ICICI Pru iProtect Smart

Protect the ones
you love the most

Protect the ones you
love the most

Life Cover + Multiple Benefits^9## in 1 plan
Covers COVID-19 life claims⁸

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

Life Cover + Multiple
Benefits^9## in 1 plan
Covers COVID-19 life claims⁸

Smart Exit^° Option

One Day Claim Settlement^>

34 Critical Illnesses Cover ^## (Optional)

Accidental Death Cover (Optional) ⁹

Tax Benefits^{^}

Terminal Illness Benefit³

Permanent Disability Waiver⁵

At your Doorstep claim assistance

34 Critical Illnesses Cover^## (Optional)

Our term insurance plan you gives you 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.

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

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

Term Insurance Calculator

Are you a Non-Resident Indian?

No Yes

I identify as

I consume Tobacco

Yes

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Annual Income

Occupation

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Occupation

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By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life and its representatives to contact me through call,RCS,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.

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 ₹ 8,32,056

Savings 59.98%

Regular Pay

If you pay for

53 years

Monthly premium : ₹ 2,181

Total premium : ₹ 13,87,116

Savings 0%

Steps to buy

Calculate your Term Insurance premium

Make payment & submit documents

Make payment &
submit documents

Complete medical
check-up

Policy Issued

How the plan works? Play Video

35 Years

Anil chooses a
Life Cover

of ₹1 crore for 30 years

35-65 Years

Anil makes regular
premium payment

65 Years

After his unfortunate death-
The Life Cover is payable to the nominee

Anil's Wife

The nominee gets
₹83,333 as
monthly income
for 10 years

32 Years

Priya chooses
Life & Health Cover of
₹1 crore & Critical Illness
Cover of ₹20 lakh for 30 years

40 Years

She is diagnosed with a critical illness.
She is paid ₹20 lakh as a lump sum &
policy continues with the Sum Assured
reduced to ₹80 lakh

Priya's Daughter

On Priya's unfortunate demise
at the age of 55,
her nominee gets
₹80 lakhs as lump sum

Quick Guide to your plan

Term Plan

Additional Benefits

Term Plan Calculator

Quick Guide to your plan

Term
Plan

Additional
Benefits

Term Plan
Calculator

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 term insurance cover (sum assured) at affordable premiums. The nominee receives the term insurance amount in case of death of the policyholder

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

Policy duration:
30 years

Premium:
₹885 p.m

Arun, 40 years old
Non-smoker

Policy duration:
30 years

Premium:
₹1,784 p.m

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

How much term insurance cover do I need?

The term insurance cover you need depends on your current annual income. We recommend that a term insurance 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 term insurance cover so that your family's financial security is not compromised. A term insurance premium calculator will help you in choosing the term insurance cover well suited to your budget

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 term insurance 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

Which payout option should I choose?

Our Term Insurance Plan 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

What are the benefits of a term insurance premium calculator?

Flexibility to customise - The term insurance calculator gives you the flexibility to design your term plan as per your needs. You can pick and choose your own life cover amount, choose to strengthen your coverage by adding riders, choose the premium payment term and payout method as per your financial plan.
Efficient - The term insurance premium calculator can generate a customised quote for you within 2 minutes And all of this is free of charge

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

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.

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.

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 ₹1 crore 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.

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 the term insurance 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.

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.

How is your term insurance premium calculated?

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. Starting point to know your premium would be through a term insurance calculator

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, the term insurance premium calculator allows you to tweak the information, like increase or decrease the life cover amount, shorten or extend the policy tenure, add or remove riders, etc.