Home Assure

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Having your own house could be a dream of a lifetime. We at ICICI Prudential want to ensure that your dream comes true,..

In association with your home loan providing bank, we are pleased to bring to you,ICICI Pru Home Assure. This extremely affordable Term Life Insurance Plan offers you protection for your loan amount and complete convenience in application.


Min PremiumRs. 6,000 p.a.
Modes of Premium PaymentSingle Premium
Min-Max Sum AssuredRs.25,000 / No limit
Min-Max age at entry18 / 60 years
Max cover ceasing age70 years
Policy Term2-30 years

Key benefits

    • What happens in the unfortunate event of death?
  1. 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?
  2. f 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?
  3. 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.

  • 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.

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