- Covers Death, Terminal Illness3 & Permanent Disability5
- Tax^ Benefits up to ₹ 54,600 u/s 80C, 80D and 10(10D)
Steps to buy
application form
submit documents
check-up
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Rider Options With ICICI Pru Life Plans
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Claim Settlement Process
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Why choose ICICI Prudential Life?
on March 31, 2024
March 31, 2024
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Frequently Asked Questions
- Not enough cover - The cover provided by company's life insurance policy (generally ₹10-15 lakh) may not always be sufficient to sustain your family in case something happens to you.
- Will lose coverage if you change your job - This coverage is dependent on your job. If you leave the job, the insurance cover ends then and there, till you join a new job. The period between the end of the old job and the start of the new one would be without cover.
- Standard policy for all employees, not customized to your needs - The life insurance policies provided by your employer are standardized policies which are not customized according to your specific needs and don't generally contain any provisions for critical illness, terminal illness and disabilities.
- Brand: Choose a well-known brand that is financially strong and sure to be around for a long time. ICICI Prudential Life Insurance is an old and trusted private sector life insurance company in the country with an Assets Under Management value of ₹2.40 tn 18 (as on Mar 31, 2022).
- Claim settlement: Select an insurance company with a consistently high claim settlement ratio and an easy and hassle free claim settlement process. With ICICI Prudential's term plan, you can get your claim settled within 1 day >. The company has a claim settlement ratio of 97.8% (FY 2021-22) ~ and has paid ₹2.04 tn ` in claims (since inception up to Mar 31, 2022) You can check our last 5 years' claim settlement ratio here .
- Additional benefits: Look for additional benefits such as critical illness coverage and accidental death coverage. ICICI Prudential Life term plan provides the option to get health coverage for 34 critical illnesses ## up to ₹1 crore and accidental death coverage 9 up to ₹2 crore.
- Ease and convenience - You can complete your purchase in just a few minutes anytime anywhere. You can explore our plans on your mobile too
- Better control - Buying a term plan online lets you customize it according to your exact needs instead of relying on someone else to do so.
- Complete transparency - As there are no intermediaries involved and you buy directly from the insurance company, the entire process is transparent and you are not set up for any unpleasant surprises later on.
- Full security - Your personal and health information is private and secure.
- Online discount - ICICI Prudential provides up to 5% discount `= when you purchase our term plan online (If you are an ICICI group employee, you get 10% discount throughout the policy term, even if you leave the organization after purchase of the policy).
- Dedicated Relationship Manager - From the moment you purchase a policy till the time you receive the policy kit, a dedicated Relationship Manager will be assigned to you who will assist you at every step, right from uploading of documents to fixing up your medical appointments to any other doubts/issues your might have about our process.
- Terminal Illness Benefit 3: You receive 100% claim payout in case you contract a terminal illness 3
- Permanent Disability Benefit 5: All your future premiums are waived off while your policy continues if you get a permanent disability 5
1. There for you
Taking the customer first approach, we have made the online insurance buying process very easy and seamless. Be it offering 5% discount `= on premiums throughout the policy term or providing assistance at the time of purchase or assigning a dedicated Relationship Manager to assist you every step of the way, you can be assured that ICICI Prudential Life will be there for you.
2. There for your family
At ICICI Prudential Life, we put our customers first and have been striving to improve our claims experience over time. Your family has the option to report claim either online, at our branches, central office, via SMS, e-mail or through our call centre as per their convenience. We also provide an option of door step claim document pick-up (within India). To avail this service, the beneficiary needs to submit a request at claim.support@iciciprulife.com or at our call-centre. Our special ClaimCare team will assess your claim, and inform you in case any further documents need to be submitted. Post receiving all the necessary documents, we will process your claim request. When it comes to settling claims you can trust ICICI Prudential Life's track record of high claim settlement ratios. You have made the right choice by choosing us as your Life Insurance partner.
A term insurance calculator also offers a lot of flexibility wherein you can add or remove benefits/riders based on your requirement, choose how you would want your nominee to receive the life cover` amount in case of unfortunate death as well as choose to pay premiums in a frequency which you would be more comfortable with.