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ICICI Prudential Life Insurance Claim Settlement

Claim Settlement of ICICI Prudential Life Insurance

The Claim Settlement Ratio (CSR) of ICICI Prudential Life Insurance indicates the proportion of claims the company successfully settles compared to the total claims it receives over a certain period, usually a year. It is an important indicator of ICICI Prudential's reliability and efficiency in resolving policyholder claims.


If an insurer has a high claim settlement ratio, it means they are reliable and will keep their promises, which gives policyholders peace of mind. This metric helps policyholders compare different insurance companies by showing their operational efficiency and customer satisfaction. Customers prefer ICICI Prudential because of its consistent performance and dedication to their happiness, making it a reliable insurance option.



Claim settlement Ratio of ICICI Prudential Life Insurance

At 99.17%, ICICI Prudential Life Insurance has a very high claim settlement ratio, signifying that it is dedicated to handling and fulfilling almost all the valid claims it receives. These numbers show that ICICI Prudential Life is committed to transparency, customer priority, and satisfaction. This high rate of claim settlement also builds customer trust by assuring them that their claims will be handled quickly. It also enhances the company's reputation and credibility in the insurance industry.

Financial Year

Insurer Name

CSR

FY 2024

ICICI Prudential Life Insurance

99.17%

Source: ICICI Prudential website



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ICICI Prudential Life Insurance Claim Initiation

Are you looking for any assistance in initiating your claim process with ICICI Prudential Life Insurance? If so, follow the steps mentioned below:

How to File a Claim?


Step 1: Contact ICICI Prudential Life


To contact ICICI Prudential Life Insurance to file a claim, you have several options: call, email, or send them an SMS. Also, if your policy was purchased through InsuranceDekho, feel free to reach out to us for assistance.


Step 2: Gather Your Documents


Gather all necessary documents, including the completed claim form, policy documents, medical reports (if applicable), the death certificate (for life insurance claims), and any other relevant required documents.


Step 3: Fill the details in the claim form


Complete the claim form that ICICI Prudential Life provides. This form will request information about the policyholder, the type of claim, and other supporting information. Make sure you fill it out accurately and thoroughly.


Step 4: Claim Submission


After filling out the form, submit the completed application and the necessary supporting documentation to ICICI Prudential Life Insurance Company.


Step 5: Keep in Touch


Maintain constant communication with your customer support team regarding the status of your claim and track the progress.



Details to be Filled in the ICICI Prudential Life Claim Form

You are required to provide the following details when completing the claim form provided by ICICI Prudential Life:


  • Information About the Policyholder: You need to keep all the details, including the policy number, complete name, address, and contact information (such as phone number and email), available with you. The insurer uses these details to identify your policy and get in touch with you as required.


  • Claim Type: The nature of the claim must be defined, including whether it is for a critical illness, maturity, or death.


  • Details of Claimant: If you are the nominee or beneficiary and not the policyholder, you are required to provide your claimant information, which includes your relationship with the insured or the policyholder.


  • Claim Contingency: Specify in brief detail the circumstances that led you to file the claim. For example, when filing a death claim, include the date and reason for the death. Define the diagnosis and medical treatment received for the critical illness claim.


  • Attached Documents: Certain supporting documents are required to support your life insurance claim. In addition to medical reports, policy documents, death certificates, and any other relevant documents may also include medical certificates.

Claim Process of ICICI Prudential Life Insurance

The following describes the claim procedure at ICICI Prudential Life Insurance Company:


Step 1: Inform the insurance company of the accident/death immediately. You can do this by emailing, calling, leaving an SMS, or visiting your nearest ICICI Prudential branch.


Step 2: Verify your policy information twice before filing your claim online. Also, when filing a claim offline, make sure that the claim form is downloaded, filled out, completed, and duly signed at all appropriate places.


Step 3: Enter the required information about the policyholder for online claims. If offline, collect all the required documents for your claim.


Step 4: If you are the nominee and claiming online, include your information on the claim form. To file a death claim offline, simply provide the required documents.


Step 5: The ICICI Prudential Life team will review all the submitted documents to ensure that they comply with the terms and conditions of your policy. Please note that if more documents are required, your insurer will let you know quickly.


Step 6: Once you provide all the required documents with a written claim request at the nearest branch or claims cell office, your claim is formally registered.



How to Check the ICICI Prudential Life Insurance Claim Status?

Online


Step 1: Visit the ICICI Prudential Life Insurance website and select the “Claims” section to track the status.


Step 2: To track the status of your claim, Select “Track Claim status” and provide your Claim ID Number.


Step 3: Now hit the “Submit” button. You may now access information regarding the status of your claim.


Step 4: You can also mail them to claimsupport@iciciprulife.com.

Offline


You can find out about the status of your claim in a few different ways that do not involve going online. To get in touch with ICICI Prudential Life Insurance Company, call their customer service line at 24x7 claim number - 1860 266 7766 (within India) or 80693 85555 (outside India), or send an SMS “ICLAIMPolicy No” to 56767. You can also choose to go to the nearest branch office of ICICI Prudential Life Insurance.

Alternate Method


You can call us at 755 1196 989 or email us at support@insurancedekho.com if you bought your ICICI Prudential Life Insurance policy through InsuranceDekho. We will help you check on the status of your claim by calling ICICI Prudential Life Insurance Company.



ICICI Prudential Life Insurance Claim Settlement Time

When things are tough, getting your insurance claim settled quickly can be very helpful. ICICI Prudential Life offers a one-of-a-kind service called the 1-Day Death Claim Settlement, which lets policyholders get their claims processed and paid within 24 hours. If the claim is not settled within 24 hours, they pay interest on the full amount of the claim for every day that passes.

Tips to Get Your Claim Settlement Faster


To speed up the process of getting your ICICI Prudential Life Insurance claim paid, you must follow these steps:


  • Regular Check-Ins: Talk to your insurance company on a regular basis to see how your claim is going. Ask for an update on the status of your claim by calling or leaving them an email.


  • Understand the policy: Learn about the terms and conditions of your ICICI Prudential Life Insurance Plan. Knowing the details of the coverage can help avoid confusion and speed up the claim process.


  • Demand Help: If you run into any problems or delays, do not be afraid to get in touch with customer service or take the issue to higher levels of management at ICICI Prudential Life Insurance Company.


  • Honesty and Transparency: When you file your claim, you should always be honest and open. Being dishonest could make processing a claim more difficult and take longer than expected.


  • Get it Right: When you submit your claim, make sure you give accurate and complete information. Mistakes or missing information can slow down the claim processing time.


  • Document Submission on Time: You must promptly send in all necessary documents, such as claim forms, medical reports, receipts, and other important papers.

ICICI Prudential Life Insurance Claim Assistance & Support

We at InsuranceDekho are committed to helping policyholders of ICICI Prudential Life Insurance every step of the way. Our customer support team is 24x7 available for you, whether you need help filing a claim or have any questions about your policy.


This is how you can contact us:


  • Contact Us: Call our customer service number at 755-1196-989. This helpline number is open 24 hours a day, excluding national and holiday holidays. You can call us at any time, and our team will be happy to help you with any questions or concerns you have about your policy or claims.


  • Send Us an Email: If you would rather talk to us by email, you can email us at support@insurancedekho.com. Our team will get back to you right away with the information you need.

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  • Easy Processs

    I am thankful to InsuranceDekho for helping me buy the ICICI Prudential Life Insurance plan. The policy purchasing process was easy and smooth. The customer support team was good and friendly. They made my life insurance purchasing process easy and simple. Thank you all!

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    ICICI Prudential
    By Aniket Singh
    On: Feb 01, 2024
  • Great Services

    Thank you, InsuranceDekho, for helping me buy a life insurance policy with ease. My experience of buying the ICICI Prudential Life Insurance from InsuranceDekho was great. I am impressed with the supporting customer team. Firstly, I was not sure whether to purchase a life insurance policy online. Now, I recommend InsuranceDekho to everyone to purchase a life insurance policy online.

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    ICICI Prudential
    By Naveen Sharma
    On: Dec 06, 2023
  • The plan can be bought on any ...

    With a 24*7 service, it was easy for me to buy the ICICI Prudential Insurance Policy on any day of the week. Before buying, I first understood the process and only then proceeded with the purchase of the plan. 

    R
    ICICI Prudential
    By Rakesh Dubey
    On: Nov 21, 2023
  • Regular Policy Updates

    InsuranceDekho kept me informed about any updates or changes to my ICICI Prudential Insurance Policy. This proactive communication helped me stay on top of my coverage details.

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    By Dhanvijay rathore
    On: Nov 16, 2023
  • Efficient Policy Renewal

    Renewing my ICICI Prudential Insurance Policy with InsuranceDekho is efficient and hassle-free. They send timely reminders, and the renewal process is straightforward. The only thing that could improve it is more flexibility in policy term lengths.

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    ICICI Prudential
    By Nandini Garg
    On: Oct 16, 2023

Claim Process at ICICI Prudential Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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FAQs

  • Where can I submit the documents of the claim?

    You can upload the documents online in the claim section of the ICICI Prudential Life Insurance website, www.iciciprulife.com or you can submit the documents at the claim desk of any of the listed branches of ICICI Prudential Life Insurance. To locate the nearest branch, visit, www.iciciprulife.com/branchlocator

  • Who receives the claim benefit?

    The claim benefit can be received by:

    • The nominee you appoint while you purchase the insurance policy or the guardian in case of a minor nominee.
    • The proposer is also known as the policyholder.
    • An assignee is a person in whose favour the policy has been assigned in case the policy is assigned.
  • What is the right time to report a claim?

    In case of a disability claim, you can report the claim within 120 days from the date of the disability. In case of critical illness or major surgery, the claim is to be reported within 60 days from the date of diagnosis or surgery.

  • What happens when the nominee dies?

    In the absence of a nominee, your family members will have to produce proof establishing their right to claim the policy benefit. 

  • What can cause the decline of a claim?

    A claim will be declined if it does not abide by the following:

    • Declaration and authorisation which were provided at the time of policy agreement and inception, as specified in the form of application
    • Terms and Conditions mentioned in the policy document.

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