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Secure your loved ones with our term plan

Since its launch ICICI Pru iProtect Smart has become our top selling plan online (Source: Company BuyOnline data - Dec 2015 till Sep 2018). This term plan offers protection for your family and critical illness cover for you(optional). Critical illness cover is a very popular benefit among consumers with 1 out of 3 people selecting this benefit (Source: Company BuyOnline data – Sep 2018 till date).

Here are 7 things you must know about our term plan

After paying your monthly rent, light and phone bills, a term life insurance premium can be difficult. ICICI Pru iProtect Smart’s affordable premiums make sure it isn’t. Just what your wallet asked for. Moreover, you have the option to make the payments in yearly, half-yearly or monthly mode.

Sample premium sheet for a healthy non-smoking male is as under :

Age Life Cover (₹) Policy Term Annual Premium (₹)
30 years 50 Lakh 45 years 7,088
30 years 1 Crore 45 years 12,970
35 years 50 Lakh 40 years 8,590
35 years 1 Crore 40 years 15,758

The best time to buy life insurance is now. As buying now will ensure that you get life cover at low premiums and desired term. Our plan has the provision to cover you till age 99.

Maximum policy term for some ages is mentioned below:

Age at which ICICI Pru iProtect Smart is bought Regular pay
Maximum Term Cover till age of
25 74 years 99
30 69 years 99
35 64 years 99
40 59 years 99

It is advisable that you take term life cover for your earning years because by then you would have paid off your liabilities and you may not have family dependent on your income.

Term Life Insurance is for your family’s security. But what happens when a critical illness strikes and your life hangs in balance? ICICI Pru iProtect Smart gives claim payout on first diagnosis of any of the covered 34 Critical Illnesses^ . No Hospital Bills required.

That’s correct no hospital bills required, we only need a copy of your diagnosis report. What's more? this health benefit covers you for 30 years without any change in premium. It is a popular option amongst buyers where 1 in 3 people go for this option. Source: Company BuyOnline data - Dec 2015 till date.

Sometimes you may make lumpsum payments, such as for your child’s education and sometimes you just need monthly income, say for Home loan EMIs. Give your nominees the choice to receive insurance money, as per their needs with 4 payout options of ICICI Pru iProtect Smart.

Options Details
Lump Sum This is our most popular Payout option. Source: Company BuyOnline data - Dec 2015 till date. The Life Cover will be paid together as a fixed lump sum. For example, if you choose a Life Cover of ₹ 1 crore, your nominee will receive the same as lump sum amount.
Income Premium under this payout option is the lowest. You can choose this option if you want your wife or children (nominee) to receive a regular monthly income. With this option, 10% of the benefit amount is payable every year for 10 years. This will be paid in equal monthly installments, in advance, at the rate of 0.83333% of the total benefit amount. This means, for a Life Cover of ₹ 1 crore, the monthly income paid will be ₹ 83,333.
Your nominee can also choose to receive the first year’s income, equal to ₹ 10 lakh, as lump sum. After this, the monthly installments will continue from subsequent month for 9 years at the rate of 0.80% of the total benefit amount, i.e., ₹ 80,000 per month.
Increasing Income This payout option gives 45% more life cover. if your Life Cover is ₹ 1 crore, then your nominee will receive ₹ 10 lakh in the first year, ₹ 11 lakh in the second year, ₹ 12 lakh in the third year and so on. At the end of the 10th years, total life cover received will be ₹ 1.45 crore.
You can choose this option if you want your wife or children (nominee) to receive an increasing regular income. Your nominee will receive monthly installments for 10 years. The income amount will increase by 10% p.a. simple interest every year.
Lump Sum plus Income This is our new payout option. With this option, the Life Cover will be paid in two parts as selected by you at policy inception. For example, if your life cover is ₹ 1 crore, you can choose to give ₹ 50 lakh as lumpsum and remaining Rs 50 Lakh will be paid out in equal monthly installments of ₹ 41,667 per month, at the rate of 0.83333% per month over 10 years.

