³A Life Assured shall be regarded as Terminally Ill only if that Life Assured is diagnosed as suffering from a condition which, in the opinion of two independent medical practitioner’s specializing in treatment of such illness, is highly likely to lead to death within 6 months. The terminal illness must be diagnosed and confirmed by medical practitioner’s registered with the Indian Medical Association and approved by the Company. The Company reserves the right for independent assessment.

²A discount as follows will be offered on first year’s premium of Death Benefit, Terminal Illness and Waiver of Premium on permanent disability (excluding rider premiums, underwriting extra premiums and taxes) to salaried customers opting for sum assured greater than or equal to ₹15,000,000:

Premium Payment Option	Discount
Limited Pay	15%
Regular Pay	10%

^+- Inflation Rate (All India): 5.02% as on September 2023

^`=The online discount percentages vary according to age, policy term , premium payment term and sum assured chosen by the customer and can range between 2%-5%. The exact 5% discount appears at the following scenario: ICICI Pru iProtect Smart for ₹1 Crore of life cover for a 35 year old healthy non-smoker male (occupation: non-salaried) for a policy term of 40 years with regular pay and lumpsum payout option. The offline annual premium exclusive of taxes will be ₹20,520 & online annual premium exclusive of taxes will be ₹19,440.

^EStaff discount is offered on each year’s offline premium to employees of ICICI Prudential Life Insurance Company Limited and the employees of the associate companies of ICICI Bank Limited.This discount will be as follows:

Premium Payment Option	Premium Payment Term	Discount
Single Pay	NA	2%
Limited Pay, Regular Pay	Up to 10 years 10 years and above	8% 10%

⁵In case of permanent disability due to an accident, all future premiums are waived off and the life cover continues for the remaining policy duration. This benefit comes in-built in your term insurance policy without any extra cost to you. To know more about definitions, terms & conditions applicable for permanent disability due to accident, kindly refer sales brochure of ICICI Pru iProtect Smart.

⁶Policy issuance is also subject to individual case eligibility criteria.

⁷Savings in yearly mode of premium payment are in the form of Modal Loadings. For monthly and Half-yearly mode of premium payment, modal loadings are 2.5% and 1.25% respectively.

⁸Our Life insurance policies cover COVID-19 claims under life insurance claims, subject to applicable terms and conditions of policy contract and extant regulatory framework. COVID-19 is not included in Critical Illness benefit covered under IProtect Smart.

⁹Accidental Death benefit (ADB) is up to ₹2 crores(Subjected to underwriting guidelines). ADB is available in Life Plus and All in One options. In case of death due to an accident Accidental Death Benefit will be paid out in addition to Death Benefit. Accidental Death Benefit will be equal to the policy term or (80-Age at entry), whichever is lower.

¹¹The premium for a 21-year-old non-smoker healthy male (occupation: non-salaried) with a life cover of ₹2 crore under the Life Option with lump-sum payout option for a policy term of 19 years under Regular Pay is ₹889pm (exclusive of all taxes. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

¹²Additional premium will be calculated based on the increased Sum Assured and outstanding policy term as per your age at the time of each such increase.

^!aLife cover is the benefit payable on the death of the Life Assured during the policy term.

¹⁴The premium savings of Rs 7,57,980 has been calculated by taking a difference in the total premiums to be paid by a 35-year-old healthy male life (occupation: non-salaried) if he chooses 5 years Limited Pay option versus if he chooses regular pay option, for a policy term of 50 years with income payout option with Life Cover of Rs 1 crore in both the scenarios. The monthly premium for 5 years for limited Pay option will be ₹10,907. The monthly premium for regular Pay option will be ₹2,354. The premium amounts are inclusive of taxes.

¹⁵Documents may be required based on assessment of case.

¹⁸Data regarding AUM is as per Annual Report 2021-2022. Please refer to the same for further details.

