ICICI Prudential Insurance plans

ICICI Prudential Future Protect Plan

ICICI Prudential Future Perfect is a traditional life insurance plan. A part of the maturity amount is guaranteed while the other part is variable and linked to the investment performance
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ICICI Prudential Life insurance review

ICICI Prudential Life
Branches In India
517
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
50 lacs / 100 cr
Policy Term Minimum / Maximum (Years) - Terms Plans
5years/ 85years and also we have whole life option
Solvency Ratio *
217% (2.17)
Death Claims Settled from 2002 till now
₹ 95.48 billion
Number of Lives Covered**
2133682
Claims Settlement Ratio ***
97.90%
Claim Settlement Time
1.4 days
13 months Persistency Ratio
87.10%
* - As per IRDAI data 2020-21 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2020-21  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

ICICI Prudential Future Protect Plan Overview

  • Key features
  • Eligibility

Key Features of ICICI Prudential Future Protect Plan

  • Guaranteed amount paid on policy maturity
  • Plan has accrued Guaranteed Additions (GAs)
  • Tax benefits apply to premiums paid and benefits received

Eligibility of ICICI Prudential Future Protect Plan

Premium payment option Limited Pay
Premium payment term (PPT) (years) 5 7 10 15 20
Policy term (years) 10 to 15 12 to 17 15 to 20 20 to 25 25 to 30
Minimum annual premium (`) 40,000 18,000 12,000 9,600 8,400
Min / Max age at entry (years) 3 / 45 1 / 58 91 days/ 55 91 days/ 50 91 days/ 45
Min / Max age at maturity (years) 18 / 60 18 / 70
Minimum Basic Sum Assured on Death 4,00,000 1,80,000 1,20,000 96,000 84,000
Premium paying frequency Premium paying frequency

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025