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ICICI Prudential Lakshya Wealth Plan

As life progresses, our goals keep on evolving, whether it is buying a house or funding child’s higher education or protecting our loved ones. We always want to give them the best and for this, one needs to have the right plan.
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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 Lakshya Wealth Plan Overview

  • Key benefits
  • Eligibility

Key Features of ICICI Prudential Lakshya Wealth Plan

  • Lump Sum Benefit-Get lump sum amount on maturity to fulfill your dreams.
  • Capital Protection) – Get guaranteed capital protection with Sum Assured on Maturity5
  • Guaranteed Value Benefits (GVBs)1– Get rewarded with applicable GVBs a.Start Early: Start your savings now rather than later. b. Save More: Higher the premium, higher the benefit. c.Stay More: More benefit for long term savings and protection d.SHE : Exclusively for women to promote savings by women
  • Bonuses2 - Enjoy bonuses in the form of Regular Additions, if declared, every year and one time Terminal Bonus, if declared, on maturity to grow your wealth
  • Protection - Get life cover throughout the policy term to secure your family’s future.
  • Tax Benefits3 - Tax Benefits on premiums paid and benefits received as per prevailing tax laws.

Eligibility of ICICI Prudential Lakshya Wealth Plan

Entry age 3 to 50 years
Lakshya Wealth Plan 18 and 72
Death benefit Higher of sum assured or total premium
Policy Term (PT) in years 12- 30 years
Maturity 70 years
Maturity Benefit Sum assured on maturity + applicable guaranteed value benefits + accrued regular additions net of encashment if any + terminal bonus
Bonuses Regular additions and terminal bonus
Income Fixed number of years
Life cover Throughout the policy tenure

Brochure

Review ICICI Prudential Lakshya Wealth Plan Insurance brochure to understand coverage details.

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Policy wordings

Review ICICI Prudential Lakshya Wealth Plan Insurance policy wordings which explains the terms and conditions.

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