ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank Prudential plc, an international financial services group headquartered in the United Kingdom. ICICI Prudential began operation in December 2000 after getting approval from Insurance Regulatory Development Authority (IRDA). ICICI Prudential Life's capital stands at Rs 4,796 crores (as of March 31, 2014) with ICICI Bank and Prudential plc holding 74% and 26% stake respectively.

For the financial year 2014, the corporation had garnered total premium of Rs 12,429 crores. The company has assets under administration of over Rs 80,000 crores as on March 31, 2014. For the past decade, ICICI Prudential Life Insurance has preserved its dominant position (on new business retail weighted basis) amongst private life insurers in the country, with a wide range of policies.

Life Insurance

Every family has a breadwinner who earns for the entire family. In such cases, the family member depends on that person for their basic needs as well. But what if that family member meets with an accident. How will they manage to arrange funds for their basic needs without the person? How will they clear debts and loans? What if someone falls ill shortly after your demise how will they clear bills of hospitals, how will they take care of themselves? Basically, life insurance is a way through which you can provide complete safety to your family, after you are gone.

You must buy the right life insurance policy. In the market, there are several options of the same available, but choosing the best as per your needs is essential to reap the benefits out of it. You must buy the plan that will be able to offer needful coverage to your family in case of need. Choose the right plan and also check its inclusions, exclusions, term & conditions, etc.

How ICICI Prudential Life Insurance Works ?

ICIC Prudential life insurance is a renowned name in the market of life insurance. The company has been in the same business for many years and offers tailor-made products at affordable prices. When it comes to life insurance policy, the amount of the cover that you have selected plays a vital role. In life insurance there are several options of the same are also available. In case of your demise or if you ever get diagnosed with a terminal illness during the policy tenure, then your family and loved ones can also file the claim on your policy. If everything goes well and your claim file get approved from the company then your family or nominee will receive the amount and can further use the same.

At the time of purchase you can easily choose that who will be your nominee and the company will hand over the amount to them only in case of need. Under the same you can choose up to two people. It is very important to choose the right cover. For choosing the right cover, you must be aware of your needs, and your family needs, the expense which they will require for their standard living.

At the time of purchase you can easily choose that who will be your nominee and the company will hand over the amount to them only in case of need. Under the same you can choose up to two people. It is very important to choose the right cover. For choosing the right cover, you must be aware of your needs, and your family needs, the expense which they will require for their standard living.

How much amount would be required to clear debts and loans?
When you apply for life insurance, the insurer may ask a few questions about your health and much more. With ICICI Prudential Life insurance policy, you can also take advantage of tax benefits and much more. It is advisable to provide genuine details at the time of purchase so that in future there will be no issue regarding the claim.

ICICI Prudential Life Insurance Plans

Life insurance is basically an agreement between the insurer and insured. Under the same insurer promises to pay a pre-decided amount to the insured in case of need that can occur because of the demise or serious illness. ICICI prudential life insurance is a renowned insurance company in the field of life insurance. The company is offering a wide range of effective life insurance plan. Below is the list of top life insurance plans that ICICI prudential deals in.

Other Plans By ICICI Prudential Life Insurance

Icici Prudential Life Insurance News