- Life Cover!a + Multiple Benefits9## in 1 plan
- Covers COVID-19 life claims8
you love the most
Smart Exit° Option
Over ₹2,900Cr Volume Of Claimsε Closed
34 Critical Illnesses Cover ## (Optional)
Accidental Death Cover (Optional) 9
Tax Benefits^
Terminal Illness Benefit3
Permanent Disability Waiver5
At your Doorstep claim assistance
- Cancer of specified severity
- Angioplasty
- Myocardial Infarction (First Heart Attack - of specified severity)
- Heart Valve Surgery (Open Heart Replacement or repair of Heart Valves)
- Surgery to aorta Heart and Artery Benefit
- Cardiomyopathy
- Primary (Idiopathic) Pulmonary hypertension
- Open Chest CABG
- Blindness
- End stage Lung Failure (Chronic Lung Disease)
- End stage Liver Failure (Chronic Liver disease)
- Kidney Failure Requiring Regular Dialysis
- Major Organ/ Bone Marrow Transplant
- Apallic Syndrome
- Benign Brain Tumour
- Brain Surgery
- Coma of specified Severity
- Major Head Trauma
- Permanent Paralysis of Limbs
- Stroke resulting in permanent symptoms
- Alzheimer's Disease
- Motor Neurone Disease with Permanent Symptoms
- Multiple Sclerosis with Persisting Symptoms
- Muscular Dystrophy
- Parkinson's Disease
- Poliomyelitis
- Loss of Independent Existence
- Loss of Limbs
- Deafness
- Loss of Speech
- Medullary Cystic Disease
- Systematic lupus Eryth with Renal Involvement
- Third degree Burns (Major Burns)
- Aplastic Anaemia
- Cancer of specified severity
- Angioplasty
- Myocardial Infarction (First Heart Attack - of specified severity)
- Heart Valve Surgery (Open Heart Replacement or repair of Heart Valves)
- Surgery to aorta Heart and Artery Benefit
- Cardiomyopathy
- Primary (Idiopathic) Pulmonary hypertension
- Open Chest CABG
- Blindness
- End stage Lung Failure (Chronic Lung Disease)
- End stage Liver Failure (Chronic Liver disease)
- Kidney Failure Requiring Regular Dialysis
- Major Organ/ Bone Marrow Transplant
- Apallic Syndrome
- Benign Brain Tumour
- Brain Surgery
- Coma of specified Severity
- Major Head Trauma
- Permanent Paralysis of Limbs
- Stroke resulting in permanent symptoms
- Alzheimer's Disease
- Motor Neurone Disease with Permanent Symptoms
- Multiple Sclerosis with Persisting Symptoms
- Muscular Dystrophy
- Parkinson's Disease
- Poliomyelitis
- Loss of Independent Existence
- Loss of Limbs
- Deafness
- Loss of Speech
- Medullary Cystic Disease
- Systematic lupus Eryth with Renal Involvement
- Third degree Burns (Major Burns)
- Aplastic Anaemia
ICICI Pru iProtect Smart
Secure a monthly income`2 for your family with our term insurance, in your absence
Claim payout to your family as monthly income`2
Income for family is absolutely tax-free6
Monthly income`2 payout (Optional)
Increasing Monthly Income~` Payout (Optional)
Lumpsum + Monthly Income`! Payout (Optional)
1 Day Claim Settlement>
At your Doorstep claim assistance
Smart Exit° Option
34 Critical Illnesses Cover##\ (Optional)
Accidental Death Cover9 (Optional)
Permanent Disability Waiver5
Tax Benefits^
Steps to buy
application form
submit documents
check-up
How the plan works? Play Video
Life Cover
premium payment
The Life Cover is payable to the nominee
₹83,333 as
monthly income
for 10 years
Life & Health Cover of
₹1 crore & Critical Illness
Cover of ₹20 lakh for 30 years
She is paid ₹20 lakh as a lump sum &
policy continues with the Sum Assured
reduced to ₹80 lakh
at the age of 55,
her nominee gets
₹80 lakhs as lump sum
Term Plan
Additional Benefits
Term Plan Calculator
Plan
Benefits
Calculator
What is a Term Plan?
