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This advertisement is designed for combination of Benefits of two ICICI
iProtect Smart (a non-linked term insurance plan; UIN: 105N151V07)
policies, one for you and one for your spouse. These products are also
available for sale individually without the combination offered /
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* ICICI Pru iProtect Return of Premium (New)
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life-stage2
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* ICICI Pru LifeTime Classic
Premium starts at `2500/- p.m.
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* ICICI Pru Smart Life
Premium starts at 45,000 /- p.a.
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received as per the prevailing tax laws
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2Conditions apply
* ICICI Pru Guaranteed Income For TomorrowIncome and Lump Sum
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* Growth of wealth with guaranteed additions
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* SmartKid with ICICI Pru Smart Life
* Plan for child of any age
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* ICICI Pru Saral Pension PlanSingle Premium Immediate Income
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* ICICI Pru Guaranteed Pension Plan FlexiRegular Premium Future Income
* A regular-pay deferred annuity plan that helps you gradually build
the retirement savings and provide guaranteed income for life
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* Meet your healthcare and lifestyle needs through additional payout
options1
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Waiver of Premium feature3
* Annuity plan can cover either single or joint life2
* Tax benefits as per prevailing tax laws
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* ICICI Pru Guaranteed Pension PlanSingle Premium Future Income
* Single premium plan to get guaranteed income for life with the
option to defer income by upto 10 years
* Lock in the current interest rates for the annuity to be received
later
* Annuity plan can cover either single or joint life*
* Flexible payout options to suit your need2
* Tax benefits# on premium paid u/s 80CCC of Income Tax Act, 1961
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* Financial protection for your loved ones with life cover
* Return of mortality and policy administration charges1
* Enjoy policy benefits till 99 years of age with Whole Life policy
term option
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For offline Signature refer to Offline Signature Brochure
* ICICI Pru Guaranteed Pension Plan
* Single premium plan to get guaranteed income immediately for the
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* Purchase annuities from your savings or accumulated NPS corpus
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* SAVINGS/ ENDOWMENT PLANS
* ICICI Pru Gold (New)
* Regular income1 up to 99 years of age followed by a lump sum2 on
maturity
* Option to start receiving income immediately from the end of 1st
policy year/month or defer3 it for a few years as per your need
* Protection through life cover4 till up to 99 years of age
* Tax benefits5 may be applicable on premiums paid and benefits
received as per prevailing tax laws
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* ICICI Pru Savings Suraksha
Premium starts at 1,000 /- p.m.
* Traditional Savings Plan
* Life Cover to secure the future of your loved ones
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* ICICI Pru Sukh Samruddhi (New)
* Choice to avail benefits as either Income or Lump sum
* Life cover1 for financial protection of your loved ones
* Option to receive income on any date of your choice with ‘Save the
Date’2
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convenience with ‘Savings Wallet’3
* Tax benefits4 may be applicable on premiums paid and benefits
received as per prevailing tax laws
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* ICICI Pru Cash AdvantageMoney Back
* Your family gets financial protection through life cover
* Guaranteed cash benefitsΘ
* You get Bonus, if any, for staying invested£
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ΘConditions apply
* ICICI Pru Future Perfect
Premium starts at 700 /- p.m.
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* ICICI Pru Lakshya Wealth
* Get lump sum on maturity along with protection throughout the policy
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* ICICI Pru Lakshya Lifelong Income
Premium starts at 30,000 /- p.a.
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GuaranteedΘ Income Plan110% Premiums backꞂ
Zero Costō Option Term
Life Cover COVID-19 life claims
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InsuranceLess than ₹99 p.m.!'
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TOP SELLING TAX SAVING INSURANCE PLANS`~
* ICICI PRU SIGNATURE ONLINE
Build wealth with tax-free` market-linked returns with life coverλ`IN ULIPS
THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE INVESTOR
Save Now
* ICICI PRU GUARANTEED INCOME FOR TOMORROW
100% Guaranteed~~, Tax-free` returns for your non-compromisable goals with
life coverλ`~~T & C apply
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* ICICI PRU IPROTECT SMART
Save tax up to ₹ 54,600/-``on your life coverλ` & critical illness^` cover
premiums annually
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W/II/1218/2022-23
DISCOVER THE RIGHT INSURANCE PLAN FOR YOUR GOALS
Select a goal that matters to you the most
FAMILY PROTECTION
FAMILY PROTECTION
“Family always comes first”
Let us be your guide in providing your family with complete financial security
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EARLY INVESTING
EARLY INVESTING
“Gain more by investing early”
Small investments today can lead to a big corpus which can meet your financial
goals.
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PLAN FOR YOUR CHILD’S FUTURE
PLAN FOR YOUR CHILD’S FUTURE
“Plan ahead for your little one”
Providing the best education to your child is every parent’s goal. Choose our
investment plans to ease the financial stress.
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CREATE LONG-TERM WEALTH
CREATE LONG-TERM WEALTH
“Make your money work hard”
Our plans give you unmatched flexibility as well as create long term wealth for
you and your loved ones.
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PLAN FOR A HAPPY RETIREMENT
PLAN FOR A HAPPY RETIREMENT
“Make your second innings count”
Allow us to be your guide in pursuing your dreams and making the retirement
milestone worth celebrating.
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REDUCE TAX BURDEN
REDUCE TAX BURDEN
“Save Tax & Grow your money”
Our plans are here to reduce tax related cuts which not only allow you to save
more but also give you more security.
Find out more X
COMP/DOC/Jun/2022/286/0673
LIFE INSURANCE, RETIREMENT PLANNING, AND WEALTH CREATION
All in one place.
* TERM INSURANCE
ICICI PRU
IPROTECT SMART
Key Features
Check Premium
* Life cover+ to secure your family
* Critical Illness^ cover option
* Lump sum or regular income to your loved ones in your absence
* LOW COST ##
* TAX BENEFIT`
Start with just ₹ 540/- per month
(under Life Option)
* SAVINGS PLAN
ICICI PRU GUARANTEED INCOME FOR TOMORROW
Key Features
CHECK RETURNS
* 100% guaranteed~~ tax-free`` income/lump sum
* Option to get income from the 2nd year*`
* Save tax up to ₹ 46,800/- under Section 80C``
* TAX BENEFIT``
* LIFE COVER
Start with just ₹ 2,500/- per month
~~Conditions Apply
* TERM INSURANCE
ICICI PRU IPROTECT RETURN OF PREMIUM
Key Features
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* 105% Return of total premiums† paid
* Life stage cover1† benefit (optional)
* 64 Critical illnesses$* cover (optional)
* TAX BENEFIT`
Start with just ₹ 1,066/- per month
(under level cover option) ‘``
* ULIP PLAN
ICICI PRU SIGNATURE ONLINE
IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE
POLICYHOLDER
Key Features
CHECK RETURNS
* Tax-free` market-linked returns
* Extra wealth boosters`* @ 3.25%
* Easy withdrawals at no cost^*
* TAX BENEFIT`
* LIFE COVER
Start with just ₹ 2,500/- per month
* RETIREMENT PLAN
ICICI PRU SARAL PENSION PLAN
Key Features
CALCULATE PENSION
* Guranteed~ lifelong income
* Competitive rates
* 100% Return of Purchase Price
* 1% extra income on buying online
Pay ₹ 25 Lakh once, Get ₹ 13,331/- p.m. for life++
~# Conditions Apply
* Guaranteed Income Plan≠
ICICI PRU GUARANTEED INCOME FOR TOMORROW (LONG-TERM)
Key Features
CHECK RETURNS
* 100% Guaranteed≠, tax-free∞ income for up to 30 yearsꓘ
* Option to get 110% Return of PremiumꞂ
* Save tax up to ₹ 46,800/- under Section 80C∞
* TAX BENEFIT∞
* LIFE COVER
Start with just ₹ 2,500/- per month
≠Conditions Apply
* RETIREMENT PLAN
ICICI PRU GUARANTEED PENSION PLAN FLEXI
Key Features
CALCULATE PENSION
* Guranteed~ lifelong income
* Easy systematic investment
* Financial security with waiver of premiums3 option
* Tax-benefit *
* Death-benefit1
Easy investment of ₹ 5000/- p.m.
~# Conditions Apply
* Endowment Plan
ICICI PRU SAVINGS SURAKSHA
Key Features
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* GuaranteedↃ returns with company performance-linked bonuses£
* 5% Guaranteed AdditionsŦ for the first 5 years
* Tax-free± returns
* TAX BENEFIT±
* LIFE COVER
Start with just ₹ 1,000/- per month
ↃConditions Apply
* CHILD PLAN
SMARTKID WITH ICICI PRU SMART LIFE
Key Features
CHECK RETURNS
* Grow your money with market investment
* Premium waiver to secure child’s future
* Free of cost money withdrawal
* TAX BENEFITS
* LIFE COVER*
Start with just ₹ 3,750/- per month
*Conditions Apply
Conditions Apply. W/II/1251/2022-23
LIFE INSURANCE
Life insurance is a contract between an insurance policyholder and an insurance
company, where the insurer promises to pay a sum of money in exchange for a
premium after a set period or upon the death of an insured person. Life
insurance offers you and your family financial protection. Some policies also
offer optional add-ons, such as critical illness benefit, accidental death
benefit, and more. The importance of life insurance cannot be ignored in
ensuring the financial safety of your loved ones.
BENEFITS OF BUYING LIFE INSURANCE
WHAT ARE THE DIFFERENT TYPES OF LIFE INSURANCE?
WHO NEEDS LIFE INSURANCE THE MOST?
WHY DO YOU NEED LIFE INSURANCE?
HOW MUCH LIFE INSURANCE COVERAGE DO YOU NEED?
HOW DO YOU FILE A LIFE INSURANCE CLAIM?
HOW CAN YOU CHOOSE THE BEST LIFE INSURANCE PLAN?
WHAT IS A WHOLE LIFE INSURANCE POLICY?
CAN WHOLE LIFE INSURANCE HELP YOU CREATE A LEGACY?
WHY IS IT IMPORTANT FOR WOMEN TO HAVE A LIFE INSURANCE PLAN?
FACTORS THAT AFFECT LIFE INSURANCE PREMIUM
❯ ❯
BENEFITS OF BUYING LIFE INSURANCE
Life insurance provides your family with much needed financial protection, in
your absence. It gives you peace of mind and confidence and helps you save
taxes. There are several benefits of life insurance. Let us take a look at some
of them:
* Financial security: Life insurance products can provide you and your loved
ones with financial security. You can financially secure your family by
choosing a substantial life cover+ so that they can maintain their standard
of living in your absence
* Wealth creation: These life insurance plans help you create wealth over time
and build savings. Life insurance plans can be used to save for your future
needs. They offer options to cover different types of risks and goals
* Disciplined investment: With regular premium payments, life insurance plans
inculcate financial discipline. They offer unique investment opportunities
for every risk type with a wide range of products, such as unit linked life
insurance plans, guaranteed savings insurance plans, endowment plans, and
more
* Retirement planning: Life insurance products like annuity plans, savings
plans, endowment plans, and others help you build a retirement pool. These
plans offer guaranteed income on maturity and help you secure your retirement
with adequate savings
* Tax savings: Life insurance plans offer many tax` benefits to facilitate
better savings. The premiums paid are tax` deductible under Section 80C and
80D of the Income Tax Act, 1961. The maturity benefits also enjoy a tax-free`
status under Section 10(10D) in most cases
WHAT ARE THE DIFFERENT TYPES OF LIFE INSURANCE?
Types of life insurance in India:
* Term life insurance plan: Term insurance plans offer your nominee a fixed sum
assured amount in exchange for regular premiums, in case of an unfortunate
incident during the policy term
* Health insurance plan: Health insurance plans reimburse insured customers for
their medical expenses, including treatments, surgeries, hospitalisation and
the like which arise from injuries/illnesses, or directly pay out a certain
pre-determined sum to the customer
* Unit linked insurance plan (ULIP): A unit-linked insurance plan offers
investment and insurance under the same policy. A part of your premium gets
invested in equity/debt/balanced funds as per your choice and the other part
is used to secure your loved ones with a sum assured
* Endowment plan: An endowment plan allows you to build risk-free savings and
protect the financial interests of your family in your absence
* Annuity plan: An annuity plan is a type of retirement plan that offers you a
regular payment in return for a lump sum investment. In simple words, you pay
the life insurance company a premium in a lump sum and your money is returned
to you as regular income either immediately or after a certain period of
time. The life insurance company invests your money and pays back the returns
generated from it to you as payouts
WHO NEEDS LIFE INSURANCE THE MOST?
Life insurance can be a must-have financial tool for the following people:
* Newly married couples: Life insurance can offer newly married couples peace
of mind and financial security. It can help your spouse live their life
comfortably and meet all financial liabilities.
* Parents with young children: Parents with young children can purchase life
insurance to ensure that their children have a financial cushion to fall back
on if they are not around to take care of them. Life insurance plans can also
help parents save for their kids’ future needs.
* People nearing retirement with fewer savings: Life insurance plans allow you
to save and invest your money. You can opt for low-risk options and secure
your retirement and old age.
* Business owners: Life insurance benefits can help your family carry on your
business in your absence. The payouts can also help them pay off creditors or
clear their debts.
WHY DO YOU NEED LIFE INSURANCE?
* To provide complete financial security to your loved ones: Life insurance
makes sure your loved ones won't suffer financially in your absence. There is
no way to replace a loved one, but planning with life insurance does help in
taking care of the financial needs of the family
* Accomplish your financial goals: Life insurance plans help you achieve your
financial goals be it securing your family from life's uncertainties, saving
for your child's education or buying your dream house. Life insurance plans
inculcate a habit of disciplined saving. Paying a nominal amount as a premium
at a frequency of your choice will help accumulate money over a period of
time. Also, new age insurance plans allow you to withdraw money at key
milestones without any additional charges
* Peace of Mind: In these uncertain times, all anyone wants is a safety net
that not only provides financial security but also helps in building a
sizable corpus over time. A life insurance plan is an instrument that can
provide both. A life insurance plan ensures that the constant stress of
financial planning is reduced considerably thus providing one an absolute
peace of mind
* Save tax: When it comes to tax planning, life insurance plays a vital part in
optimizing your taxable income. You can claim a deduction on your life
insurance premiums under Section 80C` of the Income Tax Act, 1961. Also, the
payouts for death claims are tax-exempted subject to conditions under Section
10(10D)` of the Income Tax Act, 1961
HOW MUCH LIFE INSURANCE COVERAGE DO YOU NEED?
The simplest way to calculate the minimum life cover+ amount for a life
insurance plan is to multiply your current annual income by 10$ if you’re under
55 years of age. For example, if your current annual salary is ₹ 10 lakh, you
should buy a life insurance cover that is worth at least ₹ 1 crore. Another way
to calculate life insurance is by analysing your current and future expenses.
Here are some of the most important factors that you must consider before
choosing a life cover+ amount for life insurance:
* Debt: Financial liabilities like loans can become a burden on your family in
your absence. Take cognizance of your debt and pick a life insurance coverage
that can be used to repay it
* Dependents: Consider the expenses of dependent family members like minor
children and ageing parents. Different circumstances may necessitate
different life insurance coverage needs. So, pick an appropriate amount of
life insurance as per their lifestyle and requirements
* Financial goals: Financial goals like retirement planning, children's higher
education, marriage, medical expenses, and others must also be considered
while selecting the life cover+ amount
* Age: Different stages of life present different financial needs. Hence, keep
the age of your dependents in mind while calculating your life insurance
coverage
HOW DO YOU FILE A LIFE INSURANCE CLAIM?
