Insurance Companies 1709 views August 13, 2019

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company – Overview

NameICICI Prudential Life Insurance Company Limited
Managing Director and CEOMr. N. S. Kannan
Founded12-December-2000
HeadquartersMumbai
OwnerJoint Venture between ICICI Bank Limited and

Prudential Corporation Holdings Limited.
Serving CountryIndia
ProductsLife and Health Insurance
Total No of Employees15700+

Term Insurance

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ICICI Prudential Life Insurance Company

A joint venture between one of India’s largest private sector banks and Prudential Corporation Holdings Limited, ICICI Pru Life Insurance Company Ltd commenced its operations in 2001. The company right now is involved in the sale of financial products including protection plans and insurance products. In addition, this is the first insurance company that has been listed on the National Stock Exchange and Bombay Stock Exchange. With a claim settlement ratio as high as 97.88 percent, the company has maintained an impressive customer base over the past few years.

Benefits of buying life insurance from ICICI Pru Life Insurance Company

Why are ICICI Pru Life Insurance policies so highly rated? The answer lies in the multiple benefits that the insurance company has to offer. These include:-

  • Comprehensive term life insurance cover in lieu of nominal premium rates;
  • Dual benefits of life cover and investment available on the life insurance plans;
  • Tax deductions on premiums paid under Section 80C of the Income Tax Act 1961;
  • Life insurance retirement plans promise enough corpus for the policyholders to plan their retirement fund.

Types of Insurance Plans Offered By ICICI Pru Life Insurance Company

Numerous plans offered by ICICI Pru Life Insurance ensure that there is a plan for every customer. Be it savings plans, unit-linked insurance policies (ULIPs), retirement products, health insurance plans, child savings plans and term insurance policies.

Term Insurance Plans

Unit Linked Insurance Plans

  • ICICI Pru Life Time Classic

  • ICICI Pru Elite Life Super

  • ICICI Pru Elite Wealth Super

  • ICICI Pru Guaranteed Wealth Protector

  • ICICI Pru Wealth Builder II

Savings Plans

  • ICICI Pru Future Perfect

  • ICICI Pru Cash Advantage

  • ICICI Pru Savings Suraksha

Retirement Plans

  • ICICI Pru Easy Retirement (Regular Premium)

  • ICICI Pru Easy Retirement (Single Premium)

  • ICICI Pru Immediate Annuity

Health Insurance Plans

  • ICICI Pru Heart/Cancer Protect

  • ICICI Pru Smart Health Cover

Child Plans

  • ICICI Pru Smart Kid Solution

  • ICICI Pru Smart Life

ICICI Prudential Life Insurance Review

  1. I was keen on buying a plan that would take care of my child’s future. Fortunately, the team at ICICI Pru Life Insurance Company informed me about the company’s products that include a long-term savings cum protection policy for kids too. Glad that I listened to them and invested in the same.
  2. Did not know that choosing the right kind of insurance plans and buying it would be so easy. However, the customer care center at ICICI proved otherwise by going out of the way to ensure that all the necessary paperwork was taken care of and the policy documents handed over to me within the stipulated period.
  3. Investing in ICICI life insurance has proved to be a life-changing experience as every plan caters to the specific needs to their customers.
  4. My experience with ICICI Pru has been one of the best till date. True to its reputation, this company has ensured good benefits on the life insurance policy I had bought from them. Moreover, their customer care executive advised me to buy an additional term insurance policy to the extent of personal loans I had taken to ensure that my family does not face financial stress during repayment of my loans.

Awards Won by ICICI Prudential Life Insurance Company

Till date, numerous awards have adorned the shelves of the company. The most prominent of them include:-

Life Insurance Provider of the Year – 2018

– Gold Award – 2018

– Product of the Year – 2018

– Best Customer Orientation in Life Insurance – 2018

– Best Growth in Life Insurance – 2018

– Best Term Insurance Provider of the Year – 2017-18

– Amiable Insurer – 2018

ICICI Prudential Life Insurance Contact Details

How to get in touch with ICICI Pru Life Insurance Company?

Toll-free Customer Service Number: 1860 266 7766

CIN: L66010MH2000PLC127837

Registered Office

ICICI Prudential Life Insurance Company Ltd,

1st Floor, C wing, Office No. 115, 116, 117, BSEL Tech Park,

Opp. Vashi Station, Sector 30, Vashi,

Navi Mumbai – 400706.

Tel No: +91 22 6193 0777

Email: buyonline@iciciprulife.com

           lifeline@iciciprulife.com

FAQs

1)What are the steps involved in checking the policy status of ICICI Prudential Life Insurance policy?

Answer: Policyholders have the option to choose the status of their policies either online or by SMS or through an e-mail reminder facility. Alternately, you may check the ICICI Life Insurance Policy status using the following steps:-

Step 1: Open the ICICI Life Insurance website in your browser

Step 2: Go to the customer login section on the website

Step 3: Put in the User ID and Password to check your policy status.

2)How to renew the ICICI Prudential Life Insurance policy?

Answer: Policy renewal is available with most life insurance plans including those sold by ICICI Pru Life Insurance Company. Those looking to renew their policy can do the same through the following steps:-

Step 1: Login to the company’s website using Client ID and Password

Step 2: Select the policy due for renewal and click on the “Pay Renewal Premium”

Step 3: Choose your payment option, viz., NEFT, Debit / Credit Card

Step 4: Validate your payment details and take a printed copy of the payment receipt.

3)How to apply for ICICI Prudential Life Insurance Policy cancellation?

Answer: You can cancel your ICICI Pru Life Insurance Policy only after three years of first buying the policy. Go to any of ICICI Prudential Life Insurance Policy branches and submit your policy documents. The cancellation process takes not more than 30 days post which the surrender value amount will be directly transferred to your bank account.

4)What are the premium payment modes for any ICICI Pru Life Insurance policy?

Answer: Regular premium payment is important to ensure the continuity of any life insurance policy. Policyholders holding any ICICI Prudential Life Insurance policy may pay their premium amounts using any of the following methods. These include:-

  • Net Banking
  • Credit Card / Debit Card
  • Bill Desk
  • Bill Junction
  • Infinity
  • E-collect
  • Rupay Debit Card
  • Skypack Drop Box
  • MINC Drop Box