iCareII Term Insurance Plan

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A quick look

You strive to provide comfort, happiness, and security to your family. Even if something unfortunate were to happen to you, you would want your family’s future to be secured at all times.

With ICICI Pru iCare II, protect your family’s future and ensure that they lead their lives comfortably without any financial worries, even in your absence.

ICICI Pru iCare SP Option I
ICICI Pru iCare RP Option I
ICICI Pru iCare RP Option II


Minimum / Maximum age at entry18 / 60 years
Maximum age at maturity65 years
Premium payment optionsRegular Pay, One Pay
Policy termRegular Pay: 5/10/15/20/25/30 years
One Pay: 5/10 years
Accidental Death Benefit(Only with iCare II Option II)Equal to Sum Assured chosen by you, subject to a maximum of Rs. 50 lakhs
Minimum premiumRs.2,400 excluding service tax, as applicable
Minimum Sum AssuredAs per minimum premium
Maximum Sum AssuredUnlimited
Mode of Premium paymentRegular Pay: Yearly, Half-yearly and Monthly
One Pay: Single Premium
Tax BenefitPremium paid towards the policy will be eligible for tax benefits u/s 80C of the Income Tax Act, 1961

Key benefits of ICICI Pru iCare II

  • Flexibility to choose protection cover based on your needs from:
    • Option I: Death benefit equal to Sum Assured chosen by you
    • Option II: An additional death benefit equal to Sum Assured chosen by you or Rs. 50 lakhs, whichever is lower, payable only in case of death due to accident. This option is available only with the Regular Pay option
  • Insurance cover at extremely affordable premiums
  • Tax benefits on the premiums paid

Benefits in Detail

Death benefit

In the unfortunate event of the death of the Life Assured during the term of the policy, the nominee shall receive the following death benefit:

Plan type Benefit paid out to the nominee
iCare II Option I Sum Assured chosen by you
iCare II Option II (applicable only for Regular Pay option) Sum Assured chosen by you + Accidental Death Benefit

Accidental Death Benefit – An amount equal to the Sum Assured chosen by you (subject to a maximum of Rs. 50 lakhs) will be paid only in the unfortunate event of death of the Life Assured due to an accident

Maturity or paid-up or survival benefit

There is no maturity, paid-up value or survival benefit available under this product.

  • Choose between options I and option II based on your protection needs.
  • Select a Sum Assured as per your requirements.
  • Fill in your personal details and answer some simple questions related to your health.
  • Select either One Pay or Regular Pay premium payment option, and make payment.
  • Enjoy life cover throughout the policy term chosen by you.

We offer several options for you to buy as per your convenience. Choose from one of the following: