ICICI ULIP Plans
  • Explore ICICI Life Insurance
  • ULIP Plan features and benefits
  • Buying and Claim Process
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ICICI ULIP Plans: Overview

ICICI Ulip Plan is one of the best options out there in order to secure your future. ICICI Prudential Life Insurance provides a wide variety of ICICI ULIP Plans. ICICI has been amongst the top players in insurance ever since its inception in 2000 providing smart insurance tools. ICICI Prudential Savings Plans help you to secure your lives and allow you to build a financially independent future.

ICICI Prudential is amongst the most dominant players in the insurance sector of India, commencing 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.

ICICI ULIP Plans help an individual to build a financial corpus for a child's marriage or schooling, or for retirement. ICICI ULIP Plans are a product that provides a dual benefit of life cover as well as investment. The premiums paid by individuals for their ULIP plans are invested in various fund portfolios usually chosen by the policyholders themselves.

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

why-choose

  • Consistent savings

  • Flexibility to handle the portfolio

  • Life insurance cover

  • Consistent growth

Eligibility Criteria for ICICI ULIP Plan

Your Occupation

Entry age

Minimum Age- 14 year

Mukhyamantri Amrutam Yojana

Maturity age

70 years

Your Gender

Policy tenure

10 to 30 years

Maternity Benefit Rider

Premium payment term

10 to 30 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly,

Maternity Benefit Rider

Sum assured

Rs 1 lakh to No limit

Benefits of ICICI ULIP Plans

There are multiple benefits of ICICI ULIP Plans. Read below to understand the number of advantages provided by these plans.

Consistent savings

ICICI ULIP plans are a good financial tool to help you build a healthy habit of regular savings resulting in a strong financial corpus over the years.

Flexibility to handle a portfolio

With ICICI ULIP Plans you get the flexibility and full control of your invested wealth through inbuilt features like premium redirection, fund switch, partial withdrawal, and top-up.

Death benefits

In the case of the unforeseen demise of the policyholder during the tenure of the policy, the death benefits are paid to the family member of the policyholder who is registered as the beneficiary.

Life insurance cover

With ICICI ULIP Plans you get a life insurance cover along with investment options that keep your family protected.

Consistent growth

ICICI ULIP plans offer the potential to grow your financial corpus as there is a chance of high returns 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 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 ULIP Plans

Here is the list of documents required to buy ICICI ULIP 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 ULIP Plans ?

ICICI ULIP Plans 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 ‘ULIP Plan’ tab under 'Life Insurance' from the top of the menu.

  • 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 Life Insurance Company.

  • Step 2

    Hover on ‘Plans’ click on the ULIP plan and choose 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 ULIP 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 ULIP Plans provide you with market-linked returns that help you consistently grow your money over time. Before investing you should understand the risk-return ratio associated with it. For more info related to ICICI Life ULIP 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 ULIP Plans , Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

FAQs: ICICI ULIP Plans

1. What happens if my online policy application request gets declined?

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.

2. How can I track the status of my application?

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.

3. Can I cancel my application request?

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 Buyonline@iciciprulife.com.

4. How can I pay the premiums of my plan?

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.

5. I am not satisfied with my ULIP plan. Can I cancel it?

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

6. What is the best time to invest in ICICI ULIP to avail higher returns?

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.

7. Can I partially withdraw my funds from my ICICI ULIP plans?

Yes, the ULIP plan offered by ICICI Pru allows you to make partial withdrawals any time after the completion of five policy years.

8. Can I calculate my ICICI ULIP Plan premium online?

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.

9. Do ICICI ULIP Plans offer any Tax Benefits?

Yes, under Income Tax Act 1961, the plans offer tax benefits against the premiums paid.

10. How can I maximize my ICICI ULIP Plan returns?

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

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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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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