ICICI PRUDENTIAL INSURANCE

Insurance is an essential part of any investment portfolio. Quite often the high profile stock markets divert the attention of investors away from Insurance. The value of Insurance is often recognized in its absence. At such time it is too late to correct the situation. Today Insurance is not restricted to only the benefits available to the the assignees on the death of the Insured. Endowment policies, Cash Bak Policies and Health Insurance policies provide covers for various kinds of risks on encounters in life. ICICI Prudential Life Insurance has introduced several useful schemes some of them specially structured for special segments such as Women and Children. We shall present information on various schemes through this site. You can Click the links on the left to browse through the information available at this point of time. ICICI Prudential offers a variety of policies that give you the benefits of protection and the opportunity to save for important assets or events, like a home, a car or a wedding.

. ICICI Prudential, a joint venture between ICICI and the UK-based insurance entity Prudential, was among the first private sector life insurance companies to receive regulatory approval late last year. Since then, ICICI Prudential has launched a handful of products that are analysed below: ICICI Prudential's life insurance products may be loosely categorised under three forms: pure life insurance products without an investment angle to them; a product that is a mix of a cumulative investment scheme and an insurance product; and, finally, standard products such as money-back and endowment policies. Single Premium Bond: The Single Premium Bond is the name of a policy that combines the features of an investment in a cumulative deposit scheme with that of an insurance product. Policy-holders are required to pay a one-time premium based on a target sum assured. At maturity, the policy-holder gets the sum assured and guaranteed additions that work out to a compound return of 4.5 per cent the sum assured. The insurance part of the package comes in the form of death benefits that are paid in the case of the demise of the policy-holder. The size of the death benefit is linked to the number of years left for the policy to expire. On maturity date, the maturity value is also paid in addition to the death benefits that would have been paid earlier. Life Guard policies: The company offers two pure life insurance products that have an umbrella name, Life Guard. One of them involves a one-time premium for which there are no maturity benefits. The other requires regular premium payments that are returned at the end of the policy. Life Guard offers absolutely no investment-related return and is suitable for individuals looking for an unadulterated insurance package.

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