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Best ULIP Plans

Sanikasawant28 Jul, 2021Other

Unit Linked Insurance Plans (ULIPs) give you an option to invest in equity, debt or a mix of both. Equity funds give you a long-term high growth potential, whereas, debt funds preserve your wealth. Based on your risk appetite and goals, you can choose to invest in either equity or debt.

Best Term Insurance Plan

Sanikasawant28 Jul, 2021Other

In case of a natural disaster, a life insurer will receive a large number of claims in a short period. Since a huge volume of claims will have to be settled quickly, it is in such situations that solvency ratio becomes vital. The financial security of your family will depend on the financial stability of your life insurer. Even though natural disasters may seem unlikely, ignoring this crucial aspect could compromise your family?s financial security

Compare Savings Plans

Sanikasawant28 Jul, 2021Other

Savings plans have the dual benefit of life cover as well as wealth creation. Life cover provides you with death benefit that helps secure your family?s future in your absence. However, these plans also enable you to create wealth. By investing just a small amount regularly, you can get back a large sum of money at maturity. Thus these plans help you throughout your life, and even after that.

Term Insurance Plan Meaning

Sanikasawant28 Jul, 2021Other

Term insurance plans provide a high life insurance amount at affordable premium*. For instance, with ICICI Pru iProtect Smart, you can get a Life Cover of 1 crore at a premium of just 490 per month. This premium rate is for 1 Crore life cover for a 25 year old healthy male for a policy term of 21 years with regular income payout option. The annual premium will be 5725 & the monthly premium will be 490. The premium amounts are inclusive of taxes.

Life Insurance Meaning and Importance

Sanikasawant28 Jul, 2021Other

Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period. Here, at ICICI Prudential Life Insurance, you pay premiums for a specific term and in return, we provide you with a Life Cover. This Life Cover secures your loved ones? future by paying a lump sum amount in case of an unfortunate event. In some policies, you are paid an amount called Maturity Benefit at the end of the policy term.

Child Investment Plans

Sanikasawant28 Jul, 2021Other

While securing your child?s future, planning for higher education is crucial. According to the National Sample Survey Office (NSSO), between 2008 and 2014, the average annual private expenditure for education (primary level to post-graduation) shot up by a staggering 175 percent* and this will only keep increasing due to the rising rate of inflation. Thus, as your child grows, a major chunk of your savings will get spent on education. With an investment for child education, you can create the necessary funds so that your child can pursue their dream career.

Type of Life Insurance

Sanikasawant28 Jul, 2021Other

Term insurance can be used for various purposes. In the absence of an income, your family can use the cover from the insurance to pay for their day to expenditure, education costs, or wedding expenses. If you have any outstanding debts, such as home loan, car loan, etc., your family can pay them off with the cover.

Claim Settlement Ratio

Sanikasawant28 Jul, 2021Other

Claim settlement ratio (CSR) is the % of claims that an insurance provider settles in a year out of the total claims. It acts as an indicator of their credibility. As a general rule, the higher the ratio, the more reliable the insurer is. You can easily find the CSR of different companies on the official website of the Insurance Regulatory and Development Authority of India (IRDAI).

Pension plan

Sanikasawant28 Jul, 2021Other

Retirement Plans are a category of life/annuity plans that are specially designed to meet your post-retirement needs such as medical and living expenses. To ensure that you can enjoy your golden years with financial independence, these policies help you plan for your expenses and secure your future.

Types of health plans

Sanikasawant28 Jun, 2021Other

When a medical emergency strikes, you not only need emotional support but also financial support. While you have your loved ones to lift up your spirits, you need someone to take care of the medical bills as well. This is where health insurance comes to your rescue.