4Unit Linked products are different from traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/ her decisions. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the Insurance company.

    ^$The premium of ₹540 p.m. has been approximately calculated for a 18 year old healthy male life with monthly mode of payment and premiums paid regularly for the policy term of 36 years with income payout option with Life Cover of ₹1 crore. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

    ICICI Pru Smart Life UIN: 105L145V08

    ICICI Pru Guaranteed Pension I13 & I14 UIN: 105N181V03

    ICICI Pru Guaranteed Income For Tomorrow UIN:

    ICICI Pru Signature UIN: 105L177V06

    ADVT NO. W/II/2204/2020-21

    COMP/Doc/Feb/2020/62/3201


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