Sbi Life vs Icici Life Investment Life Insurance 2026 | PolicyX
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At a glance

Which insurer is ahead on the figures both publish

Claim settlement ratio

Sbi Life

98.83%Sbi Life Minimum Age - 5 year%Icici Life Investment

Share of death claims the insurer paid

Solvency ratio

Icici Life Investment

1.96Sbi Life 80 yearsIcici Life Investment

IRDAI minimum is 1.5

COMPANY DETAILS ✎ Edit

Sbi Life

 ✎ Edit

Icici Life Investment
Customer rating

Customer rating

4.6 / 5

Customer rating

4.6 / 5
Life insurance plans listed

Life insurance plans listed

2 plans ❯

Life insurance plans listed

4 plans ❯
Annual premiums collected (2024-25)

Annual premiums collected (2024-25)

₹ 84,984.63 cr

Annual premiums collected (2024-25)

₹ Rs 50,000 to No limit
Claim settlement ratio

Claim settlement ratio

98.83% Higher

Claim settlement ratio

Minimum Age - 5 year%
Solvency ratio

Solvency ratio

1.96

Solvency ratio

80 years Higher
Pan India presence (branches)

Pan India presence (branches)

1154

Pan India presence (branches)

Annual, half-yearly,
Riders available

Riders available

Not available

Riders available

Minimum term - 6 years Maximum term - 30 years
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Plans from Sbi Life and Icici Life Investment

Every plan we list from each insurer, including its term and investment plans. Switch insurer to see the other's plans.

Sbi Life Insurance Plans

SBI Life Smart Flexi Term Plus

SBI Life Flexi Smart Plus is a non-linked, participating variable life insurance plan combining comprehensive life cover with inv… Read More

  • Offers Surrender Benefit
  • Tax Benefits Available
  • 100% Guaranteed Returns
Sum assuredAnnual, half-yearly, quarterly & monthly
Entry ageMinimum Age - 18 years, Maximum Age - 6…
View plan
Term Plan

SBI Life Smart Shield Premier

The SBI Life Smart Shield Premier is a term plan offering high life cover starting from ₹2 Crore, with options for level or incre… Read More

  • High Life Cover Starting from ₹2 Crore
  • Level or Increasing Cover
  • Coverage Up to Age 85
Sum assuredLimited pay, regular pay
Entry age18 years-60 years
View plan
Investment Plan

ICICI Life Cash Advantage

The ICICI Life Cash Advantage Investment Plan is a non-linked life insurance savings plan that combines protection with guarantee… Read More

  • Guaranteed Cash Benefit
  • Life Cover
  • Policy Loan
Sum assured5/10 Years
Entry ageMinimum Age - 30 Days, Maximum Age - 60…
View plan
Investment Plan

ICICI Life Savings Suraksha

The ICICI Life Savings Suraksha Investment Plan combines savings and protection, helping individuals achieve financial goals whil… Read More

  • Guaranteed additions
  • Multiple premium options
  • Additional bonuses
Sum assuredLimited Pay (5, 7, 10, 12 years) and Re…
Entry ageMinimum age: 0 years, Maximum age: 60 y…
View plan
Investment Plan

ICICI Assured Savings

ICICI Life Assured Savings Plan combines life cover with guaranteed returns, offering annual additions of 9% to 11% to the base s… Read More

  • 9% to 11% Guaranteed Additions
  • Guaranteed maturity benefits
  • Special Surrender Value (SSV)
Sum assured5/7/8/10/12 years
Entry ageMinimum age - 0 years Maximum age - 60…
View plan
Investment Plan

ICICI Life Future Perfect

The ICICI Life Future Perfect Investment Plan is a versatile savings and protection-oriented life insurance solution designed to… Read More

  • Guaranteed Additions
  • Flexible PPT
  • Cash Bonuses
Sum assured5/7/10/15/20 years
Entry ageMinimum age - 91 days Maximum age - 55…
View plan
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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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