Term Insurance Comparison Chart
|Feature||ICICI Pru iProtect Smart||ICICI Pru iCare II|
|Category||Term Insurance||Term Insurance|
|Minimum Entry Age||18 years||18 years|
|Maximum Entry Age||65 years||65 years|
|Maximum Maturity Age||99 years||85 years|
|Minimum Sum Assured||As per premium||₹ 87,423|
|Maximum Sum Assured||Unlimited||Unlimited|
|Minimum Annualised Premium||₹ 2,400||₹ 2,400|
|Policy Terms||5 - 81 years||5 - 67 years|
|Whole Life Cover||Yes||No|
|Premium Paying Options||Single, Regular, Limited or Whole Life||Single or Regular|
|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 (10) (D)||Yes||Yes|
|Lump sum Payout||Yes||Yes|
|Lump sum + Income||Yes||No|
|Critical Illness Option||Yes||No|
|Accidental Death Benefit||Yes||Yes|
|Accidental Death Benefit cover can be added now or later*||Yes||No|
|Terminal Illness Benefit||Yes||No|
|Married Women’s Property Act Protection||Yes||Yes|
|Know More||Know More|
|Calculate Premium||Calculate Premium|
Salient features of Term Insurance Plans
Accident Death Benefit (Optional)
Critical Illness Protection^
Terminal Illness Protection3
Life Stage Protection
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^The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. The future premiums payable for the residual CI Benefit will reduce proportionately. In case the CI Benefit equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. Only doctor’s certificate confirming diagnosis needs to be submitted. On payment of Angioplasty, if the CI Benefit is more than ₹ 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. To know more about the illnesses covered, please refer to the Sales brochure. Available under Life and Health and All in One options. Critical Illness benefit is available till age of 75.
~Based on number of policies sold online between January 2016 - February 2017.
3Please refer the product brochure for definitions, exclusions and other terms and conditions applicable for terminal illness.
++Nothing herein contained shall operate to destroy or impede the right of any creditor to be paid out of the proceeds of any policy of assurance, which may have been effected with intent to defraud creditors. In case of any third party claim in the Courts of India with regards the insurance proceeds, the amount shall be subject to the judiciary directions. Please seek professional legal advice for the applicability of this provision.
+Accidental Death benefit is up to ₹ 2 Crores. Accidental Death Benefit is optional and available in Life Plus and All in One options. Accidental Death Benefit cover is available upto age 80.
*Accidental Death cover can be added later till age 50 and at least till 5 years less than policy term.
ICICI Pru iProtect Smart UIN 105N151V04
ICICI Pru iCare II UIN 105N140V02