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ICICI Prudential Life Insurance provides a wide variety of ICICI Investment plans. One such insurance product offered by the company is its savings and money-back investment plans, catering to the multiple needs of customers. Investment plans like ICICI Pru Savings Suraksha, ICICI Pru Signature, ICICI Pru Smart Kid, and more are designed to give you calculated financial planning.
ICICI Prudential Savings Plans help you to secure your lives and allow you to build a financially independent future. ICICI Prudential Investment Plans help an individual to build a financial corpus for a child's marriage or schooling, or for retirement. ICICI Investment Plans help people to invest in plans that give larger returns and allow them to secure their future.
ICICI Prudential is amongst the most dominant players in the insurance sector of India, commencing its operations in 2001. ICICI Prudential laid its foundation with the value of customer-centricity wherein ICICI Prudential offers long-term savings and protection products to meet the different life stage requirements of the customers.
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. It has consistently been among the top companies in the Indian Life insurance sector. ICICI Assets Under Management (AUM) on 31st March 2022 were INR 2,404.92 billion.
ICICI Pru Life has been a major player in the insurance industry impacting millions of lives with its services and insurance products. Let's take a look at its key features:
ICICI investment plans fulfill the dual purpose of being an insurance and an investment plan. The policy specifies a death benefit - the amount the nominee will be paid if the policyholder passes away during the term of the ULIP. In addition, if the policyholder survives the term of the ULIP, he/she can also get the maturity value of the ULIP. There are many other benefits of ICICI investment plans such as
ICICI investment plans combine insurance and investment benefits in a single plan. ULIP, or Unit Linked Insurance Plan, offers life cover which is a major benefit over the traditional wealth creation tools.
ICICI Pru Signature offers life cover to secure your family along with flexible investment options.
Unique Features
A plan that offers whole life cover along with the Return of Premium allocation charges and wealth boosters.
Unique Features
A savings and protection-oriented Unit Linked Life Individual Plan offering to protect your family even in case of your unfortunate demise.
Unique Features
A single premium payment gives you a 100% of your money invested in funds of your choice such as equity funds, debt funds, and balanced funds.
Unique Features
A plan with the potential to maximize your returns and provide you the choice of 4 portfolio strategies and life cover.
Unique Features
It is a unit linked non-participating individual life insurance plan that offers the potential for assured returns.
Unique Features
It is a savings and protection oriented Unit-Linked Life Individual Plan that offers a life insurance cover to protect your family after you as well.
Unique Features
Look after your investment needs with the below-mentioned IRDAI approved Investment Plan companies.
ICICI Prudential allows you to purchase insurance solutions through various means. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying process.
**Once the payment is made, you will get a payment confirmation at your registered email address.
**Once the payment is made, you will get a payment confirmation at your registered email address.
ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025.
1860 266 7766. Timings - (10:00 A.M. to 7:00 P.M) Monday to Saturday (Except for national holidays)
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In case you misplace your investment documents, you may request a copy by visiting the nearest ICICI Prudential Life Insurance branch.
The policyholder 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.
Yes, you are allowed to stop your ICICI Investment Plan by filing a surrender request. The charges of the same may vary from plan to plan. In case you surrender your policy, you will be entitled to receive a surrender value that would be equal to your fund value.
Yes, you can. However, when you are choosing a minor as your nominee, you have to appoint an appointee also.
The option of receiving maturity benefit in the form of equal annual pay-outs over a fixed tenure of five years is known as the settlement option.
Cover Cessation Date which is also known as the date of maturity is the date on which your plan ends. On this date, the plan will pay the maturity benefit to you. The sum of maturity benefits varies from plan to plan.
There are certain factors that may help you in choosing an investment plan. The few factors that one should consider before investing in ICICI Investment Plans are:
Before you may cancel your coverage, you must retain it for at least three years. You need to fill out a surrender form and submit your insurance document to any ICICI Prudential Life branch. The cancellation procedure will take 30 days, and the surrender value cash will be delivered immediately to your bank account.
If you have a single premium policy, then you can terminate it after the first policy year.
Yes, ICICI Investment plans can help you save money on taxes by increasing your overall income and lowering your taxes. Under Section 80C of the Income Tax Act of 1961, the premium paid for a savings insurance plan is tax-free
Anybody who wants a risk-free and assured savings tool can invest in this plan. However, the minimum age of the policyholder must be 0 to 18 years, while the maximum age should be is 60 years.
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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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