Made for you
No two people are exactly the same and every family is special. That’s why we have made this plan so simple and easy to personalise.
Critical illness shield
Your life goals stay on track, no matter what. With the benefit of the claim amount being paid upfront on diagnosis of a critical illness^6, your hard-earned savings need not be touched.
COVID-19 life claims
Given the uncertainty around COVID-19, this is a must-have protection. The assurance of life claim settlement for COVID-19 claims**, gives the much needed peace of mind that loved ones will be taken care of.
Over the last two decades, millions of people have trusted us for the financial security of their loved ones. Trust is our foundation and our cornerstone.
No amount will compensate the loss of a loved one but we guarantee that a family will receive the claim for sure. That’s our pledge.
Easy and immediate
We work to make our processes easy for our customers. You can access all our services at ease and at will.
The plan offers the option to choose amongst various levels of protection: Life - Death Benefit + Terminal Illness + Waiver of Premium on permanent disability Life Plus - Death Benefit + Terminal Illness + Waiver of Premium on permanent disability + Accidental Death Benefit Life & Health - Death Benefit + Terminal Illness + Waiver of Premium on permanent disability + Accelerated Critical Illness Benefit All in One - Death Benefit + Terminal Illness + Waiver of Premium on permanent disability + Accidental Death Benefit + Accelerated Critical Illness Benefit
Our claim settlement ratio` stood at an impressive 97.8% for FY 19-20. Also, we have consistently maintained a high claims settlement ratio3 of above 96% for the past 5 years. Thus, assuring peace of mind and ensuring that the financial future of loved ones is protected, always.
Our policy covers all types of death including natural causes, accident, murder, illness, death due to natural calamities and more.
The plan also covers death due to suicide. However, it is not applicable if suicide is committed in the first year of policy inception.
Just 4 documents are required to ensure a fast and hassle-free claim settlement with us. The mandatory documents to settle death claims are: Claimant's statement / Claim intimation form Copy of death certificate issued by local municipal authority Copy of claimant's photo identification proof and current address proof - List of photo ID and current address proof Cancelled cheque
Riders provide the much-needed extra safety that is needed to deal with uncertain times. They are add-ons or extra benefits that can be availed over and above the base policy by paying a small addition in premiums. Cost-effective riders help further enhance coverage and widen the protection net. Our term plan offers riders like the critical illness rider6 and accidental death benefit+ rider for your and your family’s extra safety.
An accidental death benefit rider+ with ICICI Pru iProtect Smart gives the nominee3 a higher payout in case of demise of the policyholder due to an accident. For example, if the policyholder has a life cover of ₹1 Crore and opts for the accidental death benefit+ rider, the nominee can get a claim amount up to ₹2 Crore in case of an eventuality due to an accident.
Nomination is a must in insurance. Yes, multiple nominees can be added in the same policy. When there is more than one nominee for the same policy, the nominees get the money jointly. In case of death of one nominee, the survivor(s) gets the money. If there is more than one dependent, it makes sense to add multiple nominees.
Yes. There are two ways to do so, either through an endorsement or via a Will. Do ensure when the nominee is changed, the insurance company is kept informed.
Yes, ICICI Pru iProtect Smart not only gives the family a financial cushion but also helps save taxes. One can save tax up to ₹54,600 on premiums paid under section 80C and 80D of the Income Tax Act, 1961^^. Also, the claim amount is tax-free under section 10(10D).
Yes, a smoker may need to pay a higher premium. This is because, smoking increases the risk of insuring one’s life, which may lead to an increase in the premium.
We stand by our customers in times of distress. In case of a terminal illness4, where there are high chances of death in the next 6 months, the entire claim money is paid out on diagnosis.
With this benefit, we ensure families have the required funds to meet day-to-day expenses and maintain the same standard of living in absence of the policyholder. The policy terminates upon payment of terminal illness benefit.
Don’t worry. The company will pay premiums on behalf of the policyholder in case of a permanent disability~. Thus we assure, that the family’s protection needs are kept intact.
ICICI Pru iProtect Smart UIN 105N151V06