Icici Prudential Investment vs Bajaj Life

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Icici Prudential Investment vs Bajaj Life

COMPANY DETAILS Edit ICICI Prudential Investment Plans

Icici Prudential Investment

Edit Baja Life Insurance

Bajaj Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

000 to No limit

Annual Premiums Collected (2024-25)

160.06 crore
Payout Options

Payout Options

-

Payout Options

Bajaj Life Insurance plans offer flexible payout options, allowing nominees to receive benefits as a
Claim ratio

Claim ratio

Minimum Age - 5 year%

Claim ratio

99.33%%
Solvency Ratio

Solvency Ratio

80 years

Solvency Ratio

2.6
Branches

Branches

Annual, half-yearly,

Branches

598
Riders Available

Riders Available

Minimum term - 6 years Maximum term - 30 years

Riders Available

Bajaj Life Insurance claim forms are available for download on their official website or can be obtained from any Bajaj Life Insurance branch office.
Policy Term

Policy Term

5 to 12 years

Policy Term

10 to 40 years
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Bajaj Life Insurance Plans

Bajaj Life Insurance Plans

Overview

ICICI Prudential Investment Plans: Overview

ICICI Prudential Life Insurance provides a wide variety of ICICI Investment plans. One such insurance product offered by the company is its savings and money-back investment plans, catering to the multiple needs of customers. Investment plans like ICICI Pru Savings Suraksha, ICICI Pru Signature, ICICI Pru Smart Kid, and more are designed to give you calculated financial planning.

ICICI Prudential Savings Plans help you secure your life and allow you to build a financially independent future. ICICI Prudential Investment Plans help individuals build a financial corpus for a child's marriage or schooling, or for retirement. ICICI Investment Plans help people invest in plans that give larger returns and allow them to secure their future.

ICICI Prudential is among the most dominant players in India's insurance sector, having begun its operations in 2001. ICICI Prudential laid its foundation with the value of customer-centricity, offering long-term savings and protection products to meet the different life stage requirements of customers.

ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. It has consistently been among the top companies in the Indian Life insurance sector. ICICI Assets Under Management (AUM) on 31st March 2022 were INR 2,404.92 billion.

ICICI Prudential Investment Plans look after your investment needs by offering:

  • Regular Savings
  • Flexibility of Investment
  • Potential for Growth
  • Greater Rewards for Staying Invested

Riders

Riders You Can Avail with Bajaj Life Insurance Plans

Name of the rider Benefits
Bajaj Waiver of Premium Benefit Rider Future premiums are waived in case of the policyholder's demise due to accidental death, disability, or any of the 11 critical illnesses mentioned.
Bajaj Family Income Benefit Rider 1% of the sum assured is offered for a rider term or 10 years as family income in case of accidental death, disability, or diagnosis of any of the 11 critical illnesses.
Bajaj Accidental Death Benefit Rider In case of the policyholder's demise due to an accident, an additional payout is given to the nominee along with the base sum assured.
Bajaj Accidental Permanent Total/Partial Disability Benefit Rider Additional payout is offered in case of total or partial disability of the policyholder due to an accident.
Bajaj Critical Illness Rider Benefits are offered to the nominee in case of the policyholder's demise due to any of 11 listed critical illnesses.

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ICICI Prudential

ICICI Prudential Investment Plans help an individual to build a financial corpus for a child's marriage or schooling, or for retirement. ICICI Investment Plans help people to invest in plans that give larger returns and allow them to secure their future.

Investment Plan Plans

Investment Plan

Achieve your life goals with ICICI Pru Guaranteed Income for Tomorrow – secure savings, guaranteed returns, and financial security. ICICI Pru Guara...

Unique Features

  • Discount on Sum Assured
  • Guaranteed Additions
  • 2 Rider Benefits

ICICI Guaranteed Income for Tomorrow (Pros)

ICICI Guaranteed Income for Tomorrow
  • Loan Benefit
  • Tax Benefits
  • Maturity Benefit

ICICI Guaranteed Income for Tomorrow (Cons)

ICICI Guaranteed Income for Tomorrow
  • No pre-existing condition
  • Suicidal exclusion
  • No drug consumption

ICICI Guaranteed Income for Tomorrow (Other Benefits)

ICICI Guaranteed Income for Tomorrow
  • 4 Plan options
  • Death benefit
  • Surrender value

ICICI Guaranteed Income for Tomorrow (Eligibility Criteria)

ICICI Guaranteed Income for Tomorrow
  • Minimum entry age - 18 years
  • Maximum entry age - 60 years
  • Minimum sum assured - NA
  • Maximum sum assured - NA
  • Maximum policy term - 20 years

Investment Plan

ICICI Pru Cash Advantage is a non-linked individual life insurance savings plan that offers comprehensive benefits of savings and protection. This pla...