²⁰To read the full article, click Source: https://www.thehindubusinessline.com/money-and-banking/term-insurance-premium-set-to-rise-as-reinsurers-tighten-norms-due-to-pandemic/article36790831.ece

^2aThe premium of ₹460 p.m. has been approximately calculated for a 18-year-old healthy male life (occupation: non-salaried) with monthly mode of payment and premiums paid regularly for the policy term of 31 years with income payout option (income for 20 years) with Life Cover of ₹1 crore. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

^4aThe premium of ₹579 p.m. has been approximately calculated for a 18 year old healthy male (occupation: non-salaried) for a life cover of ₹1 crore and an accelerated critical illness cover of ₹10 lakh under the Life & Health Option for a regular income payout option (income for 20 years) for a policy term of 32 years (exclusive of all taxes). Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

^8aThe monthly premium of ₹309 is for a 18-year-old healthy non-smoker male (occupation: non-salaried), paying premiums regularly for 20 years for a life cover of ₹50 Lakh and death benefit payout option as income (income for 10 years). The premiums are exclusive of taxes.

^9aThe above monthly premium is for a 18 year old healthy non-smoker male (occupation: non-salaried), paying premiums regularly for 19 years for a life cover of ₹1 crore and death benefit payout option as income. The premiums are exclusive of taxes.

^εData regarding volume of claims is as per IRDAI Annual Report 2021-2022. To read the full article, click Source: Status of Individual Death Claims of Life Insurers https://irdai.gov.in/document-detail?documentId=1632108

^††The 24% percentage has been calculated by comparing the premium for a 45-year-old healthy male (occupation: salaried) and 45-year-old healthy female (occupation: salaried), for a life cover of ₹1 crore & an accelerated critical illness benefit of ₹10 lakh for a policy term of 24 years for a monthly income payout option (till 30 years) for a regular premium pay mode. The premium (inclusive of taxes) for this case for the male is ₹37,158 per annum (₹3,172 per month) and for a female is ₹28,176 per annum (₹2,406 per month). Flat 15% lifetime premium discount for women on life cover.

^FThe 15% percentage has been calculated by comparing the premium for a 20-year-old healthy male (occupation: salaried) and 20-year-old healthy female (occupation: salaried), for a life cover of ₹1 crore for a policy term of 26 years for a monthly income payout option (till 30 years) for a regular premium pay mode. The premium (inclusive of taxes) for this case for the male is ₹ 481 per month and for a female is ₹ 410 per month. Flat 15% discount is applicable for females for across all sum assured, Policy Term , Premium Payment Term and age combinations. The discount is only available on the base premium.

^†cThe 19% percentage has been calculated by comparing the premium for a 31-year-old healthy male (occupation: salaried) and 31 year old healthy female (occupation: salaried), for a life cover of ₹1 crore & an accelerated critical illness benefit of ₹10 lakh under Life & Health option for a policy term of 25 years for a monthly income payout option for 30 year & for a regular premium pay mode. The premium (exclusive of taxes) for this case for the male is ₹871 per annum and for a female is ₹704 per annum. Flat 15% lifetime premium discount for women on life cover.

^°aThe first year premium of ₹677 p.m. (less than ₹23 per day) has been approximately calculated for a 18-year-old healthy male(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 48 years with income payout option (income for 30 years) with Life Cover of ₹1 crore. The premium amount is inclusive of taxes. For the above selected premium, customer will be able to avail 5% lifetime online discount and 30% lifetime discount on premiums due to monthly income payout.

^K1You can choose to increase the Death Benefit at the key milestones of marriage and child birth/ adoption of child, provided no claim has been admitted for any benefits under the policy and the policy is in force.

On exercising the option, You will have to pay an additional premium for the additional Sum Assured for the outstanding term of the policy based on your then age. This feature is available only with Regular premium payment option. Such increase in sum assured is only applicable to base death benefit. The ACI Benefit and AD Benefit will remain unchanged.

Event	Additional Death Benefit (percentage of original Sum Assured)	Subject to maximum additional Death Benefit
Marriage	50%	₹ 50,00,000
Birth / Legal adoption of 1st child	25%	₹ 25,00,000
Birth / Legal adoption of 2nd child	25%	₹ 25,00,000

⁼⁼For IPS POS there is waiting period of 60 days for death benefit.

^#Subject to realization of payment and documents. Policy can be purchased in 3 steps: 1. Generating premium quote 2. Filling basic details and answering health related questions 3. Premium payment.

