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ICICI PRUDENTIAL LIFE INSURANCE

ICICI Life Insurance is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. ICICI Life Insurance started in the year 2001. ICICI Life Insurance has a variety of life insurance products to meet the different insurance requirements of the customers.

ICICI Pru Life is the first company listed on NSE and BSE in India. Moreover, it is the first private life insurance company to cross INR 2 Trillion markets for assets under management (AUM).

ICICI Life Insurance has won many awards and achievements in recent years. In the below section, we have mentioned some of the awards and achievements received by ICICI Prudential Life Insurance.

  • The Corporate Communication Team of ICICI Life Insurance was featured in the "30 Top Corporate Communication Teams – 2022" instituted by Reputation Today.
  • ICICI Pru Life Insurance wins Gold in the "BFSI category" in ET BrandEquity Kaleido Awards 2022 for the "Protect & Save" campaign.
  • ICICI Life Insurance was awarded the winner in the category "Best Contact Centre" at The Customer Fest Leadership Awards 2022.
  • ICICI Pru Life Insurance becomes the only Indian insurance company ranks 86th position in the list of top 100 companies in BW Businessworld
  • ICICI Prudental Life Insurance wins Jury Award for Best Innovation and Diversification at the 3rd Emerging Asia Awards 2021 by the Indian Chamber of Commerce (ICC)

Read below to know more about ICICI Prudential Life Insurance in detail.

ICICI Prudential Life Insurance Company Specification

Below mentioned are the key specifications of ICICI Life insurance company.

Particular Specifications
Claim Paid Percentage (2020-21) 97.93%
Branches in India 514
Solvency Ratio (2020-21) 2,13
Market Share (2020-21) 35,732.82 Crore

*Data has been sourced from the annual report of IRDAI 2020-21

Key Features of ICICI Prudential Life Insurance Company

ICICI Pru Life Insurance has various life insurance plans for its customers. These plans are designed to meet each and every life insurance requirement of every individual. Below we have listed some of the key features of ICICI Life Insurance:

01

ICICI Life Insurance Market Share

The market share shows us the business growth of a life insurance provider in terms of its annual premium. According to the annual report of IRDAI (2020-21), the market share of ICICI Pru Life is INR 35,732.82 crore.

02

ICICI Pru Life Insurance Claim Settlement Ratio

The claim settlement ratio shows us the percentage of the number of claims settled out of the number of claims made by a life insurance provider in a year. ICICI Prudential Insurance has a claim settlement ratio of 97.93% in the financial year 2020-21, as per the annual report of IRDAI (2020-21).

03

ICICI Prudential Life Insurance Solvency Ratio

The solvency ratio shows us the ability of the company to meet its short-term and long-term financial obligations. And as per the IRDAI Annual Report (2020-21), ICICI Prudential Life Insurance Company Limited has a solvency ratio of 2.13 in the financial year 2020-21. Further, every life insurance provider must maintain a minimum solvency ratio of 1.5.

Life Insurance Offered By ICICI Prudential Life Insurance

ICICI Pru Life Insurance offers more than 30 life insurance plans in different life insurance categories such as ICICI Term Insurance, ICICI Ulip Insurance, ICICI Saving Insurance Plans, ICICI Health Insurance Plans, ICICI Retirement Insurance Plans, etc. In the table below, we have divided all the life plans of ICICI Life Insurance into different categories:

ICICI Term Insurance

ICICI Life Insurance Saving Plans

ICICI Pru Health Plan

ICICI Pru Life ULIP Plans

ICICI Life Child Plan

ICICI Pru Retirement Plans

ICICI Pru Rural Plans

ICICI Pru Life Insurance Buying Process

ICICI Prudential Life Insurance offers a simple, easy, and hassle-free buying process. You can buy ICICI Life Insurance plans in two ways, i.e. from the official website of ICICI Life Insurance and RenewBuy.com. Given below are the steps to buy the ICICI Life Insurance plans in both ways:

Through ICICI Life Insurance Official Website

  • Visit the official "ICICI Prudential Life Insurance" website.
  • Select the desired type of life insurance from the "Popular Category" tab.
  • Fill in the required information in the calculator section and click on the "calculate" button.
  • Choose the desired plan.
  • Check the premium amount and click on the "Pay Now" button.
  • Review the details and pay the premium amount online.
  • HDFC Life Insurance will share the policy document at your registered email address.

Through RenewBuy.com

  • Visit the official site of "RenewBuy."
  • Select the "Life Insurance Plan" tab.
  • Select the "Best Life insurance companies in India" tab.
  • The next tab will show you all the life insurance companies.
  • Click on the "ICICI Prudential Life Insurance" tab.
  • Select the desired ICICI Life Insurance Plan.
  • Fill in all the required information.
  • Click on "Buy Now".
  • Proceed with the payment.

ICICI Prudential Life Insurance Claim Process

ICICI Pru Life Life Insurance offers a simple and hassle-free claim process. The assured can file a claim for his ICICI Pru Life Insurance plans by following the steps given below. Below- mentioned are the steps to file a claim for ICICI life insurance plans:

  • Visit the official ICICI Prudential Life Insurance website and click on the "Claims" tab.
  • Then, click on the "Search Policy & Intimate Claim" tab.
  • Enter the required information and click on the "Submit" button.
  • Submit the required documents.
  • ICICI life insurance will verify the documents and the claim.
  • Once the verification is done, ICICI Pru life insurance will settle the claim within 12 working days.

Moreover, you can also raise your claim by visiting the nearest branch of ICICI Life Insurance.

Required Documents For ICICI Prudential Life Insurance Claim Process

The claimant needs to submit the below-mentioned documents for a smooth and efficient claim process:

  • Claimant Statement
  • Duly filled claim intimation form
  • Original death certificate
  • Identity proof
  • Address proof
  • Cancelled cheque
  • Photocopy of passbook

ICICI Prudential Life Insurance Contact Details

You can contact ICICI Prudential Life Insurance by using the below-mentioned contact details.

Registered Office Address : ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025

Customer Helpline Number : 1860-266-7766