ICICI Prudential Life Insurance

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Updated 14 August 2026Life Insurance

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ICICI Prudential Life Insurance is a prominent name in the insurance sector, offering a safety net to families across India. It's a joint venture between ICICI Bank, a leading bank in India, and Prudential plc, a major international financial services group.

This article will explore the various life insurance plans offered by ICICI Prudential, delving into their features, benefits, and other relevant aspects.

Types of ICICI Prudential Life Insurance Plans

Here are the types of ICICI Prudential life insurance plans -

Term Insurance Plans: These plans provide pure life cover at low premiums for a specified term. In case of the policyholder's demise during the term, the nominee receives the sum assured.
Unit Linked Insurance Plans (ULIPs): ULIPs offer a combination of insurance and investment, allowing policyholders to invest in various market-linked funds alongside life cover.
Endowment Insurance Plans: A lump sum amount, either on the policy maturity or on the policyholder's demise, along with life cover during the term, is provided by endowment plans.
Money Back Insurance Plans: These policies provide periodic payouts during the policy term, acting as a source of regular income alongside life cover.
Whole Life Insurance Plans: As the name suggests, these plans offer life cover for the lifetime of the policyholder, often along with an opportunity to build cash value.
Child Insurance Plans: Designed to secure a child's future financially, child insurance plans provide funds for education and other needs, even in the policyholder's absence.
Retirement Insurance Plans: The primary aim is to ensure a steady income post-retirement, which helps policyholders maintain their lifestyle.
Health Insurance: Provides financial cover for specified illnesses
Group Plans: Group plans provide insurance coverage to a collective group of individuals under a single policy.
Rural Plans: Rural plans are tailored insurance products designed to meet the specific requirements and affordability of individuals residing in rural areas.
Combi Plans: Combi plans are hybrid products that combine features of two or more different types of benefits, such as life insurance and investment.

List of ICICI Prudential Life Insurance Plans

Let’s now take a look at some of the popular ICICI Prudential life insurance plans -

Types of ICICI Prudential Life Insurance Plans	Plans Available
Term Insurance Plans	ICICI Pru iProtect Smart ICICI Pru iProtect Smart – Smart Exit Option (Optional Return) ICICI Pru iProtect Return of Premium (Guaranteed Return) ICICI Pru Protect N Gain (New) (Market Linked Return) ICICI Pri Saral Jeewan Bima ICICI Pru iCare II ICICI Pru Precious Life ICICI Pru Life Raksha ICICI POS Life Raksha ICICI Pru Loan protect ICICI Pru Loan Protect Plus
Unit-Linked Insurance Plans	ICICI Pru Signature Online ICICI Pru Signature SmartKid with ICICI Pru Smart Life ICICI Pru1Wealth ICICI Pru Life Time Classic ICICI Pru Guaranteed Wealth Protector ICICI Pru Smart Life ICICI Pru Smart Couple Plan ICICI Pru Ezy Grow
Money Back Insurance Plans	ICICI Pru Gold ICICI Pru Sukh Samruddhi ICICI Gift Pro ICICI Pru Guaranteed Income for Tomorrow (Long-Term) ICICI Guaranteed Income for Tomorrow ICICI Pru Cash Advantage ICICI Pru Savings Suraksha ICICI Pru Assured Savings Insurance Plan ICICI Pru Future Perfect ICICI Pru Lakshya ICICI Pru Lakshya Lifelong Income SmartKid with ICICI Pru Smart Life
Retirement Insurance Plans	ICICI Pru Guaranteed Pension Plan Flexi ICICI Pru Guaranteed Pension Plan ICICI Saral Pension ICICI Pru Easy Retirement SP ICICI Pru Easy Retirement
Health Insurance Plans	ICICI Pru Heart/Cancer Protect
Group Insurance Plans	ICICI Group Loan Secure ICICI Group Insurance Scheme for Pradhan Mantri Jeevan Jyoti Bima Yojana ICICI Pru Shubh Raksha Credit ICICI Pru Shubh Raksha One ICICI Pru Shubh Raksha Life ICICI Pru Super Protect - Credit ICICI Pru Super Protect - Life ICICI Pru Group Unit Linked Superannuation ICICI Pru Group Unit Linked Employee Benefit Plan ICICI Pru Group Suraksha Plus ICICI Group Suraksha Plus Superannuation
Rural Plans	ICICI Pru Anmol Bachat
Combi Plans	i-Shield