^!zThe first year premium of ₹1,144 p.m. has been approximately calculated for a 25-year-old healthy male(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 25 years with income payout option (income for 30 years) with Life Cover of ₹3 crore. The premium amount is inclusive of taxes. For the above selected premium, customer will be able to avail 5% lifetime online discount, 10% salaried discount for regular pay on 1st year premium and 30% lifetime discount on premiums due to monthly income payout.

^!fThe first year premium of ₹680 p.m. (less than ₹23 per day) has been approximately calculated for a 20-year-old healthy male(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 20 years with income payout option (income for 30 years) with Life Cover of ₹2 crore. The premium amount is inclusive of taxes. For the above selected premium, customer will be able to avail 5% lifetime online discount, 10% salaried discount for regular pay on 1st year premium and 30% lifetime discount on premiums due to monthly income payout.

^!yThe above monthly premium of ₹645 p.m. is for a 18-year-old healthy non-smoker male (occupation: salaried) paying premiums regularly for a policy term of 19 years and life cover of ₹1.5 Crore with death benefit payout option as regular income (income for 10 years). The above premium is online and inclusive of taxes.

^!vThe first year premium of ₹570 p.m. (₹19 per day)  has been approximately calculated for a 20-year-old healthy male(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 20 years with income payout option (income for 30 years) with Life Cover of ₹1.5 crore. The premium amount is inclusive of taxes.

^{^}Tax benefit of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

^~Claim statistics are for Financial Year FY2021-22 and is computed on individual basis claims settled over total individual claims for the financial year. For details, refer to Source: https://www.iciciprulife.com/content/dam/icicipru/about-us/FinancialInformation/AnnualReports/FY2022-AnnualReport.pdf

^>1 Day is a working day, counted from the date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays /Bank holidays/Public holidays.

• a)  All due premiums in the policy have been paid and the policy has been active for 3 consecutive years preceding life assured’s death.
• b)  Mandatory documents to be submitted at Branch Office- Claimant statement form, Original policy certificate, Copy of death certificate issued by local authority, AML KYC documents- Nominee’s recent photograph ,Copy of Nominee’s pan card, Nominee’s current address proof, photo identity proof, Cancelled cheque/ Copy of bank passbook, Copy of medico legal cause of death, Medical records (Admission notes, Discharge / Death summary, Test reports, etc.), For accidental death - Copy of FIR, Panchnama, Inquest report, Postmortem report, Driving license.
• c)  Total claim amount of all the life policies held by the Life Assured <=₹1.5 Crore.
• d)  Claim does not require any on-ground investigation.

1 Day is a working day, counted from date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays/Bank holidays/Public holidays. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations. Under ULIP policies, if claim is submitted prior to 3 pm then the claim will be considered under Claim For Sure on the same day. If claim is submitted post 3pm or if the policy is inactive at the time of claim notification then the claim will be considered under Claim For Sure the next day as per availability of NAV.

^`As per ICICI Prudential Annual Report 2022-23: Financial Statements (Schedule 4- Benefits paid (Gross))of the company, benefits paid since inception up to March 31, 2023.

^¶Calculation of 85 years is based on the existing life years , that is, 85 years of age minus your current age. There are also other option for payment that is 7 pay, 10 pay, RP, 60 year-Age and PT – 5 year . For more details please refer product brochure.

^°The policyholder will have an option to cancel the Policy and receive Smart Exit Benefit, equal to Total Premiums Paid under the Policy. The following conditions are applicable for availing Smart Exit benefit:

• ● This option can be exercised in any policy year greater than 25 but not during the last 5 policy years, provided the age of the life assured is 60 years or more at the time of exercise.
• ● The Policy is in-force with all due premiums paid at the time of exercising this option.
• ● No claim for any of the underlying benefits has been registered and is under evaluation/ or accepted/ or paid/ being paid on the Policy.

Where, Total Premiums Paid means the total of all premiums received, excluding any extra premium, any rider premium and taxes. In case the benefit term for additional benefit(s), for which additional premium has been paid, has expired at the time of exercise of Smart Exit Benefit, then Total Premiums Paid shall exclude the premium paid towards such additional benefit(s). Please refer to sales brochure for more details.

^S1Total Premiums Paid means the total of all premiums received, excluding any extra premium, any rider premium and taxes. In case the benefit term for additional benefit(s), for which additional premium has been paid, has expired at the time of exercise of Smart Exit Benefit, then Total Premiums Paid shall exclude the premium paid towards such additional benefit(s).

