I had taken ICICI Pruduential Pension policy in 2006. I had paid the required amount in 2006 and thanks to stock market boom the amount had appreciated. I did not pay the premium and ICICI continued the polocy without any complaint.
In 2011, suddenly they decided to fore-close my policy and shot a letter to me that your policy is closed without any courtesy of mentioning the specific terms and conditions nor sending any intimation. The letter mentioned my nav as 20000 and they refunded 5000 cheque. What were remaining 15000 accounted for. No mention of that.
Moral of the story, stay away from ICICI.