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97.8% claim settlement ratio ~

1 day death claim settlement *

Rs. 1.49 Lakh Cr benefits paid `

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ICICI PRU TERM INSURANCE

Complete protection for your loved ones

offer Buy online & get a 5% discount ‘throughout your policy term offer

  • ✔ Covers Covid-19 claims8
  • ✔ Large cover at affordable rates2
  • ✔ High claim settlement ratio of 97.8%~
  • ✔ 34 critical illnesses benefit option##
  • ✔ Life cover up to ₹ 2 Crore with telephonic medicals

offer Buy online & get a 5% discount ‘ throughout your policy term

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Save more by buying early

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Calculations shown are for illustration purpose only
Premiums get fixed at the age you buy, for the entire policy duration

Drag the slider above to see what your premium amounts to with age.

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TERM INSURANCE CALCULATOR

(Choose 'YES' if you have smoked or chewed tobacco in last 12 months)
Click here for ICICI group employee discount
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I will get What is this ?

cover till 99 years of age
₹ 480 /
online discount applied throughout policy term'
1.

Additional benefits I can opt for

What is this ?

No benefits added

2.

In my absence, my family will get

What is this ?

The entire amount in a single installment

Lumpsum payout of ₹ 1 Cr

One large amount + rest in installments

₹ 50%

Lumpsum payout of ₹ 50,00,000 +

Regular monthly income of ₹ 50,000 for 10 years

Regular monthly installments

Regular monthly income of ₹ 83,333 for 10 years

Increasing installments

Regular monthly income starting at₹ 83,333 increasing by 10% every year for 10 years

3.

I will pay for

What is this ?

10 years - I stay covered for the entire policy term of 30 years

What is limited pay?
Save up to 65% with limited pay option
What is this ?
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I will get What is this ?

₹ 480 /

Base Premium

₹ 920/month

+

Critical Illness

₹ 156/month

+

Accidental Death

₹ 240/month

Additional benefits I can opt for

What is this ?

Critical Illness Benefit Option ₹ 156/month

We pay the entire cover amount on the first diagnosis of a critical illness.

View all 34 illnesses

50 Lakhs

Accidental Death Cover ₹ 156/month

Additional cover in case of an accidental death.

25 Lakhs

In my absence, my family will get

What is this ?

The entire amount in a single installment

Lumpsum payout of ₹1 Cr

One large amount + rest in installments

₹ 50% of Life Cover

Lumpsum payout of ₹ 50,00,000 +

Regular monthly income of ₹ 50,000 for 10 years

Regular monthly installments

Regular monthly income of ₹ 83,333 for 10 years

Increasing installments

Regular monthly income starting at₹ 83,333 increasing by 10% every year for 10 years

I will pay for

What is this ?

10 years - I stay covered for the entire policy term of 30 years

What is limited pay?
Save up to 65% with limited pay option

1. Please tell us about your occupation

2. What is your premium budget?

Choose how much premium you want to pay as per your budget.
phonr

Pro tip : Save 2.5% on your premium when you choose annual premium payment mode7

Online discount applied throughout policy term

offer
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Key Benefits of our Term Insurance Plan

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Large cover at affordable rates2

Get ₹ 1 Crore life cover starting at ₹ 490 per month. Your premiums remain fixed for the entire policy duration

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Option to increase life cover

ICICI Pru iProtect Smart’s life stage benefit gives you an option to increase the cover after Marriage (50% increase), 1st (25% increase) & 2nd (25% increase) childbirth, without any medicals. Additional premium will be calculated based on the increased life cover and remaining policy term as per your age at the time of each such increase.

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34 Critical illnesses Benefit Option##

This optional benefit, available with ICICI Pru iProtect Smart, gives full claim payout on the first diagnosis of 34 Critical Illnesses like cancer, heart attack and kidney failure. No hospital bills required. You stay covered for a maximum of 30 years without any change in premium.

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Permanent disability benefit3

In case of permanent disability due to accident, all future premiums are waived off, and the life cover continues for the remaining policy duration. This benefit comes in-built with ICICI Pru iProtect Smart, without any extra cost to you.