^\Nothing here in contained shall operate to destroy or impede the right of any creditor to be paid out of the proceeds of any policy of assurance, which may have been effected with intent to defraud creditors. In case of any third party claim in the Courts of India with regards the insurance proceeds, the amount shall be subject to the judiciary directions. Please seek professional legal advice for the applicability of this provision.

^&&ICICI Pru iProtect Smart offers four variants namely ‘Life’, ‘Life plus’, ‘Life and health’ and ‘All in One’ with difference benefits. “All in One” is one of the four variants offered under iProtect Smart having all benefits offered under other ICICI Pru iProtect Smart variants namely Life, Life plus and Life & health. The customer can choose any one variant from the four available variants. Please refer to the product brochure for more details.

^%77.1 Mn lives covered across our individuals and group customers as per ICICI Prudential Annual Report 2022-23. Please refer to Public Disclosure section on ICICI Prudential website for more details.

^$$As per Internal Data of policies sold for Product: ICICI Pru iProtect Smart from Apr’23-Mar’24 in the BOL Channel.

^<The rising cost of cancer care www.canceraid.com/blog/rising-cost-of-cancer-care

⁼⁼For IPS POS there is waiting period of 60 days for death benefit.

⁺⁺The premium for a 19-year-old non-smoker healthy male (occupation: non-salaried) with a life cover of ₹1.5 crore under the Life Option with regular income payout option (Income for 20 years) for a policy term of 34 years under Regular Pay is ₹640 pm (exclusive of all taxes. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

⁺⁺⁺Based on number of policies sold online between April 2021- March 2022, 35% of our online customers purchase the optional critical illness benefit rider with their policy.

^##Accelerated Critical Illness benefit(ACI benefit) is upto 1 crore (Subjected to underwriting guidelines). Accelerated Critical Illness Benefit (ACI Benefit) is optional and available under Life & Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. Medical documents confirming diagnosis of critical illness needs to be submitted. The benefit is payable only on the fulfillment of the definition of the diagnosed critical illness. The ACI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the ACI Benefit paid. The future premiums payable under the policy will reduce proportionately. If ACI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the ACI Benefit. To know more in about ACI Benefit, terms & conditions governing it, kindly refer to sales brochure. ACI Benefit term would be equal to policy term or 30 years or (75-Age at entry), whichever is lower.

^**The percentage saving computed is purely in terms of premium paid over the term (Difference between 5 years Limited and Regular pay) of the policy and does not account for time & other factors that may happen during this period. It is one of the many features that the product offers and you can opt for it based on your individual needs. The percentage saving is for ₹1 crore life cover for a 24-year-old healthy Male (occupation: non-salaried) for a policy term of 61 years with lump sum payout option. The monthly premium for 5 years for limited Pay option will be ₹7,464. The monthly premium for regular Pay option will be ₹1,769. The premium amounts are inclusive of taxes.

^/Tax benefit of ₹54,600 (₹46,800 u/s 80C & ₹7,800 u/s 80D) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of ₹1,50,000 and health premium u/s 80D of ₹25,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

^[?The premium of ₹1,127 p.m. has been approximately calculated for a 35 year old healthy male life (occupation: non-salaried) with monthly mode of payment and premiums paid regularly for the policy term of 25 years with income payout option (Income for 10 years) with Life Cover of ₹1 crore. Goods and Services tax and/or applicable cesses (if any) as per applicable rates is included.

^?/The premiums of ₹1,061 for a 35-year-old & ₹1,853 for a 45-year-old healthy non-smoker male (occupation: non-salaried) has been calculated for Regular Pay premium payment option with a policy term till 60 years of age under Life option with a life cover of ₹1 crore with Income payout option(income for 20 years). The above premiums are calculated for a month & are inclusive of taxes.

^!aLife Cover is the benefit payable on death of the life assured during the policy term.

^1bThe monthly premium of ₹460 is for a 18 year old healthy non-smoker male (occupation: non-salaried), paying premiums regularly for 19 years for a life cover of ₹1 crore and death benefit payout option as income. The premiums is exclusive of taxes.

