ICICI Pru Life Insurance Company is the joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.
List of Topic Covered
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 CEO | Mr. N. S. Kannan |
| Corporate Office Address | ICICI 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 ID | New customer : buyonline@iciciprulife.com |
| Employee count | 14,630+ |
| Assets Under Management (AUM) | ₹ 2,404.92 billion (As on 31st March 2022) |
| HDFC Life Website | https://www.iciciprulife.com/ |
| HDFC Life Twitter | https://twitter.com/iciciprulife |
| HDFC Life Facebook | https://www.facebook.com/ICICIPruLife |
| HDFC Life Linkedin | https://www.linkedin.com/company/icici-prudential-life-insurance-company-limited |
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 Name | UIN No |
| ICICI Pru iProtect Smart | |
| ICICI Pru iProtect Return of Premium | |
| ICICI Pru Saral Jeevan Bima |
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
| Year | Claim Ratio |
| 2020-21 | 97.90% |
| 2019-20 | 97.80% |
| 2018-19 | 98.60% |
| 2017-18 | 97.88% |
| 2016-17 | 96.68% |
| 2015-16 | 96.20% |
ICICI Pru Life Insurance Claim Settlement Ratio From 2006 to 2022 >
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
| Year | Market Share |
| 2020-21 | 4.74% |
| 2019-20 | 4.81% |
| 2018-19 | 4.82% |
| 2017-18 | 4.74% |
| 2016-17 | 4.49% |
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
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.
Mr. N. S. Kannan is the MD and CEO of ICICI Pru Life.
ICICI Pru Life was incorporated in 2000 and they started their operations in 2001 .
ICICI Prudential Life Insurance Company is the joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited.
ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025
ICICI Pru iProtect Smart, ICICI Pru iProtect Return of Premium and ICICI Pru Saral Jeevan Bima are the plans with ICICI Pru Life Insurance.
ICICI Pru Life requires 30 to 90 days to settle a death claim.
ICICI Pru Life has over 470 branches across India.
| List of All Life Insurance Companies in India | Click Here |
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This covers all the topics on ICICI Pru Life Insurance. Please comment if you need any further information on this.
hi team,
I would like withdraw amount invested
please do needful
kaja krishna
ph-> 9902362054
Dear Krishna,
Please share more information about your product in which you have invested.