ICICI Prudential Investment Plans

ICICI Prudential Investment Plans

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ICICI Prudential Investment Plans In India

ICICI Prudential Life Insurance Company Ltd. (ICICI Prudential Life) is a joint venture between ICICI Bank Ltd. which is one of the India's largest banks in the private sector and the Prudential Corporation Holdings Limited.

ICICI Prudential life insurance company started its operations in 2001 and since then it is constantly being the leader of the market amongst the private players of life insurance industry. The Assets Under Management (AUM) of the company as on 31st March 2017 were Rs. 1,229.19 billion.

The company works on the core philosophy of consumer centricity. It offers long-term savings and protection insurance policies which can easily meet the different needs of people at different stages of life. The company keeps trying to offer affordable yet attractive and helpful insurance policies at cost-effective price. All of the products have superior quality services, continuous fund performance and a hassle-free claim settlement experience for all.

ICICI Prudential life insurance Company is the first private life insurer that attains assets under management of Rs. 1 trillion and in-force sum assured of over Rs. 3 trillion. It is also the first life insurance company in India to be listed on NSE and BSE.

What Are Investment Plans?

Investment planning is the process of matching your financial goals and objectives with your financial resources. Investment planning is a core component of financial planning. It is impossible to have one without the other. Investment planning is a process that begins when you are clear on your financial goals and objectives. There are thousands of different investments and one such investment is in Insurance Plans. How these insurance plans help you in Investment?

  • They are long-term and money cannot be withdrawn from the plans.

  • These plans can be offered as participating and non-participating. Participating plans ensure you to participate in company’s profits and earn- bonuses which is not there in the case of non-participating plans.

  • The plans can be issued as issued as Endowment, Money Back or ULIP plans.

Awards

  • The new-age Life Cover Plan, iProtect Smart was recognized for its innovation and voted ‘Product of the Year 2016’.

  • Ranked as one of the best brands in BFSI sector twice in a row as per 'BrandZ Top 50 Most Valuable Brands 2015', a study conducted by Millward Brown and published by WPP.

  • The 1st prize for Innovation at the Qimpro Awards, 2014.

  • Ranked as one of the best brands in BFSI sector as per 'BrandZ Top 50 Most Valuable Indian Brands 2014', a study conducted by Millward Brown and published by WPP.

  • Brand campaign 'Achche Bandeh', was awarded the ‘Silver Effie’ in the financial services category.

Investment Plans: Key Benefits

  • Pure-term insurance plan.

  • Policy time period of a flexible five years.

  • Maximum sum assured for minimum premium is of 5 lakhs.

  • Assured benefits with returns of 101% on premiums.

  • Numerous wealth boosters and loyalty additions to existing plans.

  • Specific tax reductions on premiums with gain amount that is paid on maturity.

  • Pay premium online, and ICICI PRU life insurance coverage status can be tracked online as well.

Types of ICICI Prudential Investment Plans

ICICI Pru Life Time Classic

ICICI Pru Life Time Classic is the new ULIP plan. Premium starts at Rs. 2,500 per month: The mentioned minimum premium is applicable under the premium payment mode of Limited Pay and Regular Pay. The minimum premium amount under the single pay is Rs 50,000.

ICICI Pru SmartKid

It is a plan that will work like a good investment if nothing happens to you and you get the fund value on maturity. Premium you pay will be invested in your choice of equity, debt or balanced funds to build a corpus for your child's future.

ICICI Pru Elite Life Super

This plan offers life cover to protect your family.In case death of the policyholder, the nominee receives the life cover amount as a lump sum payout. Offers the choice to invest different funds that include 5 Equity, 2 Debt and 2 Balanced and switch between them anytime.

ICICI Pru Elite Wealth Super

Under this plan you have the authority to choose from 4 portfolio strategies as per your investment styles to accomplish financial goals. Allows you to invest in 9 diverse funds that includes 5 Equity, 2 Debt and 2 Balanced fund as per your choice to get the better return.

ICICI Pru Guaranteed Wealth Protector

It is basically a unit linked insurance plan that offers the potential for high returns, by investing a portion of your money in equity, while also providing the dual assurances of assured benefit & life cover .

ICICI Pru Smart Life

ICICI Pru Smart Life is a unit linked insurance plan that provides you with multiple choices to invest towards your financial goals & smart benefit which ensures that wealth accumulation continues, even after you are not around. Allows you to select from fixed portfolio strategy or lifecycle based portfolio strategy as per your risk appetite.

FAQ's

1
What shouId I do if I misplace my insurance policy?

In case you misplace your insurance coverage, you may request a copy by visiting nearest ICICI Prudential life insurance branch.

2
What happens if my coverage lapses or are discontinued?

The coverage holder loses out on all of the benefits of the plan. After discontinuance of the coverage, it cannot be withdrawn. The policyholder would get hold of the invested amount.