Unique Features

  • Guaranteed Cash Benefit
  • Life Cover
  • Policy Loan

ICICI Pru Cash Advantage (Pros)

ICICI Pru Cash Advantage
  • Loan Benefit
  • Tax Benefits
  • Maturity Benefit

ICICI Pru Cash Advantage (Cons)

ICICI Pru Cash Advantage
  • Pre-existing Condition Exclusion
  • Suicide Exclusion
  • Death Due to Aviation Accident

ICICI Pru Cash Advantage (Other Benefits)

ICICI Pru Cash Advantage
  • Flexible Premium Payment
  • Death Benefit
  • Surrender Value

ICICI Pru Cash Advantage (Eligibility Criteria)

ICICI Pru Cash Advantage
  • Minimum Entry Age: 1 year
  • Maximum Entry Age: 60 years
  • Minimum Sum Assured: 7 times available SA
  • Maximum Sum Assured: 10 times available SA
  • Maximum Policy Term: 20 years

Investment Plan

'A combination of savings and protection plan.'ICICI Pru Savings Suraksha is a financial plan that helps you save for future financial goals and provi...

Unique Features

  • Guaranteed additions
  • Multiple premium options
  • Additional bonuses

ICICI Prudential Savings Suraksha (Pros)

ICICI Prudential Savings Suraksha
  • Death benefits
  • Surrender benefits
  • Maturity benefits on survival

ICICI Prudential Savings Suraksha (Cons)

ICICI Prudential Savings Suraksha
  • Exclusion for pre-existing conditions
  • Suicidal exclusion
  • Aviation accident exclusion

ICICI Prudential Savings Suraksha (Other Benefits)

ICICI Prudential Savings Suraksha
  • Revisionary bonus
  • Terminal bonus
  • Free-look period

ICICI Prudential Savings Suraksha (Eligibility Criteria)

ICICI Prudential Savings Suraksha
  • Minimum entry age: 0 years
  • Maximum entry age: 60 years
  • Minimum sum assured: 7 times annualized premiums
  • Maximum sum assured: 10 times annualized premiums
  • Maximum policy term: 30 years

Investment Plan

‘Save smartly with ICICI Pru Assured Savings to get guaranteed returns and life cover’. There's no harm in saving some money for the future. ICICI...

Unique Features

  • 9% to 11% Guaranteed Additions
  • Guaranteed maturity benefits
  • Special Surrender Value (SSV)

ICICI Assured Savings (Pros)

ICICI Assured Savings
  • Special Surrender Value
  • Guaranteed Benefits
  • Tax Benefits

ICICI Assured Savings (Cons)

ICICI Assured Savings
  • Pre-existing conditions not covered
  • Suicidal exclusion
  • Aviation accident exclusion

ICICI Assured Savings (Other Benefits)

ICICI Assured Savings
  • Flexible premium payment
  • Loan benefit
  • Death benefit

ICICI Assured Savings (Eligibility Criteria)

ICICI Assured Savings
  • Minimum entry age - 0 years
  • Maximum entry age - 60 years
  • Minimum sum assured - 84
  • 000
  • Maximum sum assured - 4 Lakhs
  • Maximum policy term - 20 years

Investment Plan

Build wealth, secure dreams: The ICICI Prudential Future Perfect Plan helps you achieve a brighter future. Savings alone won't make your dreams come t...

Unique Features

  • Guaranteed Additions
  • Flexible PPT
  • Cash Bonuses

ICICI Prudential Future Perfect (Pros)

ICICI Prudential Future Perfect
  • Guaranteed Surrender Value
  • Revive Policy
  • Tax Benefits

ICICI Prudential Future Perfect (Cons)

ICICI Prudential Future Perfect
  • No pre-existing condition
  • Suicide exclusion
  • Aviation accident

ICICI Prudential Future Perfect (Other Benefits)

ICICI Prudential Future Perfect
  • Revisionary Bonus
  • Loan benefit
  • Death benefit

ICICI Prudential Future Perfect (Eligibility Criteria)

ICICI Prudential Future Perfect
  • Minimum entry age: 91 Days
  • Maximum entry age: 58 years
  • Minimum sum assured: 84
  • 000
  • Maximum sum assured: 4 Lakhs
  • Maximum policy term: 25 years

Bajaj Life Insurance

Bajaj Life Insurance offers a diverse range of insurance solutions, including term insurance plans, ULIPs, retirement plans, savings plans, child plans, and much more.

Life Plan Plans

Life Plan

The Bajaj POS Goal Suraksha Plan combines a life insurance plan and a savings plan. It offers death benefits to your loved ones in case of your unfort...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

Bajaj Life POS Goal Suraksha Plan (Pros)

Bajaj Life POS Goal Suraksha Plan
  • Guaranteed maturity benefit
  • Limited premium payment term
  • Option to take policy loan

Bajaj Life POS Goal Suraksha Plan (Cons)

Bajaj Life POS Goal Suraksha Plan
  • No coverage for pre-existing conditions
  • No surrender benefit
  • No guaranteed benefit

Bajaj Life POS Goal Suraksha Plan (Other Benefits)

Bajaj Life POS Goal Suraksha Plan
  • Return of premium
  • Death benefits in installments
  • Flexible policy term

Bajaj Life POS Goal Suraksha Plan (Eligibility Criteria)

Bajaj Life POS Goal Suraksha Plan
  • Minimum Entry Age: 18 years
  • Maximum Entry Age: 65 years
  • Minimum Sum Assured: ₹30
  • 000
  • Maximum Sum Assured: ₹25 Lakhs
  • Maximum Policy Term: 67 years.
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.