Icici Ulip Plans vs Bajaj Life Life Insurance 2026 | PolicyX

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Overview

ICICI ULIP Plans: Overview

ICICI ULIP Plans are an excellent option to secure your future. ICICI Prudential Life Insurance provides a wide variety of ICICI ULIP Plans. Since its inception in 2000, ICICI has been among the top players in insurance, providing smart insurance tools. ICICI Prudential Savings Plans help secure your future and build financial independence.

ICICI Prudential has been a dominant player in India's insurance sector since commencing operations in 2001. Founded on customer-centricity, ICICI Prudential offers long-term savings and protection products designed to meet diverse life stage requirements. ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited.

ICICI ULIP Plans help individuals build a financial corpus for goals like a child's marriage, education, or retirement. ICICI ULIP Plans offer the dual benefit of life cover and investment. Premiums paid are invested in various fund portfolios, typically chosen by the policyholders.

ICICI ULIP Plans address your investment needs by offering:

  • Consistent savings
  • Flexibility to handle the portfolio
  • Life insurance cover
  • Consistent growth
COMPANY DETAILS ✎ Edit

Icici Ulip Plans

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Bajaj Life

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

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh 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

Payout Options

Minimum Age- 14 year%

Payout Options

99.33%%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

2.6
Pan India Presence

Pan India Presence

Annual, half-yearly,

Pan India Presence

598
Riders Available

Riders Available

10 to 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

10 to 30 years

Policy Term

10 to 40 years
Inception year

Inception year

-

Inception year

27,160.06 cr
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

2001
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
IRDAI registration number

IRDAI registration number

-

IRDAI registration number

116
Awards and recognitions

Awards and recognitions

-

Awards and recognitions

India's Greatest Brand 2024/25, 1st Rank in PMFBY Performance Ranking by the Government of India, Best Fraud Risk Management Program Award
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Bajaj Life Insurance Plans

Bajaj Life Insurance Plans

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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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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