Terminal illnesses such as AIDS are not only life threatening but can also spell financial ruin. ICICI Pru iProtect Smart helps you give them that last fight, paying your insurance money before death. The terminal illnesses benefit is available with all plan options and it covers AIDS too.

Terminal Illness refers to the high likeliness of death within the next six months as diagnosed by medical practitioners that specialise in the same.

Road, Train accidents happen all the time. Insurance can’t stop them, but it can mitigate the financial effects. ICICI Pru iProtect Smart lets you add accidental cover of your choice during purchase or, even after purchase.

For example if you buy life cover of ₹ 1cr with accident benefit of ₹ 50 Lakh, your nominee will get ₹ 1.5 crore in case of death due to accident. Maximum accident cover available with this benefit is ₹ 2 crore. 2 amongst 5 buyers prefer to go with this option. Source: Company BuyOnline data - Dec 2015 till date.

Last thing you want after buying a term plan is insurance money not given to your near ones, like to your wife or children. Your relatives /creditors may wrongfully claim the insurance amount. You have the option to protect it with us, by buying our online term plan ICICI Pru iProtect Smart under Married Women’s Property Act (MWP Act).

This will help in the payment of full life insurance claim amount to your wife and/or children. Removing that last line of worry from your head.

Product Snapshot
Premium starts from 2,400 (Under Life Option)
Critical Illness Benefit (optional) 34 critical illnesses covered (Life+ Health & All In One)
Get life cover upto 99 years
Claims Settlement Ratio` 97.88% in FY2017-18^

`Claim statistics are for FY2017-18 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.

^As per IRDAI Report.

Does this plan have waiver of premium?

In case of permanent disability due to an accident, the company waives all future premiums and your policy continues uninterrupted.

Does this plan provide tax benefits?

Yes, it gives three types of tax benefits.

  1. Premiums paid are tax-free under section 80 C.
  2. When you opt for Critical Illness benefit you can get additional tax benefit under section 80D.
  3. Claim amount received by you or your nominee is tax free under section 10(10D).

Tax benefits under the policy are subject to conditions under Sec. 80C, 80D,10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

Can I buy this plan online?

Yes, you can buy this plan online on your desktop or on your mobile phone. Buying online gives additional discount and takes just 10 minutes to complete the purchase (subject to realisation of payment and documents).

Can I buy this plan under Married Women's Property (MWP) Act?

Yes, you can buy this plan under MWP act. In fact, you can attach MWP act even when you are buying online. All you have to do is tick "yes" in the MWP act question which appears in the application form.

Is death due to suicide included in this plan?

Yes, death due to suicide is covered in this plan. If death of the policy holder happens due to suicide within a year, the nominee or beneficiary of the policyholder shall be entitled to 80% of the premiums paid till the death, provided the policy is in force.

At what age can I start this plan?

You can start this plan from the age of 18. But, the maximum age should not exceed 65 years.

How much premium do I have to pay?

The premium will depend on the Life Cover amount and other Benefit Options you choose. It starts from ₹ 2,400 per annum excluding taxes as applicable for Life Option.

How much money will my family receive in case of death due to an accident?

Your family will receive the combined lump sum amount of Life Cover + Accident Cover if chosen by you.

How much Critical Illness Benefit can I choose?

The minimum Critical Illness Benefit you can choose is 1 lakh. The maximum benefit will be up to the basic Life Cover subject to maximum of 1 crore, as per the company policy.

When do I receive Critical illness pay-out?

This benefit is payable when you are diagnosed for the first time with any of the 34 critical illnesses covered by ICICI Pru iProtect Smart. A copy of the diagnosis report is enough to initiate the critical illness claim.

Does my Life Cover or Premium change after I receive the critical illness benefit?

Yes, the Life Cover will reduce by the value of the Critical Illness Benefit paid to you. As a result, the future premiums you have to pay will reduce as well.