^~`‘Increasing income’ is one of the four death benefit payout options available under ICICI Pru iProtect Smart. Under this option, the benefit amount is payable in monthly instalments for 10 years starting with 10% of the benefit amount per annum in the first year. The income amount will increase by 10% per annum simple interest every year thereafter. At any time, your beneficiary will have the option to convert all or some of his monthly income into a lump sum. The lump sum amount will be the present value calculated at a discount rate of 4% p.a. The premium for your policy will vary based on the Death Benefit payout option chosen.

^[~The premium of ₹644 is for a 25-year-old non-smoker healthy male (occupation: non-salaried) who has taken a life cover of ₹1 Cr and Accidental Death Benefit of ₹10 L and is paying premiums regularly for a policy term of 20 years with death benefit payout option as income (income for 20 years). The premium is for an online policy and inclusive of taxes.

^{^%}The above premium is for a 35-year-old, healthy non-smoker male (occupation: non-salaried) who has taken a life cover of Rs. 1 Cr and is paying premium of Rs. 929/month regularly for a policy term of 19 years with death benefit payout option as income. The premium is for an online policy and inclusive of taxes.

^!The premium of ₹899 p.m. has been calculated for a 18-year-old healthy male life (occupation: non-salaried) with monthly mode of payment and premiums paid regularly for the policy term of 19 years with income payout option(income for 30 years) with Life Cover of ₹1 crore, critical illness cover of ₹20 lakh and accidental death benefit cover of ₹50 lakh. The premium amounts are inclusive of taxes.

^//As per Internal Data of policies sold for Product: ICICI Pru iProtect Smart from Apr’21-Dec’21 in the BOL Channel

^///As per Internal Data of policies sold for Product: ICICI Pru iProtect Smart from July’21-Dec’21 in the BOL Channel

^{^^}As per internal data of users who have visited iciciprulife.com in the month of November, 2019 and checked their premium for term insurance product, iProtect Smart.

^{^*}The premium for a 30-year-old non-smoker healthy male (occupation: non-salaried) with a life cover of ₹3 crore under the ICICI Pru iProtect Smart – Life Option with income payout option (Income for 30 years) for a policy term of 30 years under Regular Pay is ₹1,794 pm (inclusive of all taxes).

⁾⁽The above premium for Accidental Death Benefit is for a 20 year old non-smoker healthy male (occupation: non-salaried) who has taken a life cover of ₹2 crore and an Accidental Death Benefit cover of ₹50 lakh under the Life Plus benefit option of iProtect Smart, paying premiums regularly for a policy term of 19 years with death benefit payout option as income for 10 years. The total policy premium (Life cover + Accidental Death Benefit cover) for the same scenario will be ₹1,166 pm (online premium and inclusive of all taxes).

^>>The premium for a term plan is dependent on factors like age, gender, Sum Assured. Policy Term etc. Keeping all other factors constant, the premium for younger ages is lower than that of higher ages.

^{*^}Source: Company BuyOnline Data-Apr 2021 till date

^☩☩Under the increasing monthly income plan, the benefit amount is payable in monthly instalments for 10 years starting with 10% of the benefit amount per annum in the first year. The income amount will increase by 10% per annum simple interest every year thereafter. This payout option gives 45% more life cover. For example, if your life cover is ₹1 Crore, then your family will receive ₹10 lakh in the first year, ₹11 lakh in the second year, ₹12 lakh in the third year and so on for 10 years. This way, at the end of the 10th year, the total life cover received will be ₹1.45 crore. This option is useful if you would like to account for inflation and the rising cost of living.

⁽⁽The premium for a 20-year-old non-smoker healthy male (occupation: non-salaried) with a life cover of ₹2 crore under the Life Option with income payout option (income for 30 years) for a policy term of 20 years under Regular Pay is ₹755 pm (inclusive of all taxes).

^[~he above premium is for a 25-year-old non-smoker healthy male (occupation: non-salaried) who has taken a life cover of ₹1 Cr and Accidental Death Benefit of ₹10 L and is paying premiums regularly for a policy term of 15 years with death benefit payout option as income. The premium is for an online policy and inclusive of taxes.

