Icici Pru Insurance

ICICI Prudential
Life Insurance
Rupa Singh 12
Himanshu Ahire 13
Narendra Singh 14
Overview
‣ ICICI Prudential Life Insurance Company is a
joint venture between ICICI Bank - one of
India's foremost financial services companies-
and Prudential plc - a leading international
financial services group headquartered in the
United Kingdom.
‣ Operations started in December 2000
‣ Nation-wide reach includes 1,960 branches
(inclusive of 1,096 micro-offices), over
237,000 advisors; and 6 bancassurance
partners.
Type of Insurance Plans
‣ Insurance plan are spread across multiple categories,

catering different needs of different individuals.Insurance
Plans can be broadly divided into following three
categories.
• Life Insurance
• Retirement Plans
• Health Insurance
Life Insurance Plan
‣ Life insurance products assure your family will

receive financial support, even in your absence.
Life Insurance Plan can be further divided into following
categories
• Education Insurance Plans
• Wealth Creation Plans
• Protection Plans
Life Insurance Plan
‣ Educational Insurance Plan
- ICICI Pru SmartKid Assure ‣ Protection Plans
- ICICI Pru SmartKid Maxima - Pure Protect
- ICICI Pru SmartKid Regular - LifeGuard
- Save'n'Protect
Premium
- CashBak
- Home Assure
‣ Wealth Creation Plan
- ICICI Pru LifeStage Wealth
- ICICI Pru ACE
- ICICI Pru Premier Wealth
- ICICI Pru Assure Wealth
- ICICI Pru LifeTime Maxima
- ICICI Pru Pinnacle
Retirement Solutions
‣ The primary objective of this plan is to help customers to

accumulate enough funds for financial needs in post
retirement years.
Following are Products offered in this category.
• ICICI Pru LifeTime Pension Maxima
• ICICI Pru LifeStage Pension Advantage
• ICICI Pru Elite Pension II
• ICICI Pru Assure Pension
• ICICI Pru ForeverLife
• ICICI Pru Immediate Annuity
Health Insurance
‣ Health insurance policies insure you against
several illnesses and guarantee you stay
financially secure should you ever require
treatment.
Health Insurance Products
‣ Comprehensive health coverage

- Health Saver
‣ Hospitalisation coverage
- MediAssure
- Hospital Care
‣ Critical Illness coverage
- Crisis Cover
Unit Link Insurance Plan -ULIP
‣ Retirement
‣ Wealth
- Single premium - Regular premium plan
- Guarantee plans – Non guarantee plans
- Life Stage based – Non life Stage based
‣ Children’s Education
‣ Health
ULIP Charges
‣ Policy administration charges ‣ Riders

