Why is ICICI Pru iProtect Smart special?

Secure your loved ones even in your absence
ICICI Pru iProtect Smart provides a lump sum pay-out to your nominee in case of an unfortunate event. This amount can be used to help meet regular expenses and repay any loans that you may have.
Choice of protectionDepending on the needs of your family, you can choose the events against which you want to secure your loved ones. ICICI Pru iProtect Smart offers complete protection against various unforeseen events such as, death, permanent disability, terminal illness, critical illness and accidental death.
Pay-out to you in case of 34 critical illnesses (Life & Health Benefit Option, All-in-one Benefit Option)We understand that if you are diagnosed with a life-threatening disease, the burden of medical costs and liabilities falls upon you and your loved ones. The company pays you Critical Illness (CI) Benefit as a lump sum amount. This will help you meet the cost of medical care and manage regular expenses during difficult times. This pay-out is made irrespective of immediate hospitalisation or medical costs due to the illness.
Additional pay-out in case of an accident (Life Plus Benefit Option and All-in-one Benefit Option)In case of death due to an accident, the company offers a pay-out that is double the Life Cover opted by you. This pay-out is subject to a maximum of ₹ 2 crore.
Waiver of premium in case of Permanent DisabilityIn case of permanent disability due to an accident, the company waives all future premiums and your policy continues uninterrupted.
Increase your Life Cover at important milestones of lifeYou can select a payment term that you are most comfortable with. You can pay the premium once, throughout the policy duration or for a limited period. You also have the option to choose the payments to be made yearly, half-yearly or monthly.
Pay premiums as per your comfortYou can select a payment term that you are most comfortable with. You can pay the premium once, throughout the policy duration or for a limited period. You also have the option to choose the payments to be made yearly, half-yearly or monthly.
Get tax benefits

You get three types of tax benefits under this plan.

  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 your nominee is tax free under section 10(10D).

Product Snapshot

Premium starts from ₹ 2,400 (Under Life Option)
Critical Illness Benefit 34 critical illnesses covered (Life+ Health & All In One)
Get life cover upto 75 years (Under Life Option)
Claims Settlement Ratio 96.68% in for FY 2016-17^


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 60 years.

How old should I be when the plan ends?

Your minimum age when the plan ends should be 23 years and the maximum age should not exceed 75 years.

How long does the policy last?


Benefit Option Regular Pay Limited Pay One Pay
Life 5 - 40 years 10 - 40 years 5 - 20 years
Life Plus 5 - 40 years 10 - 40 years 5 - 20 years
Life & Health 5 - 30 years 10 - 30 years Not applicable
All-in-one 5 - 30 years 10 - 30 years Not applicable


Can I pay the premium yearly, half-yearly or monthly?

Yes, you can pay premiums either yearly, half-yearly or monthly.

How many years do I have to pay premiums for?

You can choose to pay the premium once, for a limited period or throughout the policy term.

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 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.


Illustration 1

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.

Illustration 2

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.

Premium rates show in the illustrations above are exclusive of taxes.


We settle your claim in 3 quick and simple steps

Step 1 – Claim Reporting

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

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

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


^As per Company Annual Report.

* Subject to a maximum limit as per the company policy

Tax benefits can be availed subject to issuance of policy and other conditions as per prevailing tax laws.

@Critical Illness Benefit is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the Critical Illness Benefit paid. To know more, please refer the product brochure ICICI Pru iProtect Smart (UIN: 105N151V02)