ICICI Prudential
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ICICI Prudential Investment Plans: Overview

ICICI Prudential Life Insurance provides a wide variety of ICICI Investment plans. One such insurance product offered by the company is its savings and money-back investment plans, catering to the multiple needs of customers. Investment plans like ICICI Pru Savings Suraksha, ICICI Pru Signature, ICICI Pru Smart Kid, and more are designed to give you calculated financial planning.

ICICI Prudential Savings Plans help you to secure your lives and allow you to build a financially independent future. ICICI Prudential Investment Plans help an individual to build a financial corpus for a child's marriage or schooling, or for retirement. ICICI Investment Plans help people to invest in plans that give larger returns and allow them to secure their future.

ICICI Prudential is amongst the most dominant players in India's insurance sector, and it began its operations in 2001. ICICI Prudential laid its foundation with the value of customer-centricity wherein ICICI Prudential offers long-term savings and protection products to meet the different life stage requirements of the customers.

ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is promoted by ICICI Bank Limited and Prudential Corporation Holdings Limited. It has consistently been among the top companies in the Indian Life insurance sector. ICICI Assets Under Management (AUM) on 31st March 2022 were INR 2,404.92 billion.

ICICI Prudential Investment Plans ensures to look after your investment needs by offering:

why-choose

  • Regular Savings

  • Flexibility of Investment

  • Potential for Growth

  • Greater Rewards for Staying Invested

Eligibility Criteria for ICICI Prudential Plan

Your Occupation

Entry age

Minimum Age - 5 year

Mukhyamantri Amrutam Yojana

Maturity age

80 years

Your Gender

Policy tenure

Minimum term - 6 years Maximum term - 30 years

Maternity Benefit Rider

Premium payment term

5 to 12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly,

Maternity Benefit Rider

Sum assured

Rs 50,000 to No limit

Benefits of ICICI Prudential Life Investment Plans

There are multiple benefits of ICICI Prudential Life Investment Plans. Read below to understand the plethora of advantages provided by the insurer.

Guaranteed Maturity benefit 

ICICI Prudential Life Investment Plans offer guaranteed maturity benefits once the policy matures along with the applicable additions and bonuses.

Choice of Income Option

ICICI Prudential Investment Plans offer you the option to choose between lump sum or regular income.

Flexible Plans

ICICI Prudential Investment Insurance plans offer various coverage options, allowing you to select a plan that meets your needs.

Additional Rider Options

ICICI Prudential Investment Plans allows you to choose additional rider options as per your requirements by paying an additional amount.

Tax Benefits

Tax Benefits can be availed for premium payments of ICICI Prudential Investment plans under the Income Tax Act 1961.

Riders You Can Avail With ICICI Investment Plans

Name of the Rider Benefits
ICICI Prudential Accidental Death and Disability Rider  This rider provides protection against accidental death and disabilities. You can add this rider to your investment plan.
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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

Documents Required to Purchase ICICI Prudential Investment Plans

Here is the list of documents required to buy ICICI Prudential Life Investment Plans:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy ICICI Prudential ?

ICICI Prudential allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.

Life Insurance
  • Step 1

    Visit the official website of PolicyX.com.

  • Step 2

    Click on the ‘Investment’ tab.

  • Step 3

    A new page will appear on the screen.

  • Step 4

    Fill out the form at the top of the page with the necessary details.

  • Step 5

    Select your income and city. Click on 'Proceed'.

  • Step 6

    Update your education and occupation details.

  • Step 7

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 8

    Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of ICICI Prudential Life Insurance Company.

  • Step 2

    Click on ‘Plans’ on the navigation bar and select the plan you want to buy.

  • Step 3

    Click on the ‘buy now’ button and fill in the required details.

  • Step 4

    Tap on 'next' and select a plan as per your requirements.

  • Step 5

    Select the cover option you want and make your payment. Once the payment is made, you will get a payment confirmation at your registered email address.

Exclusions of ICICI Prudential Life Investment Plans

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

Conclusion

In conclusion, ICICI Prudential Life Insurance offers a range of flexible, customer-centric investment plans tailored to meet various financial needs and life goals. With its strong digital presence, best claim settlement record, and diverse product portfolio, ICICI Prudential Life stands out as a trusted partner for securing one’s financial future. For more info related to ICICI Prudential Life Investment Plans, you can contact Policyx.com 24/7. Our trusted insurance experts listen to your every unique problem and suggest the best possible solution for you.

Life Insurance

More Queries?

If you have any more queries regarding ICICI Prudential , Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

FAQs: ICICI Prudential Investment Plans

1. What should I do if I misplace my ICICI Investment Policy documents?

In case you misplace your investment documents, you may request a copy by visiting the nearest ICICI Prudential Life Insurance branch.

2. What happens if my ICICI Pru Investment Plan lapse or are discontinued?

The policyholder loses out on all of the benefits of the plan. After discontinuance of the coverage, it cannot be withdrawn. The policyholder would get hold of the invested amount.

3. Can I stop my ICICI Investment Plan before maturity? Do I need to pay any charge for it?

Yes, you are allowed to stop your ICICI Investment Plan by filing a surrender request. The charges of the same may vary from plan to plan. In case you surrender your policy, you will be entitled to receive a surrender value that would be equal to your fund value.

4. Can I appoint a minor as a Nominee?

Yes, you can. However, when you are choosing a minor as your nominee, you have to appoint an appointee also.

5. What is the Settlement Option?

The option of receiving maturity benefit in the form of equal annual pay-outs over a fixed tenure of five years is known as the settlement option.

6. What does ’Cover Cessation Date’ mean?

Cover Cessation Date which is also known as the date of maturity is the date on which your plan ends. On this date, the plan will pay the maturity benefit to you. The sum of maturity benefits varies from plan to plan.

7. What are the factors that should be kept in mind before investing in ICICI Prudential Investment Plans?

There are certain factors that may help you in choosing an investment plan. The few factors that one should consider before investing in ICICI Investment Plans are: Determine your Monetary goals Evaluate your current expenses Future expenses that may arise Number of dependants Risk assessment

8. What is the procedure for cancelling an ICICI Prudential investment plans?

Before you may cancel your coverage, you must retain it for at least three years. You need to fill out a surrender form and submit your insurance document to any ICICI Prudential Life branch. The cancellation procedure will take 30 days, and the surrender value cash will be delivered immediately to your bank account. If you have a single premium policy, then you can terminate it after the first policy year.

9. Am I eligible to avail TAX Benefits with ICICI Investment Plans?

Yes, ICICI Investment plans can help you save money on taxes by increasing your overall income and lowering your taxes. Under Section 80C of the Income Tax Act of 1961, the premium paid for a savings insurance plan is tax-free

10. Am I eligible to invest in ICICI Prudential Investment Plans?

Anybody who wants a risk-free and assured savings tool can invest in this plan. However, the minimum age of the policyholder must be 0 to 18 years, while the maximum age should be is 60 years.

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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.

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