With Life Insurance, you could smoothen the rough edges of life and make it a bit easier. It is extremely important that every person covers the risks so that in case of any eventuality, his family and their lifestyle does not undergo any drastic change. Insurance is still the most reliable tool an individual can use to plan for his future.
Life insurance is a financial resource for your family and loved ones in case of your death. It is a contract between you and an insurance company in which the company provides your beneficiary(ies) with a certain amount of money upon your death. In return, you make periodic payments (premiums) in an amount that depends on medical history, age, gender, and occupation.
Plans available with us
1)ICICI Pru iCARE
A Quick Look
You strive to provide comfort, happiness, and security to your family. Even if something unfortunate were to happen to you, you would want your family’s future to be secured at all times.
With ICICI Pru I Care, protect your family’s future and ensure that they lead their lives comfortably without any financial worries, even in your absence.Also, get the advantage of instant life insurance cover at the click of a button.
ICICI Pru iCare at a glance
Minimum / Maximum age at entry |
18 / 65 years (age last birthday) |
Minimum Policy term |
Regular Pay: 30 years
One Pay: 10 years
Policy term will be in multiples of 5 years |
Maximum age at policy expiry |
75 years (age last birthday) |
Minimum premium |
Rs. 3,000 (excluding service tax and education cess) |
Accidental Death Benefit
(Only with iCare Option II) |
Equal to Sum Assured, subject to a maximum of Rs. 50 lakhs |
Minimum Sum Assured |
Rs. 10 lakhs subject to a minimum premium of Rs. 3,000 (excluding service tax and cesses, as applicable.) |
Maximum Sum Assured |
Age band (last birthday) |
Maximum Sum Assured |
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18-50 |
1.5 crore |
51-65 |
70 lakhs |
Premium payment option |
Regular Pay. Company may offer One Pay option for 5 and 10 year policy terms. |
Mode of premium payment |
Regular Pay: Yearly
One Pay: Single |
Tax benefits |
Premium paid towards the policy will be eligible for tax benefits u/s 80C of the Income Tax Act, 1961 |
How can I benefit from this term insurance plan?
Key benefits
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Option I: Death benefit equal to Sum Assured.
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Option II: An additional death benefit equal to Sum Assured or Rs. 50 lakhs, whichever is lower, payable only in case of death due to accident.
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Instant life insurance cover1 through a simple online application process
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.Insurance cover at extremely affordable premiums.
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Option of regular pay and one pay.
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Tax benefits on the premiums paid2.
1. The life insurance cover will begin immediately on acceptance of proposal.
After submission of the application form, if it is found that the customer has existing policies which have not been disclosed and due to which, there is a change in the underwriting decision of the Company, the Company will withdraw the cover subject to Section 45 of the Insurance Act, 1938 and below mentioned clause 1a.
• 1a. The maximum benefit payable on death, excluding the Accidental Death Benefit under ICICI Pru iCare Option II, in respect of all policies issued on the same Life Assured will be limited to the maximum Sum Assured applicable for this product. The additional Accidental Death Benefit payable under ICICI Pru iCare Option II in respect of all policies issued on the same Life Assured will be limited to Rs. 50 lakhs.
2. Tax benefits under the policy are subject to conditions u/s 80C of the Income Tax Act, 1961.
Service tax and education cess will be charged extra, as per applicable rates. The tax laws are subject to amendments from time to time.
2) ICICI PURE PROTECT
A Quick Look
As the head of your family, you have always fulfilled your responsibilities and given your loved ones the comforts they need. However, life is full of uncertainties and it is important to ensure that your family has a term insurance cover, should something unfortunate happen to you.
Keeping this in mind, we bring to you, ICICI Pru Pure Protect Classic & Pure Protect Elite, which are term insurance plans to insure your life and provide total security to your family.
ICICI Pru Pure Protect at a glance
ICICI Pru Pure Protect Classic |
ICICI Pru PurePru Protect Elite |
|
Min / Max Entry Age |
18 / 65 years |
18 / 65 years |
Min / Max Term |
10 / 30 years |
10 / 30 years |
Max. Coverage Age |
75 years |
75 years |
Min. Premium |
Rs. 2,400 p.a. |
Rs. 2,400 p.a. |
Min. Sum Assured |
Subject to minimum
premium as applicable |
Rs. 25,00,000 |
Max.Sum Assured |
Rs. 24,99,999 |
|
Premium Payment Frequency |
Yearly / Half Yearly / Monthly |
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Tax Benefit of the term
insurance plan |
Premium paid towards the life insurance
protection policy will be eligible for
tax benefit under Sec 80C , any benefit amount received under this policy will be eligible for the tax benefit under section 10 (10D), as per prevailing Income Tax laws |
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3) ICICI Pru Guaranteed Savings Insurance Plan
A Quick look
Life has many important milestones: your house, your child’s education and marriage, your retirement kitty. It would be your dream to achieve them all with certainty. However, this would need careful planning and a regular savings approach.
Special Features
4) ICICI Pru LifeStage Wealth II
A Quick look
ICICI Pru LifeStage Wealth II is a unit linked insurance plan that offers multiple choices to decide how your savings would be invested based on your risk appetite. Further, it provides you with an insurance cover to help you realize your dreams without compromising your family’s protection.
Special Features
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Multiple portfolio strategies
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Fixed Portfolio Strategy
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LifeCycle based Portfolio Strategy
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Trigger Portfolio Strategy
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Flexible premium payment options
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Top up
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Loyalty Additions
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Automatic Transfer Strategy
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Tax Benefits
for more details click here>>>
5) ICICI Pru LifeTime Premier
A Quick Look
ICICI Prudential presents ICICI Pru LifeTime Premier, a comprehensive savings plan that offers you a choice of portfolio strategies for your savings and at the same time secures you against uncertainties of life.
Special Features
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Trigger Portfolio Strategy
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Flexible premium payment options
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Loyalty Additions
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Top up
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Automatic Transfer Strategy
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Tax Benefits
6) ICICI Pru LifeLink Wealth SP
A Quick Look
ICICI Pru LifeLink Wealth SP is a unique single premium ULIP that provides you the opportunity to enjoy market linked higher returns over the long term on your investments, with just a single premium. This product also offers you a unique strategy that allows you to protect gains made through your funds invested in the equity markets from any future equity market volatility.
Special Features
7) Reliance Life Insurance Guaranteed Money Back Plan
get the dual benefit of protection and returns
Reliance Life Insurance Guaranteed Money Back Plan is a Non-linked, Non- participating money back plan with an inbuilt accidental death benefit and waiver of premium benefit on death of the life assured. This plan helps you plan for the financial obligations required at various upcoming events in your life.
Key features – Reliance Life Insurance Guaranteed Money Back Plan
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Guaranteed Money Back benefits are payable every year during last five policy years.
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Guaranteed Loyalty Additions of upto 40% of base Sum Assured
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Guaranteed Maturity Addition of upto 20% of base Sum Assured
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On death, 100% of the base Sum Assured is paid and the nominee will also receive the money back benefits and the maturity benefits as mentioned under the contract at specified times.
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An additional Sum Assured up to ` 50 Lacs is payable on accidental deaths.
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A host of optional rider benefits to enhance protection cover
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