ICICI Prudential Life Insurance plans can be categorized into Protection Plans, Wealth Creation Plans and Education Insurance Plans. Various plans available in the life insurance segment include Term Plans, Endowment Plans, Whole Life Plans, Money Back Plans, Child Plans, Pension or Retirement Plans, Unit-linked Insurance Plans or Ulips etc.
The core benefit of life insurance plan is that it ensures that your family gets financial support, even in your absence. Life insurance plans also help you enhance your investment so that you can use it in the future to buy a new car, pay for your child’s education, marriage etc, or even to retire comfortably.
Life insurance is an important investment and hence it is good to know how efficiently an insurance company deals with or resolves complaints. Below is the data of all insurance complaints of ICICI Prudential Life Insurance for the period April to September 2011. These complaints are categorized into sales, new business, policy servicing, claims and others. Total number of complaints received during the stated period is 14,790 plus 826 from the period before. At the end of this period the company resolved 15,526 complaints and 90 complaints remained unresolved or pending.