Features of ICICI Prudential Life Insurance Plans

ICICI Prudential life insurance plans come with a variety of features that cater to the requirements of different individuals. The plans are designed to provide a financial safety net so that you and your loved ones can lead a secure life.

Whether you are looking to financially protect your family, save for the future, or plan for retirement, you can find a plan tailored for you.

Here are some of the features of ICICI Prudential life insurance plans:

Life Cover: Provides financial protection to your family in case of unexpected events
Tax Benefits: Offers tax benefits under Section 80C and 10(10D) of the Income Tax Act
Flexible Payout Options: Allows you to choose the payout option that suits your financial needs
Guaranteed Additions: Some plans offer guaranteed additions to boost your savings
Market-Linked Returns: Grow your wealth with market-linked returns provided by certain plans
Choice of Funds: Offers a choice of multiple funds to cater to your investment needs
Loyalty Additions & Wealth Boosters: Get rewarded with loyalty additions and wealth boosters by staying invested.
Critical Illness Cover: Optional rider to provide coverage against specified critical illnesses
Accidental Death and Disability Cover: Optional riders to provide additional protection
Flexible Premium Paying Terms: Choose a premium paying term that suits your budget and financial goals.

Key Advantages of ICICI Prudential Life Insurance Plans

Tabled below are the key ICICI Prudential life insurance plans along with their key features and benefits -