When should I buy a term plan?
Non-smoker
30 years
₹866 p.m
Non-smoker
30 years
₹1,846 p.m
Who should buy a term plan?
If you have children or dependent adult family members and are responsible for paying for their needs and upkeep then you must buy a term plan.
Young individuals
The premium for term insurance increases with age. So it makes smart sense for young professionals without financial liabilities to buy term plan early & this way they get lower premium rates and the rates will not increase over time.
Newly married couples
A term plan can help you create a financial safety net for your growing family so that their dreams are never compromised, even when you are not around.
Home loan repayment
In case of an unfortunate incident, the responsibility of paying the outstanding loans should not fall on your loved ones. In case of your unfortunate demise, the death benefit payout from the term plan can be used by your family to repay your loans.
How much term insurance cover do I need?
What is limited pay option?
Which payout option should I choose?
- Monthly Income : Your term life cover will be paid to your nominee as a monthly installment for a period of 10 years/20 years/30 years (chosen at inception). This option is ideal for those who want to ensure that the burden of outstanding liabilities and monthly household expenses does not befall their loved ones while also paying affordable premiums.
- Increasing Monthly Income : Your term life cover is paid out to the nominee in the form of a monthly income, which increases by 10% every year for 10 years. It has been designed to keep in mind that the financial needs of the family will keep increasing due to inflation, and they should be able to manage these without any burden.
- Lump-sum : Your entire term life cover amount is paid to your nominee in one go. This is the most preferred option for our online buyers. It can help your family possibly close the pending home loan EMIs. They can also use the huge sum of money (life cover amount) to further invest it in instruments that will ensure needs like sending children abroad for higher education, is taken care of, as such an amount invested as principal and can reap high returns thus fulfilling all your family’s dreams even in your absence.
- Lump-sum + Monthly Income : You can choose for your family to receive the life cover payout in 2 parts. In case of death of the policyholder, your family will get one installment as a lumpsum payout immediately and the rest in the form of monthly income for a period of 10 years/20 years/30 years (chosen at inception). This will ensure that the life cover amount can help the family with immediate needs (lumpsum) like loans as well as take care of day-to-day expenses (monthly income).
What are the benefits of a term insurance premium calculator?
- Flexibility to customise - The term insurance calculator gives you the flexibility to design your term plan as per your needs. You can pick and choose your own life cover amount, choose to strengthen your coverage by adding riders, choose the premium payment term and payout method as per your financial plan.
- Efficient - The term insurance premium calculator can generate a customised quote for you within 2 minutes And all of this is free of charge
What is Accidental Death benefit9 (optional)?
What is Critical Illness benefit##(optional)?
What is Inbuilt Terminal illness benefit3?
What is Inbuilt Permanent disability benefit5?
What is a Term Insurance calculator?
How does a term insurance calculator work?
- You provide basic personal information such as your age, gender and whether you are a Non-Resident Indian (NRI).
- You are asked about certain lifestyle factors, such as tobacco consumption, to determine your overall health, including any pre-existing medical conditions.
- The term insurance premium calculator requests details about your annual income.
- The term life insurance calculator assesses your occupation and educational qualifications to gauge the level of risk associated with your profession.
- Your location, including your pincode and city, can impact your premium. The term insurance plan calculator collects this information to generate an accurate quote for your plan.
- Once you have provided all the necessary information, the calculator will provide you with a quote, showing you the estimated premium for the specified coverage.
How is your term insurance premium calculated?
Steps to use the term insurance premium calculator
- Enter your name, email address, and phone number
- Enter your date of birth and gender
- Enter your annual income
- Mention lifestyle habits like smoking, consuming tobacco or alcohol (if any)
- Enter policy related details like the life cover amount, policy tenure, premium payment method, frequency of premium payment (monthly, half-yearly, annual, etc.)
- Choose riders like the terminal illness benefit, the critical illness benefit, the permanent disability benefit, or the accidental death benefit. Riders are optional, but you can add them if you want additional protection
Rider Options With ICICI Pru Life Plans
Benefit Rider
Benefit Rider
Claim Settlement Process
Report Claim
Process
Settle
Why choose ICICI Prudential Life?
on March 31, 2023
March 31, 2023
Settlement >
(free look) the policy and
get your money back
Frequently Asked Questions
- Not enough cover - The cover provided by company's life insurance policy (generally ₹10-15 lakh) may not always be sufficient to sustain your family in case something happens to you.