What are the protection benefits available in this plan?

  1. Death and Terminal Illness: Your nominee receives the Life Cover amount in case of your death. You get 100% cash payout of the total life cover amount if you are diagnosed with terminal illness. The policy will close on payment of either the death benefit or the terminal illness benefit. Terminal Illness refers to the high likeliness of death within the next six months as diagnosed by medical practitioners that specialise in the same. To know more about the details of Terminal Illness, refer to the information provided in the product brochure.
  2. Permanent Disability: The company pays all due premiums on your behalf in case of permanent disability caused due to an accident. Permanent Disability~ will be triggered if you are unable to perform 3 out of the 6 following activities permanently and consistently for 6 consecutive months:
    1. Mobility: The ability to walk a distance of 200 meters on flat ground.
    2. Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability to get into a standard car, and out again.
    3. Climbing: The ability to climb up a flight of 12 stairs and down again, using a handrail if needed.
    4. Lifting: The ability to pick up an object weighing 2 kg at table height and hold it for 60 seconds before replacing the object on the table.
    5. Writing: The ability to write using a pen or pencil, or type using a computer's keyboard.
    6. Blindness (permanent and irreversible): Permanent and irreversible loss of sight to the extent that even when tested with the use of visual aids, vision is measured at 3/60 or worse, using a Snellen eye chart.
  3. Accidental Death (optional): In case of death due to an accident, your nominee receives a lump sum amount called the Accident Cover*.
  4. Critical Illness (optional): On the first occurrence of any of the covered 34 critical illnesses, you receive a lump sum pay-out*.

Which Benefit is covered under which benefit option?

You can choose your level of protection by selecting one of the four benefit options to suit your need. The plan options are Life, Life Plus, Life & Health and All-in-one.

Death, Terminal Illness and Permanent Disability are covered irrespective of the plan option chosen as shown below:

Coverage in case of an unfortunate event Regular Pay
Life Life Plus Life & Health All-in-one
Death Yes Yes Yes Yes
Terminal Illness (including AIDS) Yes Yes Yes Yes
Waiver of all future premiums on permanent disability due to accident Yes Yes Yes Yes
Accidental Death No Yes No Yes
34 Critical Illness No No Yes Yes

Does this plan have single premium option?

Yes, this plan has single premium option. Here are the details:

Benefit Options Premium payment Minimum policy term Maximum policy term
Life Once 5 years 20 years
Life Plus Once 5 years 20 years
Life & Health NA NA NA
All-in-one NA NA NA

Does this plan increase life longer during marriage or birth of a child?

Yes, ICICI Pru iProtect Smart gives you this facility, with life stage protection, under all its plans without any medicals.

Event Additional Life Cover (calculated as a percentage of the original Life Cover) Maximum Additional Life Cover allowed (₹)
Marriage 50% 50,00,000
Birth/Legal Adoption of 1st Child 25% 25,00,000
Birth/Legal Adoption of 2nd Child 25% 25,00,000

Subject to a maximum limit as per company policy.

Additional premium will be calculated according to the increased Life Cover and the remaining policy period.

Does this plan have waiver of premium?

In case of permanent disability due to an accident, the company waives all future premiums and your policy continues uninterrupted.

Does this plan provide tax benefits?

Yes, it gives three types of tax benefits.

  1. Premiums paid are tax-free under section 80 C.
  2. When you opt for Critical Illness benefit you can get additional tax benefit under section 80D.
  3. Claim amount received by you or your nominee is tax free under section 10(10D).

Tax benefits under the policy are subject to conditions under Sec. 80C, 80D,10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

Can I buy this plan online?

Yes, you can buy this plan online on your desktop or on your mobile phone. Buying online gives additional discount and takes just 10 minutes to complete the purchase (subject to realisation of payment and documents).

Can I buy this plan under Married Women's Property (MWP) Act?

