|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^|
You can start this plan from the age of 18. But, the maximum age should not exceed 60 years.
Your minimum age when the plan ends should be 23 years and the maximum age should not exceed 75 years.
|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|
Yes, you can pay premiums either yearly, half-yearly or monthly.
You can choose to pay the premium once, for a limited period or throughout the policy term.
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.
Your family will receive the combined lump sum amount of Life Cover + Accident Cover chosen by you.*
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.
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.
Life cover of ₹ 50 lakh with policy term 30 years and regular premium payment
Critical Illness Benefit of ₹ 20 lakh
₹ 20 lakh is paid to her as a lump sum and the policy continues with the Sum Assured reduced to ₹30 lakh
Nominee gets lump sum death benefit of ₹ 30 lakh and the policy terminates.
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.
Life Cover ₹ 1 Crore with policy term 30 yrs and regular premium payment
His family received a monthly income of ₹ 83,333 for 10 years
Premium rates show in the illustrations above are exclusive of taxes.
Step 1 – Claim Reporting
Step 2 – Claim Processing
Step 3 – Claim Settlement
^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)