- Will lose coverage if you change your job - This coverage is dependent on your job. If you leave the job, the insurance cover ends then and there, till you join a new job. The period between the end of the old job and the start of the new one would be without cover.
- Standard policy for all employees, not customized to your needs - The life insurance policies provided by your employer are standardized policies which are not customized according to your specific needs and don't generally contain any provisions for critical illness, terminal illness and disabilities.
- Brand: Choose a well-known brand that is financially strong and sure to be around for a long time. ICICI Prudential Life Insurance is an old and trusted private sector life insurance company in the country with an Assets Under Management value of ₹2.40 tn18 (as on Mar 31, 2022).
- Claim settlement: Select an insurance company with a consistently high claim settlement ratio and an easy and hassle free claim settlement process. With ICICI Prudential's term plan, you can get your claim settled within 1 day >. The company has a claim settlement ratio of 97.8% (FY 2021-22) ~ and has paid ₹2.04 tn ` in claims (since inception up to Mar 31, 2022) You can check our last 5 years' claim settlement ratio here .
- Additional benefits: Look for additional benefits such as critical illness coverage and accidental death coverage. ICICI Prudential Life term plan provides the option to get health coverage for 34 critical illnesses## up to ₹1 crore and accidental death coverage9 up to ₹2 crore.
- Ease and convenience - You can complete your purchase in just a few minutes anytime anywhere. You can explore our plans on your mobile too
- Better control - Buying a term plan online lets you customize it according to your exact needs instead of relying on someone else to do so.
- Complete transparency - As there are no intermediaries involved and you buy directly from the insurance company, the entire process is transparent and you are not set up for any unpleasant surprises later on.
- Full security - Your personal and health information is private and secure.
- Online discount - ICICI Prudential provides up to 5% discount`= when you purchase our term plan online (If you are an ICICI group employee, you get 10% discount throughout the policy term, even if you leave the organization after purchase of the policy).
- Dedicated Relationship Manager - From the moment you purchase a policy till the time you receive the policy kit, a dedicated Relationship Manager will be assigned to you who will assist you at every step, right from uploading of documents to fixing up your medical appointments to any other doubts/issues your might have about our process.
- Terminal Illness Benefit3: You receive 100% claim payout in case you contract a terminal illness 3
- Permanent Disability Benefit5: All your future premiums are waived off while your policy continues if you get a permanent disability 5
1.There for you
Taking the customer first approach, we have made the online insurance buying process very easy and seamless. Be it offering 5% discount`= on premiums throughout the policy term or providing assistance at the time of purchase or assigning a dedicated Relationship Manager to assist you every step of the way, you can be assured that ICICI Prudential Life will be there for you.
2.There for your family
At ICICI Prudential Life, we put our customers first and have been striving to improve our claims experience over time. Your family has the option to report claim either online, at our branches, central office, via SMS, e-mail or through our call centre as per their convenience. We also provide an option of door step claim document pick-up (within India). To avail this service, the beneficiary needs to submit a request at claim.support@iciciprulife.com or at our call-centre. Our special ClaimCare team will assess your claim, and inform you in case any further documents need to be submitted. Post receiving all the necessary documents, we will process your claim request. When it comes to settling claims you can trust ICICI Prudential Life's track record of high claim settlement ratios. You have made the right choice by choosing us as your Life Insurance partner.
A term insurance calculator also offers a lot of flexibility wherein you can add or remove benefits/riders based on your requirement, choose how you would want your nominee to receive the life cover` amount in case of unfortunate death as well as choose to pay premiums in a frequency which you would be more comfortable with.
- His minimum sum assured should be ₹60 lakh.
- His minimum policy term chosen at inception should be 31 years.
- The age of the policy holder at the time of exercising this benefit should be 60 or above.
- At the time of availing the benefit, his policy should be in-force for at least 25 years.
