Our Term Plans Offering
Feature | ICICI Pru iProtect Smart | ICICI Pru Precious Life |
---|---|---|
Category | Term Insurance | Term Insurance |
Minimum Entry Age | 18 years | 18 years |
Maximum Entry Age | 65 years(except for Pay till 60 premium payment mode in which case, 55 years) | 65 years |
Maximum Maturity Age | 99 years | 70 years |
Minimum Sum Assured | Subject to the minimum premium | ₹ 2,00,000 |
Maximum Sum Assured | Unlimited | Unlimited |
Minimum Annualised Premium | ₹ 2,400 | ₹ 2,400 |
Policy Terms | 5 - 81 years | 5 - 40 years |
Whole Life Cover | Yes | No |
Premium Paying Options | Single, Regular, Limited or 60 - age at entry | Single, Regular or Limited |
Premium Payment Frequency | Single, Yearly, Half-yearly, Monthly | Single, Yearly, Half-yearly, Monthly |
Tax benefit under Section 80 C | Yes | Yes |
Tax exemption on benefits under Section 10 (10D) | Yes | Yes |
Lump sum Payout | Yes | Yes |
Income Payout | Yes | Yes |
Increasing Income | Yes | Yes |
Lump sum + Income | Yes | Yes |
Accelerated Critical Illness Benefit (optional) | Yes | No |
Accidental Death Benefit(optional) | Yes | Yes |
Can Accidental Death Benefit cover be added later during the Policy term?* | Yes | Yes |
Terminal Illness Benefit | Yes | No |
Salient features of Term Insurance Plans
Accident Death Benefit (Optional)+
Accelerated Critical Illness Benefit (ACI Benefit) (Optional)^
Terminal Illness Protection3
Life Stage Protection
Flexibility of Payout
✅ Are the term plans in the market similar in all aspects?
All term plans serve the same purpose, which is providing you pure life cover. But these term plans may differ from each other in terms of additional features such as terminal and critical illness cover, permanent disability benefit, accidental death benefit, etc.
✅ Can I have two term insurance policies?
Yes, you can buy multiple term insurance plans as far as you are eligible in terms of your age, annual income, medical condition, etc.
✅ How much term insurance can I get?
Life insurance companies decide the upper limit for your term insurance cover based on various factors such as your age, annual income, medical condition, etc. You can use the HLV Calculator to calculate suitable term insurance cover for yourself.
✅ Is it secure to buy term insurance plans online?
Yes, buying term insurance online is not only safe but also easy. When you buy a term plan online from a life insurance company’s website, you buy directly from the insurance provider without any intermediaries. Transactions on these websites are not only transparent and safe but more cost-effective too.
✅ Are the term plans in the market similar in all aspects?
All term plans serve the same purpose, which is providing you pure life cover. But these term plans may differ from each other in terms of additional features such as terminal and critical illness cover, permanent disability benefit, accidental death benefit, etc.
✅ Can I have two term insurance policies?
Yes, you can buy multiple term insurance plans as far as you are eligible in terms of your age, annual income, medical condition, etc.
✅ How much term insurance can I get?
Life insurance companies decide the upper limit for your term insurance cover based on various factors such as your age, annual income, medical condition, etc. You can use the HLV Calculator to calculate suitable term insurance cover for yourself.
✅ Is it secure to buy term insurance plans online?
Yes, buying term insurance online is not only safe but also easy. When you buy a term plan online from a life insurance company’s website, you buy directly from the insurance provider without any intermediaries. Transactions on these websites are not only transparent and safe but more cost-effective too.
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