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100% Terminal illness3 payout

Terminal illnesses are not only life threatening but can also spell financial ruin. This benefit helps you fight those illnesses by paying 100% of your life cover amount before death (covers AIDS as well). This benefit comes in-built with ICICI Pru iProtect Smart, without any extra cost to you.

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Tax benefits up to ₹54,600^

Premium paid and benefits received are eligible for tax benefits U/S. 80C and 10(10D).

Frequently Asked Questions

Term insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable rates. You can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of death of the person insured.
Assume, you earn an annual income of ₹ 7 Lakh. For your family’s financial well-being, this income should continue even when you are not around. You would have invested in some financial instruments to create a corpus for your family; but it is also important to have a safety net for these investments so that in your absence your family does not have to face any financial burden. A viable option is a term plan of ₹ 1 Crore as it is an affordable way to secure your family. It will pay this amount to your family on your demise. Premiums for a ₹ 1 Crore life cover start at ₹ 490 per month2 only, which is less than half the cost you would pay for dinner with family at a restaurant.
The earlier you buy a term plan, the better (and cheaper) it is. With time, the premiums become more expensive. For example, for ₹ 1 Crore cover amount, premiums for a 30-year-old, non-smoker male would amount to ₹ 973 p.m. for a 30-year policy duration of ICICI Pru iProtect Smart - Life option with regular pay and regular income payout option. The premium increases to ₹ 1,962 p.m. if the policy is bought at age 40.
Also, with current lifestyles and increasing instances of diseases and illnesses, it may become difficult to get a term plan later, as you grow older.
The above calculator calculates your premium amount based on your age, gender and smoking status, along with the life cover amount, policy term, payment mode and payout option selected by you.
No, the premium amount is decided at the time of purchase and remains fixed throughout the policy term.
The life cover you need depends on your current annual income. We recommend that a life cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family.
If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.
If you are ever diagnosed with a critical illness, it can affect you physically, emotionally and financially. ICICI Pru iProtect Smart offers the optional benefit of covering 34 Critical Illnesses such as cancer, heart attack and kidney failure for a maximum of 30 years without any change in premium. But here’s the best part - It gives full claim payout on the first diagnosis of any of the covered 34 Critical Illnesses. No Hospital Bills required**. This amount can also safeguard your family against the loss of income arising out of the illness.
It is recommended to have a term insurance cover of atleast 10-15 times of your annual income to provide for a safe future for your dependents. A Rs. 1 crore term insurance is sufficient for you if your annual income is between 5-10 lakh with no financial liabilities. You can also find out the adequate life insurance cover for your loved ones with the help of Human Life Value calculator.
COMP/DOC/Sep/2020/249/4504

TERM INSURANCE CALCULATOR

(Choose 'YES' if you have smoked or chewed tobacco in last 12 months)
Click here for ICICI group employee discount
img

Frequently Asked Questions

Term insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable rates. You can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of death of the person insured.
Assume, you earn an annual income of ₹ 7 Lakh. For your family’s financial well-being, this income should continue even when you are not around. You would have invested in some financial instruments to create a corpus for your family; but it is also important to have a safety net for these investments so that in your absence your family does not have to face any financial burden. A viable option is a term plan of ₹ 1 Crore as it is an affordable way to secure your family. It will pay this amount to your family on your demise. Premiums for a ₹ 1 Crore life cover start at ₹ 490 per month2 only, which is less than half the cost you would pay for dinner with family at a restaurant.
The earlier you buy a term plan, the better (and cheaper) it is. With time, the premiums become more expensive. For example, for ₹ 1 Crore cover amount, premiums for a 30-year-old, non-smoker male would amount to ₹ 973 p.m. for a 30-year policy duration of ICICI Pru iProtect Smart - Life option with regular pay and regular income payout option. The premium increases to ₹ 1,962 p.m. if the policy is bought at age 40.
Also, with current lifestyles and increasing instances of diseases and illnesses, it may become difficult to get a term plan later, as you grow older.
The above calculator calculates your premium amount based on your age, gender and smoking status, along with the life cover amount, policy term, payment mode and payout option selected by you.
No, the premium amount is decided at the time of purchase and remains fixed throughout the policy term.
The life cover you need depends on your current annual income. We recommend that a life cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family.
If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.
If you are ever diagnosed with a critical illness, it can affect you physically, emotionally and financially. ICICI Pru iProtect Smart offers the optional benefit of covering 34 Critical Illnesses such as cancer, heart attack and kidney failure for a maximum of 30 years without any change in premium. But here’s the best part - It gives full claim payout on the first diagnosis of any of the covered 34 Critical Illnesses. No Hospital Bills required**. This amount can also safeguard your family against the loss of income arising out of the illness.
It is recommended to have a term insurance cover of atleast 10-15 times of your annual income to provide for a safe future for your dependents. A Rs. 1 crore term insurance is sufficient for you if your annual income is between 5-10 lakh with no financial liabilities. You can also find out the adequate life insurance cover for your loved ones with the help of Human Life Value calculator.
COMP/DOC/Sep/2020/249/4504