- He cannot avail this benefit in the last 5 years of his policy term chosen at inception.
- The Policy is in-force with all due premiums paid at the time of exercising this option.
- No claim for any of the underlying benefits has been registered and is under evaluation/ or accepted/ or paid/ being paid on the Policy.
- Critical Illness## Cover: This is an optional benefit the customer can purchase wherein he/she receives a pre-determined claim amount in case of diagnosis of any of 34 specified critical illnesses ##. No bills or proof of expenditure is required. There is also no restriction of network hospitals. You can use the claim amount to get a treatment of your choice or however else you deem fit. This benefit is accelerated and not additional, which means the policy will continue with the Death Benefit reduced by the extent of the critical illness## benefit paid.
- Accidental Death Cover 9: This is another optional benefit wherein an additional cover is payable in case of death due to accident. The maximum cover that can be availed is ₹2 crore.
- Regular pay where you pay for the entire policy term.
- Limited pay where you pay for only 5 years, 7 years, 10 years, 15 years, till the age of 60 years and policy term 5 years.
- Single pay where you pay the entire premium in one go (Note : max policy term available with single pay option is 20 years)
- Lump sum - entire claim amount is paid out at once
- Monthly income -life cover payout in made in equal monthly instalments
- Increasing income - life cover payout in monthly instalments that increase by 10% every year
- Lump sum + Income - one large payout at once and remaining in monthly instalments
- Our term insurance premium calculator allows you to check premiums for each of these payout options and you can choose whichever is the best suited for you.
The lump sum payout can help your family possibly close the pending home loan EMIs. They can also use the huge sum of money (life cover amount) to further invest it in instruments that will ensure needs like sending children abroad for higher education, is taken care of, as such an amount invested as principal and can reap high returns thus fulfilling all your family’s dreams even in your absence.
This option is ideal for those who want to ensure that the burden of outstanding liabilities and monthly household expenses does not befall their loved ones while also paying affordable premiums.
This payout option is suitable for those who want to opt for a longer policy term e.g.: coverage till the age of 75 or a whole life term i.e., coverage till the age of 99. It will ensure that the life cover payout will keep increasing considering inflation and your family’s expenses will be managed. The increasing payout will also take care of your child’s higher education in your absence, thus taking into account the rising cost of education.
This payout option is suitable for individuals who are currently at a life stage akin to marriage, birth of their first or second child and/or are thus looking to buy their own house. This means that your responsibilities are increasing and in the long term you will need to secure finances for your children’s/child’s higher education as well as to finance the home loan EMIs.
The lumpsum part will take care of the EMIs thus reducing the burden on your family and the income part will ensure that your family’s needs are taken care of without them having to be hassled about managing a huge sum of money.
- Blood Test
- Electrocardiogram (ECG)
- Any additional tests in case required by our team of expert underwriters
- Blood Test
- Electrocardiogram (ECG)
- Tread mill test
- Chest X-ray
- Sonography
- Personal Information: Here, you need to enter your full name, marital status, highest education level, occupation, PAN number, and your communication address. In case you are salaried, you will be required to give details of the organization you work for & the name and type of organization. In addition to this, you will also be asked to enter details of your nominee & their full name, gender, date of birth and relationship with life assured. You will be required to declare any other life insurance policies you might have.
- Health Details: Here, you need to enter your height, weight and details of pre-existing health conditions, if any. Fill in this page very carefully and to the best of your knowledge to prevent rejection of claim due to incorrect information later.
- Documents Upload: You can choose to upload documents now for faster issuance or proceed to payment directly and upload the documents later. Documents needed are your photograph, PAN card, Address Proof (Aadhar card/Passport/Driving License/Voter's ID) and Income Proof (last 3 months' salary slips/ last 3 years' ITR/ last 6 months' bank statement/ Form 16). Accept the declaration that all the information submitted by you is correct and move to the payments page.
