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Advertisement disclosure - This solution is a combination of the benefits of two separate products named ICICI Pru iProtect Smart and ICICI Pru Savings Suraksha. These products are also available for sale individually without the combination offered/suggested. The 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

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Tax benefits^ on ICICI Pru iProtect Smart Money Back

  • Life cover+ to secure your family
  • Lump sum payout at the end of policy term*
  • 34 critical illnesses#cover (Optional)
  • Accidental death benefit##(Optional)
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Tax benefits^ on ICICI Pru iProtect Smart Money Back

ICICI PRU iPROTECT SMART MONEY BACK CALCULATOR

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iProtect Smart Money Back Calculator

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Term plan with Return of Premium2
Securing the future of your family from unfortunate eventualities is one of your top priorities.
An adequate life insurance is an ideal solution for this need. Won’t it be nice if this plan gives something back to you on survival as well?
Keeping that in mind, we present ICICI Pru iProtect Smart Money Back, a solution that not only financially safeguards your family in case something unfortunate happens to you, but also gives you a lump sum amount if you survive the policy term.
Benefits of term plan with return of premium option
With the return of premium option, you get two-fold benefits
Benefits of term plan with return of premium option
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LIFE COVER+
To protect your family financially, in case something unfortunate happens to you
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SURVIVAL BENEFIT*
In case you survive the policy term, you get a lump sum amount in return
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ACCELERATED CRITICAL ILLNESS BENEFIT: #
This optional benefit gives full claim payout on the first diagnosis of 34 Critical Illnesses
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ACCIDENTAL DEATH BENEFIT: ##
Nominee/legal heir will receive additional cover under this optional benefit.

How does return of premium plan work?

ICICI Pru iProtect Smart Money Back is a combination of our top-selling~~ online term plan ICICI Pru iProtect Smart and our savings plan ICICI Pru Savings Suraksha.
Mr. Kapoor, a healthy 30 year old man, has opted for a regular monthly pay option for ICICI Pru iProtect Smart Money Back solution for sum assured of 1,00,00,000 at a premium of 1,705^^ per month with a policy term of 30 years and Life plan option.
Mr. Kapoor, a healthy 30 year old man, has opted for a regular monthly pay option for ICICI Pru iProtect Smart Money Back solution for sum assured of 1,00,00,000 at a premium of 1,927^^ per month with a policy term of 30 years and Life plan option.
^^Premium of 1,927 is exclusive of taxes.
``ARR stands for Assumed Rate of Return. For the purpose of illustration, the Company has assumed 8% p.a. and 4% p.a. as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits that you may get as the value of the policy depends on a number of factors including future investment performance.
Mr. Kapoor is 30 years old healthy person who has opted for a regular monthly pay option for ICICI Pru iProtect Smart Money Back solution for sum assured of 1,00,00,000 at a premium of Rs. 1,927^^ per month with a policy term of 30 years and Life plan option.
^^Premium of 1,927 is exclusive of taxes.
``ARR stands for Assumed Rate of Return. For the purpose of illustration, the Company has assumed 8% p.a. and 4% p.a. as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits that you may get as the value of the policy depends on a number of factors including future investment performance.

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Here is your quote for ICICI Pru iProtect Smart Money Back Online Solution

Total cover amount is
1.50 Crore for
Total premium of
248
What is this ?
I will pay for
Total Cover amount is 1.50 Crore for
with a Total Premium of 248
Your cover details
Add More Benefits
  • ICICI Pru iProtect Smart Life Cover
    plus ICICI Pru Saving Suraksha Life Cover

    Critical Illness Benefit#

    What is this ?
    @ ₹2,239/monthly

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

    Accidental Death Benefit##

    What is this ?
    @ ₹239/monthly

    Additional cover in case of an accidental death.

  • Survival Benefits (Returns scenario) What is this ?
    @ 8% ARR~
    OR
    @ 4% ARR~
    Your updated Survival Benefits (Returns scenario) What is this ?
    @ 8% ARR
    OR
    @ 4% ARR
    Total premium you pay
Total cover amount is
1.50 Crore for
Total premium of
248
I will pay for
Add More Benefits
    Your cover details
  • ICICI Pru iProtect Smart Life Cover
    plus
    ICICI Pru Saving Suraksha Life Cover

    Critical Illness Benefit##

    What is this ?
    @ ₹2,239/monthly

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

    Accidental Death Benefit

    What is this ?
    @ ₹239/monthly

    Additional cover in case of an accidental death.

  • Survival Benefits (Returns scenario)
    @ 8% ARR~
    OR
    @ 4% ARR~
    Total premium you pay

^Tax benefits of Rs. 54,600(Rs. 46,800 u/s 80C & Rs. 7,800 u/s 80D) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge) on life insurance premium u/s 80C of Rs. 1,50,000 and health premium u/s 80D of Rs. 25,000. Tax benefits subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service 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.

*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.

+Life Cover is the benefit payable on death of the life assured.

#Accelerated Critical Illness Benefit (CI Benefit) is optional and available under Life and Health and All in One option under ICICI Pru iProtect Smart. This benefit is payable, on the first occurrence of any of the 34 illnesses covered. For the Critical Illness Benefit’s claim, medical documents confirming diagnosis of critical illness 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. In case of Angioplasty, the maximum benefit payable under a policy is restricted to Rs. 5,00,000. On payment of claims for treatment of Angioplasty, if CI Benefit is more than Rs. 5,00,000 the policy will continue for other covered CIs with CI Benefit reduced by Angioplasty payout. 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. CI Benefit will be applicable for the entire policy term or 30 years or till the age of 75 years, whichever is lower.

##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.

2The Return of Premium feature refers to the Lump-sum on survival through the maturity benefit of ICICI Pru Savings Suraksha calculated assuming future investment return of 8% p.a. 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.

~~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.

^^The premium of Rs.1,927 p.m. has been calculated for a 30 years old healthy male, has opted for a regular monthly pay option for ICICI Pru iProtect Smart Money Back solution for sum assured of Rs. 1 crore with a policy term of 30 years under Life plan option. Tax and cess (if any) will be charged in addition to the premium amount as per prevailing tax laws.

++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.

``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% p.a. and 8% p.a. 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.

The maximum entry age for ICICI Pru iProtect Smart Money Back is 54 years.

ICICI Pru iProtect Smart UIN 105N151V06, ICICI Pru Savings Suraksha UIN 105N135V02.

Advt no. :- W/II/1977/2020-21

© 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. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). 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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