Icici Prudential vs Sbi Pension Plans

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Icici Prudential vs Sbi Pension Plans

COMPANY DETAILS Edit ICICI Prudential Life Insurance

Icici Prudential

 Edit SBI Pension Plans

Sbi 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
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Best ICICI Prudential Life Insurance Plans

Best ICICI Prudential Life Insurance 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.

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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 Waiting Period for Suicide
  • No Policy Loans
  • No Coverage for 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
  • Maximum Entry Age: 70 Years
  • Minimum Sum Assured: 1.25 X Single Premium (for 0-39 years) / 10 X Single Premium (for 40 years and above)
  • Maximum Maturity Age: 99 Years
  • Premium Payment Term: Regular Pay (RP) / Single Pay (SP) / Limited Pay (LP)

SBI Pension Plans

SBI Pension Plans Plans

SBI Pension Plans

SBI Life Retire Smart Plan

SBI Life Retire Smart Plan

SBI Life Retire Smart Plan is a unit-linked, non-participating pension plan that guarantees 101% of all premiums paid by the policyholder on maturity ...

Unique Features

  • Protection After Retirement For A Better Tomorrow
  • Guaranteed Additions Available
  • Get Tax Benefits On Premiums Paid

SBI Life Retire Smart Plan (Pros)

SBI Life Retire Smart Plan

SBI Life Retire Smart Plan (Cons)

SBI Life Retire Smart Plan

SBI Life Retire Smart Plan (Other Benefits)

SBI Life Retire Smart Plan

SBI Life Retire Smart Plan (Eligibility Criteria)

SBI Life Retire Smart Plan

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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.

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