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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Life Insurance > Life Insurance Companies > ICICI Prudential Life Insurance Company Limited

ICICI Prudential Life Insurance Company Limited

Their presence all over India is with 2100 branches including 1,116 micro-offices, over 290,000 advisors and 18 bancassurance partners. They were also the first life insurance company to receive the National Insurer Financial Strength rating of AAA(Ind) from Fitch ratings. It does not stop here they were also rated thrice in a row by The Economic Times – AC Nielson ORG Marg survey of” Most Trusted Brand' as the Most Trusted Private Life Insurer.

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Various Types of Insurance Plans Life Insurance Plan-(Protection Plan, Premium Guarantee plan, Education Plan & Wealth Creation Plan)
Protection Plans: Currently available products to purchase

1) ICICI Pru iCare: It is a protect your family’s future and ensure that they lead their lives comfortably without any financial worries, even in your absence.

2) Save 'n' Protect: It’s a perfect plan to collect funds as savings and be protected by the insurance policy.

3) Cashbak: It’s a policy with a combination of three benefits periodic liquidity, protection & savings.

4) Home Assure: It is a policy where you can cover your home loan which is a term assurance plan.

5) Life Guard: It is a cover which is available at a low cost. This plan comes with 2 options –level term assurance with return of premium & single premium.

6) ICICI Pru Pure Protect – It is important to ensure that your family has a term insurance cover, should something unfortunate happen to you.

Protection Plan – Old products not available for fresh purchase

1) ICICI Pru iprotect: It is a term insurance plan which you can buy online at your convenience in just 3 easy steps.

Premium Guarantee Plans – Old products not available for fresh purchase

1. InvestShield CashBak: It provides a premium guarantee and also balancing the returns, safety & liquidity. It is a unit linked plan.

2. InvestShield Life New: A plan where the customer is guaranteed that he will at least get back his premiums. It is a unit linked plan which also provides premium guarantee and the customer gets the benefits of high returns. The policy also offers a protection to the family with a life insurance cover.
Education Insurance Plans: Currently available products to purchase

1) SmartKid Regular Premium: It is a traditional plan where funds are provided for the needs of the child in the future.
Education Insurance Plan - Old products not available for fresh purchase
1. SmartKid New Unit-linked Regular & Single Premium: The policy is made in such a way that the child receives money at a stage, for his educational needs.
Wealth Creation Plan: Currently available products to purchase

1) ICICI Pru Elite Life – It is a unit linked insurance plan, planned exclusively for preferred customers like you. This plan offers you multiple choices on how to invest your savings along with an insurance cover.

2) ICICI Pru Elite Wealth - you get rewarded with Loyalty Additions from the sixth year onwards to maximize the return on your investments.

3) ICICI Pru Guaranteed SIP: It’s a limited pay endowment product that allows you to enjoy the advantage of a long term savings plan ensuring that you and your family are free of any financial uncertainties.

4) ICICI Pru Whole Life: It provides you with an exclusive twice advantage of savings and protection which not only allows you to get together your goals but also seeks to ensure that your dear ones will continue to live their lives in comfort without financial doubts in case of unexpected eventuality.

5) ICICI Pru Life Stage Wealth II: It is a unit linked insurance plan that offers various choices to decide how your savings would be invested based on your risk appetite.

6) ICICI Pru Pinnacle II: It is a unit linked insurance plan that offers protection for your family through its life insurance cover.

7) ICICI Pru Life Time premier: It’s a complete savings plan that offers you a choice of collection strategies for your savings and at the same time secures you against worries of life.

8) ICICI Pru LifeLink Wealth SP: It is a unique single premium ULIP that provides the opportunity to enjoy potentially higher returns over the long term investments, with just a single premium.

9) ICICI Pru Pinnacle Super: It is a unit linked insurance plan that offers you multiple choices on how to invest your savings.
Wealth Creation Plans - Old products not available for fresh purchase

1) PremierLife Gold: Premier Life Gold helps with long-term wealth creation. It is a limited premium paying plan. And from the second year onwards it also provides flexibility of premium reduction.

2) LifeStage RP: The LifeStage RP is unit linked plan that provides you with a portfolio strategy and keeps distributing your funds across the different asset classes depending on your profile.

3) Wealth Advantage: It’s an exclusive whole life single premium unit linked plan that provides long term coverage up to the age of 70 years. And you have the option of withdrawing your funds systematically.

4) Lifetime Gold: This plan is a unit linked plan from which you can get high returns over a long term with easy investment options. It offers 8 fund options - Preserver, Protector, Return Guarantee Fund, Balancer, Flexi Balanced Multiplier, R.I.C.H and Flexi Growth.

5) LifeStage Assure : A unit linked insurance plan that provides Guaranteed Maturity Addition of 100%- 450% of first year premium based on the term and number of premiums paid. Also your funds are allocated across several asset class based on your profile.

