ICICI Pru iProtect Smart POS Term Insurance Calculator

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Creating your personal application

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Creating your personal application

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97.8% claim settlement ratio ~

1 day death claim settlement *

Rs. 1.49 Lakh Cr benefits paid `

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offer
New ICICI Pru Term Insurance:
ICICI Pru POS iProtect Smart
Covers COVID-19 Claims8

Secure your family online easily & quickly

No Medicals
4-day issuance
  • Life cover upto ₹ 1 Crore at affordable rates
  • High claim settlement ratio of 97.8%~

offer Buy online & get a 5% discount throughout your policy term offer

offer Buy online & get a 5% discount throughout your policy term

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TERM INSURANCE CALCULATOR


(Please enter the city mentioned in your address proof like aadhar card, passport, etc.)
(Choose 'YES' if you have smoked or chewed tobacco in last 12 months)
(Choose 'YES' if you are an employee and receive a fixed and regular salary)
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I will get What is this ?

cover till 99 years of age
480 /
online discount applied throughout policy term'
1.

Additional benefits I can opt for

No benefits added

What is this ?

I will get What is this ?

480 /

Base Premium

920/month

+

Critical Illness

156/month

+

Accidental Death

240/month

Additional benefits I can opt for

Critical Illness Benefit Option156/month

We pay the entire cover amount on the first diagnosis of a critical illness.

View all 34 illnesses

50 Lakhs

Accidental Death Cover 156/month

Additional cover in case of an accidental death.

25 Lakhs

In my absence, my family will get

The entire amount in a single installment

Lumpsum payout of 1 Cr

One large amount + rest in installments

50% of Life Cover

Lumpsum payout of 50,00,000 +

Regular monthly income of 50,000 for 10 years

Regular monthly installments

Regular monthly income of 83,333 for 10 years

Increasing installments

Regular monthly income starting at83,333 increasing by 10% every year for 10 years

I will pay for

10 years - I stay covered for the entire policy term of 30 years

What is limited pay?
Save up to 65% with limited pay option
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TERM INSURANCE CALCULATOR


(Please enter the city mentioned in your address proof like aadhar card, passport, etc.)
(Choose 'YES' if you have smoked or chewed tobacco in last 12 months)
(Choose 'YES' if you are an employee and receive a fixed and regular salary)

Key benefits of our New Term Insurance Plan – ICICI Pru POS iProtect Smart

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Affordable Premiums

Get a large cover amount at the most economical premium rates that fit your budget.

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Accidental Death Benefit Option1

This optional benefit gives additional payout to your nominee in case of death due to an accident.

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Flexible payment options

You can choose to pay premiums online through net banking, credit/debit card, UPI, Google Pay, Amazon Pay or various wallets.

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Tax benefits up to ₹46,800^

Premium paid and benefits received are eligible for tax benefits U/S. 80C and 10(10D).

Simplified process to start your policy hassle-free

No medicals
Policy issued purely on non-medical basis
4-day issuance
Get your policy issued in just 4 days
Life cover up to 1Cr
Get death benefit of up to 1Cr lump sum

Simplified process to start your policy hassle-free

No medicals
Policy issued purely on non-medical basis
4-day issuance
Get your policy issued in just 4 days
Life cover up to 1Cr
Get death benefit of up to 1Cr lump sum

Eligibility Criteria3

  • Eligible for persons in the age group of 18 - 45 years in good health
  • Mandatory submission of income and address proofs
  • Available for people from select cities
  • The applicant should be a salaried employee with a graduate degree
3If you don't fulfill these eligibility criteria please visit your nearest branch to purchase this plan (ICICI Pru POS iProtect Smart)

Eligibility Criteria3

  • Eligible for persons in the age group of 18 - 45 years in good health
  • Mandatory submission of income and address proofs
  • Available for people from select cities
  • The applicant should be a salaried employee with a graduate degree
3If you don't fulfill these eligibility criteria please visit your nearest branch to purchase this plan (ICICI Pru POS iProtect Smart)

Reasons to buy online from ICICI Pru Life

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97.8% ~

Our claims settlement ratio for FY2019-20

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₹ 1.49 Lakh Cr`

Benefits paid up to March 31, 2020

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30 Day Return Policy

If not satisfied, you can return (free look) the policy and get your money back.

Please click here to download the product brochure

1Accidental Death benefit is equal to the sum assured chosen. Accidental Death Benefit (AD Benefit) is available in Life Plus option. AD Benefit is available for the policy term or till the age of 65 years, whichever is lower.

2Tax benefits subject to conditions under Section 80C,10(10D) and other provisions of the Income Tax Act,1961. Good and Service 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.

6Policy issuance is also subject to individual case eligibility criteria.

7Savings in yearly mode of premium payment are in the form of Modal Loadings. For monthly and Half-yearly mode of premium payment, modal loadings are 2.5% and 1.25% respectively.

