Our lives are filled with ups and downs we might not know what might happen the nest minute. An insurance policy will definitely help us in difficult times. But it is very important to choose the best insurance policy. ICICI prudential life is one of your best choices to choose. It is located in Vadora. It provides a comprehensive plan for the customers. It is called prudential life insurance. They have satisfied customers for many decades. Their plans have a wide range of variety and several options to choose. In this article let’s discuss about ICICI prudential life insurance in detail.
Benefits of ICICI prudential life insurance
ICICI prudential life insurance has wide range of benefits. They provide various features in their policies. The benefits are listed as follows
1. ICICI provides an excellent financial security to the customers. To meet the unforeseen circumstances
2. At last of the policy period a lump sum of amount is provided. This is provide savings for their future goals
3. After the 2nd year commences, the customers can receive their guaranteed amount
4. During financial emergencies and critical situations customers can avail loan benefits any time.
Types of ICICI prudential life insurance
ICICI prudential cash advantage plan
ICICI prudential cash advantage plan is a non linked plan with life cover and wealth coverage which is a comprehensive
Product benefits
1. Liquidity is used to control the excess cash flow. After the post payments term is completed your payments will commence
2. Your guaranteed cash benefit is equal to 1% during the period of 10 years and end time
3. You are provided with flexible payment period for 5 to 7 years
4. Death benefit= Sum+bonus+GMB
5. Minimum death benefit is 105% the sum of premiums
6. Maturity benefit
7. Loan can be availed up to 80%
Eligibility details
Premium payout option 5-10 years
Premium pay term – 5- 7 years
Payout term- 10 years
Minimum payment- 12000
ICICI savings sureksha plan
It is traditional and flexible plan offered by ICICI
1. Liquidity is used to control the excess cash flow. After the post payments term is completed your payments will commence
2. Your guaranteed cash benefit is equal to 1% during the period of 10 years and end time
3. You are provided with flexible payment period for 5 to 7 years
4. Death benefit= Sum+bonus+GMB
5. Minimum death benefit is 105% the sum of premiums
6. Maturity benefit
7. Loan can be availed up to 80%
Eligibility details
Premium payout option 5-10 years
Payout term- 10 years
Minimum payment- 12000
Premium pay term – 5- 7 years
ICICI assured saving plan
It is a traditional non linked plan. It has lump sum amount as benefit
- Your policy will be supplemented with 9% to 10% of total premiums
- You will receive lump sum amount as maturity benefit after the completion of your policy period
- Death benefit can be availed which is highest of the sum assured
- And its 10 times equal to the guaranteed addition and GMB
- After the completion period of your policy it will acquire a surrenrender value of three years of premium
Eligibility
Premium payout option 5-10 years
Payout term- 10 years
Minimum payment- 12000
Premium pay term – 5- 7 years
Death benefit
In case of any unfortunate death, the sum is paid 10 times higher. And 1.5 times higher than sum assured. This policy is flexible compared to any other policies. The nominee is also paid equal amount as rider. A grace period of 15 days is given after the maturity period is over. During this period your policy is considered to be force with risk. If your policy remains unpaid after the grace period there are lots of chances to get lapsed. And there is no further value, except non forfeiture provisions which is the first year of the policy which is not paid. The policy can be surrendered during any time of the policy
Maturity benefits
After the maturity period ends you will receive guaranteed sum assured plus additional bonus. Compound revisionary bonus will acquire from every 1st year of policy anniversary and will be declared annually by the branch office. It can be payable after death and ending of the maturity period
Guaranteed addition
Guaranteed addition will acquire during the first five years of your policy period. The acquired policy will be paid on your policy anniversary.
FAQ’S
How to buy ICICI prudential Life insurance?
You can purchase ICICI prudential life insurance through online and offline mode. Online mode can be completed with a short span of time and you will require less paperwork it is completely hassle process. This can be done in ICICI prudential life insurance website. By filling in all details of yourself, and the policy you require. You will receive an update within a couple of days from the branch manager about the policy details. In case you cannot process with the online mode you can visit the nearest branch and complete the form. But it is stressful process and requires a lot of paperwork compared to online mode. But in case you do not have internet facility you can prefer the offline mode but it is time consuming process we might not know whether it will be quicker and efficient compared to online mode of application
Why I choose ICICI prudential insurance?
The main problem during recent days is savings. We earn money but we do not know how to save the amount and make use of it. ICICI prudential life insurance has an excellent savings scheme which can be used to meet the future goals. It is also a wonderful plan to meet unfortunate circumstances. It also has death benefit of 10%. You can receive lump sum amount at the end of maturity benefit which is not found in any other policy. The plans offered by ICICI prudential life insurance is very comprehensive and has a wide range of coverage.
Why I need an Insurance policy?
Having such a complicated life we might not know what might happen the next minute. We might require financial resources during an emergency situation. It is very difficult to receive financial aid during emergence an insurance policy from ICICI will be of great help during emergency situations. Their policies are wonderfully structured which is of great use during emergency situations. Their plans are extremely flexible and they are not rigid compared to any other policies. They are issued within few weeks of application.
You can pay the premium only through online mode
- Credit card
- Debit card
- Neft
- RUPAY
- Bill collection
- MNC dropbox
- Infinity
- Bank website
Initially you need to enter your policy details and your personal information and you need to select your bank account. And authenticate your details
How to check status of policy?
You can check status of your policy through email or SMS. Click on the link and choose your policy. You will get into a new website click on the top right section and enter your login id and password to renew check status