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Life Insurance
With our affordable and flexible term plan, ensure your family is financially secured at different stages of life.
Term life insurance plan is a financial safety net for your loved ones in your absence. If you are the person insured, you pay a specific premium amount at fixed intervals for a policy term of your choice. In case of your unfortunate demise during this term, your cover amount is paid to your selected nominee(s) like your spouse, children or parents.
Key Features
Claim Process
We settle your claim in 3 quick and simple steps.
Pay your Premium
Pay the renewal premium fee for ICICI Prudential life insurance policies.
Save Tax
Save yourself from losses by protecting your cards.
Benefits & Features
Complete Protection
Life insurance not only helps your family maintain their current lifestyle in your absence, but also helps pursue all future goals planned, together.
Tackling Debts
Cover your family’s daily expenses and outstanding debts like Credit Card payment, Car Loan, Home Loan with a term life cover in your absence.
Securing your Child’s Future
Term life insurance can help you fulfil your child’s dreams when you are not around.
Health Cover for you
Protect your savings from hefty medical bills with our Additional Critical Illness Cover.
Tax Saving
Premiums paid are tax-free under Sections 80C and 80D and the claim amount received is tax-free under Section 10(10D).
WHY CHOOSE ICICI BANK?
GET YOUR FREE TERM INSURANCE BUYING GUIDE NOW!
To help you choose the best term plan, we are happy to share this free guide developed by experts of a renowned personal finance portal.
This guide will provide advice on some important topics like:
How to select the right term insurance?
How to save a premium when buying a Term Insurance Plan and more…
SMS ‘TAB’ to 5676766
Life Insurance FAQs
How long do life insurance policies last?
Life insurance policies last till the end of the policy term chosen by you at the time of purchase or till a claim is paid as per the terms and conditions of the policy.
What is life insurance?
Life insurance is a payment made to your family in case of your death during the policy term or a payment made to you on surviving the policy term. In return for this payment, you make periodic fixed payments to the life insurance company.
Is life insurance policy necessary?
Yes, life insurance policy is necessary for the financial well-being of your loved ones in your absence.
Will I get any returns at the end of the policy?
No, there are no maturity benefits under this policy since the key objective of this product is to secure your family in your absence. A term life insurance gives you peace of mind as you secure the financial future of your family in advance.
How do I link my Life Insurance Policy ?
To link your life insurance policy, Please click here.