^``The above monthly premium of ₹400 is for a 18-year-old healthy non-smoker female (occupation: salaried) paying premiums regularly for a policy term of 30 years and life cover of ₹1.2 Crore under Life option with death benefit payout option as regular income (income for 30 years). The above premium is online and exclusive of taxes. Flat 15% lifetime premium discount for women on life cover.

^|||The premium of ₹268 per month has been calculated for a 25-year-old female (occupation: salaried) for a life cover of ₹50 lakhs under Life option for a policy term of 19 years for ICICI Pru iProtect Smart - Life Option for a regular income payout option (income for 30 years). The above premium is online and inclusive of taxes. Flat 15% lifetime premium discount for women on life cover.

^@The 17% percentage has been calculated by comparing the premium for a 20-year-old healthy male (occupation: salaried) and 20-year-old healthy female (occupation: salaried), for a life cover of ₹1.5 crore & an accelerated critical illness benefit of ₹20 lakh under Life & Health option for a policy term of 19 years for a monthly income payout option (till 30 years) for a regular premium pay mode. The premium (inclusive of taxes) for this case for the male is ₹727 per month and for a female is ₹605 per month. Flat 15% lifetime premium discount for women on life cover.

^°hThe premium of ₹268 per month has been calculated for a 25-year-old female (occupation: salaried) for a life cover of ₹50 lakhs under Life option for a policy term of 19 years for ICICI Pru iProtect Smart - Life Option for a regular income payout option (income for 30 years). The above premium is online and inclusive of taxes. Flat 15% lifetime premium discount for women on life cover.

^{^’}How much life cover do you need? Source: Economic Times. Click here : https://economictimes.indiatimes.com/wealth/insure/how-much-life-cover-do-you-need/articleshow/53037661.cms

^`" The premium of ₹367 per month has been calculated for a 18-year-old female (occupation: salaried) for a life cover of ₹1 Cr under Life option for a policy term of 19 years for ICICI Pru iProtect Smart - Life Option for a regular income payout option (income for 20 years) and is exclusive of all taxes. Flat 15% lifetime premium discount for women on life cover.

^|The 16% percentage has been calculated by comparing the premium for a 20-year-old healthy male (occupation: salaried) and 20-year-old healthy female (occupation: salaried), for a life cover of ₹1.2 crore & an accelerated critical illness benefit of ₹15 lakh under Life & Health option for a policy term of 24 years for a monthly income payout option (till 30 years) for a regular premium pay mode. The premium (inclusive of taxes) for this case for the male is ₹715 per month and for a female is ₹599 per month. Flat 15% lifetime premium discount for women on life cover.

^†The percentage saving computed is purely in terms of premium paid over the term (Difference between 10 years Limited and Regular pay) of the policy and does not account for time & other factors that may happen during this period. It is one of the many features that the product offers and you can opt for it based on your individual needs. The percentage saving is for ₹1 crore life cover for a 20-year-old healthy Male (occupation: non-salaried) for a policy term of 65 years with lump sum payout option. The monthly premium for 10 years for limited Pay option will be ₹4,354. The monthly premium for regular Pay option will be ₹1,667. The premium amounts are inclusive of taxes.

^!cMWPA: Nothing herein contained shall operate to destroy or impede the right of any creditor to be paid out of the proceeds of any policy of assurance, which may have been effected with intent to defraud creditors. In case of any third-party claim in the Courts of India with regards to the insurance proceeds, the amount shall be subject to the judiciary directions. Please seek professional legal advice for the applicability of this provision.

^`2Monthly income: This is one of the four available death benefit payout options and customer can choose any one of the death benefit payout options. Under ‘Income’ option, a percentage of the benefit amount is payable every year throughout the income term of 10, 20 or 30 years, as chosen at policy inception. This will be paid in equal monthly instalments in advance at a defined rate of death benefit amount. For income term of 10 years, 10% of the death benefit will be payable every year i.e. 0.83333% of death benefit will be payable as monthly in advance. For income term of 20 years, 5% of the death benefit will be payable every year i.e. 0.41667% of death benefit will be payable as monthly in advance. For income term of 30 years, 3.33% of the death benefit will be payable every year i.e. 0.27778% of death benefit will be payable as monthly in advance.

