ICICI Prudential Life Insurance Co. Ltd

ICICI Pru Life Insurance Company is the joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.

ICICI Pru Life Insurance Co. Ltd. - Paisa kaudi
ICICI Pru Life Insurance Co. Ltd. – Paisa kaudi

ICICI Pru Life Overview

  • Started operations in the year 2001, ICICI Prudential Life is the first insurance company in India to be listed on National Stock Exchange (NSE)
  • ICICI Bank is a leading private sector bank in India and Prudential Corporation Holdings Limited is an indirect wholly-owned subsidiary of Prudential plc.
  • ICICI Pru life insurance has a wide range of plans to lead a worry-free life for their customers. Their products include Term, Health, ULIP, Savings, Investment, and Retirement.
  • It has over 470 branches and 1965+ network hospitals.

CEO and Contact Details of ICICI Pru Life

Managing Director and CEOMr. N. S. Kannan
Corporate Office AddressICICI Pru Life Towers, 1089 Appasaheb Marathe Marg,
Prabhadevi, Mumbai-400025
Contact No.New customer : 1800-267-9777
For policies bought through
online or app: 1860-267-9997
Existing customers :
1860-266-7766
NRI Customers :
+91 22-6193-0777
Email IDNew customer : buyonline@iciciprulife.com
Employee count14,630+
Assets Under
Management (AUM)
₹ 2,404.92 billion (As on 31st March 2022)
HDFC Life Websitehttps://www.iciciprulife.com/
HDFC Life Twitterhttps://twitter.com/iciciprulife
HDFC Life Facebookhttps://www.facebook.com/ICICIPruLife
HDFC Life Linkedinhttps://www.linkedin.com/company/icici-prudential-life-insurance-company-limited
ICICI Pru Life Details

ICICI Pru Life Term Insurance Plans

Term insurance provides financial protection to the nominee in case of the unfortunate demise of the insured during policy term. Term insurance policy provides large coverage at very small premiums. Anyone with financial dependents should buy a term insurance plan.

ICICI Pru Life offers different term plans based on different needs of the customers.

Lets, check the list of term insurance plans from ICICI Pru Life. Click on any plan to get the detailed review on it.

Product NameUIN No
ICICI Pru iProtect Smart
ICICI Pru iProtect Return of Premium
ICICI Pru Saral Jeevan Bima
ICICI Pru Life – Term Plans

Claims process of ICICI Pru Life

Claim process is a procedure through which claim is authenticated and claim amount is disbursed to the policyholder or nominee or beneficiary or appointee or assignee. ICICI Pru Life has a very quick and simple claim process.

Click here to get the ICICI Prudential Life claim process in detail

ICICI Pru Life Claim Settlement Ratio

Claim settlement ratio is the percentage of claims settled out of the total number of claims filed in a financial year. Higher the percentage, better is the insurer. IRDAI (Insurance regulatory and development authority of India) issues an annual report on claim settlement ratio of life insurance companies every year.

For example : Let’s suppose ICICI Pru Life has received 100 claims in a financial year and it settles 90 in the same financial year. So the claim ratio of ICICI Pru Life will be (90/100) x 100 = 90% for the same financial year.

Claim settlement ratio of last 6 years of ICICI Pru Life

YearClaim Ratio
2020-2197.90%
2019-2097.80%
2018-1998.60%
2017-1897.88%
2016-1796.68%
2015-1696.20%
ICICI Pru Life Claim Settlement Ratio

Market share of ICICI Pru Life

It is the percentage of new business (first year + single) premium received out of the total new business premium received by all life insurance companies.

Market share of last 5 years of ICICI Pru Life

YearMarket Share
2020-214.74%
2019-204.81%
2018-194.82%
2017-184.74%
2016-174.49%
ICICI Pru Life – Market Share

Bonus Rates of ICICI Pru Life Plans

Every year ICICI Pru Life declares bonuses to their premier products which participate in profits. ICICI Pru Life declares these bonuses in the form of Reversionary Bonus (RB) and Terminal Bonus (TB).

Click here to Get Bonus Rates of All ICICI Pru Life Policies

ICICI Pru Life Branch Locator

We have made a list of ICICI Pru Life branches in top 10 cities i.e Mumbai, New Delhi, Bengaluru, Chennai, Gurgaon, Pune, Hyderabad, Ahmedabad, Kolkata and Lucknow. You will find addresses with contact details of every branch mentioned in the above cities. Click below to get the details.

Check ICICI Pru Life Branch Near Me

ICICI Pru Life Insurance FAQs

What is the grace period of ICICI Pru Life?

If you miss your premium payment due to any reason, you will get a grace period of 15 days for monthly premium payment and 30 days for half-yearly and yearly premium payment. If you pay your premium within the grace period, your policy will continue.

Who is the CEO of ICICI Pru Life?

Mr. N. S. Kannan is the MD and CEO of ICICI Pru Life.

ICICI Pru Life started in which year?

ICICI Pru Life was incorporated in 2000 and they started their operations in 2001 .

Who is the owner of ICICI Pru Life?

ICICI Prudential Life Insurance Company is the joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.

Where is the headquarters of ICICI Pru Life?

ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025

Which is the best ICICI Pru Life term insurance Plan?

ICICI Pru iProtect Smart, ICICI Pru iProtect Return of Premium and ICICI Pru Saral Jeevan Bima are the plans with ICICI Pru Life Insurance.

How long does it take for an ICICI Pru Life death claim?

ICICI Pru Life requires 30 to 90 days to settle a death claim.

How many branches does ICICI Pru Life have?

ICICI Pru Life has over 470 branches across India.

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This covers all the topics on ICICI Pru Life Insurance. Please comment if you need any further information on this.

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