6) LifeLink Super: It’s a single premium unit linked insurance which offers premium allocation along with a chance to get high returns over the long term, and your family is also protected by this plan.

Group Plans: Currently available products to purchase

1) Group Term Insurance Plan: It’s a flexible group term plan which provides an inexpensive cover to members of a group. The cover is either given based on uniform or based on designation/rank or a multiple of salary. The benefit under the policy is paid to the beneficiary nominated by the member on his/her death.

2) Group Gratuity Plan: The plan helps employers fund their statutory gratuity obligation in a scientific manner and also avail of tax benefits as applicable to approved gratuity funds.

3) Group Super Annuation Plan : This plan offers a flexible market linked scheme that provides substantial benefits to both employers and employees. Both defined contribution (DC) and defined benefit (DB) schemes are offered to optimize returns for members of the trust and rationalize cost. Members have the option of choosing from various annuity options or opting for a partial commutation of the annuity at the time of retirement.

4) Annuity Solutions: This plan has annuity products which give you income and help you realize your needs. In addition to the annuities offered to existing superannuation customers, the plan also offers immediate annuities to superannuation funds managed by the team.
Retirement Plans: Currently available products to purchase

1) ICICI Pru Life Link Pension SP: It is a single premium pension policy which provides you the opportunity to enjoy regular income post retirement by paying just a single premium.

2) ForeverLife : A traditional retirement product that offers guaranteed returns for the first 4 years.

3) Immediate Annuity: A single premium annuity product that assures an income for life at the time of your retirement. It has the benefit of 5 payout options.
Retirement Plans - Old products not available for fresh purchase

1) LifeStage Pension: A regular premium unit linked pension plan that provides you with a unique lifecycle-based strategy that continuously re-distributes your money across various asset classes based on your age and risk profile.
2) Premier Life Pension : It is a unit-linked pension policy with a limited premium paying option for preferred customers.
Health Insurance Plans: Currently available products to purchase

1) ICICI Pru Health Saver – It is a comprehensive whole of life health insurance plan that takes care of hospitalization costs as well as all your health care needs.

2) ICICI Pru Hospital Care II: It is a family floater plan covering your spouse and children.

3) ICICI Pru Crisis Cover – It is a comprehensive critcal illness insurance policy that provides coverage against 35 critical illnesses, total and permanent disability, and also death.

Health Insurance Plans - Old products not available for fresh purchase

1) ICICI Pru MediAssure: A Health Insurance Plan with AAA guarantee for the family
Assured cover till age 75 years
Assured coverage for accepted pre-existing illnesses after 2 years
Assured price for 3 years
Moreover, this policy covers all your hospitalisation needs with the flexibility to choose your location and quality of treatment.


2) Diabetes Plans: It is a long term insurance policy created for individuals with Type II diabetes and pre-diabetes. It offers long term (upto 20 years) control over diabetes through a specially designed Wellness Programme including regular health checkups and a Diabetes Coach to facilitate diabetes management. It also provides you coverage against seven major critical illnesses.

3) Cancer Plans: It provide a regular premium plan that helps you with a cash benefit on the diagnosis as well as at different stages in the treatment of various cancer conditions.

4) Comprehensive Health coverage: provides comprehensive hospitalization cover and reimburses all other medical expenses by building a health fund.

5) Critical Illness Plan: It is a 360-degree product that will provide long-term coverage against 35 critical illnesses, total and permanent disability, and death.

6) Hospitalisation Plan: A health insurance policy that provides assured insurability till age 75 years, assured coverage for accepted pre-existing illnesses after 2 years and an assured price for 3 years. Also there is another hospital care plan where there is a fixed benefit plan covering various stages of treatment – hospitalisation, ICU, procedures & recuperating allowance. It covers a range of medical conditions (900 surgeries) and has a long term guaranteed coverage upto 20 years.

7) Lifetime Super Pension: It is a regular premium unit linked pension plan that helps one accumulate over the long term and offers 5 annuity options (life annuity, life annuity with return of purchase price, joint life last survivor annuity with return of purchase price, life annuity guaranteed for 5, 10 and 15 years & for life thereafter, joint life, last survivor annuity without return of purchase pric5 at the time of retirement.

8) LifeLink Super Pension: A single premium unit linked pension plan

Rural Plans - Currently available products to purchase

1) Suraksha & Suraksha Kavach: It’s a rural plans which offer benefits like life Cover, low and Affordable Premiums and Hassle Free Procedure.
2) Micro Insurance Sarv Jana Suraksha: Sarv Jana Suraksha is a plan to provide protection and security to rural population at a very affordable cost. The family members are protected in this plan incase of death of the policyholder.
The New Product Launched by ICICI Prudential is as follows- Wealth Advantage a unique single premium whole life ULIP in February 2009

Registered Office : ICICI Prudential Life Insurance Company Limited ,
ICICI Pru Life Towers,
1089 Appasaheb Marathe Marg
Prabhadevi, Mumbai 400025
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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