ICICI Prudential Life Insurance is a joint venture company between ICICI Bank India Ltd. and Prudential PLC UK. The company started their operations in India in December 2000.
Growth: ICICI Prudential Life Insurance’s has posted its maiden profit of Rs 258-crore for the financial year 2010. They have had huge profitability in this year due to cost cutting (of about Rs 350-crore) and launch of various low charging products while last year company had recorded a loss of Rs 780-crore.
Their target is to achieve 10% market share by this year through innovative concepts and products. They even plan to open new branches to facilitate their growth.
The ICICI Prudential Life Insurance chief highlighted the introduction of new products last year as a major growth-driver. The solvency ratio according to the regulatory requirement is to be of 150% whereas ICICI Pru’s is 290%.
ICICI Prudential Products:
- ICICI Prudential Life Insurance has a variety of plans to suit your financial requirements and give you complete security against unforeseen circumstances.
- ICICI Prudential Health Care Plans are designed to help you avail the best of medical facilities in times of crisis.
- ICICI Prudential Retirement Solutions and Pension Plans are innovative schemes to give you complete peace of mind after retirement from work.
- ICICI Prudential Asset Management helps you manage your funds in the most professional manner.
- ICICI Prudential Life time gold investment
- ICICI Prudential Tax saving plans are meant to provide you the benefits of tax savings and also to invest in long-term equity.
- ICICI Prudential Mutual funds like ICICI Prudential Discovery Fund, Infrastructure Fund, Equity Fund, ELSS
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Insurance Category |
Policy applicability – Eligibility |
Plan Type |
Product Name |
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ICICI Prudential Life Insurance |
Educational Insurance |
Unit linked |
ICICI Pru SmartKid Assure |
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ICICI Pru SmartKid Maxima |
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Traditional |
ICICI Pru SmartKid Regular Premium |
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Wealth Creation Plans |
Unit linked |
ICICI Pru LifeStage Wealth |
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ICICI Pru ACE |
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ICICI Pru Premier Wealth |
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ICICI Pru Assure Wealth |
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ICICI Pru LifeTime Maxima |
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ICICI Pru Pinnacle |
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Protection Plans |
Traditional |
Pure Protect |
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LifeGuard |
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Save’n'Protect |
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CashBack |
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Home Assure |
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ICICI Prudential Health Care Plans |
Health Saver |
Whole life |
Health Assure |
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Health Assure Plus |
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ICICI Pru Health Saver |
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MediAssure |
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ICICI Pru Life MediAssure |
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Hospital Care |
Hospital Care |
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ICICI Pru Hospital Care II |
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Critical Illness Cover |
Crisis Cover |
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Diabetes Care (Critical Illness Insurance) |
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Diabetes Care Plus (Critical Illness + Life Insurance) |
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Cancer Care Plus |
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ICICI Prudential Retirement Solutions and Pension Plans |
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Unit linked |
ICICI Pru LifeTime Pension Maxima |
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ICICI Pru LifeStage Pension Advantage |
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ICICI Pru Elite Pension II |
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ICICI Pru Assure Pension |
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Traditional |
ICICI Pru ForeverLife |
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ICICI Pru Immediate Annuity |
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Group Plans |
Group Super Annuation |
ICICI Pru Group Superannuation |
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ICICI Pru Group Superannuation plus |
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ICICI Pru Group Superannuation Platinum |
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ICICI Pru New Group Superannuation |
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ICICI Pru New Group Superannuation Plus |
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ICICI Pru New Group Superannuation Platinum |
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ICICI Pru Group Superannuation Suraksha |
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Gratuity Plan |
ICICI Pru Group Gratuity |
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ICICI Pru Group Gratuity Plus |
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ICICI Pru Group Gratuity Platinum |
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ICICI Pru Group Gratuity Suraksha |
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Annuity Solutions |
ICICI Pru Group leave Encashment |
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ICICI Pru Group leave Encashment Plus |