Yes, you can buy this plan under MWP act. In fact, you can attach MWP act even when you are buying online. All you have to do is tick "yes" in the MWP act question which appears in the application form.

Is death due to suicide included in this plan?

Yes, death due to suicide is covered in this plan. If death of the policy holder happens due to suicide within a year, the nominee or beneficiary of the policyholder shall be entitled to 80% of the premiums paid till the death, provided the policy is in force.

At what age can I start this plan?

You can start this plan from the age of 18. But, the maximum age should not exceed 65 years.

How much premium do I have to pay?

The premium will depend on the Life Cover amount and other Benefit Options you choose. It starts from ₹ 2,400 per annum excluding taxes as applicable for Life Option.

How much money will my family receive in case of death due to an accident?

Your family will receive the combined lump sum amount of Life Cover + Accident Cover if chosen by you.

How much Critical Illness Benefit can I choose?

The minimum Critical Illness Benefit you can choose is 1 lakh. The maximum benefit will be up to the basic Life Cover subject to maximum of 1 crore, as per the company policy.

When do I receive Critical illness pay-out?

This benefit is payable when you are diagnosed for the first time with any of the 34 critical illnesses covered by ICICI Pru iProtect Smart. A copy of the diagnosis report is enough to initiate the critical illness claim.

Does my Life Cover or Premium change after I receive the critical illness benefit?

Yes, the Life Cover will reduce by the value of the Critical Illness Benefit paid to you. As a result, the future premiums you have to pay will reduce as well.

What are the protection benefits available in this plan?

  1. Death and Terminal Illness: Your nominee receives the Life Cover amount in case of your death. You get 100% cash payout of the total life cover amount if you are diagnosed with terminal illness. The policy will close on payment of either the death benefit or the terminal illness benefit. Terminal Illness refers to the high likeliness of death within the next six months as diagnosed by medical practitioners that specialise in the same. To know more about the details of Terminal Illness, refer to the information provided in the product brochure.
  2. Permanent Disability: The company pays all due premiums on your behalf in case of permanent disability caused due to an accident. Permanent Disability~ will be triggered if you are unable to perform 3 out of the 6 following activities permanently and consistently for 6 consecutive months:
    1. Mobility: The ability to walk a distance of 200 meters on flat ground.
    2. Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability to get into a standard car, and out again.
    3. Climbing: The ability to climb up a flight of 12 stairs and down again, using a handrail if needed.
    4. Lifting: The ability to pick up an object weighing 2 kg at table height and hold it for 60 seconds before replacing the object on the table.
    5. Writing: The ability to write using a pen or pencil, or type using a computer's keyboard.
    6. Blindness (permanent and irreversible): Permanent and irreversible loss of sight to the extent that even when tested with the use of visual aids, vision is measured at 3/60 or worse, using a Snellen eye chart.
  3. Accidental Death (optional): In case of death due to an accident, your nominee receives a lump sum amount called the Accident Cover*.
  4. Critical Illness (optional): On the first occurrence of any of the covered 34 critical illnesses, you receive a lump sum pay-out*.

Which Benefit is covered under which benefit option?

You can choose your level of protection by selecting one of the four benefit options to suit your need. The plan options are Life, Life Plus, Life & Health and All-in-one.

Death, Terminal Illness and Permanent Disability are covered irrespective of the plan option chosen as shown below:

Coverage in case of an unfortunate event Regular Pay
Life Life Plus Life & Health All-in-one
Death Yes Yes Yes Yes
Terminal Illness (including AIDS) Yes Yes Yes Yes
Waiver of all future premiums on permanent disability due to accident Yes Yes Yes Yes
Accidental Death No Yes No Yes
34 Critical Illness No No Yes Yes

Does this plan have single premium option?

Yes, this plan has single premium option. Here are the details:

Benefit Options Premium payment Minimum policy term Maximum policy term
Life Once 5 years 20 years
Life Plus Once 5 years 20 years
Life & Health NA NA NA
All-in-one NA NA NA

Does this plan increase life longer during marriage or birth of a child?