ICICI Prudential Life Insurance Plans	Advantages
ICICI Pru iProtect Smart	High life cover of up to INR 1 Crore Covers you till the age of 99 years 4 payout options available – Lump sum, income, increasing income, lump sum plus income Option of accidental benefit cover (before or after purchase of the plan) Option of adding critical illness benefit cover with 34 critical illnesses covered Minimum age to buy the plan – 18 years Maximum age — 65 years
ICICI Pru Protect N Gain (New) (Market Linked Return)	Accidental death cover provided in lump sum Maturity booster to enhance the fund value at maturity of the policy Both life cover and investment option Get regular money from fund value Riders available – accidental death and disability rider
ICICI Pru iProtect Return of Premium (Guaranteed Return)	Get 105% of your premiums back on maturity with return of premium and return of premium with life-stage cover plan options Monthly income from the age of 60 years till the end of policy term No survival death benefit available
ICICI Pru Saral Jeewan Bima	Provides financial protection to your family Offers affordable premiums with multiple payment options Choose a premium payment term as per your convenience Avail tax benefits as per prevailing laws In case of accidental death during the waiting period, the nominee receives a lump sum amount.
ICICI Pru iCare II	Provides a lump sum amount as Life Cover to the policyholder’s family in their absence Optional extra protection in case of accidental death Enjoy tax benefits under Section 80C and the payout is tax-free under Section 10(10D). Choose between One Pay or Regular Pay options for premium payment. Opt for coverage ranging from 5 to 67 years depending on the payment option chosen.
ICICI Pru Precious Life	Covers individuals with existing health conditions like high BP, diabetes, and so on Option for Accidental Death Benefit Choose lump sum, monthly income, or both as benefit amount. Premium payment flexibility – once, limited period, or throughout the policy term Discounts on the first year’s premium for existing customers
ICICI Pru Life Raksha	Provides a lump sum to the family in the absence of the policyholder The higher of Sum Assured, 10 times the annual premium, or 105% of total premiums paid is given. Avail tax benefits under Section 80C Death benefits are tax-free under Section 10(10D) Option to reduce taxable income by paying premiums Ensures financial needs of your family are met during unforeseen circumstances
ICICI Pru iProtect Smart – Smart Exit Option (Optional Return)	Additional accidental death benefit cover Special premium rates for women Flexibility to pay premium – lump sum, for a limited period or throughout the policy term Tax benefits Death benefit provided
ICICI POS Life Raksha	5 year policy No maturity or survival benefit payable No surrender benefit under this plan Minimum age to apply for the plan — 18 years Maximum age — 60 years No medical examination required to avail of the policy
ICICI Pru Loan Protect	2 premium option available – One Pay option and Limited Pay option Two coverage options — Life cover remains fixed throughout the policy term, and the life cover reduces from the second month onwards Different policy terms available – 5, 10, 15, 20, 25 and 30 years Minimum life cover is INR 5,00,000
ICICI Pru Loan Protect Plus	CI and TDP benefits available with the policy Complete protection from the burden of paying any liabilities After the demise of policyholder, the family will receive the lump sum which can be used to repay the loan
ICICI Pru Signature Online	Life Cover for the entire policy term Entire premium invested without deductions, with return of certain charges at maturity Wealth Boosters rewarded at regular intervals Choice of 4 portfolio strategies and a wide range of funds. Tax-free maturity amount under Sec 10(10D) and tax rebate on premium paid under Sec 80 C
LIC Pru Signature	Higher of the Sum Assured, Minimum Death Benefit, or Fund Value Extra units allocated every 5th policy year Option for lump sum or structured payout, allowed post five policy years (conditions apply) Regular withdrawal of fund value Unlimited Free Switches in Fixed Portfolio Strategy Change in Portfolio Strategy up to four times in a policy year Modify fund allocation during premium payment. You can increase/decrease in premium payment Term: Subject to policy terms
SmartKid with ICICI Pru Smart Life	Both investment and protection provided You choose between the portfolio strategy as per your requirements — Fixed Portfolio Strategy and Lifecycle-Based Portfolio Strategy Earn loyalty additions if you invest your money for long time Without making any additional investments, get a chance to add a wealth booster to your savings. Withdraw 20% of your fund value at any time after the fifth year of your policy
ICICI Pru1Wealth	No recurring premiums 100% Money Invested: Full premium invested in chosen funds Multiple Fund Options: Equity, Debt, and Balanced funds available Unlimited free switches between funds Wealth Boosters: Rewarded at the end of the policy term. Life Cover: Up to 10 times the premium paid Tax Benefits: Under Section 10(10D) and Section 80C of Income Tax Act, 1961 Secure Your Family’s Future: Financial protection under the MWP Act
ICICI Pru Life Time Classic	Get life cover and invest your funds in equity, debt, or balanced funds simultaneously Earn loyalty additions Enjoy the wealth boosters Tax benefits are also available
