ICICI Prudential Life Insurance Company Limited is a joint venture between two reputed companies – ICICI Bank Limited and Prudential Corporation Holdings Limited. While ICICI Bank is a leading Indian private bank, Prudential is a leading financial services company. ICICI Prudential Life started its operations in the year 2001 and has been one of the most reputed life insurance companies in India. As on the financial year ending 31st March 2019, the company’s Assets Under Management (AUM) stood at INR 1604.10 billion. The company also has a lot of awards in its kitty with the latest being the Gold Award for Life Insurance Provider of the Year presented by Outlook Money Awards 2018.

Advantages of ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company offers its customers distinct advantages which are as follows:

  • The company offers a wide range of products to suit every financial need
  • The company has a high claim settlement ratio which increases the probability of customers’ claims being settled
  • The company is backed by reputed promoters, both national and international
  • The company has more than INR 1 trillion worth of assets under management 

List of Plans

ICICI Prudential Life offers a range of life insurance solutions to meet the different needs of individuals. With the range of plans offered by the company, an individual can fulfil his insurance needs from one platform itself. Here is a list of insurance plans offered by ICICI Prudential Life – 

  • Term Insurance Plans offered by ICICI Prudential Life Insurance:

    Term insurance plans are pure protection plans which promise a death benefit in case of death of the life insured. These plans have very low premiums which allow individuals to opt for higher coverage levels. A high coverage level allows individuals to create financial security for their families in their absence. ICICI Prudential Life offers the following types of term insurance plans –

    • ICICI Pru iProtect Smart Plan
    • ICICI Pru iCare II Plan
    • ICICI Pru Life Raksha Plan

Features of term insurance plans of ICICI Prudential Life Insurance:

Plan Name

ICICI Pru iProtect Smart Plan

Sum Assured

Minimum sum assured would depend on the minimum premium. 

There is no limit on the maximum sum assured.

Policy Tenure

5 years to (99-entry age)

Entry Age

18-65 years

Premium

Single, limited or regular premiums. 

Minimum premium is INR 2400 per annum

Salient Features

  • There are four coverage options under the plan. Each option has inbuilt rider benefits
  • Coverage can be taken for up to 99 years of age
  • Four pay-out options for payment of death benefit
  • Choice of increasing the coverage level on marriage or childbirth

Plan Name

ICICI Pru iCare II Plan

Sum Assured

Minimum – INR 85,875

Maximum – no limit

Policy Tenure

5-67 years

Entry Age

18-65 years

Premium

Single or regular premiums. Minimum premium is INR 2400 per annum

Salient Features

  • Two coverage options to choose from
  • Inbuilt accidental benefit rider in coverage option II

Plan Name

ICICI Pru Life Raksha Plan

Sum Assured

Minimum – INR 50,000

Maximum – INR 5 lakhs

Policy Tenure

5 years

Entry Age

18-60 years

Premium

Regular premium. Premium depends on the sum assured chosen

Salient Features

  • Affordable term insurance plan
  • Assured death benefit
  • Unit Linked Insurance Plans (ULIPs) offered by ICICI Prudential Life Insurance:

    ULIPs are market-linked, savings oriented life insurance plans which provide a combination of market-linked returns and insurance coverage. The premiums paid are invested in the market in a fund chosen by the policyholder. The plan also allows various flexible benefits like switching, partial withdrawals, top-ups, etc. Policyholders can, therefore, invest in market-linked investments for attractive returns and also enjoy insurance coverage through ULIPs.

    The ULIPs offered by ICICI Prudential Life include the following –

    • ICICI Pru Signature Plan
    • ICICI Pru 1 Wealth Plan
    • ICICI Pru Lifetime Classic Plan
    • ICICI Pru Elite Super Life Plan
    • ICICI Pru Elite Super Wealth Plan
    • ICICI Pru Guaranteed Wealth Protector Plan
    • ICICI Pru Smart Life Plan
    • ICICI Pru Smart Kid Plan 
    • ICICI Pru Smart Couple Plan 

Features of unit-linked plans of ICICI Prudential Life Insurance:

Plan Name

ICICI Pru Signature Plan

Sum Assured

1.25 times to 10 times the annual premium paid

Policy Tenure

10-30 years. Coverage can be extended to whole life

Entry Age

0-70 years

Premium

Single, limited or regular premiums. Minimum premium is INR 2 lakhs per annum. No limit on maximum premium.

