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ICICI Prudential Insurance plans

ICICI Prudential Signature Plan

ICICI Pru Signature Plan is an investment cum insurance plan. The charges in the plan are low, even comparable to mutual funds. So it increases the chances of higher returns
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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 Signature Plan Overview

  • Key features
  • Key benefits
  • Eligibility

Key features of ICICI Prudential Signature Plan

  • Investment cum insurance plan with low charges
  • No premium allocation charge
  • Wealth Boosters every 5 years after 10th policy year
  • Mortality Charge and Policy Administration Charges are reversed on Maturity
  • Option of Whole Life cover - till the age of 99
  • Tax exemptions under Sec 80C and Sec 10(10D). As per current income tax rules, ensure that the life cover is at least 10 times the annual premiums paid, to avail these tax benefits.

Key benefits of ICICI Prudential Signature Plan

  • Financial Protection – Life Cover for the entire policy term so that your family is financially secured even in your absence.
  • Return of Charges – No Premium allocation charges. Return of mortality charge and policy administration charges at maturity. +
  • Investment Flexibility – Choice of 4 portfolio strategies and 13 funds across equity, balanced and debt to suit your investment needs. Also enjoy the flexibility to opt for Change in Portfolio Strategy (CIPS).
  • Unlimited Free Switches – Switch between the funds as many times for Fixed Portfolio Strategy, completely free of cost.5
  • Wealth Boosters – Get rewarded with Wealth Boosters2 at regular intervals by just staying invested in the plan.
  • Money at regular intervals – Get money at regular intervals to fund your different life goals with Systematic Withdrawal Plan3. Get Partial Withdrawals without any penalty or reduction in life cover.
  • Tax Benefits– Get tax free maturity amount under Sec 10(10D) and tax rebate on premium paid under Sec 80 C 4

Eligibility criteria of ICICI Prudential Signature Plan

Minimum Maximum
Age at Entry 0 years 60 years
Age at Maturity 18 years 75 years
99 years - WLO
Premium Amount Rs. 30,000 p.a.
Rs. 60,000 p.a. - WLO		 No limit
Policy Term 10 years 30 years
99 minus Entry Age - WLO
Premium Payment Term egular Pay - Same as policy term
Limited pay - 5, 7 & 10 years
Limited pay (WLO) - 5, 7 , 10 & 15 years
Premium Modes Monthly, Half-yearly, Yearly

Brochure

Review ICICI Prudential Signature Plan Insurance brochure to understand coverage details.

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Policy wordings

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

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