Life Insurance is a contract between the
insured and the insurer (insurance company), wherein the insured pays a
certain amount as premium to the insurer at regular intervals, and in
return, the insurer promises to pay a specified sum upon the occurence of
insured's death.
You may click on any of the policies listed below that meet your requirements. Below mentioned is a list of life insurance plans from ICICI Prudential that you may opt for depending upon your needs:
Education Insurance Plans
Parents want that their child gets the best possible education so that the
he/she can make a name for himself/herself. However, with the risk of
mishappening (death) being a part of life and with the cost of quality
education getting higher and higher, it does not get any easier for the
parents to fulfill this responsibility towards their child. Education
insurance plans, therefore, provides peace of mind to you and a secured
future to your child in an event of happening of uncertainity. You may
choose to buy any of the following education insurance plans:
| Plans |
Particulars |
Entry Age |
Max. Maturity Age |
Sum Assured |
Term |
Mimimum Premium (p.a.) |
Death Benefit |
Maturity Benefit |
| SmartKid
Plan |
| New Unit-linked Regular
Premium |
Parent |
20-60 yrs |
75 yrs |
Term *
Annual Premium/2, (minimum Rs 1 Lac) |
10-25 yrs |
Rs.
10,000 |
Sum insured + future premiums
contributed by ICICI |
Fund value at the time of maturity |
| Child |
0-15 yrs |
18-25 yrs |
| New Unit-linked Single
Premium |
Parent |
20-60 yrs |
75 yrs |
5 times the
Single Premium |
10-25 yrs |
Rs.
25,000 |
Payment of sum insured and policy
continues |
Fund value at the time of maturity |
| Child |
0-15 yrs |
18-25 yrs |
| Regular Premium |
Parent |
20-60 yrs |
NA* |
Min - Rs 1
Lac
Max - Rs 30 Lac |
Maturity
age- Entry age of Child |
Rs. 8400 |
Sum insured + future premiums
contributed by ICICI |
Option 1 Payment at critical
educational milestones
Option 2 Payment in last 5 years of the policy |
| Child |
0-12 yrs |
Variable |
Wealth Creation Plans
| Plans |
Entry Age |
Max. Maturity Age |
Sum Assured |
Term |
Mimimum Premium (p.a.) |
Death Benefit |
Maturity Benefit |
| LifeLink Super
Plan |
| Single Premium |
0 to 65 years |
70 yrs |
Option 1:
125% of Single Premium
Option 2: 500% of Single Premium |
Min: 5 yrs
Max: Difference between 70 years and entry age |
Rs 25,000
upto 44 yrs of age,
minimum of Rs 50,000 above 44 yrs |
Higher of the fund value or sum assured
adjusted for partial withdrawals |
Fund value |
| PremierLife Gold
Plan (Regular Premium) |
| 3 yr premium payment term |
0-69 yrs |
75 yrs |
Higher of
5*annual premium and policy term/2*annual premium |
6-30 yrs |
Rs.100,000 |
Higher of the fund value or sum assured
adjusted for partial withdrawals |
Fund value |
| 5 yr premium payment term |
0-65 yrs |
75 yrs |
Higher of
5*annual premium and policy term/2*annual premium |
10-30 yrs |
Rs.
60,000 |
Higher of the fund value or sum assured
adjusted for partial withdrawals |
Fund value |
| LifeTime Plus Plan |
| LifeTime Plus |
0-65 yrs |
75 yrs |
Annual premium* term/2
|
10 - 30 yrs |
Rs. 20,000 |
Sum assured + fund value |
Fund value |
| LifeStage Plan |
| LifeStage |
0-65 yrs |
75 yrs |
Term / 2 * Annual
Premium |
10 - 75 yrs |
Rs. 15,000 |
Sum assured + fund value |
Fund value |
Premium Guarantee Plans
| Plans |
Entry Age |
Max. Maturity Age |
Sum Assured |
Term |
Mimimum Premium (p.a.) |
Death Benefit |
Maturity Benefit |
| InvestShield Plan |
| Life New |
0-65 yrs |
75 yrs |
Annual
premium* term/2 |
10 - 30 yrs |
Rs. 8,000 |
Sum assured + Fund value or Guaranteed
value whichever is higher |
Fund value or Guaranteed value whichever
is higher |
| InvestShield Plan |
| CashBak (allows partial withdrawal) |
0-65 yrs |
75 yrs |
Annual premium* term/2
|
10 - 30 yrs |
Rs. 8,000 |
Sum assured + Fund value or Guaranteed value
whichever is higher |
Fund value or Guaranteed value whichever is higher |
| Top |
**Guarnateed Value = Sum of all the premiums paid
till date (subject to due premiums being paid as on date)
*NA: Not Applicable |
Protection Plans
As the name suggests, protection plans are aimed towards providing security
to the insured and his family from a situation of financial crisis arising
out of unforeseen circumstances. ICICI prudential offers following types of
protections plans:
| Plans |
Entry Age |
Max. Maturity Age |
Min. Sum Assured (SA) |
Term |
Mimimum Premium (p.a.) |
Death Benefit |
Maturity Benefit |
| LifeGuard
Plan |
| Regular Premium - Without
return of premium (WROP) |
18-55 yrs |
65 yrs |
Rs 3 Lac
|
5-30 yrs |
Rs. 2500 |
Sum assured + SA under riders |
Nil |
| Single Premium (WROP) |
18-55 yrs |
65 yrs |
Rs 2.5 Lac
|
3-15 yrs |
NA* |
Sum assured + SA under riders |
Nil |
| Regular Premium - Return
of Premium (ROP) |
18-55 yrs |
65 yrs |
Rs 5 Lac |
10-30 yrs |
Rs. 2500 |
Sum assured + SA under riders |
All paid premiums shall be returned
|
| Save'n'Protect
Plan |
| Save'n'Protect |
0-60yrs |
70 yrs |
Rs 50,000 |
10-30 yrs |
Rs 6000 |
Basic premiums (w/o interest) returned if assured
dies before 7 yrs of age. Sum assured + guaranteed additions @ 3.5 %
compounded annually for first 4 yrs and vested bonus thereafter if he
dies after 7 yrs |
Guaranteed and vested bonus + sum assured |
| Home Assure Plan |
| Home Assure |
18 - 60 years |
70 yrs |
Rs.25,000 |
2-22 yrs |
NA |
Outstanding loan amount shall be paid by ICICI |
Nil |
| CashBak Plan |
| 15 Yr Plan |
16-55 yrs |
70 yrs |
Rs. 75,000 |
15 yrs |
NA |
Cash back as a percentage of SA at regular intervals
+ maturity benefit** |
Guaranteed and vested bonus + sum assured |
| 20 Yr Plan |
16-55 yrs |
75 yrs |
Rs. 75,000 |
20 yrs |
NA |
Cash back as a percentage of SA at regular intervals
+ maturity benefit** |
Guaranteed and vested bonus + sum assured |
| Top |
**Maturity Benefit is 50% of sum insured + guaranteed
and vested bonus
*NA: Not Applicable |
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