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
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)
Tax benefits^ on ICICI Pru iProtect Smart Money Back
ICICI PRU iPROTECT SMART MONEY BACK CALCULATOR
iProtect Smart Money Back CalculatorDownload Brochure
How does return of premium plan 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
^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.
BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.IRDAI cautions public against spurious calls and FICTITIOUS offers