ICICI Pru Guaranteed Wealth Protector	Single premium plan with investment in equity and debt Aims to beat inflation and ensure capital protection Assured Benefit: Minimum return of 101% of premiums paid at maturity Loyalty Additions from 6th policy year, 0.25% of average Fund Value Wealth Boosters at the end of 10th year, varies with pay option. Life Cover provided for the family's financial security Flexible premium payment options: One Pay, Five Pay, and Seven Pay Free fund switches between equity and debt. Maturity benefit received tax-free, with option for structured payouts
ICICI Pru Smart Life	Get full coverage protection Life cover at affordable rates Chance to get loyalty additions and wealth boosters Premium waiver benefit also available
ICICI Pru Smart Couple Plan	Get loyalty additions and wealth boosters for long-term investments Choose investment strategy as per your needs Premium waiver benefit
ICICI Pru Ezy Grow	Protection and savings-oriented participating life insurance plan Offers life cover and regular income for life Three plan options: Immediate Income, Immediate Income with Booster, and Deferred Income Aims to cater to long-term recurring financial needs while providing life cover
ICICI Pru Sukh Samruddhi	Plan Options: Lump Sum or Income. Save the Date: Receive income on special dates. Savings Wallet: Accumulate/withdraw Guaranteed Incomes Tax Benefits: As per prevailing laws Death Benefit: Based on age, premium, policy term. Maturity Benefit: Sum assured + bonuses if declared
ICICI Pru Gift Pro	Financial security for the family Guaranteed Income Duration: Flexible selection based on needs Guaranteed Income: Fixed or increasing annually MoneyBack Benefit: Flexible percentage and receiving time Low Cover Income Booster: Enhance Guaranteed Income Save the Date: Choose income receipt date Tax Benefits: Applicable as per prevailing laws
ICICI Pru Guaranteed Income for Tomorrow (Long-Term)	Provides financial security through life insurance cover Guaranteed income for goal realisation Tax benefits on premiums and benefits Loan option for financial emergencies Multiple plan options for varied needs Death benefit for family's financial security Variety of Guaranteed Income combinations Maturity benefit at policy term end Flexible premium payment and policy terms Customised to individual financial capacity and goals
ICICI Pru Guaranteed Income for Tomorrow	Customisable guaranteed benefits to align with personal requirements Early access to guaranteed income from the 2nd year Additional benefits for women Life insurance coverage for family's financial security Flexibility in receiving guaranteed income with the ‘Save the Date’ feature Potential tax benefits on premiums and benefits Loan option against policy for financial emergencies
ICICI Pru Cash Advantage	Get life cover Guaranteed cash benefits Get a chance to earn bonus for investing money Tax benefits available
ICICI Pru Savings Suraksha	Life cover Guaranteed maturity benefits and guaranteed additions Apart from the maturity benefits, get reversionary and terminal bonus Get tax benefits on paid premiums and benefits
ICICI Pru Assured Savings Insurance Plan	Maturity Benefit: Sum of Accrued Guaranteed Additions and Guaranteed Maturity Benefit. Guaranteed Addition (GA): Fixed rate multiplied by total premiums paid GA Rate: Dependent on policy term (9% for 10 years, 10% for 15 years) Death Benefit: Higher of Sum Assured + GA, GMB + GA, or Minimum Life Cover Premium Payment: Flexible modes (Monthly, Half-Yearly, Annual) Pay premiums for 5 years, choose policy terms of 10 or 15 years with minimum premiums varying accordingly
ICICI Pru Future Perfect	Guaranteed Additions (GAs) add extra benefits, rates from 8% to 18% based on policy year and Premium Payment Term (PPT) Guaranteed Maturity Benefit (GMB) is a lump sum at policy term end, determined at inception On policyholder's demise, the family gets higher of the fixed Sum Assured, GMB, and 105% of premiums paid Tax benefits under Section 80C and 10(10D) of Income Tax Act, 1961 Policy term of 10 to 15 years Minimum age to start this plan is 3 years, maximum age is 45 years Maturity ages range between 18 and 60 years
ICICI Pru Lakshya	Receive lump sum on maturity for achieving dreams Guaranteed capital protection with Sum Assured on Maturity Earn Guaranteed Value Benefits by starting early, saving more, staying longer, and special benefits for women (SHE) Potential bonuses through Regular Additions annually and Terminal Bonus at maturity, if declared Life cover throughout the policy term for family's security Tax benefits on premiums and benefits as per prevailing tax laws
ICICI Pru Lakshya Lifelong Income	Enjoy guaranteed income and cash bonus every year post-income start date until the age of 99 years Assured capital protection via 'Sum Assured on Maturity' Yearly Regular Additions to enhance your wealth till the income start date Life cover ensuring family's financial security until age 99 Liquidity benefits during the policy term for financial emergencies Tax benefits on premiums and benefits as per current tax laws
ICICI Pru Guaranteed Pension Plan Flexi	Flexibility in regular savings, premium payment duration, and annuity start time Varied annuity payment frequencies and numerous annuity options catering to retirement requirements Joint Life annuity options with Waiver of Premium feature for family's financial security ‘Save the Date’ feature for custom annuity receipt date ‘Top-up’ option for additional investment