You can depend on us

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97.8% ~

Our claims settlement ratio for FY2019-20

See our last 5 years claim settlement ratio
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₹ 1.49 Lakh Cr`

Benefits paid up to March 31, 2020

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30 Day Return Policy

If not satisfied, you can return (free look) the policy and get your money back.

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Service Assurance 6

Your policy will be issued in 72 hours on receipt of all documents and medical reports.

We offer two term insurance products from ICICI Pru Life – Read More

Please click here to download the product brochure for ICICI Pru POS iProtect Smart.

†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 ICICI Pru iProtect Smart - Life Option for ₹ 50 Lakh life cover for a 20 year old healthy Male for a policy term of 65 years with lumpsum payout option. The annual premium for 10 years Limited pay option will be ₹ 29,866 & the annual premium for Regular Pay option will be ₹11,928. The total payable premium through the term of the policy for 10 years Limited pay option with annual premium will be ₹ 2,98,660 & for Regular pay option with annual premium will be ₹ 7,75,320. The premium amounts are inclusive of taxes.
Calculation of 85 years is based on the existing life years, that is, 85 years of age minus your current age.

“”” The premium for 22 years old healthy male for a life cover of Rs 1cr for the ICICI Pru life iProtect Smart –life option under regular income payout option for a policy term of 20 years is Rs 629 p.m.(inclusive all taxes)

The premium for 22 years old healthy female for a life cover of Rs 50 lakhs for the ICICI Pru life iProtect Smart –life option under regular income payout option for a policy term of 20 years is Rs 370 p.m.(inclusive all taxes).

1The premium of Rs.372 p.m. has been calculated for a 19 year old healthy male for a life cover of Rs.50 lakh for the ICICI Pru iProtect Smart – Life Option under the regular income payout option for a policy term of 25 years is Rs. 4345 p.a.(inclusive of all taxes)

2The premium of Rs. 490 p.m. has been approximately calculated for a 18 year old healthy male life with monthly mode of payment and premiums paid regularly for the policy term of 18 years with income payout option with Life Cover of Rs 1 crore. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

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 practitioners’ 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 practitioners’ registered with the Indian Medical Association and approved by the Company. The Company reserves the right for independent assessment.

4The premium of Rs.590 p.m. has been approximately calculated for a 18 year old healthy male for a life cover of Rs.1 crore and an accelerated critical illness cover of Rs. 10 lakh under the ICICI Pru iProtect Smart – Life & Health Option for a regular income payout option for a policy term of 13 years is Rs.6,847 p.a. (exclusive of all taxes). Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

5On diagnosis of Permanent Disability (PD) due to an accident, the future premiums under your policy for all benefits are waived. 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.

99Accidental Death benefit (ADB) is up to Rs. 2 Crores. 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 20 year old non-smoker healthy male with a life cover of Rs.2 crore under the ICICI Pru iProtect Smart – Life Option with income payout option for a policy term of 19 years under Regular Pay is Rs. 880 pm (inclusive of all taxes).