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ICICI Pru Group Leave Encashment Suraksha |
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ICICI Pru Group Term Insurance |
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ICICI Pru Group Term Insurance with Profit Sharing |
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Riders |
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Accident and Disability Benefit Rider |
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Critical Illness Benefit Rider (Accelerated) |
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Critical Illness Rider (Standalone) |
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Major Surgical Assistance Rider |
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Level Term Insurance Rider |
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Accidental Death and Disability Benefit Rider |
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Single Premium Accident and Disability Rider |
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Single Premium Term Rider |
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Income Benefit Rider |
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Accident and Disability Benefit Rider With Group Term Assurance |
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Critical Illness Rider (Additional Benefit) With Group Term Assurance |
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Accident Benefit Rider |
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Accident Benefit Rider with Group Term Assurance |
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Critical Illness Rider (Accelerated) With Group Term Assurance |
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Critical Illness Benefit Rider (Accelerated) (with ICICI Pru Secure Plus, Cash Plus, Secure Plus Pension) |
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Waiver of Premium Rider |
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Critical Illness Rider |
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Accident Death and Disability Benefit Rider |
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Waiver of Premium Rider |
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Income Benefit Rider |
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Insurance Category |
Policy applicability – Eligibility |
Plan Type |
Product Name |
|
ICICI Prudential Life Insurance |
Educational Insurance |
Unit linked |
ICICI Pru SmartKid Assure |
|
ICICI Pru SmartKid Maxima |
|||
|
Traditional |
ICICI Pru SmartKid Regular Premium |
||
|
Wealth Creation Plans |
Unit linked |
ICICI Pru LifeStage Wealth |
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|
ICICI Pru ACE |
|||
|
ICICI Pru Premier Wealth |
|||
|
ICICI Pru Assure Wealth |
|||
|
ICICI Pru LifeTime Maxima |
|||
|
ICICI Pru Pinnacle |
|||
|
Protection Plans |
Traditional |
Pure Protect |
|
|
LifeGuard |
|||
|
Save’n'Protect |
|||
|
CashBack |
|||
|
Home Assure |
|||
|
ICICI Prudential Health Care Plans |
Health Saver |
Whole life |
Health Assure |
|
Health Assure Plus |
|||
|
ICICI Pru Health Saver |
|||
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MediAssure |
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ICICI Pru Life MediAssure |
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Hospital Care |
Hospital Care |
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|
ICICI Pru Hospital Care II |
|||
|
Critical Illness Cover |
Crisis Cover |
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|
Diabetes Care (Critical Illness Insurance) |
|||
|
Diabetes Care Plus (Critical Illness + Life Insurance) |
|||
|
Cancer Care Plus |
|||
|
ICICI Prudential Retirement Solutions and Pension Plans |
|
Unit linked |
ICICI Pru LifeTime Pension Maxima |
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ICICI Pru LifeStage Pension Advantage |
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|
ICICI Pru Elite Pension II |
|||
|
ICICI Pru Assure Pension |
|||
|
Traditional |
ICICI Pru ForeverLife |
||
|
ICICI Pru Immediate Annuity |
|||
|
|
Group Plans |
Group Super Annuation |
ICICI Pru Group Superannuation |
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ICICI Pru Group Superannuation plus |
|||
|
ICICI Pru Group Superannuation Platinum |
|||
|
ICICI Pru New Group Superannuation |
|||
|
ICICI Pru New Group Superannuation Plus |
|||
|
ICICI Pru New Group Superannuation Platinum |
|||
|
ICICI Pru Group Superannuation Suraksha |
|||
|
Gratuity Plan |
ICICI Pru Group Gratuity |
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ICICI Pru Group Gratuity Plus |
|||
|
ICICI Pru Group Gratuity Platinum |
|||
|
ICICI Pru Group Gratuity Suraksha |
|||
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Annuity Solutions |
ICICI Pru Group leave Encashment |
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ICICI Pru Group leave Encashment Plus |
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ICICI Pru Group Leave Encashment Suraksha |
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Term Insurance Plan |
ICICI Pru Group Term Insurance |
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ICICI Pru Group Term Insurance with Profit Sharing |
Possibly Related Posts:
- ICICI Pru iCare | Key Benefits & Review
- ICICI Prudential Elite Wealth | ULIP Plan Benefits & Features
- ICICI Prudential Elite Life | ULIP Wealth Plan Benefits & Features
- How a health insurance Ulip can help build an emergency fund
- Annuity Solutions | Features & Benefits
- Group Gratuity Plan | Features & Benefits
- Group Term Insurance Plan | Features & Benefits
- ICICI Pru Hospital Care II | Eligibility | Features & Benefits
- ICICI Pru MediAssure | Eligibility | Features & Benefits
- Immediate Annuity | ICICI Prudential Features & Benefits
Tags: Insurance Info, insurance information, Insurance Policies, Mediclaim Policies, pension policies, RETIREMENT POLICIES