You have created your fortune overseas. We understand that you worked hard to achieve the best for yourself and your loved ones. Then you will also agree that it is of equal importance to protect what you have created - so that your family is financially secured, when you are not around. ICICI Pru iProtect Smart is our award winning term plan1 that provides complete financial protection for both you and your family. The plan also comes with a range of optional benefits that you can select as per your specific needs.
Benefits of our top selling term plan^
Protection for you
High life cover at affordable rates so that your child's dreams are financially secure.Protection against disability++
In case of permanent disability due to accident, your policy continues without you having to pay any premiums.100% Payout (Terminal Illness)++
If diagnosed with a Terminal Illness, we pay you the complete Sum Assured as your selected payout option.Accidental death cover (optional)#
Give your loved ones an additional payout in case of your unfortunate demise due to an accident.Pay for limited period
Flexibility to pay for shorter period (i.e. 5 years, 7 years or 10 years) and get cover for the full policy term.Trusted Claims Experience
Get peace of mind that your claim will be settled fairly. Our claim settlement ratio for FY2018-19 is 98.6% (Source: ICICI Prudential Life Annual Report FY2018-19).
Service Assurance
Your policy will be issued in 72 hours on receipt of all documents and medical reports.~
30 Day Return Policy
If not satisfied, you can return (free look) the policy and get your money back.
Check Our Score Card
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Lives Covered
26,235,328Across our individuals & group customers as per Monthly Life Council Report as on March 31, 2019.
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Benefits paid
`1,29,299 CRAs per Financial Statements (Schedule 4- Benefits paid (Gross))of the company, benefits paid since inception up to March 31, 2019.
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Sum Assured
`11,25,064 CRTotal Sum Assured figure as per Monthly Life Council Report as on March 31, 2019.
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Assets Under Management
`1,60,409.91 CRTotal assets under management, held at March 31, 2019
Howit works

Varun 40 Year old, Taxi Driver, UAE
To provide his family a better life, Varun migrated to UAE 10 years back. Varun’s two children and wife live with his parents in Kochi. He’s driving a taxi from last 9 years and is the sole earning hand of the family. He transfers the majority of his income back home for the financial well-being of his family. Varun visits his home only twice in a year. On his last visit, he realizes that the cost of education for his children and the medical cost of his parents is increasing as they grow older. Knowing that the unexpected can happen anytime, he is suddenly worried about his family’s future. Who will be there to take care of his family in his absence? To ensure a safe future and enough money for his family to pay for what they need, Varun decides to purchase ICICI Pru iProtect Smart with accidental death benefit rider and regular monthly income payout option.
Varun buys ICICI Pru iProtect Smart
- He selects life cover of `2 Crore and accidental death cover of `1 Crore
- He chooses a regular monthly income payout option
- He pays an annual premium of `46,027 yearly (incl. of taxes)
Varun’s untimely death due to an accident
- A lump sum amount of `1 Crore is paid to his family as accidental death cover
- His family further receives `1.66 lakh every month for the next 10 years so they don’t need to worry in future

Gaurav,32 year old, Quality Officer, Canada
He migrated to Canada 6 years ago. He recently got married to a girl in India and now both are living in Canada from the last 3 months. Gaurav has a widow mother and a younger sister living in India. Gaurav realizes his responsibilities and thus starts savings and planning for the future financial security and protection of his family. He looks for different term insurance plan but unable to decide which one to select. He finds out that the process to apply is very long and cumbersome. Also, the plans are very expensive. When his wife shares with him the Indian growth story and why buying term insurance in India will be much cheaper. Gaurav comes across ICICI Pru iProtect Smart which will protect his family no matter where he is in the world. It’s an affordable plan which offers high life cover at very low premium. His complete process was online and he received assistance from a dedicated caller at every step. The whole process was quick and his policy was issued without any medical check-up.
Gaurav buys ICICI Pru iProtect Smart
- He chooses to take a life cover of `2 Crore
- He chooses lump sum payout option & gets a 53 year policy term
- He pays an annual premium of `32,131 yearly (incl. of taxes)
Gaurav’s untimely death
- A lump sum amount of `2 Crore is paid to his family
Who is an NRI?
As an NRI, am I covered under ICICI Pru iProtect Smart?
Which countries are covered under ICICI Pru iProtect Smart?
As an NRI, can I buy ICICI Pru iProtect Smart online?
What documents are required for an NRI to buy the policy?
Will I have to undergo medicals?
How will ICICI Prudential Life Insurance communicate or correspond with me?
Can I pay the premium from NRE/NRO account?
Can I make online payment in local currency?
When will my cover start?
How will I get my policy document?
How will the claim be paid?
What happens to the term insurance policy after I become an NRI post policy issuance?
What are the additional documents required in case of death outside India?
Who can I call for support?
Can I get tax benefits on premium paid?
Tax benefits is available under Section 80C on Indian income up to 1.5 Lakh paid towards life insurance.
*Tax benefits are subject to conditions of Section 80C, 10(10D) & other provisions of the Income Tax Act, 1961, and are subject to amendments made thereto from time to time.
Can I save tax by investing in a life insurance policy in name of members under Hindu Undivided Family (HUF)?
You can save tax by investing in a life insurance policy in the name of members under Hindu Undivided Family (HUF) as per Section 80C of the Income Tax Act, 1961.
*Tax benefits are subject to conditions of Section 80C, 10(10D) & other provisions of the Income Tax Act, 1961, and are subject to amendments made thereto from time to time.
Is TDS applicable for me on insurance payouts?
Yes, tax will be deducted at source (TDS) under Section 195 of the Income Tax Act, 1961 on any sum paid under a life insurance policy to Non-Resident Indians ONLY if the policy is not exempt under Section 10(10D).
Further, no tax will be deducted for countries where DTAA benefit is available as per Section 90 of The Income Tax Act, 1961, and the customer has submitted complete & valid Form 10F and Tax residency certificate with the company.
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