^*230% is the discount factor available if the policyholder opts for ICICI Pru iProtect Smart with death benefit payout option of ‘income’ with income duration of 30 years, as compared to the premium in death benefit payout option of lump sum. There are 3 income durations available within ‘income’ as death benefit payout option. With income duration of 10 years, the discount factor is 15%, with income duration of 20 years, the discount factor is 20%.

^!iThe first year premium of ₹575 p.m. (less than ₹20 per day) has been approximately calculated for a 19-year-old healthy male(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 26 years with income payout option (income for 10 years) with Life Cover of ₹1 crore. The premium amount is inclusive of taxes. For the above selected premium, customer will be able to avail 5% lifetime online discount and 10% lifetime discount on premiums due to monthly income payout.

^°bThe first year premium of ₹935 p.m. (less than ₹32 per day) has been approximately calculated for a 18-year-old healthy male(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 48 years with income payout option (income for 30 years) with Life Cover of ₹2 crore. The premium amount is inclusive of taxes. For the above selected premium, customer will be able to avail 5% lifetime online discount, 10% salaried discount for regular pay on 1st year premium and 30% lifetime discount on premiums due to monthly income payout.

^2eThe premium of ₹452 p.m. has been approximately calculated for a 18-year-old healthy female life with monthly mode of payment and premiums paid regularly for the policy term of 25 years with income payout option for 20 years with Life Cover of ₹1 crore under Life option. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra Flat 15% lifetime premium discount for women on life cover.

^†aThe first year premium of ₹480 p.m. (less than ₹16 per day) has been approximately calculated for a 19-year-old healthy female(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 25 years with income payout option (income for 30 years) with Life Cover of ₹1.5 crore under Life option. The premium amount is inclusive of taxes. For the above selected premium, customer will be able to avail 2% lifetime online discount, 10% salaried discount for regular pay on 1st year premium and 30% lifetime discount on premiums due to monthly income payout. Flat 15% lifetime premium discount for women on life cover.

^†bThe 16% percentage has been calculated by comparing the premium for a 20-year-old healthy male (occupation: salaried) and 20-year-old healthy female (occupation: salaried), for a life cover of ₹1.5 crore & an accelerated critical illness benefit of ₹10 lakh under Life & Health option for a policy term of 21 years for a monthly income payout option (till 30 years) for a regular premium pay mode. The premium (inclusive of taxes) for this case for the male is ₹689 per month and for a female is ₹580 per month. Flat 15% lifetime premium discount for women on life cover.

^`4Subject to further evaluation by underwriting team based on true and fair disclosures during the application process.

^*~Tax benefits/Tax-free returns are subject to conditions under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

^`!Lump sum and income: This is one of the four available death benefit payout options and customer can choose any one of the death benefit payout options. Under ‘Lump sum and income’, the Death Benefit will be paid as a combination of income and lump sum payout options. The percentage of the Death Benefit to be paid out as lump sum is chosen at inception. The balance Death Benefit will be paid out in equal monthly instalments in advance, for the chosen Income Term at a defined rate of death benefit. For income term of 10 years, 10% of the death benefit will be payable every year i.e. 0.83333% of death benefit will be payable as monthly in advance. For income term of 20 years, 5% of the death benefit will be payable every year i.e. 0.41667% of death benefit will be payable as monthly in advance. For income term of 30 years, 3.33% of the death benefit will be payable every year i.e. 0.27778% of death benefit will be payable as monthly in advance.

^$8The premium of ₹767 p.m. has been approximately calculated for a 18 year old healthy male (occupation: non-salaried) for a life cover of ₹1 crore and an accelerated critical illness cover of ₹20 lakh under the Life & Health Option for a regular income payout option (income for 20 years) for a policy term of 31 years (inclusive of taxes). Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra. Total Tax saving is of ₹89,021 u/s 80 C & 80 D

^$9The premium for a 18-year-old non-smoker healthy male (occupation: non-salaried) with a life cover of ₹1 crore under the Life Option with income payout option for 20 years for a policy term of 31 years under Regular Pay is ₹544pm (inclusive of all taxes). Total Tax saving is of ₹63,139 u/s 80 C.

^!uThe premium of ₹478 p.m. has been approximately calculated for a 20-year-old healthy male life (occupation: salaried) with monthly mode of payment and premiums paid regularly for the policy term of 20 years with income payout option (income for 30 years) with Life Cover of ₹1 crore. The premium amount is inclusive of taxes.