- i. One recent photograph
- ii. PAN card (mandatory)
- iii. Income proof (last 3 months' salary slip/ last 3 years' ITR/ Form-16/ last 6 months' bank statement)
- iv. Official ID proof (passport/driving license/voter's ID/Aadhar card)
- - Claimant Statement Form (Death claims / Health claims )
- - Death Certificate (for Death Claims)
- - Medical/Hospitalization Documents
- - Claimant's current address proof, photo identity proof and cancelled cheque / Copy of bank passbook (for Death Claims)
your comfort
at your comfort
at
- We will not spam you, get advice on your own terms
- Quality advisory where we hear all your needs on the right product for you
- We will assist you in customising plan as per your needs
Receive your premiums back with Smart Exit Benefit°. This option can be exercised in any policy year greater than 25 but not during the last 5 policy years, provided the age of the life assured is 60 years or more at the time of exercise. No additional premium is payable to avail this option.
The claim settlement process has been made quicker and simpler, wherein we are settling claims in 1 day>, provided that that the policy has been active for 3 continuous years, all mandatory claim documents have been submitted at branch, and total claim amount of all policies held by the Life Assured =< ₹1.5 Crore. The claim should not require any on-ground investigation.
Death Cover (Optional)9
Your nominee can get a higher payout in case of your unfortunate demise due to an accident. Along with your term insurance cover you can attach additional accidental death cover with the policy up to ₹2 crore.
In Financial Year FY2021-22, ICICI Prudential Life Insurance has paid individual death claims amounting to ₹2,977Cr
Cover## (Optional)
Our term insurance plan you gives you additional protection against 34 life threatening illnesses such as Cancer, Heart Attack and Kidney Failure. Claim paid out on first diagnosis, no hospital bills needed. Policy will continue with the life cover reduced by the extent of the critical illness benefit paid. List of 34 Critical Illness##
You get Tax Benefits on premiums paid of up to ₹54,600 under section 80C , 80D and 10(10D) of the Income Tax Act, 1961. The term insurance cover and rider payouts are tax free.
Benefit3
If the policyholder under the policy is diagnosed with a terminal illness, then the full death benefit is paid out. This benefit comes in-built with the term insurance policy at no extra cost.
Waiver5
In case of permanent disability due to an accident, all future premiums are waived off and the life cover continues for the remaining policy duration. This benefit comes in-built in your term insurance policy without any extra cost to you.
At request of the nominee, the ClaimsCare Team will pick-up the physical documents from the place of residence. This facility is available for select locations only. In order to avail this facility, kindly call on 18602667766 or drop an E-mail at claimsupport@iciciprulife.com
Monthly income`2 payout (Optional)
In case of an unfortunate event like policyholder’s death, the nominee will receive the life cover payout in the form of a regular monthly income`2. The nominee has complete freedom to utilize the income the way they want to whether it be to take care of the day to day expenses, pay off loan EMIs(if any), invest it somewhere else for future goals, etc. The income is completely tax-free.
Increasing Monthly Income~` Payout (Optional)
Under the increasing monthly income~` payout the life cover payout will increase by 10% every year for 10 years. So the overall payout to your family will be higher than the life cover you choose at the time of purchase. Here too the nominee has complete freedom to utilize the income the way they want to but as the payout keeps increasing every year by 10% the income your nominee receives will be inflation proof and can help them in keeping up with the increasing costs of goods and services. The income is completely tax-free.
Lumpsum + Monthly Income`! Payout (Optional)
In case of an unfortunate event like policyholder’s death, the nominee will receive the life cover payout in two forms. Your family will get one installment as a lumpsum payout immediately and the rest in the form of monthly income for a period of 10 years/20 years/30 years (chosen at inception). This will ensure that the life cover amount can help the family with immediate needs (lumpsum) like loans as well as take care of day-to-day expenses (monthly income). Both the payouts are completely tax-free.
1 Day Claim Settlement>
The claim settlement process has been made quicker and simpler, wherein we are settling claims in 1 day>, provided that that the policy has been active for 3 continuous years, all mandatory claim documents have been submitted at branch, and total claim amount of all policies held by the Life Assured =< ₹1.5 Crore. The claim should not require any on-ground investigation.