=The premium for a 20 year old non-smoker healthy male with a life cover of Rs.2 crore under the ICICI Pru iProtect Smart – Life Option with income payout option for a policy term of 19 years under Regular Pay is Rs. 880 pm (inclusive of all taxes).

# 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.

^Tax benefits of Rs. 54,600(Rs. 46,800 u/s 80C & Rs. 7,800 u/s 80D) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge as per old tax regime)on life insurance premium u/s 80C of Rs. 1,50,000 and health premium u/s 80D of Rs. 25,000. Tax benefits subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service 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 details, before acting on above.

^^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.

~This is computed basis individual claims settled over total individual claims for the financial year. For details, refer to the Annual Report for FY2019-20 on our Website.

`As per Financial Statements (Schedule 4- Benefits paid (Gross))of the company, benefits paid since inception up to March 31, 2019.

Calculation of 85 years is based on the existing life years , that is, 85 years of age minus your current age.

-The Average Claims TAT for FY2019 for Death Claim (Individual) is 2.34 days. Non-Investigated Claims from Last Document received to Disbursal date.

##Critical Illness Benefit (CI Benefit) is optional and available under Life and Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. Only doctor’s certificate confirming diagnosis needs to be submitted. The benefit is payable only on the fulfillment of the definition of the diagnosed critical illness. The CI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. The future premiums payable under the policy will reduce proportionately. If CI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. To know more in detail about CI Benefit, terms & conditions governing it, kindly refer to sales brochure. CI 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 ICICI Pru iProtect Smart - Life Option for ₹ 1 Crore life cover for a 26 year old healthy Male for a policy term of 58 years with lump sum payout option. The annual premium for 5 years Limited Pay option will be ₹ 85,762 & the monthly premium will be ₹ 7,324. The premium amounts are inclusive of taxes.

*Day 1 is counted from the day of receiving the last document. All due premiums in the policy must have been paid and the policy must have been active for a continuous period of 3 years. Mandatory document to be submitted at Branch Office before 3pm on a working day- Original policy certificate, copy of death certificate by local authority, 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, Panchanama, Inquest report, Driving license. Claim documents submitted prior to 3pm will be considered for ULIP policies. Interest will be paid on claim amount for every day of delay beyond 1 working day. Applicable only for non-investigative death claims. 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.Total claim amount of all the policies is less than or equal to 1.5 crore.

‘5% discount on premium is applicable only for Regular and Limited pay policies. In case of Single Pay, discount applicable is 2% of Single Premium.

+The premium per month has been calculated for a healthy non-smoker male for a life cover of ₹ 1 crore and for a policy term of 30 years under the ICICI Pru iProtect Smart - Life option with regular pay option and regular income payout option. Premium amount will differ according to the age and benefit option chosen.

``Based on number of policies sold online between January 2019 - December 2019, 33% of our online customers purchase the optional critical illness benefit rider with their policy.
ADVT no. - W/II/1546/2020-21

ICICI Pru iProtect Smart UIN 105N151V06. W/II/1922/2020-21

ICICI Pru POS iProtect Smart UIN 105N173V02.

© 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. 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.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
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.

irdai cautions public against spurious calls and FICTITIOUS offers
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₹ 840/month

For a cover of ₹ 1 Crore for 30 years

Your contact details

This helps us save your plan details, so that you can pick up from where you left off. We respect your privacy and won't share them with anyone else.

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I will get What is this ?

₹ 480 /
online discount applied throughout policy term'

I will get

What is this ?
cover till 99 years of age
1.

Additional benefits I can opt for

What is this ?

No benefits added

arrow34 Critical Illness benefit is a popular option amongst online buyers with 1 out of 3`` buying it
2.

In my absence, my family will get

What is this ?

The entire amount in a single installment

Lumpsum payout of ₹1 Cr

One large amount + rest in installments

₹ 50%

Lumpsum payout of ₹ 50,00,000 +

Regular monthly income of ₹ 50,000 for 10 years

Regular monthly installments

Regular monthly income of ₹ 83,333 for 10 years

Increasing installments

Regular monthly income starting at₹ 83,333 increasing by 10% every year for 10 years

3.

I will pay for

What is this ?