Yes, ICICI Pru iProtect Smart gives you this facility, with life stage protection, under all its plans without any medicals.

Event Additional Life Cover (calculated as a percentage of the original Life Cover) Maximum Additional Life Cover allowed (₹)
Marriage 50% 50,00,000
Birth/Legal Adoption of 1st Child 25% 25,00,000
Birth/Legal Adoption of 2nd Child 25% 25,00,000

Subject to a maximum limit as per company policy.

Additional premium will be calculated according to the increased Life Cover and the remaining policy period.

Priya is a 32 year old, healthy female who works as a marketing consultant. She has taken a home loan. Realizing the need for protection in her fast-paced life, Priya wants to be well prepared for unforseen circumstances in life. ICICI Pru iProtect Smart - Life and Health option is the perfect solution for her needs.
The premium rates mentioned above are exclusive of service tax.
Anil is a 35 year old healthy male who works as a project manager in an IT company. Anil wants to ensure that his wife, three year old son and retired father live a comfortable life in case of his untimely death. He chooses ICICI iProtect Smart - Life option with Death Benefit of 1 crore with Income Payout option which will ensure an adequate monthly income for his family.
The premium rates mentioned above are exclusive of applicable taxes.

We settle claims in 3 quick and simple steps.

Step 1 – Claim Reporting

report-claim
The first step involves reporting your claims. You can report your claims online, at our branches, at our central office, on our central ClaimsCare helpline, through SMS or e-mail*

Step 2 – Claim Processing

claim-review
Our special ClaimCare team will assess your claim, and inform you within 8 calendar days in case any further documents need to be submitted.

Step 3 – Claim Settlement

claim-settlement
Once your claim request is approved and we receive all the relevant documents, we will settle your claim within 12 calendar days.**

*Please note that your claim will be formally registered only after you provide us a written request of your claim at our branch or Claims Cell office.

**Provided no investigation is required.

Disclaimer

* The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female, 18-25yrs age as per details details captured earlier & assumed non-smoker for a policy term of 50 years with regular payout option. The premium amounts are inclusive of taxes.

+ The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female, 26-28yrs age as per details details captured earlier & assumed non-smoker for a policy term of 40 years with regular payout option. The premium amounts are inclusive of taxes.

|| The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female, 29-39yrs age as per details details captured earlier & assumed non-smoker for a policy term of 30 years with regular payout option. The premium amounts are inclusive of taxes.

* The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female, less than 40 years age as per details captured earlier & assumed non-smoker for a policy term of 30 years with regular income payout option. The premium amounts are inclusive of taxes.

^^ The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female aged 40-49yrs basis age as per details captured earlier & assumed non-smoker for a policy term of 20 years with regular payout option. The premium amounts are inclusive of taxes.

^^ The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female aged 40-49 years basis age as per details captured earlier & assumed non-smoker for a policy term of 20 years with regular income payout option. The premium amounts are inclusive of taxes.

# The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female, aged 50 -60yrs age basis age as per details captured earlier & assumed non-smoker for a policy term of 10 years with regular payout option. The premium amounts are inclusive of taxes.

# The above premium rate is for iProtect Smart for Rs 50 Lakhs of life cover for a healthy male/female, greater than 50 years age basis age as per details captured earlier & assumed non-smoker for a policy term of 10 years with regular income payout option. The premium amounts are inclusive of taxes.

# The above mentioned premium rates are for ICICI Pru iProtect Smart and based on details you had submitted. If you buy this plan after your birthday, the premium will increase as mentioned above. The premium rates are inclusive of taxes.

^ The above mentioned premium rates are for ICICI Pru iProtect Smart and based on details you had submitted. If you buy this plan after your birthday, the premium will increase as mentioned above. The premium rates are inclusive of taxes.

