for you and your family
Our best selling plan^^just got better
ICICI Pru iProtect Smart offers protection for your family and critical illness cover for you(optional). We have upgraded the plan to provide protection to you till age 99 years. The plan also comes with a range of payment options that can be selected as per your need. Our best selling term plan just got better.
Benefits of our ICICI Pru iProtect Smart
Protection for youHigh life cover at affordable rates so that your child's dreams are financially secure.
Accidental death cover (optional)Give your loved ones an additional payout in case of your unfortunate demise due to an accident.
Critical illness cover (optional)Payout up to 1 Crore in case of 34 critical illnesses#.
Protection against disabilityIn case of permanent disability due to accident, your policy continues without you having to pay any premiums.
Tax benefitsSave tax up to 54,600^ u/s 80C & 80D of Income Tax Act 1961.
Check Our Score Card
Claim Settlement Ratio~97.88%
~Claim settlement ratio is for FY 2017-18 and computed basis individual claims settled over total individual claims for the financial year.
Benefits paid`1,14,744 CR
As per Financial Statements (Schedule 4- Benefits paid (Gross)) of the Company, Benefits paid since inception upto year ended March 31, 2018.
Sum Assured`8,22,564 CR
Total Sum Assured figure for FY 2017-18. The source for this number is Annual Report FY 2017-18.
Assets Under Management`1,46,129 CR
Total assets under management, held at Sept 30, 2018
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Anil 35 Year old, Project Manager
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.
Anil buys ICICI Pru iProtect Smart
- Life Cover `1 Crore with policy term 30 yrs and regular premium payment
Annual Premium `9,751
After Anil's death
- His family received a monthly income of `83,333 for 10 years
Prerana buys ICICI Pru iProtect Smart
- Life cover of `50 lakh with policy term 30 years and regular premium payment
- Critical Illness Benefit of `20 lakh
Annual Premium `9,513
At 40 yrs Prerana is diagnosed with a Critical Illness
- `20 lakh is paid to her as a lump sum and the policy continues with the Sum Assured reduced to `30 lakh
Annual Premium will get reduced to `4,282
Prerana’s unfortunate death
- Nominee gets lump sum death benefit of `30 lakh and the policy terminates.
The percentage saving computed is purely in terms of premium paid over the term 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 premium rate is for life option, regular pay and Income Payout option of ICICI Pru iProtect Smart for 25 year healthy male for policy term of 15 years and inclusive of tax. Yearly premium will be Rs. 5,444. You can choose to purchase other variants of the product as per your needs. For more details, please refer the product brochure. The premium rate mentioned is for your current age, term selected and the sum assured chosen and are inclusive of Tax.
* The premium rate mentioned is for your current age, term selected and the sum assured chosen and are inclusive of Tax.
' 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.
~Claim statistics are for FY 2017-18 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures in our Website.
~~Based on number of policies sold online between January 2016 - February 2017.
^^Top Selling tax saving plan refers to ICICI Prudential Life Insurance plans which are bought by customers through the website with our Zero-Paper-Process. Source: Company BuyOnline data - Dec 2015 till date.
#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 `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. Available under Life and Health and All in One options.
^ 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.
` Kantar IMRB Source: Business Standard Website: http://www.business-standard.com/article/specials/icici-pru-sbi-life-topple-lic-from-the-top-spot-117051701681_1.html
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. ICICI Pru iProtect Smart UIN 105N151V04. W/II/2730/2018-19
Please give us a missed call on 180030006999 (tollfree)