Salient Features

  • Coverage can be availed till 99 years of age
  • Three plan options to choose from
  • Premium allocation charges are refunded back after 10 policy years and every 5 years thereafter
  • Guaranteed additions as a percentage of the annual premium
  • Wealth boosters enhance the fund value
  • Four readymade investment strategies to choose from

Plan Name

ICICI Pru 1 Wealth Plan

Sum Assured

1.10 to 10 times the single premium paid

Policy Tenure

5 years and 10 years

Entry Age

8-60 years

Premium

Single premium. Minimum premium is INR 50,000 and there is no limit on maximum premium.

Salient Features

  • Single premium unit linked plan
  • 7 investment funds to choose from
  • Wealth boosters help in increasing the fund value

Plan Name

ICICI Pru Lifetime Classic Plan

Sum Assured

1.25 times to 30 times the annual premium

Policy Tenure

For limited and regular premium payment – 10,15,20,25 years

For single premium – 5-30 years

Entry Age

0-75 years

Premium

Single, limited or regular premium.

Minimum premium is INR 50,000 for single pay and INR 30,000 for regular pay.

Salient Features

  • 4 portfolio strategies to choose from
  • Loyalty additions are added to the fund value from the 6th policy year
  • Wealth boosters are added every five years starting from the 10th policy year

Plan Name

ICICI Pru Elite Life Super Plan

Sum Assured

1.25 times to 40 times the annual premium

Policy Tenure

For limited and regular premium payment – 10 years or 15-30 years

For single premium – 5-30 years.

Entry Age

0-75 years

Premium

Single, limited or regular premium.

Minimum premium is INR 2 lakhs.

Salient Features

  • Loyalty additions and wealth boosters increase the fund value
  • Unlimited free switching between funds
  • Readymade investment portfolio strategies
  • Optional accidental benefit rider

Plan Name

ICICI Pru Elite Wealth Super Plan

Sum Assured

1.25 times to 40 times the annual premium

Policy Tenure

For limited and regular premium payment – 10 -30 years

For single premium – 5-30 years.

Entry Age

0-75 years

Premium

Single, limited or regular premium.

Minimum premium is INR 6 lakhs.

Salient Features

  • Three investment strategies for investing premiums
  • Loyalty additions from the 6th policy year
  • Wealth boosters from the 10th policy year and every 5 year thereafter

Plan Name

ICICI Pru Guaranteed Wealth Protector Plan

Sum Assured

1.25 times to 10 times the annual premium

Policy Tenure

10 years

Entry Age

8-70 years

Premium

Single or regular premium. 

Salient Features

  • Guaranteed loyalty additions and wealth boosters add to the fund value
  • Investment is done in four funds in a fixed percentage. As maturity approaches, equity exposure is reduced to protect returns generated

Plan Name

ICICI Pru Smart Life Plan

Sum Assured

1.25 times to 30 times the annual premium paid

Policy Tenure

10-25 years

Entry Age

20-54 years

Premium

Single, limited or regular premiums.

Minimum premium:

  • Single pay – INR 48,000
  • Limited pay – INR 45,000
  • Regular pay – INR 45,000

Salient Features

  • Two investment strategies to suit every investor
  • Lump sum benefit is paid on death. Future premiums are waived off and the plan continues. On maturity, the fund value is paid
  • Additional returns through loyalty additions and wealth boosters

Plan Name

ICICI Pru Smart Kid Plan 

Sum Assured

1.25 times to 10 times the annual premium paid

Policy Tenure

10-25 years

Entry Age

20-54 years

Premium

Single, limited or regular premiums.

Minimum premium:

  • Single pay – INR 48,000
  • Limited pay – INR 45,000
  • Regular pay – INR 45,000

Salient Features

  • A child oriented unit linked plan
  • Inbuilt Smart Benefit which waives the premiums on death of the insured. The premiums are paid by the company and the plan continues till maturity
  • Immediate payment of death benefit to meet the family’s financial requirements
  • 11 investment funds to choose from

Plan Name

ICICI Pru Smart Couple Plan 

Sum Assured

1.25 times to 30 times the annual premium paid

Policy Tenure

10-25 years

Entry Age

20-54 years

Premium

Single, limited or regular premiums.