8Our Life insurance policies cover COVID-19 claims under life insurance claims, subject to applicable terms and conditions of policy contract and extant regulatory framework.

#Life cover up to 1 Cr : Life cover is available for the policy term or till the age of 65 years whichever is lower, maximum Sum assured that can be selected is 1 Cr.

^Tax benefits of Rs. 46,800 (Rs. 46,800 u/s 80C) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge as per old tax regime)on life insurance premium u/s 80C of Rs. 1,50,000 and health premium u/s 80D of Rs. 25,000. Tax benefits subject to conditions under Section 80C, 10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service 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.

~This is computed basis individual claims settled over total individual claims for the financial year. For details, refer to the Annual Report for FY2019-20 on our Website.

`As per Financial Statements (Schedule 4- Benefits paid (Gross)) of the company, benefits paid since inception up to March 31, 2020.

&The premium of Rs. 529 p.m. has been approximately calculated for a 22 year old healthy male life with monthly mode of payment and premiums paid regularly for the policy term of 25 years with a lump sum Life Cover of Rs 1 crore. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra.

!Policy will be issued in 4 working days from the receipt of documents.

-The Average Claims TAT for FY2019 for Death Claim (Individual) is 2.34 days. Non-Investigated Claims from Last Document received to Disbursal date.

*Day 1 is counted from the day of receiving the last document. All due premiums in the policy must have been paid and the policy must have been active for a continuous period of 3 years. Mandatory document to be submitted at Branch Office before 3pm on a working day- Original policy certificate, copy of death certificate by local authority, Nominee’s current address proof, photo identity proof, Cancelled cheque, Copy of bank passbook, Copy of medico legal cause of death, Medical records (Admission notes, Discharge / Death summary, Test reports, etc.). For accidental death – Copy of FIR, Panchanama, Inquest report, Driving license. Claim documents submitted prior to 3pm will be considered for ULIP policies. Interest will be paid on claim amount for every day of delay beyond 1 working day. Applicable only for non-investigative death claims. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations.Total claim amount of all the policies is less than or equal to 1.5 crore.

5% discount is applicable on premiums.

``Based on number of policies sold online between January 2019 - December 2019, 33% of our online customers purchase the optional critical illness benefit rider with their policy.

ICICI Pru POS iProtect Smart UIN 105N173V02. W/II/1773/2020-21

© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.
Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license.

BEWARE OF SUSPICIOUS 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.

irdai cautions public against spurious calls and FICTITIOUS offers
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840/month

For a cover of 1 Crore for 30 years

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.


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I will get What is this ?

480 /
online discount applied throughout policy term'

I will get

cover till 99 years of age
1.

Additional benefits I can opt for

No benefits added

Accidental
Death Benefit

Additional cover in case of an accidental death.

at ₹ 50 / month
What is this ?

I will get What is this ?

5.75 Crores

1,480 /

Base Premium

920/month

+

Critical Illness

156/month

+

Accidental Death

240/month

Additional benefits I can opt for

Critical Illness Benefit Option## 156/month

We pay the entire cover amount on the first diagnosis of a critical illness.

View all 34 illnesses

50 Lakhs

Accidental Death Cover 156/month

Additional cover in case of an accidental death.

View all 34 illnesses

25 Lakhs

In my absence, my family will get

The entire amount in a single installment

Lumpsum payout of 1 Cr

One large amount + rest in installments

50% of Life Cover

Lumpsum payout of 50,00,000+

Regular monthly income of 50,000 for 10 years

Regular monthly installments

Regular monthly income of 75,000 for 10 years

Increasing installments

Regular monthly income starting at83,333 increasing by 10% every year for 10 years

I will pay for

10 years - I stay covered for the entire policy term of 30 years

What is limited pay?
Save up to 65% with limited pay option

Quick Guide to your plan

Table of contents
  • 1 What is a term plan?
  • 2 Why do I need a term plan?
  • 3 When should I buy a term plan?
  • 4 Will my premium increase every year?
  • 5 How much life cover do I need?
  • 6 What types of death are covered?
  • 7 What is Accidental death benefit?
  • 8 What is Critical illness benefit##?
  • 9 What is the ideal Critical illness##?
  • 10 What is limited pay option**?
  • 11 What is Acclerated Terminal illness benefit3?
  • 12 What is Permanent disability benefit3?
  • 13 Should I buy this plan online?
Table of contents
  • 1 What is a term plan?
  • 2 Why do I need a term plan?
  • 3 When should I buy a term plan?
  • 4 Will my premium increase every year?
  • 5 How much life cover do I need?
  • 6 What types of death are covered ?
  • 7 What is Accidental death benefit?
  • 8 What is Critical illness benefit##?
  • 9 What is the ideal Critical illness##?
  • 10 What is limited pay option**?
  • 11 What is Acclerated Terminal illness benefit3?
  • 12 What is Permanent disability benefit3?
  • 13 Should I buy this plan online?
Next up

When should I buy a term plan?

