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ICICI Prudential Insurance plans

ICICI Prudential Cash Advantage Plan

ICICI Pru Cash Advantage Plan is a non-linked insurance plan. The plan offers guaranteed amount every month for 10 years, a guaranteed lump sum amount at maturity, along with bonuses
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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 Cash Advantage Plan Overview

  • Key features
  • Eligibility

Key Features of ICICI Prudential Cash Advantage Plan

  • Liquidity – through immediate pay out
  • Guaranteed Maturity Benefit (GMB) – lump sum pay out
  • Guaranteed Cash Benefit (GCB) – 1% of GMB, every month, for 10 years
  • Limited Premium Paying Term – 5,7, or 10 years

Eligibility criteria of ICICI Prudential Cash Advantage Plan

Particulars
Premium Payment Options and Term (in years) 95 7 10
Pay out Term (in years) 10
Policy term (PPT + Pay out term) (in years) 15 17 20
Minimum Annual Premium (in Rs.) 30,000 18,000 12,000
GMB* for: minimum entry age,annual premium, term, annual premium, payment mode 74,451 65,364 63,881
Entry Age (in years) Minimum-0,1,3 Maximum-60
Maturity Age (in years) Minimum-18 Maximum-80
Maximum Annual Premium Unlimited
Premium Payment Modes Annual / Half-yearly / Monthly
Cash Benefit Mode Annual / Monthly

Brochure

Review ICICI Prudential Prudential Cash Advantage Plan Insurance brochure to understand coverage details.

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Policy wordings

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

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