Minimum premium:

  • Single pay – INR 48,000
  • Limited pay – INR 45,000
  • Regular pay – INR 45,000

Salient Features

  • A choice of 11 investment funds
  • Immediate payment of death benefit on the death of the insured
  • Inbuilt Smart Benefit waives the premiums but the plan continues
  • Health insurance offered by ICICI Prudential Life Insurance:

    Health insurance plans are those which take cover critical illnesses or diseases and give the insured financial assistance in case of a medical contingency. These plans, therefore, allow individuals to meet the rising cost of medicine and avail the best treatments for their illnesses. ICICI Prudential Life offers the following two types of health insurance plans –

    • ICICI Pru Heart/Cancer Protect 
    • ICICI Prudential Smart Health 

Features of Health Insurance Plans of ICICI Prudential Life Insurance:

Plan Name

ICICI Pru Heart/Cancer Protect Plan

Sum Assured

Minimum – INR 2 lakhs

Maximum:

  • Cancer cover – INR 50 lakhs
  • Heart cover – INR 25 lakhs

Policy Tenure

5 -40 years

Entry Age

18-65 years

Premium

Single or regular premiums. 

Premium would depend on the sum insured selected

Salient Features

  • A single plan which can be taken to cover against heart related illnesses, cancer or both
  • Lump sum claim payment depending on severity of the illness irrespective of actual medical costs
  • The sum insured can be increased every year by choosing the Increasing Cover Benefit
  • Daily hospital cash allowance of INR 5000 per day of hospitalisation
  • 1% of the sum insured would be paid monthly for 5 years in case of major illnesses

Plan Name

ICICI Pru Smart Health Cover Plan

Sum Assured

Up to INR 25 lakhs

Policy Tenure

10-30 years

Entry Age

18-50 years

Premium

Regular premiums. The amount depends on the sum insured selected.

Salient Features

  • A critical illness plan covering 34 major illnesses and treatments
  • Lower premium rates for women
  • Sum insured paid in case of diagnosis of a covered illness or on death of the insured
  • Premium is waived off if the insured is disabled 
  • Traditional savings /money back plans offered by ICICI Prudential Life Insurance:

    Traditional life insurance plans are those which allow you to create guaranteed savings along with life insurance coverage. There are endowment plans and money back plans under traditional saving plans. Both these plans cover premature death and a benefit is also paid if the insured survives till maturity. In case of money back plans, however, the sum assured is paid in instalments during the policy tenure providing liquidity to the policyholder.

    The types of savings/money-back plans offered by ICICI Prudential Life include the following –

    • ICICI Pru Cash Advantage Plan
    • ICICI Pru Savings Suraksha Plan
    • ICICI Pru Assured Savings Insurance Plan 
    • ICICI Pru Future Perfect Plan

Traditional savings or money back plans of ICICI Prudential Life Insurance:

Plan Name

ICICI Pru Cash Advantage Plan

Sum Assured

7 or 10 times the annual premium

Policy Tenure

15,17,20 years

Entry Age

0-60 years

Premium

Limited premium. Minimum premium – INR 12,000

Salient Features

  • A limited premium plan wherein regular pay-outs are promised after the premium payment term
  • Guaranteed cash benefit is also paid during the pay-out term
  • A guaranteed maturity benefit payable on maturity

Plan Name

ICICI Pru Savings Suraksha Plan

Sum Assured

7 or 10 times the annual premium

Policy Tenure

10-30 years

Entry Age

0-60 years

Premium

Limited or regular premiums. 

Minimum premium – INR 12,000

Salient Features

  • The plan pays bonuses during the term
  • Guaranteed Additions are added in the first five years
  • Maturity benefit is promised 

Plan Name

ICICI Pru Assured Savings Insurance Plan 

Sum Assured

Depends on premium, age and term

Policy Tenure

10 or 15 years

Entry Age

3-60 years

Premium

Limited premiums. 

Minimum premium – INR 30,000

Salient Features

  • Guaranteed additions are added every year
  • The maturity benefit is guaranteed 

Plan Name

ICICI Pru Future Perfect Plan

Sum Assured

Minimum – INR 84,000

Maximum – no limit

Policy Tenure

10-30 years

Entry Age

91 days – 58 years

Premium

Limited premiums.
Minimum premium – INR 8400

Salient Features

  • The plan earns bonuses as well as guaranteed additions
  • Maturity benefit is guaranteed
  • Retirement plans offered by ICICI Prudential Life Insurance:

    Retirement plans are called pension plans. These plans help in creating a retirement corpus to fund the post-retirement life of the policyholder. Pension plans can be offered as deferred annuity plans wherein the policyholder can pay premiums and build up a retirement corpus. Thereafter, annuity payments can be availed from the corpus thus built. Another option is the immediate annuity plan wherein by paying a lump sum premium, the policyholder can avail annuities for life. Pension plans always pay annuities which create a source of regular income.

