ICICI Prudential Insurance plans

ICICI Prudential Life Future Perfect Insurance

ICICI Pru Future Perfect develops your abundance with the guarantee of ensuring your cash. This is done through two ensured highlights in the arrangement called Guaranteed Additions (GA) and Guaranteed Maturity Benefit (GMB). Toward the finish of the approach term, you get an entirety that incorporates Guaranteed Maturity Benefit (GMB), Guaranteed options (GA) and extra rewards proclaimed by the organization, assuming any. Ensured benefits are payable dependent upon all due charges being paid and the approach being in power on the date of development.

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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 Future Perfect Insurance Overview

  • Key features
  • Eligibility

Key features of ICICI Prudential Future Perfect Insurance

  • Savings with the comfort of guarantees
    At maturity of the policy, you receive: Guaranteed Maturity Benefit (GMB)
    Accrued Guaranteed Additions (GAs)
    Vested reversionary bonuses, if any
    Terminal bonus, if any
  • Flexibility - Choose premium payment term, premium payment frequency, Sum Assured on death and policy term as per your need
  • Protection - Get life cover for the entire policy term.
  • Tax benefits – Tax benefits apply to premiums paid and benefits received as per the prevailing tax laws.

Eligibility criteria of ICICI Prudential Future Perfect Insurance

Particulars
Policy Term 20 years
Entry Age 35 years
Premium paying term 10 years
Premium paying mode Yearly
Annual premium Rs.30,000
Sum Assured on Death Rs.3,00,000

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025