* Based on average number of term plans sold online on our website between Apr 2017 - Feb 2018 for females.

* The above premium rate is for iProtect Smart for Rs 1 Crore of life cover for a healthy male, 30 years age & assumed non-smoker for a policy term of 20 years with regular income payout option, the annual premium amount for this assumption will be Rs. 6,182 and monthly premium will be Rs. 528. If you buy this plan after your birthday, the annual premium amount will be Rs. 6,417 and monthly premium will be Rs. 549. The premium amounts are inclusive of taxes.

* The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. The future premiums payable for the residual CI Benefit will reduce proportionately. In case the CI Benefit equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. Only doctor’s certificate confirming diagnosis needs to be submitted. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. To know more about the illnesses covered, please refer to the Sales brochure. Critical Illness Benefit is optional and available under Life and Health and All in One options.

~ Based on average number of term plans sold online on our website between Apr 2017 - Feb 2018 for females.

^ The premium rate mentioned is for your current age, term selected and the sum assured chosen and are inclusive of Tax.

Θ The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. The future premiums payable for the residual CI Benefit will reduce proportionately. In case the CI Benefit equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. Only doctor’s certificate confirming diagnosis needs to be submitted. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. To know more about the illnesses covered, please refer to the Sales brochure. Critical Illness Benefit is optional and available under Life and Health and All in One options.

^^ The above mentioned premium rate is for Rs 20 Lakhs of life cover and Rs 20 lakhs of accelerated critical illness cover for a 25 year old healthy non-smoker male for a policy term of 40 years with regular income payout option. The annual premium amount for this assumption will be Rs. 8,757 and monthly premium will be Rs. 748.

*The premium rate mentioned is for your current age, term selected and the sum assured chosen and are inclusive of Tax.

~ Based on number of policies sold online between January 2016 – February 2017.

The premium rate mentioned is for your current age, term selected and the sum assured chosen and are inclusive of Tax.

* The above mentioned premium rate is for iProtect Smart for Rs. 1 Crore of life cover for a 25 year old healthy male for a policy term of 21 years with regular income payout option. The annual premium will be Rs. 5725 & the monthly premium will be Rs. 490. The premium amounts are inclusive of taxes.

‘ The above mentioned premium rate is for iProtect Smart for Rs. 50 Lakh of life cover for a 25 year old healthy male for a policy term of 35 years with regular income payout option. The annual premium will be Rs. 4,340 & the monthly premium will be Rs. 372. The premium amounts are inclusive of taxes.

‘‘ The above mentioned premium rate is for Rs 1 Crore of Life cover and Rs 50 Lakhs of accidental death benefit for a 30 year old healthy male for a policy term of 15 years with regular income payout option. The annual premium amount for this assumption will be Rs. 8,949 and monthly premium will be Rs. 766. The premium amounts are inclusive of taxes.

# The above mentioned premium rate is for Rs 1 crore of life cover and Rs 10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 14 years with regular income payout option. The annual premium amount for this assumption will be Rs. 6,907 and monthly premium will be Rs. 590. Premium amount will differ according to the benefit option chosen

^ The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. The future premiums payable for the residual CI Benefit will reduce proportionately. In case the CI Benefit equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. Only doctor's certificate confirming diagnosis needs to be submitted. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. To know more about the illnesses covered, please refer to the Sales brochure. Critical Illness Benefit is optional and available under Life and Health and All in One options.

~ Based on number of policies sold online between January 2016 - February 2017.

+Accidental Death benefit is up to 2 Crores. Accidental Death Benefit is optional and available in Life Plus and All in One options. Accidental Death Benefit cover is available upto age 80.

** As per Money Today Financial Awards 2017-18

##5% discount on premium is applicable only for Regular and Limited pay policies. In case of Single Pay, discount applicable is 2% of Single Premium

1 For Terminal illness, policy will terminate on payment of this benefit.

2 Claim statistics are for FY2017-18 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.

3 Top Selling saving plan refers to ICICI Prudential Life Insurance plans which are bought by customers through the website with our Zero-Paper-Process.

