Icici Prudential vs Lic Pension Plans

  • Top life insurers to choose from
  • Multiple sum assured options
  • Choice of premium-payment term
Happy Customers

Buy Policy in 2 mins

With expert guidance

Buy Policy in just 2 mins

2 lakh + Customers

Real-time Reviews

Easy and Efficient

Free Comparison

Easy Comparison

30

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

GENDER

Select Insurer

Compare

Icici Prudential vs Lic Pension Plans

COMPANY DETAILS Edit ICICI Prudential Life Insurance

Icici Prudential

 Edit LIC Pension Plan

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

Annual Premiums Collected (2024-25)

950.71 cr

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

-
Claim ratio

Claim ratio

99.3%%

Claim ratio

Minimum Age- 30 year%
Solvency Ratio

Solvency Ratio

2.12

Solvency Ratio

85 years
Branches

Branches

506

Branches

Annual, half-yearly,
Riders Available

Riders Available

Terminal Illness Benefit, Income Benefit Rider, Waiver of Premium, Critical Illness Benefit, Permanent and Partial Disability Benefit, Accidental Death Benefit

Riders Available

10 to 30 years
Policy Term

Policy Term

5 to 40 years

Policy Term

10 to 40 years
Recommended Videos
Best ICICI Prudential Life Insurance Plans

Best ICICI Prudential Life Insurance Plans

3 Best LIC Pension Plans

3 Best LIC Pension Plans

Overview

ICICI Prudential Life Insurance

ICICI Prudential is among the most dominant players in India's insurance sector, having commenced operations in 2001. The company was founded on the principle of customer-centricity, offering long-term savings and protection products to meet diverse life stage requirements. It has consistently ranked among the top companies in the Indian life insurance sector. As of March 31, 2022, ICICI Prudential's Assets Under Management (AUM) stood at INR 2,404.92 billion.

ICICI Prudential Life Insurance caters to your insurance needs by offering:

  • Variety of plans
  • Multiple options to purchase
  • Affordable premiums
  • Good customer support

Riders

Riders You Can Avail With ICICI Life Insurance Plans

Name of the RiderBenefits
ICICI Prudential Accidental Death RiderOffers an additional payout if the insured dies due to an accident during the policy tenure.
ICICI Prudential Critical Illness Plus RiderA lump sum is offered if the policyholder is diagnosed with any of the critical illnesses mentioned in the policy document.
ICICI Prudential Permanent & Partial Disability RiderThe insurance company pays a certain sum assured for the next five or ten years in case of permanent or partial disability.
ICICI Prudential Income Benefit RiderOffers a regular source of income to the family in case of the policyholder's demise or disability.
ICICI Prudential Waiver of Premium RiderWaives all future premiums in case of the policyholder’s death, ensuring policy benefits remain unchanged.

Consult for Personalized Insurance Advice

Contact With Advisor

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Life Insurance Companies

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

ICICI Prudential Life Insurance

ICICI Prudential is among the most dominant players in India's insurance sector, having commenced operations in 2001. ICICI Prudential Life is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited.

ICICI Investment Plans Plans

ICICI Investment Plans

ICICI Pru Signature Plan

ICICI Pru Signature Plan

ICICI Pru Signature is a ULIP that combines life cover with wealth creation, helping you protect your family while growing your investments. It provid...

Unique Features

  • Life Cover
  • Wealth Boosters
  • Return of Premium Allocation Charges

ICICI Pru Signature Plan (Pros)

ICICI Pru Signature Plan
  • Return of Premium Allocation Charges
  • Systematic Withdrawal Plan (SWP)

ICICI Pru Signature Plan (Cons)

ICICI Pru Signature Plan
  • 1 Year WP for Suicide
  • No Policy Loans
  • No Pre-existing Conditions

ICICI Pru Signature Plan (Other Benefits)

ICICI Pru Signature Plan
  • Improved wealth creation
  • Transparent charge structure
  • Long-term protection

ICICI Pru Signature Plan (Eligibility Criteria)

ICICI Pru Signature Plan
  • Entry Age - 0 Years
  • Max Entry Age - 70 years
  • Min SA - 0-39 years- 1.25 X Single Premium
  • Above 40 years- 10 X Single Premium
  • Maximum Maturity Age - 99 years
  • Premium Payment Term - RP/SP/LP

Quick and Free Quick Comparison with Other Insurers

Sbi Life
Kotak Mahindra Life
Aditya Birla Sun Life
Tata Aia Life
Indiafirst Life
Pnb Metlife
Reliance Life
Bharti Axa Life
Sud Life Insurance
Future Generali Life
Shriram Life
Ageas Federal
Pramerica Life
Bandhan Life
Edelweiss Tokio Life
Exide Life
Sahara India
Bajaj Life
Axis Max Life
Canara Hsbc Life
Lic Life Insurance
Hdfc Life
Go Digit Life Insurance
Acko Life Insurance Company
Icici Prudential
Sbi Life
Kotak Mahindra Life
Aditya Birla Sun Life
Tata Aia Life
Indiafirst Life
Pnb Metlife
Reliance Life
Bharti Axa Life
Sud Life Insurance
Future Generali Life
Shriram Life
Ageas Federal
Pramerica Life
Bandhan Life
Edelweiss Tokio Life
Exide Life
Sahara India
Bajaj Life
Axis Max Life
Canara Hsbc Life
Lic Life Insurance
Hdfc Life
Go Digit Life Insurance
Acko Life Insurance Company
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.

You May Also Know About:

Term Insurance Life Insurance Life Insurance Companies Child Plans Investment Plans Pension Plans ULIP Plans