Your term insurance premium calculator

Disclaimer

* The above mentioned premium rate is for iProtect Smart for Rs. 1 Crore of life cover for a 25 year old healthy male for a policy term of 21 years with regular income payout option. The annual premium will be Rs. 5725 & the monthly premium will be Rs. 490. The premium amounts are inclusive of taxes.

‘ The above mentioned premium rate is for iProtect Smart for Rs. 50 Lakh of life cover for a 25 year old healthy male for a policy term of 15 years with regular income payout option. The annual premium will be Rs., 3,297 & the monthly premium will be Rs. 282. The premium amounts are inclusive of taxes.

‘‘ The above mentioned premium rate is for Rs 50 Lakhs of life cover and Rs 10 lakhs of accelerated critical illness cover for a 25 year old healthy male for a policy term of 18 years with regular income payout option. The annual premium amount for this assumption will be Rs. 4,909 and monthly premium will be Rs. 420.

# The above mentioned premium rate is for Rs 1 crore of life cover and Rs 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 Rs. 6,907 and monthly premium will be Rs. 590. Premium amount will differ according to the benefit option chosen.

+Accidental Death benefit is up to 2 Crores. Accidental Death Benefit is optional and available in Life Plus and All in One options

^The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. The future premiums payable for the residual CI Benefit will reduce proportionately. In case the CI Benefit equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. Only doctor’s certificate confirming diagnosis needs to be submitted. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. To know more about the illnesses covered, please refer to the Sales brochure. Critical Illness Benefit is optional and available under Life and Health and All in One options.

~Based on number of policies sold online between January 2016 – February 2017.

1 For Terminal illness, policy will terminate on payment of this benefit.

2 As per IRDAI Annual Report 2016-17.

3 Top Selling saving plan refers to ICICI Prudential Life Insurance plans which are bought by customers through the website with our Zero-Paper-Process.

4 ICICI Pru iProtect Smart has been voted product of the year 2016 in the consumer survey of product innovation in Life Insurance category. In a survey of over 7,000 people by Nielson.

5 Nothing herein contained shall operate to destroy or impede the right of any creditor to be paid out of the proceeds of any policy of assurance, which may have been effected with intent to defraud creditors. Unless taken otherwise with the intent to defraud creditors. In case of any third party claim in the Courts of India with regards the insurance proceeds, the amount shall be subject to the judiciary directions. Please seek professional legal advice for the applicability of this provision

6 Tax benefit of Rs 54,075 is calculated at highest tax slab rate of 30.9% (including Cess) on insurance premium u/s 80C/80CCC of Rs 1,50,000 and health premium u/s 80D of Rs 25,000. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

7 I confirm that all the information provided by me including AADHAAR details to ICICI Prudential Life Insurance Company Ltd. is true, correct and accurate. I do hereby authorize/allow ICICI Prudential Life Insurance Company Ltd. to access/fetch the data from UIDAI for the purpose of verification. I further confirm that ICICI Prudential Life Insurance Company Ltd. is authorized to update my AADHAAR number in all my insurance policies, and may obtain the same from its agents/intermediaries.

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837

© 2016, ICICI Prudential Life Insurance Company Limited. Registered Address:- ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India). For enquires related to new policies purchased online, please call us on 1-860-266-7766 and select option 4 on our Interactive Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. UIN:105N151V03. Advt. No.: W/II/1603/2017-18

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI clarifies to public that

IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Your term insurance premium calculator

Your term insurance premium calculator

Our most popular life cover options~ : 

While these are the most popular life covers chosen, your ideal life cover should be 10 – 15 times your annual income

  • life cover

    premium

    (Incl of taxes)
    15,000
    This option is available only for premium more than Rs. 3600.
  • life cover

    premium

    (Incl of taxes)
    15,000
    This option is available only for premium more than Rs. 3600.
In case of any medical tests, your reports will be directly send to email ID
We will send the brochure link to the phone number
life cover
25 Lakhs
total premium
15,790
This option is available only for premium more than Rs. 3600. Please Increase Life Cover from edit panel to move forward.

For more financial protection, our customers choose:

  • Critical Illness Benefit^
    @ 1500 / yearly for 30 years
    List of illnesses covered
  • Accidental Death Benefit+
    @ 500 / yearly
life cover
25 Lakhs
total premium
15,790
This option is available only for premium more than Rs. 3600. Please Increase Life Cover from edit panel to move forward.
  • Premium for
    life cover: 15,790
    Tax benefit under section 80C 6
  • Premium for
    critical illness: not selected 15,790
    Tax benefit under section 80D 6
  • Premium for
    Additional Death Benefit : not selected 15,790
    Tax benefit under section 80C 6

How should your family receive claim amount?