4 ICICI Pru iProtect Smart has been voted product of the year 2016 in the consumer survey of product innovation in Life Insurance category. In a survey of over 7,000 people by Nielson.

5 Nothing herein contained shall operate to destroy or impede the right of any creditor to be paid out of the proceeds of any policy of assurance, which may have been effected with intent to defraud creditors. Unless taken otherwise with the intent to defraud creditors. In case of any third party claim in the Courts of India with regards the insurance proceeds, the amount shall be subject to the judiciary directions. Please seek professional legal advice for the applicability of this provision

6 Tax benefit of Rs 54,600(Rs 46,800 u/s 80C and Rs 7,800 u/s 80D) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on insurance premium u/s 80C of Rs 1,50,000 and health premium u/s 80D of Rs 25,000. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

8 The percentage saving computed is purely in terms of premium paid over the term of the policy and does not account for time & other factors that may happen during this period. It is one of the many features that the product offers and you can opt for it based on your individual needs.

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837

© 2016, ICICI Prudential Life Insurance Company Limited. Registered Address:- ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India). For enquires related to new policies purchased online, please call us on 1-860-266-7766 and select option 4 on our Interactive Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. UIN:105N151V04. Advt. No.: W/II/2729/2018-19

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Choose your life cover

  • For policy term
    • Pay regularly for 37 years
      Premium
      15,682
      (Incl of taxes) 5% online discount applied
    • Pay only for
      Premium
      15,682
      (Incl of taxes) 5% online discount applied
      Save 20% with this option 8
  • This option is available only for premium more than Rs. 3600. Please Increase Life Cover from edit panel to move forward.

To get this personalised quote share your contact details:

We will send the brochure link to the phone number
In case of any medical tests, your reports will be directly send to email ID
life cover
25 Lakhs
total premium
15,790
5% online discount applied
 
This option is available only for premium more than Rs. 3600. Please Increase Life Cover from edit panel to move forward.
  • Premium for
    life cover: 985
    Tax benefit under section 80c
  • Premium for
    critical illness: not selected 497
    Tax benefit under section 80D6
  • Premium for
    Additional Death Benefit : not selected 240
    Tax benefit under section 80c

For more financial protection, our customers choose:

  • Critical Illness Benefit
    @ 1500 / yearly
    List of illnesses covered
  • Accidental Death Benefit+
    @ 500 / yearly
life cover
25 Lakhs
total premium
15,790
5% online discount applied
This option is available only for premium more than Rs. 3600. Please Increase Life Cover from edit panel to move forward.
  view summary
  • Premium for
    life cover: 15,790
    Tax benefit under section 80C 6
  • Premium for
    critical illness: not selected 15,790
    Tax benefit under section 80D 6
  • Premium for
    Additional Death Benefit : not selected 15,790
    Tax benefit under section 80C 6

How should your family receive claim amount?

  • Lumpsum Payout Most popular
    • Receive the entire benefit as one payout
    • 74% of our customers choose this~
    • Helpful in case you have a large outstanding loan like a home loan
  • Lumpsum + Regular income NEW know more
    Choose lumpsum amount
    50% of Life Cover

    Your nominee will receive a lumpsum of
    10,00,000 + Regular income of amount
    20,000 every month for 10 years

