|
 |
 |
 |
ICICI Prudential Life Insurance |
|
 |
|
|
|
Life Insurance Plans
These are the oldest types of plans available. These plans cater to customers with a low risk appetite. Some of the common features of traditional plans are:
1. Steady Investment
• Major chunk of ingestible funds are in debt instruments.
• Steady and almost assured returns over the long term.
2. Features
• Death benefit is Sum Assured + guaranteed & vested bonus.
• Helps in asset creation as they are for a long tenure.
• Premium to Sum Assured ratios is fixed for each plan and age.
• Generally withdrawals are not allowed before maturity.
Types of Annuity
An annuity is a series or stream of payments. In the context of retirement planning, an annuity is a contract between you and the insurance company under which the insurance company promises pays you money for a stipulated period-often for life. You, the person receiving the payments, are the "annuitant".
Types of annuity options offered by ICICI Prudential:
Life Annuity: In this plan, you receive annuities for as long as you live. Payments are no longer made after your demise.
Life Annuity with Return of Purchase Price: You receive annuities for as long as you live and your nominee receives the purchase price of the policy after demise. The purchase price refers to the value of your investment corpus at the end of the accumulation phase (with which the annuity was purchased).
Life Annuity Guaranteed for 5, 10 and 15 Years and Life Thereafter: You receive annuities for a minimum term i.e. 5, 10 or 15 years. Annuities continue for life thereafter. If death occurs before the end of the pre-decided term, the company pays the annuity till the end of that term to the nominee.
Joint Life, Last Survivor Annuity without Return of Purchase Price: Both your spouse and you will receive annuities for life.
Joint Life, Last Survivor Annuity with Return of Purchase Price: Both your spouse and you will receive annuities for life. After this, the purchase price is returned to your nominee.
Retirement Solutions
To cater to the needs of a customer looking for retirement planning, ICICI Prudential presents a wide array of products. These products have been designed to take into account the diverse set of needs that characterize individual customers. Please click on the plans to know more about them and identify which plan is just right for you.
• LifeTime Super Pension
• LifeLink Super Pension
• ForeverLife
• Immediate Annuity
Health
Health Cover Corner
Indians at greater risk
Reason 1: Lifestyles have changed: Indians today suffer from high levels of stress. Long hours at work, little exercise, disregard for a healthy balanced diet and a consequent dependence on junk food have weakened our immune systems and put us at an increased risk of contracting illnesses.
Reason 2: Rare non-communicable diseases now common: Obesity, high blood pressure, strokes, and heart attacks, which were earlier considered rare, now affect an increasing number of urban Indians-almost every day.
Shocking Truths
• 18% of the urban population suffers from hypertension, which leads to renal failure, stroke and cardio vascular diseases.
• 30% of the population suffers heart attacks before age 40.
• 66% of deaths today are due to cardio vascular diseases.
• Almost 3.5 million Indians suffer from diabetes.
• Cardiovascular diseases (CVDs) like heart disease and stroke are the main causes of death and disability.
The Cost Factor
Reason 3: Medical care is unbelievably expensive: Medical breakthroughs have resulted in cures for dreaded diseases. These cures, however, are available only to a select few. High operating expenses-therapy for breast cancer costs as much as Rs. 2 lakhs for 3 days-have restricted treatment to the richest. In fact, even among the affluent groups, 20% need to sell their valuable assets so they can accumulate the required amount for their medication.
Reason 4: Indirect costs add to the financial burden: Indirect sources of expense-travel, boarding and lodging, and even temporary loss of income-account for as much as 35% of the overall cost of treatment. Most often, we overlook this fact when planning for medical expenses.
Reason 5: Incomplete financial planning: Most of us have insured our home, vehicle, child´s education, and even our retirement years. Ironically however, we have not insured our health. We ignore the fact that illnesses strike without warning-and seriously impact our finances and eat into our savings in the absence of a good health cover.
Health Product Suite
Under Health Product Suite, ICICI Prudential offers plans under the following major need categories:
• HealthAssure
• HealthAssure Plus
• Hospital Care
• Cancer Care
• Cancer Care Plus
• Crisis Cover
• Diabetes Care
• Diabetes Care Plus
|
|
|
 |
 Top Providers |
 |
ICICI Prudential Life |
|
SBI Life Insurance |
|
Life Insurance Corp. |
|
Bajaj Allianz Insurance |
|
United India Insurance |
|
|
| |
|
|
|
