ICICI Life Prudential Insurance: Why Is It A Great Investment Option?
Updated On Sep 02, 2022
Table of Contents
In 2001, ICICI Prudential Life Insurance Company started conducting business. It is a linked journey between Prudential Corporation Holdings Limited and one of India's biggest private sector banks.
The product offering of the company includes financial protection and future saving products to satisfy the needs of its consumers at various life stages. The business seeks to give its esteemed clients easy claim settlement services, cost-effective goods, and good asset and financial management.
What Makes ICICI Prudential Life Insurance the Best Option?
There are innumerable things that end up making ICICI Prudential Life Insurance the best option. Most of them are listed ahead.
- With affordable online term insurance plans, the plans provide comprehensive life insurance.
- Getting tax advantages on premium payouts is another benefit of having life insurance.
- Life insurance enables you to fulfill your combined need for investing and life insurance.
- Plans for life insurance retirement assist you in carefully planning your retirement savings.
- Benefits from taxes under Section 80C of the Income Tax Act of 1961 that apply to premium payouts as well as Section 10(10D) benefits for maturities.
- Includes both the Maturity/Survival Benefit and the Death Benefit.
- Serves as both a life insurance policy and an investment, allowing you to arrange for a variety of financial goals on priority.
- Complete life insurance for payment of a little fee.
- Permits a free gaze If the ICICI Pru Life Insurance policy was not purchased using distance marketing, the policy has a grace period of (i) fifteen days from the date of receipt, and (ii) thirty days from the date of receipt if it was purchased electronically or via distance marketing.
Different ICICI Prudential Life Insurance Plans
The different plans included under ICICI Prudential Life Insurance are mentioned ahead.
1. Elite Life Super
A joint insurance plan that combines protection and investment is called Elite Life Super. In addition to providing investment possibilities to help your fund grow, the program includes life insurance to safeguard your loved ones in the tragic event of your passing.
2. Wealth Builder
The Maturity Benefit under this unit-linked plan is equal to the Fund Value and consists of two components: Loyalty Additions (effective as of the sixth policy year) and Prosperity Booster. When a policyholder passes away within the policy's term, a lump sum death benefit is paid to the nominee. After five policy years have passed, policyholders also have the option of a partial withdrawal.
3. Elite Wealth Super
A unit-linked insurance plan that emphasizes savings and protection is called Elite Wealth Super. The plan includes life insurance coverage in addition to a variety of premium payment and investment fund alternatives.
4. Guaranteed Wealth Protector
A unit-linked insurance plan called the ICICI Pru Guaranteed Wealth Protector gives investors a guarantee on their money as well as the chance to earn significant returns on their investments. It also includes life insurance to provide for your loved ones in the event of your untimely death.
In Conclusion
To meet the unique demands of various consumers, ICICI Pru Life Insurance has an astonishing array of insurance products to choose from. One of the greatest in the business when it comes to customer service is the company's track record. It is one of the top life insurers functioning in the Indian life insurance industry right now, with a high claim settlement ratio and straightforward claim process.
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