    • Helpful to cover a small loan & provide your family with regular income
  • Regular income Lowest premium know more
    • Receive the payout as equal monthly installments over 10 years
    • 25% of our customers choose this~
    • Helpful in case the nominee is not used to handling a large sum of money at once
  • Increasing income 145% of Life Cover know more
    • Receive the payout as increasing monthly installments over 10 years. Payout increases by 10% simple interest every year.
    • Total payout will add up to 145% of the chosen life cover
    • Helpful to counter inflation and cover the increasing expenses every year
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life cover
25 Lakhs
total premium
15,790
5% online discount applied
This option is available only for premium more than Rs. 3600. Please Increase Life Cover from edit panel to move forward.
  • Premium for
    life cover: 15,790
    Tax benefit under section 80C 6
  • Premium for
    critical illness: not selected 15,790
    Tax benefit under section 80D 6
  • Premium for
    Additional Death Benefit : not selected 15,790
    Tax benefit under section 80C 6
    • (Payment term: 25 years)

Please keep your PAN & Aadhar card handy. You will need it at the time of application

How Does the product work

  • Anil, 32 Years old, Product Manager

    While he wants a term insurance to ensure that his family’s future is always secure, he also wants a critical illness benefit to cover the high medical treatment costs that come with a critical illness.

  • Priya, 35 Year old, Project manager

    She wants to ensure that her husband and 3 year old daughter have a secure financial future even in case of her untimely death. She chooses the Lump sum + Regular Income payout option.

How Does the product work

  • Priya, 35 Year old, Project manager

    She wants to ensure that her husband and 3 year old daughter have a secure financial future even in case of her untimely death. She chooses the Lump sum + Regular Income payout option.

  • Pooja, 32 Years old, Senior Software Engineer

    While She wants a term insurance to ensure that her family’s future is always secure, she also wants a critical illness benefit to cover the high medical treatment costs that come with a critical illness especially cancer.

How Does the product work

  • Anil, 32 Year old, Project Manager

    While he wants a term insurance to ensure that his family’s future is always secure, he also wants a critical illness benefit to cover the high medical treatment costs that come with a critical illness.

  • Amit, 35 Year old, Senior Software Engineer

    He wants to ensure that his wife and 3 year old daughter have a secure financial future even in case of his untimely death. He chooses ICICI Pru iProtect Smart. He chooses the Lump sum + Regular Income payout option

  • Anil buys ICICI Pru iProtect Smart

    • He chooses a life cover of 1 Crore & a critical illness cover of 20 lakhs
    • He chooses a Lump Sum payout option & a 43 year policy term
    • He pays an annual premium of 23,996 yearly (incl. of taxes)
    32 year old
  • Anil is diagnosed with a critical illness

    • Critical illness cover of 20 lakhs paid out as lump sum
    • Life cover reduces to 80 lakhs
    • Premium reduces to 19,154 (incl. of taxes)
    32 year old
  • Anil’s untimely death

    • His nominee gets a lump sum payout of 80 lakhs
    44 years old
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  • Priya buys ICICI Pru iProtect Smart

    • Priya chooses a life cover of 1 Crore
    • She chooses lump sum of 70 lakhs and regular income of 25,000 pm for 10 years
    32 years old
  • Priya’s death

    • Her husband and daughter get a lump sum amount of 70 lakhs and Regular Income of 25,000 every month for the next 10 years.
    52 years old
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  • Pooja buys ICICI Pru iProtect Smart

    • She chooses a life cover of 1 Crore & a critical illness cover of 20 lakhs
    • She chooses a Lump Sum payout option & a 43 year policy term
    • She pays an annual premium of 19,328 (incl. of taxes)
    32 years old
  • Pooja is diagnosed with a critical illness

    • Critical illness cover of 20 lakhs paid out as lump sum
    • Life cover reduces to 80 lakhs
    • Premium reduces to 10,931 (incl. of taxes)
    40 years old
  • Pooja’s death

    • Her nominee gets lumsum death benefit of 75 lakhs
    52 years old
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  • Amit buys ICICI Pru iProtect Smart

    • Amit chooses a life cover of 1 Crore
    • He chooses lump sum of 70 lakhs and regular income of 25,000 pm for 10 years
    35 years old
  • Amit’s death

    • His wife and daughter get a lump sum amount of 70 lakhs and Regular Income of 20,000 every month for the next 10 years.
    44 years old
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