‣ Premium allocation charges ‣ switch
‣ Mortality charges ‣ Top up
‣ Fund management charges ‣ Surrender
Comparative Study
ULIP Policies
Minimum Premium Amount
Policy Name Min Premium Amount Mortality charges (30
(p.a) yrs)
Education Solutions
ICICI Pru SmartKid Assure Rs. 15,000 1.46
ICICI Pru SmartKid Maxima Rs. 12,000 1.46
Wealth Creation Plans
ICICI Pru LifeStage Wealth Rs. 20,000 1.46
ICICI Pru ACE Rs. 18,000 1.46
ICICI Pru Premier Wealth Rs. 18,000 1.46
ICICI Pru Assure Wealth Rs. 12,000 1.46
ICICI Pru LifeTime Maxima Rs. 24,000 1.46
ICICI Pru Pinnacle Rs. 50,000 1.46
ICICI Pru LifeTime Pension Maxima Rs. 10,000 1.46
ICICI Pru LifeStage Pension Rs. 15,000 1.46
Advantage
ICICI Pru Elite Pension II Rs. 3,00,000 1.46
ICICI Pru Assure Pension Rs. 15,000 1.46
Premium Allocation Charges
Policy Name 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year
Education Solutions
ICICI Pru SmartKid Assure 100% Nil Nil Nil Nil Nil
ICICI Pru SmartKid Maxima 15% 10% 8% 6% 6% 4%
onward
ICICI Pru LifeStage Wealth Nil Nil Nil Nil Nil Nil
ICICI Pru ACE Nil Nil Nil Nil Nil Nil
ICICI Pru Premier Wealth 6% 4% 4% Nil Nil Nil
ICICI Pru Assure Wealth 100% 4% 4% 4% 4% Nil
ICICI Pru LifeTime Maxima 8% 3% 3% Nil Nil Nil
ICICI Pru Pinnacle 14% 4% 2% Nil Nil Nil
ICICI Pru LifeTime Pension 20% 6% Nil Nil Nil Nil
Maxima
ICICI Pru LifeStage Pension Nil Nil Nil Nil Nil Nil
Advantage
ICICI Pru Elite Pension II 15% Nil Nil Nil Nil Nil
ICICI Pru Assure Pension 100% Nil Nil Nil Nil Nil
Fund Management Charges
(FMC)
Policy Name Money market Fund Other Funds
Education Solutions
ICICI Pru SmartKid Assure 0.75 p.a. 1.35 p.a.
ICICI Pru SmartKid Maxima 0.75 p.a. 1.35 p.a.
ICICI Pru LifeStage Wealth 0.75 p.a. 1.35 p.a.
ICICI Pru ACE 0.75 p.a. 1.35 p.a.
ICICI Pru Premier Wealth 0.75 p.a. 1.35 p.a.
ICICI Pru Assure Wealth 0.75 p.a. 1.35 p.a.
ICICI Pru LifeTime Maxima 0.75 p.a. 1.35 p.a.
ICICI Pru Pinnacle 0.75 p.a. 1.35 p.a.
ICICI Pru LifeTime Pension Maxima 0.75 p.a. 1.35 p.a.
ICICI Pru LifeStage Pension 0.75 p.a. 1.35 p.a.
Advantage
ICICI Pru Elite Pension II 0.75 p.a. 1.35 p.a.
ICICI Pru Assure Pension 0.75 p.a. 1.35 p.a.
There will be an additional charge for the investment guarantee of 0.25%
Policy Administration Charge
Policy Name Policy Administration Charges Applicable Years
Education Solutions
ICICI Pru SmartKid Assure Rs. 60 per month 2 to 5 year
ICICI Pru SmartKid Maxima Rs. 80 per month 1 to 5 year
ICICI Pru LifeStage Wealth 2.64% to 2.16% of sum assured Per 1 to 5 year
Month
ICICI Pru ACE Rs. 60 per month Term of the Policy
ICICI Pru Premier Wealth 0.4% to 0.3% per month of Annul 1 to 5 year
Premium
ICICI Pru Assure Wealth Rs. 50 per month 2 to 10 year
ICICI Pru LifeTime Maxima 0.90% per month (< 1,00,000) 1 to 5 year
ICICI Pru Pinnacle 0.6% to 0.40% per month of Annul 1 to 3 year
Premium
ICICI Pru LifeTime Pension 0.75% to 0.3% per month of Annual 1 to 5 year
Maxima Premium
ICICI Pru LifeStage Pension 1.1% to 0.9% per month of Annual 1 to 5 years
Advantage Premium
ICICI Pru Elite Pension II 0.4% per month of Annual Premium 1 to 3 year
ICICI Pru Assure Pension Rs. 60 per month 2 to 5 year
Other Charges
Policy Name Switching Charges Miscellaneous
Charges
Education Solutions
ICICI Pru SmartKid Assure 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru SmartKid Maxima 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru LifeStage Wealth 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru ACE 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru Premier Wealth 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru Assure Wealth 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru LifeTime Maxima 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru Pinnacle N/A Policy Alteration Rs 250
ICICI Pru LifeTime Pension 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
Maxima
ICICI Pru LifeStage Pension 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
Advantage
ICICI Pru Elite Pension II 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
ICICI Pru Assure Pension 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
Comparison of Policy Benefits
Policy Name Additiona Loyality Maturit Cover Switch Strateg Top Flexi +/- Settle Garun
l Add y Continu y Up Retire Sum ment tee
Allocatio Benefit e Change Date Assured Options Add
n s s
Education
SmartKid Y N Y Y Y Y Y N Y Y N
Assure
SmartKid N N Y Y Y Y Y N Y Y Y
Maxima
Wealth
LifeStage Y N Y N Y Y Y N N Y N
Wealth
ACE Y Y Y Y Y Y Y N Y Y N
Premier Wealth Y Y Y N Y Y Y N Y Y N
Assure Wealth Y N N Y Y Y Y N Y N Y
LifeTime Y Y N Y Y Y Y Y Y N N
Maxima
Pinnacle Y N N N N N N N Y N Y
Retirement
Pension Y Y N Y Y Y Y Y Y N N
Maxima
Pension Y N N N Y Y Y Y Y N N
Advantage
Elite Pension II N Y N Y Y Y Y N N N
Assure Pension Y N N Y Y Y Y Y Y N Y
Comparative Analysis
Thank You!!

Icici Pru Insurance

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Icici Pru Insurance

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ICICI Prudential

‣ Insurance plan are spread across multiple categories,

‣ Life insurance products assure your family will

‣ The primary objective of this plan is to help customers to

‣ Comprehensive health coverage

‣ Policy administration charges ‣ Riders

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