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										5% discount ‘ throughout
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Term Insurance Calculator

I identify as

Choose 'Yes' if you have smoked or chewed tobacco in the last 12 months

I consume Tobacco

Yes

Personal details fields are not mandatory.

Date Of Birth XX years old Enter valid date of birth

Existing customers can enter the registered mobile number to avail a shorter application form and waiver of documents (if applicable)

Mobile Number Enter valid mobile number

Email ID Enter valid email id

Your life insurance cover limit will be calculated basis your income. You may be asked to provide an income proof at the time of purchase.

Annual Income

Select annual income

Occupation

Educational Qualification

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City Enter valid city Select valid city

By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life and its representatives to contact me through call,WhatsApp or E-mail. I further consent to share my information on confidential basis with third parties for evaluating and processing this proposal. If you wish to calculate your term insurance premium without sharing your personal details, Click Here.

For Smoker profiles, the premium calculated is inclusive of an additional premium.

Know how limited pay works

Watch Video

Here’s what a 32-year-old healthy male with a life cover of ₹ 1 crore and policy term of 53 years would pay¹

Limited Pay

If you pay for

5 years

7 years

10 years

Monthly premium : ₹ 9,251

Total premium : ₹ 5,55,060

Saved ₹ 7,05,492

Savings 55.96%

Regular Pay

If you pay for

53 years

Monthly premium : ₹ 1,982

Total premium : ₹ 12,60,552

Savings 0%

Benefits of ICICI Pru iProtect Smart Plan

Affordable
Premiums²

Term insurance is the simplest form of life insurance. It is affordable and can be bought without any assistance. You can save on premium by choosing from limited pay options, where you pay for limited time period and get cover for the complete policy term.

Limited premium payments

Choose to pay only for a limited number of years (5, 7 or 10)^**

1 Day Claim
Settlement^*

We guarantee one day claim settlement in a quick and hassle-free manner, when your family needs it the most. In case of delay, we will pay the nominee interest on the claim amount for every day of delay beyond one working day.

34 Critical Illnesses
Cover^## (Optional)

You can get 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^##

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

Accidental
Death Cover (Optional)⁹

Your nominee can get a higher payout in case of your unfortunate demise due to an accident.
You can attach additional accidental death cover with the policy up to ₹2 crore.

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 death benefit and rider payouts are tax free.

Terminal Illness
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 policy at no extra cost.

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 policy without any extra cost to you

CORRECT INFORMATION

Right Information.
Faster Processes

Right Information. Faster Processes

Please answer all questions correctly as they will be used to establish your eligibility for ICICI Pru iProtect Smart. This will also help in avoiding any delays in policy issuance and claim settlement.

STEP 1

Report Claim

You can report your claims online, at our branches, at our central office, on our central ClaimCare helpline, through SMS or e-mail

STEP 2

Process

Our special ClaimCare team will assess your claim, and inform you in case any further documents need to be submitted

STEP 3

Settle

Once your claim is intimated, and we receive all the relevant documents, we will settle your claim

ICICI EMPLOYEE DISCOUNT

Get 10% discount
throughout the policy term

NT ID Enter valid NT ID

Password Enter valid password

Discount continues even if you discontinue service with ICICI Group

Please wait while we are authenticating your information...

Employee discount applied

YOUR PREMIUM

₹ / month

After 10% employee discount

Premium Break Up

Base Premium

₹2,099 / month

Critical Illness

₹2,099 / month

Accidental Death

₹2,099 / month

Tobacco
Consumption

Choose 'Yes' if you have smoked or chewed tobacco in the last 12 months

Premium Frequency

Select your premium payment frequency

Yearly

Additional 2.5%⁷ off on premiums

Monthly

Half-Yearly

LIST OF ITEMS

Keep these documents
handy!

Keep these documents handy!

Recent photograph
Aadhaar Card (front & back) / Driving License / Passport (front & back)
Income Proof (required only for Sum Assured & ₹50 lakhs)
1. If you are salaried – latest Form 16 / last 6 months bank statement where salary gets credited / latest 3 years ITR / latest 3 months salary slip
2. If you are self-employed – last 3 years ITR with computation of income

NEED HELP?

GIVE US A CALL

For buying a policy online (toll free)
1800 267 9777
Call centre hours 9:00 a.m. - 9:00 p.m on all days

To check status of policy bought online
1800 267 9997
Call charges apply. Timings- 10:00 a.m. to 7:00p.m.
Monday to Saturday (except national holidays)

QUICK GUIDE

What is a Term Plan?

Term Insurance plan is a simple and pure risk cover form of life insurance. It provides financial protection to your family against a fixed premium paid for a specified term. You can get a large amount of life cover (sum assured) at affordable premiums. The nominee receives the death benefit in case of death of the policyholder

QUICK GUIDE

When should I buy a term plan?

The earlier you buy a Term Plan, the better it is as the premiums are lower when you are young. Also, with current lifestyles and increasing instances of illnesses, it may become difficult to get a term plan later, as you grow older

Anil
30 years old
Non-smoker

ICICI Pru
iProtect Smart

Policy duration:
30 years

Premium:
₹885 p.m

Arun
40 years old
Non-smoker

ICICI Pru
iProtect Smart

Policy duration:
30 years

Premium:
₹1,784 p.m

QUICK GUIDE

Who should buy a term plan?

Parents
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

QUICK GUIDE

How much life cover do I need?

The life cover you need depends on your current annual income. We recommend that a life cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family

If budget is a problem, you can go for a monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised

QUICK GUIDE

What is limited pay option?

With the limited pay option, you can pay premiums for a specific pre-agreed period of time (5, 7 or 10 years) and enjoy the life cover for the whole policy duration, irrespective of the premium payment period. You can save up to 65%^† over the entire policy duration with this option

QUICK GUIDE

Which payout option should I choose?

