ICICI Prudential Life Insurance Company Ltd began its operations in the year 2001. It is a joint venture between one of the largest private sector banks in India and Prudential Corporation Holdings Limited.
Company's product portfolio ranges from long term saving to financial protection products meeting different life stage requirements of its customers. The company aims to provide cost effective products, good supervision of assets and funds under its management and a hassle free claim settlement experience for its valued customers. It is also the first insurance company which has been listed on National Stock Exchange and Bombay Stock Exchange. The claim settlement ratio for the company in the FY 2017-18 is 97.88%. The company has maintained impressive claim settlement ratio in the last few years.
tained impressive claim settlement ratio in the last few years.
Interesting facts about ICICI Prudential Life Insurance Company Ltd
ICICI Prudential Life is the first private life insurance company to attain assets under management of 1 trillion
Assets Under Management (AUM) as on 31st March 2017 were Rs. 1,229.19 billion.
The company issued 1 lakh policies in the first year of operations.
The company has a healthy claim settlement ratio of above 90% in the last five years.
Features of ICICI Prudential Life Insurance Plans
Comprehensive life cover on the payment of affordable premium
Includes both Death Benefit and Maturity/Survival Benefit
Serves the dual purpose of life cover and investment, enabling you to plan multiple financial objectives well in advance
Tax benefits applicable on premium payment as per Section 80C and maturity benefits under Section 10(10D) of the Income Tax Act, 1961
Life insurance retirement plans help you to strategically plan your retirement fund.
Offers a free look Period of – (i) 15 days from the date of receiving the ICICI Prudential Life Insurance policy, if the policy has not been purchased through Distance Marketing, and (ii) 30 days from the date of receiving the policy, in case of electronic policy purchase or is purchased through Distance Marketing
ICICI Prudential life Insurance
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