    Retirement plans offered by ICICI Prudential Life include the following –

    • ICICI Pru Easy Retirement
    • ICICI Pru Immediate Annuity

Features and Benefits of Retirement plans of ICICI Prudential Life Insurance

Plan Name

ICICI Pru Easy Retirement Plan

Sum Assured

Depends on the premium paid

Policy Tenure

10-30 years

Entry Age

35-70 years

Premium

Limited or regular premium.
Minimum premium – INR 48,000

Salient Features

  • A unit linked deferred annuity plan
  • 5% of the fund value is added as pension boosters every 5 years from the 10th policy year
  • The maturity and death benefits are assured

Plan Name

ICICI Pru Immediate Annuity Plan

Sum Assured

NA

Policy Tenure

NA

Entry Age

30 years onwards

Premium

Single premium

Salient Features

  • An immediate annuity plan which pays lifelong income
  • A variety of annuity options to choose from
  • Joint life annuities can also be availed 
  • Group insurance offered by ICICI Prudential Life Insurance:

    Group insurance plans are those which are offered for a group of individuals who belong to a particular group. The following group insurance plans are offered by ICICI Prudential Life – 

    • ICICI Pru Loan Protect Plan
    • ICICI pru Loan Protect Plus Plan 
    • ICICI Pru Group Term Plus Plan
    • Group Gratuity Plan 
    • Group Superannuation Plan 
    • Group Leave Encashment Plan
    • Group Immediate Annuity Plan 
    • ICICI Pru Group Loan Secure Plan
    • ICICI Pru Group Insurance Scheme for Pradhan Mantri Jeevan Jyoti Bima Yojana
    • ICICI Pru Shubh Raksha Credit Plan
    • ICICI Pru Shubh Raksha One Plan
    • ICICI Pru Shubh Raksha Life Plan
    • ICICI Pru Super Protect Credit Plan
  • Rural insurance offered by ICICI Prudential Life Insurance:

    Rural life insurance plans are also called micro insurance plans. These plans cover individuals living in the rural areas of India. The premiums are very low and affordable and the coverage limit is limited since rural individuals cannot afford high coverage levels. The available rural insurance plans include the following –

    • ICICI Pru Sarv Jana Suraksha Plan
    • ICICI Pru Anmol Bachat Plan

Claim Settlement Ratio of ICICI Prudential Life Insurance Company

Claim Settlement Ratio (CSR) of a life insurance company is calculated as the ratio of claims settled by the company against the total claims made on it in a financial year. The formula is as follows –

CSR = (Number of claims settled / Total number of claims made) * 100

The ratio is represented as a percentage and the higher the percentage, the better it is for policyholders. A high CSR shows that the company settles most of the claims that are presented on it. Since maximum claims are settled by the company, the company can be trusted. 

ICICI Prudential Life’s Claim Settlement Ratio for the financial year 2018-19 stood at 98.6% which is quite high. In the financial year 2017-18, the company’s CSR was 97.88% which shows consistency in settling claims. Moreover, the company’s ratio was also good compared to the ratio recorded by other life insurance companies. Here’s a look into the CSR of other life insurance companies for the financial year 2017-18 – 

Name of the insurance company

Claim Settlement Ratio

Aditya Birla Sun Life Insurance Company

96.38%

Aviva Life Insurance Company

94.45%

AEGON Life Insurance Company

95.67%

Bajaj Allianz Life Insurance Company

92.04%

Bharti AXA Life Insurance Company

96.85%

Canara HSBC OBC Life Insurance Company

95.22%

DHFL Pramerica Life Insurance Company

96.62%

Edelweiss Tokio Life Insurance Company

95.25%

Exide Life Insurance Company

96.81%

Future Generali Life Insurance Company

93.11%

HDFC Standard Life Insurance Company

97.80%

IDBI Federal Life Insurance Company

91.99%

IndiaFirst Life Insurance Company

89.83%

Kotak Mahindra Life Insurance Company

93.72%

LIC of India

98.04%

Max Life Insurance Company

98.26%

PNB MetLife Life Insurance Company

91.12%

Reliance Nippon Life Insurance Company

95.17%

Sahara Life Insurance Company

82.74%

Shriram Life Insurance Company

80.23%

SBI Life Insurance Company

96.76%

Star Union Dai-ichi Life Insurance Company

92.26%

TATA AIA Life Insurance Company

98%

S_ICICI Prudential Life Insurance

How to make a claim for ICICI Prudential Life Insurance Plans?