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What is a term plan?

Term Insurance plan or Term life insurance plan is a a simple and pure risk cover form of life insurance. It provides financial protection to your family at affordable and cost effective rates. You can get a large amount of life cover (i.e. sum assured) at a relatively low premium rate. The benefit amount is paid out to the nominee in case of death of the person insured.

Next up

Why do I need a term plan?

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Why do I need a term plan?

Assume, you earn an annual income of ₹ 7 Lakh. For your family’s financial well-being, this income should continue even when you are not around. There are a few ways that you can make this happen.

  • A bank a/c saving of ₹ 1 Crore as FD, which will at 7% generate a yearly income of ₹ 7 Lakh for your family.
  • A sizeable investment which might grow to a corpus of ₹ 1 Crore, before your death.
  • If you can't manage to create a large saving/ investment, then a viable option is a term plan of ₹ 1 Crore. It will pay this amount to your family on your demise. Premiums for a ₹ 1 Crore life cover start at ₹ 490 per month 2 only, which is less than half the cost you would pay for dinner with family at a restaurant.
Next up

When should I buy a term plan?

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When should I buy a term plan?

The earlier you buy a term plan, the better (and cheaper) it is. With time, the premiums become more expensive. For example, premiums for a 30-year-old, non-smoker male would amount to ₹ 708 p.m. for a 30-year policy duration. The premium increases to ₹ 1428 p.m. if the policy is bought at age 40. Keep in mind the premiums get fixed at the age you purchase, for the entire policy duration.

Also, with current lifestyles and increasing instances of diseases and illnesses, it may become difficult to get a term plan later, as you grow older.

Next up

Will my premium increase every year?

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Will my premium increase every year?

No, the premium is fixed for the entire policy duration once you purchase a term plan. The tax component (GST) may change as per Government of India regulations ^.

Next up

How much life cover do I need?

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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 could go for 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.

Next up

What all types of death that are covered under Term Plan?

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What all types of death that are covered under Term Plan?

All kinds of death are covered under the plan including natural, accidental, murder, illnesses and natural calamities. You are covered under this plan as soon as your policy is issued and there is no waiting period. Death due to suicide, only in the first year of policy is not covered. Also, once you buy the policy, you stay covered whether you are in India or abroad..

Next up

What is Accidental death benefit?

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What is Accidental death benefit?

Road, Train accidents happen all the time. Insurance can’t stop them, but it can mitigate the financial effects. With this benefit, your family will get an additional payout in case of death due to an accident. 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 an accident. Maximum accident cover available with this benefit is ₹ 2 crore.

Next up

What is Critical illness Benefit Option?

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What is Critical illness Benefit Option ##?

If you are ever diagnosed with a critical illness, it can affect you physically, emotionally and financially. ICICI Pru iProtect Smart offers the optional benefit of covering 34 Critical Illnesses such as cancer, heart attack and kidney failure for a maximum of 30 years without any change in premium. But here’s the best part - It gives full claim payout on the first diagnosis of any of the covered 34 Critical Illnesses. No Hospital Bills required**. This amount can also safeguard your family against the loss of income arising out of the illness.

Next up

What is the ideal Critical illness Benefit Option that I should opt for?

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What is the ideal Critical illness Benefit Option ## that I should opt for?

Treating a critical illness like cancer is not only expensive, but the recovery time is also long. However, an aspect most ignored is that critical illness could mean that your income temporarily stops while you recover. A regular health or a mediclaim policy only takes care of treatment cost. Our critical illness cover pays out the entire amount on first detection of any of the 34 critical illnesses. This amount can be used to take care of both – your treatment expenses, as well as loss of income.

Ideally, you should opt for a critical illness benefit that is equal to 2 years of your annual income, so that income for your family is taken care of, while you recover.

Next up

What is limited pay option?

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What is limited pay option**?

The limited payment option helps you save on premium. With this option, you pay premiums for a limited period like 1, 7 or 10 year(s) and stay covered for the entire policy duration. Although the premiums you pay now would be higher, you end up saving up to 65% over the entire policy period.

Next up

What is Acclerated Terminal illness benefit 3?

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What is Acclerated Terminal illness benefit 3

Terminal illnesses are not only life-threatening but can also spell financial ruin. ICICI Pru iProtect Smart helps you fight those illnesses by paying 100% of your life cover amount before death (covers AIDS as well).

This benefit comes in-built in your policy without any extra cost to you.

Next up

What is Permanent disability benefit?

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What is Permanent disability benefit 3?

In case of permanent disability due to 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.

Next up

Should I buy this plan online?

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Should I buy this plan online?

It is best to buy ICICI Pru iProtect Smart online because:

  • You get to buy directly from the insurance company - there are no intermediaries
  • Your personal and health information is private and secure
  • You get an online discount on all premiums for the entire policy term. 5% discount is applicable on premiums.
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Advt: W/II/0291/2019-20