term life insurance review
ICICI Prudential
“Why waste time say lot word, when few word do trick?”
Dependable term option for buyers prioritizing service network and brand confidence.
- Overall score 8/10
- Top fit: brand-trust-seekers
- Compare plan-level pages before purchase.
Quick Facts
Founded
2000
Headquarters
Mumbai, India
Ownership
ICICI Bank and Prudential Corporation Holdings (Prudential plc)
Official Website
iciciprulife.com ↗Score breakdown
Claim settlement statistics
We do not publish a claim settlement percentage for ICICI Prudential unless we can source it. Read our rating methodology for how these feed our scores.
Claim Settlement Ratio
Check the latest published claim settlement ratio
High settlement indicates reliable payout.
Formula & sourceComplaints Ratio
Check recent policyholder complaints before buying
Lower values indicate better customer support.
Formula & sourceIndustry benchmark
In FY 2024-25, general and health insurers together paid 87.5% of all health claims they handled by number, repudiated 7.92% and had 4.58% outstanding at year end. By amount, only 71.14% of the money claimed was paid; 13.98% was disallowed under policy terms (deductions such as room-rent limits and non-payable items). Source: IRDAI Annual Report 2024-25, Table I.29. These shares use all claims handled as the base, so they run slightly lower than the settlement ratio we compute for each insurer.
Three numbers that get confused
Claim settlement ratio
Claims settled as a share of claims registered. Count-based, so many small settled claims can flatter it.
Settled within 3 months
A speed measure, not a payout measure. Often quoted because it looks higher.
Incurred claim ratio
Claim amount paid against premium collected. A different thing entirely, and frequently mislabelled as settlement ratio.
We take ratios from IRDAI publications and insurer statutory filings, never from insurer marketing, and show each year separately rather than blending them. See our metric definitions and benchmarks for the formula behind each figure, or go straight to the primary sources: IRDAI annual reports and insurer public disclosures.
All plans
iProtect Smart
8.1/10Well-rounded term plan with clear core protection positioning.
Rs 11k-24k
Pros and cons
Pros
- Strong institutional backing
- Good digital and policy management flows
Cons
- Premium can be above low-cost alternatives
- Some riders require careful comparison
Compare ICICI Prudential head-to-head
Who this is for
Our verdict on ICICI Prudential
tldr.money editorial score: 8.0/10
Dependable term option for buyers prioritizing service network and brand confidence.
This is our own editorial assessment, not a customer rating. We do not publish testimonials and we are not paid for placement. See how we score insurers for the inputs and their limits.
FAQ
Should I shortlist ICICI Prudential?
It can be, but shortlist it with at least two competitors and compare plan-level exclusions before buying.
Which ICICI Prudential plan is top pick?
Use the plan cards above to review score, verdict, and segment fit before finalizing.
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