ICICI Prulife

Life Insurance – ICICI Prudential Life Insurance India 2024 (iciciprulife.com)

ICICI Prudential Life Insurance Company Limited is a prominent life insurance provider in India, established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited¹. Here are some key details about their offerings:

Types of Plans

1. Term Insurance Plans:
   • ICICI Pru iProtect Smart: Offers comprehensive protection with options for critical illness cover, accidental death benefit, and waiver of premium on disability².
2. Unit Linked Insurance Plans (ULIPs):
   • ICICI Pru Signature: Combines investment and insurance, allowing you to invest in equity, debt, or balanced funds while providing life cover².
   • ICICI Pru LifeTime Classic: Offers flexibility in investment options and life cover, with loyalty additions and wealth boosters².
3. Child Plans:
   • ICICI Pru SmartKid Solution: Helps secure your child’s education and future goals with lump sum payouts or regular income².
4. Pension Plans:
   • ICICI Pru Easy Retirement: Provides regular income post-retirement to ensure a comfortable life².
   • ICICI Pru Immediate Annuity: Offers immediate regular income for life after a lump sum investment².
5. Savings and Investment Plans:
   • ICICI Pru Guaranteed Income for Tomorrow (GIFT): Provides guaranteed returns along with life cover².
   • ICICI Pru Cash Advantage: Offers a combination of lump sum payouts and regular income².

Key Features

• Flexibility: Options to choose the policy term, premium payment term, and premium payment frequency².
• Tax Benefits: Premiums paid and benefits received are eligible for tax deductions under Section 80C and 10(10D) of the Income Tax Act².
• Riders: Additional benefits like critical illness cover, accidental death benefit, and waiver of premium on disability².

How to Buy

You can purchase ICICI Prudential Life Insurance plans online through their official website³, or through authorized agents and brokers. They also offer customer support to help you choose the right plan based on your needs.