^!xThe first year premium of ₹944 p.m. (less than ₹31 per day) has been approximately calculated for a 18-year-old healthy male(Occupation: Salaried) life with monthly mode of payment and premiums paid regularly for the policy term of 26 years with lumpsum payout option for Life Cover of ₹2 crore. The premium amount is inclusive of taxes. For the above selected premium, customer will be able to avail 5% lifetime online discount and 10% salaried discount for regular pay on 1st year premium.

^!1The premium of ₹784 p.m. is the combined monthly premium of ₹484 (husband’s premium) and ₹300 (wife’s premium). Husband is a 21-year-old healthy male (occupation: salaried) for a life cover of ₹1 crore under the Life Option. Wife is a 20-year-old healthy female (occupation: housewife) for a life cover of ₹50 lakh under the Life Option. Both have opted for a regular income payout option (income for 30 years) for a policy term of 21 years. Premiums are inclusive of taxes.

^!2The premium of ₹1,044 p.m. is the combined monthly premium of ₹689 (husband’s premium) and ₹355 (wife’s premium). Husband is a 21-year-old healthy male (occupation: salaried) for a life cover of ₹2 crore under the Life Option. Wife is a 20-year-old healthy female (occupation: housewife) for a life cover of ₹50 Lakhs and an accelerated critical illness cover of ₹10 lakh under the Life & Health Option. Both have opted for a regular income payout option (income for 30 years) for a policy term of 21 years. Premiums are inclusive of taxes.

^!3The premium of ₹950 p.m. is the combined monthly premium of ₹689 (husband’s premium) and ₹261 (wife’s premium). Husband is a 21-year-old healthy male (occupation: salaried) for a life cover of ₹2 crore under the Life Option. Wife is a 20-year-old healthy female (occupation: housewife) for a life cover of ₹50 Lakhs under the Life Option. Both have opted for a regular income payout option (income for 30 years) for a policy term of 21 years. Premiums are inclusive of taxes.

^!4The premium of ₹896 p.m. is the combined monthly premium of ₹556 (husband’s premium) and ₹340 (wife’s premium). Husband is a 21-year-old healthy male (occupation: salaried) for a life cover of ₹1.5 crore under the Life Option. Wife is a 20-year-old healthy female (occupation: housewife) for a life cover of ₹50 lakh and an accelerated critical illness cover of ₹10 lakh under the Life & Health Option. Both have opted for a regular income payout option (income for 30 years) for a policy term of 19 years. Premiums are inclusive of taxes.

^!5The premium of ₹840 p.m. is the combined monthly premium of ₹579 (husband's premium) and ₹261 (wife's premium). Husband is a 21-year-old healthy male (occupation: salaried) for a life cover of ₹1.5 crore under the Life Option. Wife is a 20-year-old healthy female (occupation: housewife) for a life cover of ₹50 lakh under the Life Option. Both have opted for a regular income payout option (income for 30 years) for a policy term of 21 years. Premiums are inclusive of taxes.

^>!Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations.

ICICI Pru iProtect Smart. UIN: 105N151V11

ADVT: W/II/0410/2024-25

Comp code - COMP/DOC/Apr/2022/84/0030

Comp code - COMP/DOC/Apr/2024/264/5972

Comp code (negative pincode) - COMP/DOC/Dec/2021/112/7011

Comp code (Did you know?) - COMP/DOC/Feb/2022/42/7340

Comp code (Did you know?) - COMP/DOC/Feb/2022/102/7387

Comp code (Medical Checkup) - COMP/DOC/Jun/2022/286/0671

Comp code - COMP/DOC/Sep/2022/59/1069

Comp code - COMP/DOC/Sep/2022/219/1161

Comp code - COMP/DOC/Aug/2023/18/3663

Comp code - COMP/DOC/Oct/2023/1310/4341

Comp code - COMP/DOC/Nov/2023/1511/4702

Comp code - COMP/DOC/Jan/2024/31/5112

Comp code - COMP/DOC/May/2024/305/6252

Comp code - COMP/DOC/May/2024/305/6253

Comp code (Employee discount) - COMP/DOC/Feb/2022/282/7498

© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.
Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number – 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license.