Life insurance claims can be of the following types –

  • Maturity claim – this claim occurs when the selected term of the plan comes to an end. On maturity of the plan, the promised maturity benefit is paid.
  • Death claim – if the insured dies during the term of the policy, a death claim occurs. In case of a death claim, the death benefit is paid.
  • Health claims – these claims occur in health insurance plans. If the medical contingencies covered by the plan occur during the selected policy term, there would be a health claim.

Claim process:

Here are the different types of claim processes for getting the claim settled –

  • Maturity claim

Maturity claims are handled by the insurance company itself. The company usually knows when the plan is maturing and starts the claim process in advance. When the plan matures, the policyholder would have to submit the relevant documents and the claim would be settled.

  • Death claim

In case of death of the insured, the insurance company would have to be notified of the death. The nominee should then fill up a claim form and submit other relevant documents to the insurance company. The company would then process the documents submitted and pay the nominee the death benefit. 

  • Health claims

In case of health insurance claims, the insurance company should be notified by the policyholder. A claim form would have to be filled and all the relevant medical documents would have to be submitted to get settlement of a health claim.

Documents required:

Here is a list of documents required for each type of claim – 

Documents needed to process a Maturity Insurance Claim for ICICI Prudential Life Insurance Policy

  • Claim Discharge Form
  • Identity proof of the policyholder

Documents needed to process a Death Insurance Claim for ICICI Prudential Life Insurance Policy

  • Claim intimation form
  • Copy of the death certificate issued by the municipality
  • Identity and address proof of the person making a death claim
  • Cancelled cheque of the claimant
  • Copy of medical records (If any)
  • Copy of the medico legal cause of death certificate
  • Medical attendant’s report or hospital certificate filled by the treating doctor
  • Employer’s certificate for salaried individuals
  • FIR/Inquest report/panchnama in case of accidental death
  • Copy of driving license if insured was driving and died in an accident

Documents needed to process a Health Insurance Claim for ICICI Prudential Life Insurance Policy

  • For critical illness plan and heart/cancer care plan
  • Claim intimation form
  • Certificate of the attending doctor
  • Copies of all medical records and reports
  • Original policy document
  • Cancelled cheque
  • For Hospital care plan
  • Claim intimation form
  • Certificate of the attending doctor
  • Copies of all medical records and reports
  • Pre-authorisation form
  • Health check-up form
  • Cancelled cheque
  • For indemnity claims- Reimbursement
  • Claim intimation form
  • Original discharge summary provided by the hospital
  • Doctor’s advice for hospitalization
  • Original bills of medicine and the hospital
  • Original investigative reports
  • Health saving benefit form
  • Pre-authorisation form
  • Health check-up form
  • Cancelled cheque

ICICI Prudential’s turn-around time to settle an insurance claim

Turn-around-time (TAT) is the time taken by the insurance company to settle its claims. ICICI Prudential Life tries to settle its claims within the shortest possible time. The claim is paid through electronic modes so that the settlement process is sped up. The TAT for claim settlements followed by ICICI Prudential adheres to the time specified by the IRDAI (Insurance Regulatory and Development Authority of India). It is as follows –

For raising claim related requirements

Within 15 days of receiving the claim intimation 

Claim settlement/claim rejection/claim repudiation if investigation is not required

Within 15 days of receiving the last document needed for claim processing.

Claim settlement/claim rejection/claim repudiation if investigation is required

In case of death claims: the investigation should be completed within 90 days of receiving the claim intimation. The claim should, thereafter, be settled within 30 days of completing the investigation

In case of health claims: the investigation should be completed within 30 days of receiving the last required document. The claim should, thereafter, be paid within 45 days of receiving the last required document.

Making claims through Turtlemint

An alternative way to make your life insurance claim is through Turtlemint. Turtlemint is an online platform which allows you to compare and buy the best life insurance policies. Moreover, in case of a claim, the company’s dedicated claim settlement department helps you to get your claims settled quickly. To get your claims settled through Turtlemint you just have to call the claim helpline number of the company which is 1800 266 0101. Alternatively, you can also intimate your claim through mail at claims@turtlemint.com. As soon as the claim is intimated, the company’s claim department would contact you and help you get the settlement of your claim. Moreover, for any queries or complaints regarding claim settlement you can call up the above-mentioned number or even chat with the executive of Turtlemint online.

