Term Insurance for NRI

¹ Why are more NRIs buying Indian insurance products | Explained - https://www.cnbctv18.com/personal-finance/nri-high-demand-for-indian-insurance-products-low-premium-better-healthcare-aging-population-explainer-19505653.htm

^°The policyholder will have an option to cancel the Policy and receive Smart Exit Benefit i.e. 100% of Total Premiums Paid under the Policy.

The following conditions are applicable for availing 100% Premium Refund::

• This option can be exercised in any policy year greater than 25 but not during the last 5 policy years, provided the age of the life assured is 60 years or more at the time of exercise.
• The Policy is in-force with all due premiums paid at the time of exercising this option.
• No claim for any of the underlying benefits has been registered and is under evaluation/ or accepted/ or paid/ being paid on the Policy.

Where, Total Premiums Paid means the total of all premiums received, excluding any extra premium, any rider premium and taxes. In case the benefit term for additional benefit(s), for which additional premium has been paid, has expired at the time of exercise of Smart Exit Benefit, then Total Premiums Paid shall exclude the premium paid towards such additional benefit(s). Please refer to sales brochure for more details.

^{^} Tax benefits under the policy are subject to conditions prescribed under Section 123 (read with Schedule XV, Sr. No. 1, 2, 4 & 5), Section 11 (read with Schedule II, Sr. No. 2), and Section 202 and other applicable provisions and schedules of the Income Tax Act, 2025. Security Transaction tax (if any ) will be deducted as per prevailing tax laws. Taxes, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

^!jClaim settlement ratio is computed basis individual claims settled over total individual claims for the financial year. For details, refer to ICICI Prudential Financial Information- Business Presentation (FY2025).

^!a Life Cover is the benefit payable on death of the life assured during the policy term

⁽⁽ The premium for a 20-year-old non-smoker healthy male (occupation: non-salaried) with a life cover of ₹ 2 crore under the Life Option with income payout option (income for 30 years) for a policy term of 20 years under Regular Pay is ₹ 755 pm (inclusive of all taxes).

^~ This is as per underwriting guidelines and subject to change. VMER limits available only for NRIs applying from abroad (from standard countries only).

^a The online discount percentages vary according to age, policy term, premium payment term and sum assured chosen by the customer and can range between 1%-5%. The exact 5% discount appears at the following scenario: ₹ 50 lakh of life cover for a 30-year-old healthy non-smoker male (occupation: non-salaried) for a policy term of 35 years with regular pay and lumpsum payout option. The offline monthly premium inclusive of taxes will be ₹876 & online annual premium inclusive of taxes will be ₹832.

^b A discount as follows will be offered on first year’s premium of Death Benefit (excluding rider premiums, underwriting extra premiums and taxes) to salaried customers:

ICICI Pru iProtect Smart Plus UIN: (A Non-Participating Non-Linked Life Individual Pure Risk Insurance Product)

COMP/DOC/Aug/2023/18/3664

COMP/DOC/Aug/2024/78/6849

ADVT: W/II/2098/2024-25