  • Lumpsum Payout Most popular
    • Receive the entire benefit as one payout
    • 74% of our customers choose this~
    • Helpful in case you have a large outstanding loan like a home loan
  • Lumpsum + Regular income NEW know more
    Choose lumpsum amount
    50% of Life Cover

    Your nominee will receive a lumpsum of
    10,00,000 + Regular income of amount
    20,000 every month for 10 years

    • Helpful to cover a small loan & provide your family with regular income
  • Regular income Lowest premium know more
    • Receive the payout as equal monthly installments over 10 years
    • 25% of our customers choose this~
    • Helpful in case the nominee is not used to handling a large sum of money at once
  • Increasing income 145% of Life Cover know more
    • Receive the payout as increasing monthly installments over 10 years. Payout increases by 10% simple interest every year.
    • Total payout will add up to 145% of the chosen life cover
    • Helpful to counter inflation and cover the increasing expenses every year
life cover
25 Lakhs
total premium
15,790
This option is available only for premium more than Rs. 3600. Please Increase Life Cover from edit panel to move forward.
  • Premium for
    life cover: 15,790
    Tax benefit under section 80C 6
  • Premium for
    critical illness: not selected 15,790
    Tax benefit under section 80D 6
  • Premium for
    Additional Death Benefit : not selected 15,790
    Tax benefit under section 80C 6
    • (Payment term: 25 years)

How Does the product work

  • Anil, 32 Years old, Product Manager

    While he wants a term insurance to ensure that his family’s future is always secure, he also wants a critical illness benefit to cover the high medical treatment costs that come with a critical illness.

  • Priya, 35 Year old, Project manager

    She wants to ensure that her husband and 3 year old daughter have a secure financial future even in case of her untimely death. She chooses the Lump sum + Regular Income payout option.

How Does the product work

  • Priya, 35 Year old, Project manager

    She wants to ensure that her husband and 3 year old daughter have a secure financial future even in case of her untimely death. She chooses the Lump sum + Regular Income payout option.

  • Pooja, 32 Years old, Senior Software Engineer

    While She wants a term insurance to ensure that her family’s future is always secure, she also wants a critical illness benefit to cover the high medical treatment costs that come with a critical illness especially cancer.

How Does the product work

  • Anil, 32 Year old, Project Manager

    While he wants a term insurance to ensure that his family’s future is always secure, he also wants a critical illness benefit to cover the high medical treatment costs that come with a critical illness.

  • Amit, 35 Year old, Senior Software Engineer

    He wants to ensure that his wife and 3 year old daughter have a secure financial future even in case of his untimely death. He chooses ICICI Pru iProtect Smart. He chooses the Lump sum + Regular Income payout option

  • Anil buys ICICI Pru iProtect Smart

    • He chooses a life cover of 1 Crore & a critical illness cover of 20 lakhs
    • He chooses a Lump Sum payout option & a 43 year policy term
    • He pays an annual premium of 21,656 yearly
    32 year old
  • Anil is diagnosed with a critical illness

    • Critical illness cover of 20 lakhs paid out as lump sum
    • Life cover reduces to 80 lakhs
    • Premium reduces to 10,898
    32 year old
  • Anil’s untimely death

    • His nominee gets a lump sum payout of 80 lakhs
    44 years old
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  • Priya buys ICICI Pru iProtect Smart

    • Priya chooses a life cover of 1 Crore
    • She chooses lump sum of 70 lakhs and regular income of 25,000 pm for 10 years
    32 years old
  • Priya’s death

    • Her husband and daughter get a lump sum amount of 70 lakhs and Regular Income of 20,000 every month for the next 10 years.
    52 years old
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  • Pooja buys ICICI Pru iProtect Smart

    • She chooses a life cover of 1 Crore & a critical illness cover of 20 lakhs
    • She chooses a Lump Sum payout option & a 43 year policy term
    • She pays an annual premium of 19,328
    32 years old
  • Pooja is diagnosed with a critical illness

    • Critical illness cover of 20 lakhs paid out as lump sum
    • Life cover reduces to 80 lakhs
    • Premium reduces to 10,931
    40 years old
  • Pooja’s death

    • Her nominee gets lumsum death benefit of 75 lakhs
    52 years old
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  • Amit buys ICICI Pru iProtect Smart

    • Amit chooses a life cover of 1 Crore
    • He chooses lump sum of 70 lakhs and regular income of 25,000 pm for 10 years
    35 years old
  • Amit’s death

    • His wife and daughter get a lump sum amount of 70 lakhs and Regular Income of 20,000 every month for the next 10 years.
    44 years old
next
prev.