India's leading private life insurer since 2001 with 98%+ claim settlement, market-leading ULIPs, and comprehensive protection solutions.
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank — India's largest private sector bank — and Prudential Corporation Holdings Limited, UK. Established in 2001, the company is among the first private sector life insurers in India and has consistently ranked among the top 3 private life insurers by premium income.
With an AUM exceeding ₹2.8 lakh crore and over 5 crore customers, ICICI Prudential Life offers a wide spectrum of products covering protection, savings, investment, and retirement planning. The company is listed on BSE and NSE and is known for technology-driven customer service and innovative product design.
ICICI Pru's comprehensive online term insurance offering life cover up to ₹5 Crore with flexible payout options — lump sum, monthly income, or increasing monthly income. Covers 34 critical illnesses and terminal illness.
A premium ULIP plan designed for long-term wealth creation with zero premium allocation charges and multiple fund options. Offers loyalty additions, wealth boosters, and systematic partial withdrawal from year 6.
A non-linked savings plan providing guaranteed annual income for up to 25 years plus a lump sum maturity benefit. Ideal for creating a secondary income stream for family expenses, child's education, or retirement supplement.
A participating life insurance plan offering guaranteed maturity benefit plus vested bonuses. Combines protection with disciplined savings, suitable for long-term goals like child education or retirement.
ICICI Pru is India's largest ULIP fund manager with proven track record. Signature and other ULIPs consistently outperform benchmarks with disciplined fund management and low cost structures.
AI-powered underwriting enables instant policy issuance for eligible customers. The LiGo chatbot, WhatsApp services, and mobile app provide 24/7 self-service for claims, premium payments, and fund switches.
Choose from regular, limited pay (5/7/10/12 years), or single premium options. Monthly premium payment via SIP mode available on ULIPs, making insurance accessible for salaried professionals.
Solvency ratio of 202% (well above IRDAI's 150% mandate) ensures the company has adequate reserves to honour all future claims and policyholder obligations regardless of market conditions.
Add-on benefits including accidental death (up to ₹2 Cr), critical illness (34 conditions), waiver of premium, accidental disability, and income benefit rider to customize your coverage.
Premiums deductible under 80C, maturity tax-free under 10(10D). ULIP gains after 5 years treated as equity/debt LTCG with ₹1.25L exemption on equity-oriented funds. NPS benefit under 80CCD.
Intimate online at iciciprulife.com, via WhatsApp, app, or by calling 1860-266-7766. Green channel claims (3+ year policies) get expedited processing.
Upload claim form, death/medical certificate, nominee KYC, cancelled cheque, and FIR (if accidental). Digital submission accepted for faster processing.
AI-assisted claim review for standard cases within 4 hours. Complex cases investigated within 15 days. Regular status updates via SMS and email.
Approved claims paid within 1-2 business days via NEFT. Green channel standard claims settled same-day. Total average: 2.5 days including documentation.
For a 30-year-old non-smoker male, iProtect Smart ₹1 Crore cover for 30-year term costs approximately ₹700-900/month depending on lifestyle, occupation, and add-on riders selected. Women get a 5-10% discount.
Yes, ICICI Pru Signature is consistently rated among India's best ULIPs with zero allocation charges, 11 fund options, wealth boosters from year 11, and a 20+ year track record of strong fund performance beating benchmarks.
Standard death claims (policies older than 3 years) under the Green Channel are settled within 4 hours to 1 business day. Non-investigated claims average 2.5 days. The overall claim settlement ratio is 98.57%.
Yes, you can switch between 11 fund options free of charge (unlimited switches per year). Use the mobile app, website, or WhatsApp to switch funds instantly based on market outlook and risk appetite.
The minimum sum assured for iProtect Smart is ₹50 Lakh (online) and maximum goes up to ₹5 Crore. Entry age is 18-65 years, and policy term can be chosen from 5 to 85 minus entry age.