ICICI Pru iProtect Smart has four payout options:

Lump sum - The entire life cover is payable as a lump sum (single payment)

Regular income - 10% of the life cover is payable every year for 10 years. This is paid in equal monthly installments

Increasing Income - The life cover is payable in monthly installments for 10 years starting with 10% of the life cover in the first year. The income amount will increased by 10% per annum thereafter

Lump sum + Income - You have the flexibility to split the life cover amount that you want your nominee into two parts – one part of the life cover as a lump sum and the remaining life cover will be paid in equal monthly payments for 10 years

QUICK GUIDE

What is Accidental Death benefit⁹ (optional)?

In case the policyholder dies due to an accident during the policy term, the nominee/legal heir will be paid an extra amount. A maximum cover of ₹2 crore is available with this benefit, which you can add during purchase or even after the purchase

Anil
Age 30

Anil chooses a life cover of ₹1 crore with Accidental Death benefit cover of ₹50 lakh.

Anil
Age 45

Anil dies due to an accident and his nominee gets ₹1.5 crore

QUICK GUIDE

What is Critical Illness benefit^##(optional)?

Critical illness benefit pays claim amount on first diagnosis of any of the 34 critical illnesses. It means that just a photo copy of diagnosis report is needed and no hospital bills are required to initiate the claim. For women, there is an option to cover critical illnesses like breast cancer and cervical cancer as well. Once the claim for critical illness is paid out, the life insurance cover minus the critical illness cover stays in force with reduced premium.

QUICK GUIDE

What is Inbuilt Terminal illness benefit³?

If the policyholder is diagnosed with a terminal illness like AIDS, full sum assured is paid out immediately. This is an in-built benefit and thus, comes at no extra cost

Anil
Age 30

Anil buys ICICI Pru iProtect Smart with a life cover of ₹1 crore

Anil
Age 45

He is diagnosed with a terminal illness. His entire life cover amount is paid to him.

QUICK GUIDE

What is Inbuilt Permanent disability benefit⁵?

The policyholder does not need to pay future premiums in case of permanent disability due to an accident. The life cover continues for the entire policy term. This is an in-built benefit and thus, comes at no extra cost

Ajay
Age 32

Ajay buys ICICI Pru iProtect Smart with a life cover of 30 years and a policy term of 30 years

Ajay
Age 45

Ajay meets with an accident and he was not able to move, climb or bend. The company waived off all his future premiums and the life insurance cover stayed in force for the entire policy term.

QUICK GUIDE

What is a Term Insurance calculator?

A term insurance plan offers you a life cover in exchange for a premium. This premium is directly proportional to the sum assured and tenure of your plan. A high sum assured and long tenure may result in a high premium and interfere with your budget. On the other hand, a low sum assured and short tenure may get you a low premium but may not be adequate for your family’s future requirements.

Ascertaining the right premium, sum assured, and tenure can be confusing. But a term plan calculator can help you.

A term insurance calculator is an online tool that lets you calculate term insurance premium for your plan. You can use this calculator free of charge and understand the estimated premium amount of your desired plan. Using a term insurance calculator is simple and completely hassle-free. All you need to do is add a few details like your name, age, annual income, etc., and the calculator will calculate term insurance premium for you.

QUICK GUIDE

How does a term insurance calculator work?

The term insurance calculator takes into account details like your age, lifestyle habits like smoking or drinking, income, age, gender, policy term, sum assured, riders, etc. and calculates an estimated premium amount for the chosen plan. You can also choose premium payment options like monthly, half-yearly, annual, etc., to get a clear picture of the premium amount for each option.

The term plan calculator gives you estimate based on the information you feed. So, if you change any of the information, the calculator will show you a different result.

QUICK GUIDE

What factors determine your term plan premium?

Various factors can determine your term plan premium, such as your age, gender, income, lifestyle habits, occupation, policy term, sum assured amount, additional riders, medical history, premium payment term, and the frequency of premium payment.

QUICK GUIDE

Steps to use the term insurance premium calculator

You can follow these steps when using a term insurance 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

The term plan calculator will provide you with an estimated premium amount instantly. If you are not satisfied with the result, you can tweak the information, like increase or decrease the life cover amount, shorten or extend the policy tenure, add or remove riders, etc.

Annual
Income

Your life insurance cover limit will be calculated basis your income. You may be asked to provide an income proof at the time of purchase.

Mobile
Number

Existing customers can enter the registered mobile number to avail a shorter application form and waiver of documents (if applicable)

Your contact details

This helps us save your plan details, so that you can pick up from where you left off. We respect your privacy and won't share them with anyone else.

Mobile Number Enter valid mobile number Enter valid mobile number

Email ID Enter valid email id Enter valid email id

Receive quote on WhatsApp 8467 839 930

Accidental Death Cover⁹

Accidental Death
Cover⁹

The nominee will get a higher payout in case of death of the policyholder due to an accident. Accidental Death benefit is of up to ₹2 crores.

34 Critical Illnesses Cover^##

34 Critical
Illnesses Cover^##

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

Congratulations XYZ!!

As our valued customer, You are eligible for exclusive benefits

• A shorter application form which can be completed quickly

• Waiver of required documents, wherever applicable

Consistent
claim settlement ratio

Over the years, we have successfully maintained a solid track record in claims settlement. The Claims Settlement Ratio for all life insurance companies is published in IRDAI's Annual Report. This ratio is based on the volume of claims settled, and ours is one of the best in the industry. Check out our historical claim settlement ratios below:

2019 - 2020

97.8 %

2018 - 2019

98.58 %

2017 - 2018

97.88 %

2016 - 2017

96.68 %

2015 - 2016

96.2 %

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