ICICI Pru Guaranteed Pension Plan	Guaranteed lifelong income 100% safe and secure Three options available to get your investments back – entire amount at the age of 80 years, 50% at the age of 80 and the rest on death, and you can also opt to get money in parts with regular income
ICICI Saral Pension	Guaranteed pension for life Two annuity options – life annuity with return of 100% of the purchase price and joint life last survivor annuity with return of 100% of the purchase price in death of last survivor Obtain a loan against your plan to meet financial contingencies Option of surrendering the policy For higher purchase prices, an increased annuity is paid
ICICI Pru Easy Retirement SP	Mix of equity and debt aims to beat inflation Assured Benefit or Fund Value at maturity, whichever is higher Option to commute up to 60% value at retirement (tax-free) Fund switch option between Easy Retirement SP Balanced and Secure Funds Pension Boosters and Loyalty Additions post 10th and 6th policy year, respectively Multiple income receiving options post-retirement Various annuity options under ICICI Pru Immediate Annuity plan Guaranteed Death Benefit or Fund Value to nominee post demise Designed for long-term retirement savings with capital guarantee
ICICI Pru Easy Retirement	Regular Income: Steady payouts, suited if money required immediately Lump sum + Regular Income: Initial lump sum, rest for regular income, flexible Postpone Retirement: Delay payouts if money isn't needed immediately Single Premium Deferred Pension: Further investment for potential higher returns — ideal if no immediate money need
ICICI Pru Heart/Cancer Protect	Affordable coverage with INR 20 lakh cover 5% discount for couples on first year premium 5% loyalty discount for existing customers on first year premium Payout upon diagnosis of listed conditions. Premium waiver on specific claims or permanent disability due to accident Up to 25% Sum Assured payout for diagnosed minor conditions Additional 1% of Sum Assured as income for 5 years on major condition diagnosis 10% cover increase option for every no-claim policy year
ICICI Group Term Plans	Provides life cover to groups Master Policy covers group members Sum assured chosen by the Master Policyholder Sum assured can be associated to financial liabilities or salary Benefits employers with low-cost cover, retention, loyalty, tax deductions, and seamless administration Employees get life cover without medical exams up to a limit Informal groups benefit with flexible premium payments Death benefits offered for financial protection Suitable for both formal and informal groups Aimed at securing financial well-being of members or employees’ families
ICICI Pru Immediate Annuity	Master Policyholder pays premiums for group members Sum Assured can be flat or graded — sometimes linked to salary Employers benefit: Low-cost cover, retention, tax deductions, simple administration Employees get life cover, and no medical exam up to the free cover limit Informal groups also benefit with simplified administration Premiums can be paid by group admin or members Death Benefit to nominees helps cover financial liabilities like loans
ICICI Group Loan Secure	Plan covers death, terminal illness, accidental death, critical illness, and disability Options for reducing cover available Moratorium periods of 3 or 7 years offered Coverage term selection up to 30 years
ICICI Group Insurance Scheme for Pradhan Mantri Jeevan Jyoti Bima Yojana	PMJJBY is a low-cost insurance scheme by the Indian Government Available for eligible savings bank account holders aged 18 to 50
ICICI Pru Shubh Raksha Credit	Protects from financial liabilities Easy application process
ICICI Pru Shubh Raksha One	Provides protection to all group members
ICICI Pru Shubh Raksha Life	Provides protection to all group members
ICICI Pru Super Protect- Credit	Protects your family from financial liabilities Choose the coverage as per your needs
ICICI Pru Super Protect- Life	Protects your family from financial liabilities Choose the coverage as per your requirements
ICICI Pru Group Unit Linked Superannuation	Aids trusts and organisations in managing funds for Group Superannuation Schemes Options for managing both Defined Benefit and Defined Contribution Schemes are available Variety of funds offered for investment flexibility
ICICI Pru Group Unit Linked Employee Benefit Plan	Helps trusts and organisations in managing funds for Defined Benefit Schemes Option to manage Group Gratuity or Leave Encashment Schemes provided Offers a variety of fund options for investment
ICICI Pru Group Suraksha Plus	Assists trusts and organisations in managing funds for Group Defined Benefit Schemes Offers options to manage Group Gratuity, Post-retirement Medical Benefit Schemes, or Leave Encashment Schemes
ICICI Group Suraksha Plus Superannuation	Helps trusts and organisations in managing funds for Group Superannuation Schemes Provides flexibility to manage both Defined Benefit and Defined Contribution Schemes
ICICI Pru Sarv Jana Suraksha Micro Insurance Plan	Provides protection at a cost-effective price Ensures the financial security of your loved ones in your absence, giving you peace of mind
ICICI Pru Anmol Bachat	Both life cover and savings in one plan Tax benefits Flexibility of payment
i-Shield	Provides life cover up to the age of 85 Waives future premiums in the event of permanent disability due to an accident, easing financial burden Offers cashless hospitalisation at network providers/hospitals Covers both pre and post-hospitalisation medical expenses, ensuring comprehensive medical expense coverage