10 years - I stay covered for the entire policy term of 30 years

What is limited pay?
Save up to 65% with limited pay option

Critical
Illness Cover Option##

We pay the entire cover amount on the first diagnosis of a critical illness.
View all 34 illnesses

at ₹ 50 / month

Accidental
Death Benefit

Additional cover in case of an accidental death.

at ₹ 50 / month
What is this ?

I will get What is this ?

5.75 Crores

₹ 1,480 /

Base Premium

₹ 920/month

+

Critical Illness

₹ 156/month

+

Accidental Death

₹ 240/month

Additional benefits I can opt for

What is this ?

Critical Illness Benefit Option## ₹ 156/month

We pay the entire cover amount on the first diagnosis of a critical illness.

View all 34 illnesses

50 Lakhs

Accidental Death Cover ₹ 156/month

Additional cover in case of an accidental death.

View all 34 illnesses

25 Lakhs

In my absence, my family will get

What is this ?

The entire amount in a single installment

Lumpsum payout of ₹1 Cr

One large amount + rest in installments

₹ 50% of Life Cover

Lumpsum payout of ₹ 50,00,000+

Regular monthly income of ₹ 50,000 for 10 years

Regular monthly installments

Regular monthly income of ₹ 75,000 for 10 years

Increasing installments

Regular monthly income starting at₹ 83,333 increasing by 10% every year for 10 years

I will pay for

What is this ?

10 years - I stay covered for the entire policy term of 30 years

What is limited pay?
Save up to 65% with limited pay option

1. Please tell us about your occupation

2. What is your premium budget?

Choose how much premium you want to pay as per your budget.
phonr

Pro tip : Save 2.5% on your premium when you choose annual premium payment mode7

Online discount applied throughout policy term

offer

Quick Guide to your plan

Table of contents
  • 1 What is a term plan?
  • 2 Why do I need a term plan?
  • 3 When should I buy a term plan?
  • 4 Will my premium increase every year?
  • 5 How much life cover do I need?
  • 6 What types of death are covered?
  • 7 What is Accidental death benefit?
  • 8 What is Critical illness benefit##?
  • 9 What is the ideal Critical illness##?
  • 10 What is limited pay option**?
  • 11 What is Acclerated Terminal illness benefit3?
  • 12 What is Permanent disability benefit3?
  • 13 Should I buy this plan online?
Table of contents
  • 1 What is a term plan?
  • 2 Why do I need a term plan?
  • 3 When should I buy a term plan?
  • 4 Will my premium increase every year?
  • 5 How much life cover do I need?
  • 6 What types of death are covered ?
  • 7 What is Accidental death benefit?
  • 8 What is Critical illness benefit##?
  • 9 What is the ideal Critical illness##?
  • 10 What is limited pay option**?
  • 11 What is Acclerated Terminal illness benefit3?
  • 12 What is Permanent disability benefit3?
  • 13 Should I buy this plan online?
Next up

When should I buy a term plan?

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What is a term plan?

Term Insurance plan or Term life insurance plan is a a simple and pure risk cover form of life insurance. It provides financial protection to your family at affordable and cost effective rates. You can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of death of the person insured.

Next up

Why do I need a term plan?

img

Why do I need a term plan?

Assume, you earn an annual income of ₹ 7 Lakh. For your family’s financial well-being, this income should continue even when you are not around. There are a few ways that you can make this happen.

  • A bank a/c saving of ₹ 1 Crore as FD, which will at 7% generate a yearly income of ₹ 7 Lakh for your family.
  • A sizeable investment which might grow to a corpus of ₹ 1 Crore, before your death.
  • If you can't manage to create a large saving/ investment, then a viable option is a term plan of ₹ 1 Crore. It will pay this amount to your family on your demise. Premiums for a ₹ 1 Crore life cover start at ₹ 490 per month 2 only, which is less than half the cost you would pay for dinner with family at a restaurant.
Next up

When should I buy a term plan?

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When should I buy a term plan?

