Advertisement disclosure - This solution is a combination of benefits of two individual and separate products named (1) ICICI Pru iProtect Smart and (2) ICICI Pru Savings Suraksha. These products are also available for sale individually without the combination offered/suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein.
A Plan that protects your family and also pays you back
Tax benefits^ On iProtect Smart Money Back
- ✔ Life cover to secure your family
- ✔ Lumpsum payout at the end of policy term*
- ✔ 34 critical illness#benefit
- ✔ Accidental death benefit##
How does return of premium insurance work?
Here is your quote for ICICI Pru iProtect Smart Money Back Online Solution
ICICI Pru iProtect Smart Life CoverICICI Pru Saving Suraksha Life Cover
Survival Benefits (Returns scenario)@ 8% ARR~ORTotal premium you pay
2The Return of Premium feature refers to the Lump-sum on survival through the maturity benefit of Savings Suraksha. The return of the entire premium will be subject to the return on future investment being equal to 8% or higher. The maturity value of policy depends on a number of factors including future investment performance. The benefits will be payable only if you have paid all due premiums as per the premium payment term and the policy is in-force till the completion of the policy term of ICICI Pru Savings Suraksha.
^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 the above.
~If the policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns at 4% and 8%. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance.
*Lump-sum on survival is provided through the maturity benefit of ICICI Pru Savings Suraksha. It will be payable only if you have paid all due premiums as per the premium payment term.
#Critical Illness Benefit (CI Benefit) is optional and available under Life and Health and All in One option. This benefit is payable, on the first occurrence of any of the 34 illnesses covered. Only a doctor’s certificate confirming diagnosis needs to be submitted. The benefit is payable only on the fulfillment of the definition of the diagnosed critical illness. 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 the sales brochure. Critical Illness benefit is available till the age of 75.
##Accidental Death Benefit is available in Life Plus and All in One option under ICICI Pru iProtect Smart. In case of death due to an accident, Accidental Death Benefit will be paid out in addition to Death Benefit. Accidental Death Benefit is only available for the policy term or till the age of 80 years, whichever is lower.
++In addition to this amount, applicable bonuses, if any, guaranteed additions added to the ICICI Pru Savings Suraksha policy will also be paid. Rs. 1,00,00,000 Sum Assured is from ICICI Pru iProtect Smart and Rs. 1,20,000 Sum Assured is from ICICI Pru Savings Suraksha.
~~Top Selling Online Insurance Plans refer 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 to June 2019.
**This advertisement is designed for a combination of benefits of two individual and separate products named (1) ICICI Pru iProtect Smart and (2) ICICI Pru Savings Suraksha. These products are also available for sale individually without the combination offered/suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned hereinbefore concluding the sale.
ICICI Pru iProtect Smart UIN 105N151V05, Saving Suraksha UIN 105N135V02. W/II/1131/2019-20
© 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.
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