Claim Process of ICICI Prudential Life Insurance

Follow these steps to initiate the claim process for ICICI Prudential life insurance -

Report Claim: Online on website Call at ClaimCare number Email at claimsupport@iciciprulife.com SMS 'ICLAIMPolicy No' to 56767 Visit your nearest branch
Submit Claim Form and Documents Duly filled claim intimation form Relevant documents as per claim type (e.g., death certificate for death claim)
Claim Review On receiving documents, claim is reviewed Turnaround time as per insurance regulatory guidelines
Document Requirements Vary for Death Claim, Health Insurance Claim Examples: Claimant's statement, doctor's certificate, medical records, policy document, ID proof, bank details

Documents Required in the Claim Process

Listed below are the documents required to initiate the claim process -

For Death Claim

Claimant's statement form
Original Policy Document
Death certificate
Claimant's photo ID and address proof
Bank details (cancelled cheque or bank passbook)
Medical records and certificates if applicable
Employer's certificate for salaried individuals
Additional documents for accidental/suicidal death like post-mortem report, FIR, and more

For Health Insurance Claim

Claimant's statement/claim intimation form
Attending doctor's certificate
Medical records (admission notes, discharge summary, test reports)
Original policy certificate
Cancelled cheque for bank details

Let’s take a look at what others have been asking about ICICI Prudential Life Insurance -

Frequently Asked Questions

Q1. What is the process to claim insurance with ICICI Prudential Life Insurance?

Ans: You can report a claim online on the company’s website, via email, SMS, calling their ClaimCare number, or visiting a branch. Submit the required documents to initiate the claim process.

Q2. What documents are required for a death claim?

Ans: Documents like claimant's statement form, original policy document, death certificate, claimant's ID and address proof, and others based on the nature of the claim are required.

Q3. How can I pay premiums for my ICICI Prudential Life Insurance policy?

Ans: Premiums can be paid online through the insurer's website, auto-debit instructions, or at ICICI Prudential branches.

Q4. Can I change my premium payment frequency?

Ans: Yes, you can change your premium payment frequency by contacting customer service or visiting a branch.

Q5. What is the Free Look Period in ICICI Prudential Life Insurance?

Ans: The Free Look Period allows you to review your policy terms. If unsatisfied, you can return the policy within 15 days from the date of receipt in this period.

Q6. How can I check the status of my policy?

Ans: You can check your policy status by logging into your account on the ICICI Prudential website or contacting customer service.