You can file a life insurance claim in the following steps:
* You can file a life insurance claim online, at a physical branch central
office, or on our central
* ClaimCare helpline through SMS or e-mail
* You can visit the Claims section of the ICICI Prudential Life Insurance
website to submit an online claim
* You can call us at our 24x7 ClaimCare helpline number at 1860 266 7766
* You can e-mail us at claimsupport@iciciprulife.com
Please submit the following information along with the claim:
* Claimant statement form
* Death certificate in case of death claims
* Medical papers, diagnosis reports, and other necessary documents
* Your identity proof, address proof, and a cancelled cheque or copy of your
bank passbook
The team will assess your claim and get back to you if they need any more
information.
HOW CAN YOU CHOOSE THE BEST LIFE INSURANCE PLAN?
Here is a guide to help you select the right life insurance policy that suits
all your needs.
* Identify your life insurance goals: You must plan for your life insurance
goals with the help of a suitable life insurance policy. If safeguarding your
family’s financial security is your primary goal, you can buy a term
insurance plan that offers high coverage at affordable rates.
If you are looking to save for your child's education or thinking of buying a
dream house for yourself, you can consider investing in a unit-linked
insurance plan. You can also buy a retirement plan to ensure regular income
for your everyday expenses post retirement.
* Calculate the right life insurance cover for you: Your life insurance cover
should be at least ten to fifteen times your annual income$. However, there
are several elements that you should consider while estimating the ideal life
insurance amount. For example, if you have loans, then the burden of EMIs may
fall on your family in your absence. In addition to this, you need to ensure
sufficient funds for your children’s higher education or marriage.
* Get a customised quote: You can use online premium calculators to check how
much premium you have to pay for the required amount of life insurance cover.
Compare different plans to find a policy that offers the highest coverage at
rates that fit your budget
* Select the correct policy term: The term of the policy should ideally be the
number of years your family will be financially dependent on you. The general
thumb rule is to choose a policy term till the age of your retirement
* Choose a trustworthy life insurance provider: While you are comparing
insurance plans, apart from the premiums you need to also keep in mind
certain factors that will help you in choosing the right life insurance
provider
One of these is the claim settlement ratio. Claim settlement ratio is the
percentage of claims that an insurance provider settles in a year out of the
total claims. It acts as an indicator of their credibility. As a general
rule, the higher the ratio, the more reliable the insurer is. Look for a life
insurance company whose claim settlement ratio is consistently more than 95%
over the years
You can easily find the Claim Settlement Ratio of different companies on the
official website of the Insurance Regulatory and Development Authority of
India (IRDAI)
* Buy life insurance early: Life insurance premiums for health insurance and
term insurance plans are lower when you are younger. Thus, you can save on
the cost of your premium if you buy your life insurance policy as soon as you
start earning. You can begin with lower coverage and add more riders as your
income increases
* Choose a comprehensive all-in-one plan: Medical emergencies might affect your
income adversely. Hence, it’s necessary to choose a comprehensive life
insurance plan, with appropriate riders for yourself:
Critical Illness rider offers payout if you are diagnosed with any major
illnesses like kidney failure, cancer, or heart attack. This amount can be
useful in meeting treatment costs and protect you against the loss of income
due to such illnesses
Accidental Death Benefit rider provides your loved ones an additional amount
in case of your sudden demise due to an accident
Permanent Disability rider offers a waiver for all your future premiums if
you are permanently disabled due to an accident. Your life cover+ continues
throughout the remaining policy term
Terminal Illness rider gives you access to your life cover+ amount for
dealing with terminal ailments like cancer by providing a full payout before
death. This benefit also covers AIDS
WHAT IS A WHOLE LIFE INSURANCE POLICY?
Whole Life Insurance is a term insurance policy that covers you for 99 years.
They are different from other insurance policies which have a defined term of
say 10, 20 or 30 years.
CAN WHOLE LIFE INSURANCE HELP YOU CREATE A LEGACY?