At your Doorstep claim assistance
At request of the nominee, the ClaimsCare Team will pick-up the physical documents from the place of residence. This facility is available for select locations only. In order to avail this facility, kindly call on 18602667766 or drop an E-mail at claimsupport@iciciprulife.com
Smart Exit° Option
You have the option to cancel the policy through our Smart Exit° Benefit. The Smart Exit° Benefit allows you to receive your premiums back under certain conditions. You can exercise this option in any policy year after 25 years have passed, but not during the last 5 policy years. To be eligible, the life assured must be at least 60 years old at the time of exercise. The best part? No additional premium is required to avail this option.
34 Critical Illnesses Cover## (Optional)
Our term insurance plan provides you with an added layer of security by safeguarding you against 34 life-threatening illnesses, including Cancer, Heart Attack, and Kidney Failure. With our plan, you will receive a payout upon the first diagnosis of any of these illnesses, and you won't need to worry about presenting hospital bills. Even after a claim, your policy will continue with the life cover reduced by the amount of the critical illness benefit paid. Unclaimed Critical Illness Rider premiums will also be refunded under Smart Exit, provided their term hasn’t ended till the time of exercising this option.
Accidental Death Cover9 (Optional)
Your nominee can get a higher payout in case of your unfortunate demise due to an accident. Along with your term insurance cover you can attach additional accidental death cover with the policy up to ₹2 crore. Accidental Death Benefit Rider premiums will also be refunded under Smart Exit, provided their term hasn’t ended till the time of exercising this option.
Permanent Disability Waiver5
In case of permanent disability due to an accident, all future premiums are waived off and the life cover continues for the remaining policy duration. This benefit comes in-built in your term insurance policy without any extra cost to you.
Tax Benefits^
You get Tax Benefits on premiums paid of up to ₹54,600 under section 80C, 80D and 10(10D) of the Income Tax Act, 1961. The term insurance cover and rider payouts are tax-free.
1800 267 9777
Call centre hours 9:00 a.m. - 9:00 p.m on all days
1800 210 0045
Timings- 10:00 a.m. to 7:00p.m.
Monday to Saturday (except national holidays)
Faster Processes
- •Priority issuance
- •Income document waiver
- •Dedicated relationship manager
Cover## (Optional)
- Cancer of specified severity
- Angioplasty
- Myocardial Infarction (First Heart Attack - of specified severity)
- Heart Valve Surgery (Open Heart Replacement or repair of Heart Valves)
- Surgery to aorta Heart and Artery Benefit
- Cardiomyopathy
- Primary (Idiopathic) Pulmonary hypertension
- Open Chest CABG
- Blindness
- End stage Lung Failure (Chronic Lung Disease)
- End stage Liver Failure (Chronic Liver disease)
- Kidney Failure Requiring Regular Dialysis
- Major Organ/ Bone Marrow Transplant
- Apallic Syndrome
- Benign Brain Tumour
- Brain Surgery
- Coma of specified Severity
- Major Head Trauma
- Permanent Paralysis of Limbs
- Stroke resulting in permanent symptoms
- Alzheimer's Disease
- Motor Neurone Disease with Permanent Symptoms
- Multiple Sclerosis with Persisting Symptoms
- Muscular Dystrophy
- Parkinson's Disease
- Poliomyelitis
- Loss of Independent Existence
- Loss of Limbs
- Deafness
- Loss of Speech
- Medullary Cystic Disease
- Systematic lupus Eryth with Renal Involvement
- Third degree Burns (Major Burns)
- Aplastic Anaemia
Benefit3
Waiver5
throughout the policy term
ready!
- Colored Photo
- Passport
- Masked Aadhar
- Voters ID
- Driver's License
- Passport
- Masked Aadhar
- Driver's License
- Birth Certificate
- Baptism Certificate or PAN card
- PAN card/ Form 60
- Last 6 months Bank statement with salary credit
- Form 16
- Last 3 years ITR with Computation of Income (COI)
- Last 3 months slary slip + Last 6 months bank statement showing salary credit
The health checkup is part of our onboarding process and is completely free. It helps us in assessing your health conditions and also enables us to issue your policy accordingly.
We understand your anxiety in these uncertain times, but we assure you that all the safety protocols will be followed whether the checkup is conducted at your home or a diagnostic center.
If due to any unforeseen and unfortunate circumstances, we are not able to offer you this policy your premium amount will be refunded without any deductions.