Simply choose from our range of Insurance plans below

ICICI Pru Home Assure is a single premium term insurance plan. You choose the initial sum assured equal to your loan amount. Your benefit in any year is based on the initial loan schedule. On death during the term of the plan, the benefit based on the initial loan schedule is payable.

This benefit can be used towards the outstanding loan amount and any balance would flow to the beneficiary.

On survival to the end of the term, no benefit will be payable.

• What happens in the unfortunate event of death?
  On the death of the life assured, the benefit based on the initial loan schedule will be payable.
  In case of a co-applicant, coverage will be on both lives, if both are earning members. On the first death of any one of the life assured, the then applicable sum assured will be paid. Thereafter, the cover ends and no further benefit is payable.
• Will my cover continue in case of partial prepayment of the loan?
  If you partially prepay your loan, your cover will continue as per the original loan schedule.
  In case of any unfortunate incident, the outstanding balance will be paid to the bank and the remaining amount will be paid to your family.
• Will my cover continue if I foreclose my loan or transfer it to another company?
  Surrenders will be payable only in case of full prepayment or balance transfer of the loan. The surrender value will be calculated as:
  

  • 70% of the single premium * (outstanding term at surrender / original term).
  • The surrender value will be payable only if the amount is not less than Rs. 250.