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Complete protection for your loved ones

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

  • Large cover at affordable rates3
  • Option to increase life cover
  • 34 critical illness benefit##
View Detailed Benefits
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Save more by buying early

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Calculations shown are for illustration purpose only
Premiums get fixed at the age you buy, for the entire policy duration

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TERM INSURANCE CALCULATOR


(Choose 'YES' if you have smoked or chewed tobacco in last 12 months)
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I will get What is this ?

Minimum life cover is Rs 50 lakh
cover till 99 years of age
480 /
online discount applied throughout policy term'

Base Premium

920/month

+

Critical Illness

156/month

+

Accidental Death

240/month

1.

Additional benefits I can opt for

No benefits added

2.

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%

Lumpsum payout of 50,00,000 +

Regular monthly income of 50,000 for 10 years

Regular monthly installments

Regular monthly income of83,333 for 10 years

Increasing installments

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

3.

I will pay for

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

What is limited pay?
What is this ?
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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 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.

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 of83,333 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?
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Key Benefits of our Term Insurance Plan

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Large cover at affordable rates2

Get ₹ 1 Crore life cover starting at ₹ 490 per month. Your premiums remain fixed for the entire policy duration

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Option to increase life cover

Life stage benefit gives you an option to increase the cover after Marriage (50% increase), 1st (25% increase) & 2nd (25% increase) childbirth, without any medicals. Additional premium will be calculated based on the increased life cover and remaining policy term as per your age at the time of each such increase.

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34 Critical illness Benefit##

This optional benefit gives full claim payout on the first diagnosis of 34 Critical Illnesses like cancer, heart attack and kidney failure. No hospital bills required. You stay covered for a maximum of 30 years without any change in premium.

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Permanent disability benefit3

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.

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100% Terminal illness3 payout

Terminal illnesses are not only life threatening but can also spell financial ruin.This benefit 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.

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Tax benefits up to ₹54,600^

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

Frequently Asked Questions

Term insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable 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.
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 month2 only, which is less than half the cost you would pay for dinner with family at a restaurant.
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 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.
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.
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.

TERM INSURANCE CALCULATOR


(Choose 'YES' if you have smoked or chewed tobacco in last 12 months)
img

Frequently Asked Questions

Term insurance is the simplest and purest form of life insurance. It provides financial protection to your family at the most affordable 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.
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 month2 only, which is less than half the cost you would pay for dinner with family at a restaurant.
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.
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.
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.

You can depend on us

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98.6% ~

Our claims settlement ratio for FY2018-19

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Less than 3 Days-

Our average turnaround time for settling a claim

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1.29 Lakh Cr`

Benefits paid up to March 31, 2019

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30 Day Return Policy

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

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Service Assurance

Your policy will be issued in 72 hours on receipt of all documents and medical reports.

1The above mentioned premium rate is for ₹ 50 lakhs of life cover and ₹10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 35 years with regular income payout option. The annual premium amount for this assumption will be ₹4,340 and monthly premium will be ₹372.

4The above mentioned premium rate is for ₹1 crore of life cover and ₹10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 14 years with regular income payout option. The annual premium amount for this assumption will be ₹6,907 and monthly premium will be ₹590. Premium amount will differ according to the benefit option chosen.

^Tax benefit of ₹ 54,600 ( ₹ 46,800 u/s 80C and ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 80CCC, 10(10A), (10D) and other provisions of the Income Tax Act, 1961. Goods and Services 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 FY2018-19 on our Website.This is computed basis individual claims settled over total individual claims for the financial year. For details, refer to the Annual Report for FY2018-19 on our Website.

`As per Financial Statements (Schedule 4- Benefits paid (Gross))of the company, benefits paid since inception up to March 31, 2019.

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

2The premium of ₹ 490 per month has been calculated for a 25 year old healthy non-smoker male for a life cover of ₹ 1 crore and for a policy term of 21 years under the ICICI Pru iProtect Smart - Life option. This premium is inclusive of all taxes. The annual premium is ₹ 5,725 (inclusive of all taxes). Premium amount will differ according to the benefit option chosen.

3Refer the product brochure for the definitions, exclusions and other terms and conditions applicable for Permanent Disability due to accident and Terminal Illness

##Critical Illness Benefit is optional and available under Life and Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. The CI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. The future premiums payable under the policy will reduce proportionately. If CI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. To know more in detail about CI Benefit, terms & conditions governing it, kindly refer to sales brochure. Critical Illness benefit is available till age of 75. The CI Benefit for Angioplasty is subject to a maximum of ₹ 5,00,000. On payment of Angioplasty, if the ACI Benefit is more than ₹ 5,00,000 the policy will continue for other CIs with ACI Benefit reduced by Angioplasty payout.

**The percentage saving computed is purely in terms of premium paid over the term (Difference between 5 years Limited and Regular pay) of the policy and does not account for time & other factors that may happen during this period. It is one of the many features that the product offers and you can opt for it based on your individual needs. The percentage saving is for ICICI Pru iProtect Smart - Life Option for ₹ 1.00 Crore life cover for a 45 year old healthy Male for a policy term of 30 years with regular income payout option. The annual premium will be ₹ 24,687 & the monthly premium will be ₹ 2,108. The premium amounts are inclusive of taxes.

5% discount on premium is applicable only for Regular and Limited pay policies. In case of Single Pay, discount applicable is 2% of Single Premium.

+The premium per month has been calculated for a healthy non-smoker male for a life cover of ₹ 1 crore and for a policy term of 30 years under the ICICI Pru iProtect Smart - Life option with regular pay option and regular income payout option. Premium amount will differ according to the age and benefit option chosen.

ICICI Pru iProtect Smart UIN 105N151V04. W/II/0174/2019-20

© 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. 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

I will get What is this ?

480 /
online discount applied throughout policy term'

Base Premium

920/month

+

Critical Illness

156/month

+

Accidental Death

240/month

I will get

Minimum life cover is Rs 50 lakh
cover till 99 years of age
1.

Additional benefits I can opt for

No benefits added

2.

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%

Lumpsum payout of 50,00,000 +

Regular monthly income of 50,000 for 10 years

Regular monthly installments

Regular monthly income of83,333 for 10 years

Increasing installments

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

3.

I will pay for

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

What is limited pay?

Critical
Illness Cover##

We pay the entire cover amount on the first diagnosis of a critical illness.
View all 34 illnesses

at ₹ 50/month

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## 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 of75,000 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?

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?

img

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 month2 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?

img

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?

img

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 the types of death that are covered under Term Plan?

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What all the 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. Death due to suicide only in the first year of policy is not covered.

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?

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What is Critical illness Benefit##?

If you are ever diagnosed with a critical illness, it can affect you physically, emotionally and financially. ICICI PruiProtect 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 that I should opt for?

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What is the ideal Critical illness Benefit## 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, 5, 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 benefit3?

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What is Acclerated Terminal illness benefit3

Terminal illnesses are not only life-threatening but can also spell financial ruin. ICICI PruiProtect 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 benefit3?

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 PruiProtect 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 on premium is applicable for regular and limited pay policies. In the case of Single Pay, discount applicable is 2% of Single Premium.
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Advt: W/II/0291/2019-20