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| Home » Best Life Insurance Companies in India » ICICI Prudential |
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ICICI Prudential |
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ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc. ICICI is one of the India's leading financial services companies and Prudential plc is a leading international financial services group based in the England. Total capital of ICICI Prudential infusion stands at Rs.2602 crore, with ICICI Bank holding a stake of 74% and Prudential plc holding the rest 26%.
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ICICI Prudential Life Insurance Company began their business in December 2000 after getting approval from Insurance Regulatory Development Authority (IRDA). At present, the nation-wide team of ICICI Prudential comprises of over 680 offices, over 235,000 insurance and financial advisors and 23 bank assurance partners.
ICICI Prudential was the first life insurance company in India to receive a National Insurer Financial Strength rating of AAA (Ind) from Fitch ratings. To add to its credit, ICICI Prudential has been voted as the Most Trusted Private Life Insurer in India by The Economic Times - AC Nielsen ORG Marg survey of Most Trusted Brands. In fact, ICICI Prudential is getting this award for three years in a row. As this life insurance company in India grow their distribution, product range and customer base, they continue to uphold their commitment to deliver top class financial solutions and services to customers all over the country.
ICICI Prudential life insurance plans can be categorized into four types. You can choose any of the life insurance plans on the basis of which stage of life you are in and your corresponding insurance needs. The plans are:
- Education Insurance Plans
- Wealth Creation Plans
- Premium Guarantee plans
- Protection Plans
Wealth Creation Plans offers the customer the dual benefit of protection along with higher returns of market-linked instruments. Education Insurance plans of ICICI Prudential ensure that in case of unfortunate event of the death of a parent, the child's education is continued. Premium Guarantee plans are very suitable insurance-cum-investment option for customers who like to get higher returns of a market linked instrument, but not taking the market risk. Protection Plans serve the protection needs of the customer and safeguard the family from the financial implications of unfortunate circumstances than cannot be predicted beforehand.
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