ICICI ULIP Plans: Compare, Benefits & Premiums | PolicyX
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ICICI ULIP Plans

ICICI ULIP Plans are an excellent option to secure your future. ICICI Prudential Life Insurance offers a wide variety ...Read More

Minimum Age- 14 year
Claim settlement ratio
Rs 1 lakh to No limit
Annual Premium
70 years
Solvency ratio
🛡️ IRDAI Approved
⭐ 4.6/5 · 930 reviews
✅ Minimum Age- 14 year claim settlement ratio
📊 70 years solvency ratio
🌐 Annual, half-yearly, pan-India

What you get with ICICI ULIP Plans

The headline features and policy mechanics, at a glance.

Annual Premium Rs 1 lakh to No limit

Affordable premium options starting from entry-level to comprehensive whole-life protection.

Minimum Age- 14 year claim settlement ratio

Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.

70 years solvency ratio

Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.

Annual, half-yearly, pan-India presence

Branch offices and claim service centres across India for easy policy servicing.

Written by Himanshu Kumar
Reviewed by Raj Kumar
Published: 27 Dec 2024
Updated: 27 Jul 2026
Expert Verified
IRDAI Licensed

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

Exclusions of ICICI ULIP Plans

  • If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. The nominee receives only the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.

Conclusion

ICICI ULIP Plans offer market-linked returns, helping your money grow consistently over time. Before investing, it is crucial to understand the associated risk-return ratio. For more information on ICICI Life ULIP Plans, contact PolicyX.com 24/7. Our trusted insurance experts are available to understand your unique needs and suggest the best possible solutions.

Benefits of ICICI ULIP Plans

ICICI ULIP Plans offer numerous benefits, including:

Consistent savings

ICICI ULIP plans are effective financial tools that foster regular savings, helping you build a strong financial corpus over time.

Flexibility to handle a portfolio

ICICI ULIP Plans offer flexibility and control over your invested wealth through features like premium redirection, fund switching, partial withdrawals, and top-ups.

Death benefits

In the event of the policyholder's unforeseen demise during the policy tenure, death benefits are paid to the registered beneficiary.

Life insurance cover

ICICI ULIP Plans provide life insurance cover along with investment options, ensuring your family's protection.

Consistent growth

ICICI ULIP plans offer the potential for significant financial corpus growth through investments in equity and debt funds.

Riders You Can Avail With ICICI ULIP Plans

Name of the Rider Benefits
ICICI Prudential Accidental Death and Disability Rider This rider offers protection against accidental death and disabilities, and can be added to your investment plan.

Documents Required to Purchase ICICI ULIP Plans

To purchase ICICI ULIP Plans, the following documents are typically required:

Photo ID Proof

  • Passport
  • Aadhaar card
  • PAN card
  • Driving license

Age Proof

  • Passport
  • Aadhaar card
  • PAN card
  • Driving license

Address Proof

  • Utility bill
  • Passport
  • Voter ID
  • Ration card

Medical Records

If requested by the insurer.

Income Proof

  • Bank statement
  • Last three months' salary slips (for salaried individuals)

How to Buy ICICI ULIP Plans from the Company Website

  1. Visit the official website of ICICI Life Insurance Company.
  2. Hover over 'Plans', click on the ULIP plan, and choose the plan you wish to buy.
  3. Click the 'Buy Now' button and fill in the required details.
  4. Tap 'Next' and select a plan as per your requirements.
  5. Select your desired cover option and complete the payment. A payment confirmation will be sent to your registered email address.

How to Buy ICICI ULIP Plans from PolicyX.com

  1. Visit the official website of PolicyX.com.
  2. Click on the 'ULIP Plan' tab under 'Life Insurance' from the main menu.
  3. A new page will appear.
  4. Fill out the form at the top of the page with your necessary details.
  5. Select your income and city, then click 'Proceed'.
  6. Update your education and occupation details.
  7. Choose your preferred plan and click 'Buy This Plan'.
  8. Select the policy term, premium period, investment amount, and any required riders, then proceed to pay.

Why Choose PolicyX.com?

Don't just take our word for it — check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti Varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

Frequently asked questions

The 10 most-asked questions about ICICI ULIP Plans, answered.

The company can decline your policy application request if you’re not eligible for the plan. In such cases, the payment is reversed to the customer within 7 working days. You will also get a chance to buy the same policy again after 6 months.
In case the policy issuance is taking time, you can track the status of your policy by visiting the ’track application’ page present at the right corner of the website.
Yes. customers have the option of cancelling their application even before the policy is issued. For this, he/she is required to write an email to the company at [email protected].
To provide customers with ease, the company offers 3 options for making the premium payment. These options are: Online payment through net banking, UPI, debit card, credit card, & e-wallets. Dropping a policy premium cheque at any ICICI Prudential branches and a few banks. Paying in cash for the premium amount up to Rs. 49,999/- at any of the company’s authorised collection centers.
Yes, if you are not satisfied with the terms and conditions of your policy, you can cancel it within The following time frame: 15 days from the date it is received if the policy is purchased through solicitation in person 30 days from the date it is received if the policy is an electronic policy or is purchased through distance marketing
To avail of higher ICICI ULIP Plan returns, it is recommended to start investing early so that you can have more investment opportunities and you could enjoy higher returns.
Yes, the ULIP plan offered by ICICI Pru allows you to make partial withdrawals any time after the completion of five policy years.
Yes, with the help of the ICICI ULIP Calculator you can calculate the premium you need to pay online. To get access to ICICI ULIP Calculator, you need to visit the official website of ICICI Prudential and fill in your details.
Yes, under Income Tax Act 1961, the plans offer tax benefits against the premiums paid.
In order to maximize the returns, you can opt for the below-mentioned practice: Invest early Regularize your investments in a disciplined manner Choose fund options according to your requirements Pay your premiums regularly Add top-ups, if required

Customer satisfaction

Aggregate ratings from 930 verified PolicyX customers who bought a ICICI ULIP Plans plan.

4.6
out of 5
930 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

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