Benefit details

  • Additional benefits
  • Free inbuilt benefits
  • Other benefits

34 Critical Illnesses Benefit Option##

Get covered against 34 specified critical illnesses such as cancer and heart attack. 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.

Accidental Death Cover Option9

Get additional life cover (up to ₹ 2 crore) in case of death due to an accident. Death due to an accident often involves extra costs and this will ensure that your family is sufficiently secured in case of such an unfortunate incident.

Tax Benefits upto ₹ 54,600^

All premiums paid and benefits received are eligible for tax benefits under Sections 80D,80C and 10(10D).

One Day Claim Settlement*

Ensure quick and hassle-free claims service when your family needs it the most. We guarantee one day settlement for all death claims, with interest payable for every day of delay beyond one working day.

In-Built Terminal Illness Benefit3 (Free)

Terminal illnesses are those that would likely lead to death within 6 months of being detected (e.g. AIDS). They are not only life threatening but also spell financial ruin. We guarantee full claim pay out immediately in case the life assured is diagnosed with a terminal illness. This benefit comes in-built with the policy without any extra cost to you.

In-Built Permanent Disability Waiver5 (Free)

In case the life assured develops a permanent disability due to an accident during the policy term, that adversely affects his/her daily life, all future premiums are waived off while life cover continues as is. This benefit comes in-built with your policy without any extra cost to you.

Benefit Illustration

Priya’s Story Anil’s Story

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.

ICICI Pru iProtect Smart,

Annual Premium ₹13,684 for Life Cover ₹50 lakh with policy term 30 years and regular premium payment Critical Illness Benefit of ₹20 lakh

Get Double Benefit
Age 30 Priya’s unfortunate Death Age 4532 Age
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
Premium Payment term
40 years diagnosed with
a Critical Illness
maturity-amount
₹
Nominee gets
₹30 lakh
lump sum death benefit
and the policy terminates
₹20 lakh is paid to her as a lump sum & the policy continues with the Sum Assured reduced to ₹30 lakh

Annual Premium will get reduced to ₹4,812

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.

ICICI Pru iProtect Smart,

Annual Premium ₹14,395 for Life Cover ₹1 Crore with policy term 30 years & regular premium payment

Get Double Benefit
Age 30 Anil’s unfortunate Death Age 45 32 Age
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
Premium Payment term
maturity-amount
₹
Nominee gets
₹83,333
as a monthly
income for 10 years

Benefit

In-Built Terminal Illness Benefit3
We guarantee full claim pay out immediately in case the life assured is diagnosed with a terminal illness (Any disease that would likely lead to death within 6 months of being detected)
In-Built Permanent Disability Waiver5
In case the life assured develops a permanent disability, all future premiums are waived off while life cover continues as is
34 Critical Illnesses Benefit Option##
Get covered against 34 specified critical illnesses such as cancer and heart attack. Claims are paid on first diagnosis with no hospital bills needed. Policy will continue with the life cover reduced by the extent of the critical illness benefit paid.
Accidental Death Cover Option9
Get additional life cover (up to ₹ 2 crore) in case of death due to an accident. Death due to an accident often involves extra costs and this will ensure that your family is sufficiently secured in case of such an unfortunate incident.
One Day Claim Settlement*
Ensure quick and hassle-free claims service when your family needs it the most. We guarantee one day settlement for all death claims, with interest payable for every day of delay beyond one working day.
Tax Benefits upto ₹ 54,600^
All premiums paid and benefits received are eligible for tax benefits under Sections 80D,80C and 10(10D).