Reviews by customers

  • ICICI Prudential’s iProtect Smart is one of the best term insurance plans that I could find. The plan has a comprehensive coverage and the premiums are quite affordable. – Mina Kapoor
  • I am a proud customer of ICICI Prudential’s life insurance plans. The company caters to all my insurance needs and offers some of the best products in the market. – Nirav Gupta
  • I never knew claim settlement could be so easy. The company’s health insurance plan gave me a lump sum payment when I fell sick. It helped me avail the best treatment without worrying about money. – Nishit Raheja
  • The company offers personalised solutions for my needs. When I needed to buy insurance the company’s executive explained the product quite simply and patiently and helped me find the most suitable plan. – Rajiv G
  • ICICI Prudential is truly the best insurer in the market. It helped me find the best insurance plan for my needs and the premiums were affordable too. – Mihir M

FAQ’s

ICICI Pru Life Insurance settles claims through electronic modes. The claim amount is directly credited to the bank account of the policyholder (in case of maturity or health claims) or the nominee (in case of death claims).


To report a claim, there are various options to choose from. These include the following –

  • Online – the individual can visit ICICI Prudential’s website and intimate the claim online
  • Over the phone – the individual can contact the company’s 24*7 claim helpline number at 1860 266 7766 and intimate the claim
  • Physically – the claim can be intimated by visiting the nearest branch of ICICI Prudential Life Insurance 
  • Through email – intimation of the claim can also be sent over an email to the company at lifeline@iciciprulife.com
  • Through SMS – individuals can send an SMS writing ‘ICLAIM<space>Policy number’ and send the text to the company’s registered number which is 56767.

Alternatively, you can also report your claim to Turtlemint on its helpline number 1800 266 0101 or on its email id – claims@turtlemint.com and Turtlemint’s team would help you with claim settlement.


Premiums for ICICI Life Insurance policies can be paid online, through cash (up to INR 50,000), through cheque, through demand drafts, through mobile wallets or using any other digital payment platform. You can also choose to buy ICICI Prudential’s life insurance policy online through Turtlemint’s platform. Turtlemint is an online platform which allows you to fulfil your insurance requirements with some of the best policies. When you buy online, you can pay the premium also online through Turtlemint’s website.


Yes, once bought, life insurance plans can also be cancelled. ICICI Prudential Life Insurance allows a free-look period to policyholders for cancelling the policy. This period is for 15 days after the policy is issued. The policyholder can cancel the policy during this free-look period. Once cancelled, the premium paid is refunded back after deducting the applicable charges incurred in issuing the policy and the premium for the period for which the policy was in force.


The status of a policy can be checked online. For doing so you should visit the company’s official website which is www.iciciprulife.com. On the website, on the right hand side corner, there is a ‘Track Application’ tab. Click on the tab and you would be directed to a new page. There, you can track the status of your application by providing any of the following details –

  • Mobile number and date of birth (DD/MM/YYYY)
  • Application number
  • Policy number
  • Mobile number, transaction ID and date of birth (DD/MM/YYYY).

If you miss the premium payment within the due date, you would be allowed a grace period. This grace period is an additional period for paying the premium. During the grace period the coverage would continue. The grace period would be 30 days if you are paying premiums annually, half-yearly or quarterly and 15 days if you are paying monthly.


Yes, life insurance premiums paid are allowed as a deduction from your taxable income under Section 80C up to INR 1.5 lakhs. Moreover, the maturity or death benefit received from the policy is also tax-free benefit under Section 10 (10D).


Yes, health insurance plans offered by ICICI Prudential Life Insurance Company also allow tax benefits. The premiums paid for such plans are allowed as a deduction under Section 80D up to INR 25,000. The limit increases to INR 50,000 if you are a senior citizen.


The renewal premium can be paid online. To do so you should visit ICICI Prudential’s official website at www.iciciprulife.com. On the home page choose ‘Customer Services’ and on the services page choose ‘Pay Renewal Premium’. You would be taken to a new page wherein you should provide the relevant details like your policy number/mobile number/email id registered with the company and your date of birth. Once the details are provided you can pay the premium online through any digital payment mode. Alternatively, you can also pay the renewal premium through cash, cheque or demand drafts.

Renewals of ICICI Prudential’s life insurance plans can also be done through Turtlemint. Turtlemint is an online platform which allows you to buy and renew insurance policies online. You can simply visit Turtlemint, choose your policy and pay the renewal premium and the policy would be renewed.


The company’s customer care number is 1860 266 7766 which can be called between 10 am to 7 pm on all days except Sundays and national holidays. You can also contact the company through SMS or email.

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