The earlier you buy a term plan, the better (and cheaper) it is. With time, the premiums become more expensive. For example, premiums for a 30-year-old, non-smoker male would amount to ₹ 708 p.m. for a 30-year policy duration. The premium increases to ₹ 1428 p.m. if the policy is bought at age 40. Keep in mind the premiums get fixed at the age you purchase, for the entire policy duration.

Also, with current lifestyles and increasing instances of diseases and illnesses, it may become difficult to get a term plan later, as you grow older.

Next up

Will my premium increase every year?

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Will my premium increase every year?

No, the premium is fixed for the entire policy duration once you purchase a term plan. The tax component (GST) may change as per Government of India regulations ^.

Next up

How much life cover do I need?

img

How much life cover do I need?

The life cover you need depends on your current annual income. We recommend that a life cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family.

If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.

Next up

What all types of death that are covered under Term Plan?

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What all types of death that are covered under Term Plan?

All kinds of death are covered under the plan including natural, accidental, murder, illnesses and natural calamities. You are covered under this plan as soon as your policy is issued and there is no waiting period. Death due to suicide, only in the first year of policy is not covered. Also, once you buy the policy, you stay covered whether you are in India or abroad..

Next up

What is Accidental death benefit?

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What is Accidental death benefit?

Road, Train accidents happen all the time. Insurance can’t stop them, but it can mitigate the financial effects. With this benefit, your family will get an additional payout in case of death due to an accident. For example, if you buy life cover of ₹ 1cr with accident benefit of ₹ 50 Lakh, your nominee will get ₹ 1.5 crore in case of death due to an accident. Maximum accident cover available with this benefit is ₹ 2 crore.

Next up

What is Critical illness Benefit Option?

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What is Critical illness Benefit Option ##?

If you are ever diagnosed with a critical illness, it can affect you physically, emotionally and financially. ICICI Pru iProtect Smart offers the optional benefit of covering 34 Critical Illnesses such as cancer, heart attack and kidney failure for a maximum of 30 years without any change in premium. But here’s the best part - It gives full claim payout on the first diagnosis of any of the covered 34 Critical Illnesses. No Hospital Bills required**. This amount can also safeguard your family against the loss of income arising out of the illness.

Next up

What is the ideal Critical illness Benefit Option that I should opt for?

img
What is the ideal Critical illness Benefit Option ## that I should opt for?

Treating a critical illness like cancer is not only expensive, but the recovery time is also long. However, an aspect most ignored is that critical illness could mean that your income temporarily stops while you recover. A regular health or a mediclaim policy only takes care of treatment cost. Our critical illness cover pays out the entire amount on first detection of any of the 34 critical illnesses. This amount can be used to take care of both – your treatment expenses, as well as loss of income.

Ideally, you should opt for a critical illness benefit that is equal to 2 years of your annual income, so that income for your family is taken care of, while you recover.

Next up

What is limited pay option?

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What is limited pay option**?

The limited payment option helps you save on premium. With this option, you pay premiums for a limited period like 1,5, 7 or 10 year(s) and stay covered for the entire policy duration. Although the premiums you pay now would be higher, you end up saving up to 65% over the entire policy period.

Next up

What is Acclerated Terminal illness benefit 3?

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What is Acclerated Terminal illness benefit 3

Terminal illnesses are not only life-threatening but can also spell financial ruin. ICICI Pru iProtect Smart helps you fight those illnesses by paying 100% of your life cover amount before death (covers AIDS as well).

This benefit comes in-built in your policy without any extra cost to you.

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What is Permanent disability benefit?

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What is Permanent disability benefit 3?

In case of permanent disability due to accident, all future premiums are waived off, and the life cover continues for the remaining policy duration.

This benefit comes in-built in your policy without any extra cost to you.

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Should I buy this plan online?

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Should I buy this plan online?

It is best to buy ICICI Pru iProtect Smart online because:

  • You get to buy directly from the insurance company - there are no intermediaries
  • Your personal and health information is private and secure
  • You get an online discount ‘ on all premiums for the entire policy term. 5% discount on premium is applicable for regular and limited pay policies. In the case of Single Pay, discount applicable is 2% of Single Premium.
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Advt: W/II/0291/2019-20