iCare IITerm Insurance Plan
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.
SPECIMEN POLICY DOCUMENTS
ICICI Pru iCare SP Option I
ICICI Pru iCare RP Option I
ICICI Pru iCare RP Option II
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
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.