Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Life Insurance from ICICI Prudential

Life Insurance means peace, security and support for your loved ones when you are not around to take care of them. If you have bought a personal loan, you do not want it to be a burden on your family in case you are not around. A life insurance gives a financial security to people who mean the world to you. Keeping your benefits in mind, SMFG India Credit associates with ICICI Prudential Life Insurance Company Limited, to offer you a range of life insurance policies.

Company Overview

ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited that was established in 2001. It is a prominent player in the Indian life insurance sector, with Assets Under Management (AUM) of Rs. 2,664.20 billion as of June 30, 2023. On a retail weighted received premium basis (RWRP), it has consistently been ranked amongst the top companies in the Indian life insurance sector.

At ICICI Prudential Life, we operate on the core philosophy of customer-centricity. We offer long term savings and protection products to meet different life stage requirements of our customers. We have developed and implemented various initiatives to provide cost-effective products, superior quality services, consistent fund performance and a hassle-free claim settlement experience to our customers.

In FY 2015 ICICI Prudential Life became the first private life insurer to attain assets under management of Rs.1 trillion. ICICI Prudential Life is also the first insurance company in India to be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

Values: The way we do things

Our core Values are Customer First, Humility, Passion, Integrity, and Boundarylessness. Values guide our actions and define the way we work. We encourage all our colleagues to exemplify and role model the Values.

  • Customer First: Keep customers at the center of everything we do
  • Humility: Be open to learn and change
  • Passion: Demonstrate infectious energy to win and excel
  • Integrity: Do the right thing
  • Boundarylessness: Treat organisation agenda as paramount


Term insurance is a type of life insurance that provides coverage for a specific period of time or years. This type of life insurance provides financial protection to the nominee in case of any unfortunate event with the policyholder during the policy term. Term Insurance policies provide high life cover at lower premiums. For e.g.: Premium for ₹ 1 Crore Term Insurance cover could be as low as ₹ 441* p.m. These fixed premiums can be paid at once or at regular intervals for the entire policy term or for a limited period. Premium amount varies basis the type of the premium payment method opted by the buyer.


Health insurance plans reimburse insured customers for their medical expenses, including treatments, surgeries, hospitalisation and the like which arise from injuries/illnesses, or directly pay out a certain pre-determined sum to the customer. A health insurance policy offers coverage for any future medical expenses of the customer.  This is an agreement between the insurance company and the customer where the former agrees to guarantee payment/compensation for medical costs if the latter is injured/ill in the future, leading to hospitalisation. In most cases, insurance companies have tie-ups with a network of hospitals, thereby ensuring cashless treatment for patients there.

WHAT IS ULIP (Unit Linked Insurance Plan)?

ULIP or Unit Linked Insurance Plan is a type of Insurance, which combines the benefits of protection and saving in a single plan. The major advantage that a ULIP has over the traditional wealth creation tools is the benefit of a Life Cover. As a result, your money can grow and at the same time, your loved one’s future is protected from life's unexpected turns.


Savings plans are financial products designed to enable disciplined savings while delivering steady returns that help you achieve your financial goals. As they are primarily a life insurance product, these plans also ensure the financial security of your loved ones in case something happens to you.

  • Maturity benefit: Savings plans come with an assured maturity benefit. This brings certainty to your savings. Some of the best savings plans also offer guaranteed additions & bonuses that enhance the maturity corpus, thus helping you to achieve your financial goals faster.
  • Steady returns: Savings plans offer steady and safe returns. These returns are risk-free, which means you do not lose the money that is committed to you at the time of policy inception, provided you pay all premiums on time.
  • Flexible premium payment: Savings plans allow you to pay the premium monthly, quarterly, half-yearly or annually, as per your convenience.
  • Life cover: A savings plan comes with a life cover and provides financial security to your dear ones in case something unfortunate happens to you.


Retirement Plans are a category of life insurance plans that are specially designed to meet your post-retirement needs such as medical and living expenses. To ensure that you can enjoy your golden years with financial independence, these policies help you plan for your expenses and secure your future.



IRDAI is not involved in activities like selling Insurance policies, announcing bonus, or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.


SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) is a corporate agent of ICICI Prudential Life Insurance Company Limited with Corporate Agency License No: CA0098. Megh Towers 3rd Floor Old No 307, New No 165, Poonamallee High Road, Maduravoyal Chennai, Tamil Nadu, Postcode 600095. Insurance is a subject matter of the solicitation. Kindly note that “Insurance” and/or any “Third-Party Products” (TPP) are not mandatory for the purpose of application and disbursement of the loan. It shall be the sole discretion of the customer to avail such insurance and/or any Third-Party Products along with the loan.