Yes, whole life insurance can help you leave behind a legacy/inheritance for
your family. This is because whole life policies cover you till the age of 99.
In case of the death of the insured person before this age, the beneficiaries of
the life insurance policy will get the sum assured. Insurance payouts are also
exempt from tax` under Section 10(10D).
WHY IS IT IMPORTANT FOR WOMEN TO HAVE A LIFE INSURANCE PLAN?
According to the Census of India, about 48% of the Indian population is femaleα.
Yet women purchased only 36% of the life insurance policies issued in the
country, in 2019Ω. While there is still a disparity in numbers between the male
and female life insurance policyholders, with an increase in the exposure and
awareness of life insurance among women, there is a slow yet significant change
in this sphere. Therefore, it is essential to understand the importance of
insuring yourself.
Buying life insurance is extremely important for you to protect the financial
future of your loved ones and to save for your life goals systematically.
Moreover, science has proven that women have longer life expectancy than men$$.
This means that you will have to stay financially prepared for a more extended
period. And what better way to do that than with a life insurance plan?
FACTORS THAT AFFECT LIFE INSURANCE PREMIUM
The premium amount for your life insurance plans like health insurance and term
insurance can depend on a number of factors. Some of these have been mentioned
below:
* Age: Age is one of the chief factors that impact the life insurance premium.
As you age, the possibility of the insurer paying the claim also increases.
This is why the life insurance premium rises with age
* Gender: Women tend to live longer than men$$. Hence, they pay the premium for
a longer period. This results in a comparatively lower life insurance premium
* Present health and medical history: You may have to undergo a medical test
before purchasing a life insurance policy so that the insurer can assess your
health status. Having a history of medical issues can increase the premium
for life insurance. Family health history and hereditary diseases can also
impact the life insurance premium
* Lifestyle: Poor lifestyle choices like smoking and drinking alcohol can
increase the risk of certain ailments. This impacts the premium amount for a
life insurance plan
COMP/DOC/May/2022/125/0259
CUSTOMER TESTIMONIALS & REVIEWS
Customer Testimonials & Reviews
*
Karan Gupta
★★★★★
Thanks to ICICI Prudential Life Insurance for solving my queries about the
term plan. I bought a term plan online for the very first time to secure my
family. I had so many queries related to the policy and the customer service
associate helped me clear all my doubts.
*
Nakul Bhangadia
★★★★★
Hassle-free and dependable. If the first few steps of taking insurance are
smooth, it gives confidence that the insurance is in safe hands.
*
Amit Sharma
★★★★★
Easy process. With the help of your executive, it becomes more trustable.
*
Suman Roychoudhury
★★★★★
Term insurance policy issuance is usually time taking with lots of documents
and medicals. Thanks to ICICI Prudential Life Insurance team for proving this
is a myth if you are purchasing term insurance online. Even during the
pandemic, the policy issuance was lightning fast!!
*
Yogesh Jain
★★★★★
My personal experience was very superb, everything was very smooth and
effortless. Happy to be a part of ICICI Prudential Life Insurance.
*
Bhavya Taneja
★★★★★
Fast activation of policy, E-policy document, Timely reminders. Terms and
coverage
*
Karan Gupta
★★★★★
Thanks to ICICI Prudential Life Insurance for solving my queries about the
term plan. I bought a term plan online for the very first time to secure my
family. I had so many queries related to the policy and the customer service
associate helped me clear all my doubts.
*
Nakul Bhangadia
★★★★★
Hassle-free and dependable. If the first few steps of taking insurance are
smooth, it gives confidence that the insurance is in safe hands.
*
Amit Sharma
★★★★★
Easy process. With the help of your executive, it becomes more trustable.
*
Suman Roychoudhury
★★★★★
Term insurance policy issuance is usually time taking with lots of documents
and medicals. Thanks to ICICI Prudential Life Insurance team for proving this
is a myth if you are purchasing term insurance online. Even during the
pandemic, the policy issuance was lightning fast!!
Read all
COMP/DOC/Sep/2020/179/4471
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