iProtectSmart - Calculate Your Term Plan Premium

Why is it important to have a TIP along with your SIP

If you have already invested in a SIP(Systematic Investment Plan) or are planning to in the near future, you are obviously doing the smart thing. Regular investments are key to long term wealth creation, helping with upcoming life goals ranging from higher education for your children to building a retirement corpus. However, when it comes to ensuring a happy financial future for your family, an SIP alone cannot do that job.

 

The truth about investments is that they only work as long as you do. The minute your income stops, your investment does too. This is where a Term Insurance Plan or TIP becomes essential. In the case of death or accident of the investor, a TIP acts as an income replacement tool. With a large cover for a very nominal rate, a term insurance plan (TIP) complements your SIP to ensure your family’s financial future is always secure.

 

Just SIP vs SIP + TIP

SIP SIP + TIP
Goal Children’s Higher Education Children’s Higher Education
Savings goal 1 Crore 1 Crore
Investment Period 30 years 30 years
What you Pay (monthly) 3,000 3,700 including TIP premium @ 700pm (inclusive of taxes)
Estimated returns after 5 years 2,34,247 2,34,247
Estimated returns after 5 years(in case of death) 2,34,247 1,02,34,247
Family’s financial security Uncertain Secured

*SIP at 10% annual investment return and 1 Crore term insurance policy for a 27 year old male non-smoker. The above example is for illustrative purposes only.

 

A TIP(term insurance plan) provides a high life cover for very low premiums and can be easily purchased online.

 
  •  

    Calculate your term insurance premium

    Edit  

    You need Life Cover of

       
    • You need Life Cover of

         
    • you are

    • you were born on

    • Do you consume Tobacco?

      You can select No for this question if in the last 5 years you have not smoked cigarettes, bidis and cigars or consumed tobacco, ghutka, paan masala or any Nicotine related products.

    • Your Annual Premium

      7631/- p.a.
      This option is available only for premium more than Rs. 3600.
      For ICICI Pru iProtect Smart - Life option is policy term of 20 years.

    Your Annual Premium for ICICI Pru iProtect Smart - Life option is

    7631/- p.a.
    This option is available only for premium more than Rs. 3600.
    Policy term of 20 years.
    • Death Benefit 1.00 Crores

      The payout amount that the nominee receives in case of death of the life assured.

    • Terminal Illness Benefit

      You get 100% payout of the life cover amount if you are diagnosed with terminal illness. The policy will close on payment of this benefit.

    • Waiver of premium on disability

      In the unfortunate case of permanent disability due to an accident, your policy continues without you having to pay any premiums.

    You can get additional features
    • Additional benefit on accidental death

      In case of death of the life assured due to an accident, the nominee will receive up to double the sum assured (if life cover is 10 lakh and ADBR is 10 lakh then the nominee will receive 20 lakh). Maximum amount that can be availed is2 Crore and will be paid as a lump sum.

    • Additional Cover for 34 critical illnesses

      You get protection against 34 life threatening illnesses. After this benefit is paid, the policy continues with a reduced life cover (Sum Assured less the Critical Illness benefit which is paid out). If the CI benefit paid out is equal to the sum assured, the policy will be terminated on payment of the CI benefit. Maximum amount that can be availed is1 Crore.

    Proceed to Customise plan
  •  

    Your contact Information

    Edit  
    • First Name

       
    • Last Name

       
    • email

       
    • Mobile number

       

    By submitting my details, I override my NDNC registration and authorize ICICI Prudential and its representatives to contact me through call or Whatsapp. I further consent to share my information on confidential basis with third parties for evaluating and processing this proposal.

    Continue
  •  

    Your Policy, your way

    Edit  
    • Life cover

      The total sum assured

         
    • Payment term

      The duration for which you wish to pay premium

    • Policy Term

      How long your policy continues

    • Payment Frequency

      How often you will pay premiums

    Payout options (Choose how your nominees should receive the payout)

    • Regular Income

      10% of the benefit amount will be paid out for 10 years in equal monthly instalments. The nominee can choose to get the first years benefit as a lump sum and the monthly income will start from the next month for 9 years. Know More
      Lower premium with this payout option
    • Lumpsum +
      Regular Income

      New Edit
      Out of the total life cover of 1.2 crore: 50% will be paid out immediately and 50% will be paid out in equal monthly instalments for 10 years starting from the next year. 60 lakh will be payable immediately and from the next year 50,000 will be paid out every month. Know More
    • Lumpsum

      The entire benefit as one payout.
    • Increasing Income

      The benefit amount is payable in monthly instalments for 10 years starting with 10% of the benefit amount per annum in the first year. The income amount will increase by 10% per annum simple interest every year thereafter. Know More
    Plans death benefit / Terminal illness*** benefit

    Life Assured will receive sum assured in case of detection of terminal stage illness.

    Waiver of premium on Disability***

    In the unfortunate case of permanent disability due to an accident, your policy continues and no more premium to be paid.

    Accidental death benefit of (optional)

    In case of death of the life assured due to an accident, the nominee will receive up to double the sum assured (if life cover is 10 lakh and ADBR is 10 lakh then the nominee will receive 20 lakh). Maximum amount that can be availed is2 Crore and will be paid as a lump sum.

    Critical Illness Benefit (optional)

    The CI Benefit offers you coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs in the unfortunate case of diagnosis of any of these illnesses.

    Maximum amount you can avail1 Crore

    Your yearly Premium *
       
       

    for 30 years

    N.A.
    7,631
    *inclusive of taxes
       

    for 30 years

    N.A.
    7,200
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. You also get the Critical Illness (CI) Benefit. This benefit provides coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs. The benefit is payable irrespective of the actual expenses incurred for treatment and on first occurrence of any of the covered 34 illnesses.

    close
       
    6,900
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. In case of death due to an accident, we will pay your nominee the Accidental Death Benefit as lump sum. This benefit ensures that you enhance your life cover significantly at very affordable rates.

    close
    6,700
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    close
    Plans death benefit / Terminal illness*** benefit

    Life Assured will receive sum assured in case of detection of terminal stage illness.

    Waiver of premium on Disability***

    In the unfortunate case of permanent disability due to an accident, your policy continues without you having to pay any premiums.

    Accidental death benefit of (optional)

    In case of death of the life assured due to an accident, the nominee will receive up to double the sum assured (if life cover is 10 lakh and ADBR is 10 lakh then the nominee will receive 20 lakh). Maximum amount that can be availed is2 Crore and will be paid as a lump sum.

    Critical Illness Benefit (optional)

    The CI Benefit offers you coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs in the unfortunate case of diagnosis of any of these illnesses.

    Maximum amount you can avail1 Crore

    Your Premium*
       
       

    for 30 years

    N.A.
    7,631
    *inclusive of taxes
       

    for 30 years

    N.A.
    7,200
    *inclusive of taxes
       
    15,841
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. In case of death due to an accident, we will pay your nominee the Accidental Death Benefit as lump sum. This benefit ensures that you enhance your life cover significantly at very affordable rates.

    close
    6,700
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    close
    * premium rates mentioned above are inclusive of all taxes
    Plans death benefit / Terminal illness*** benefit

    Life Assured will receive sum assured in case of detection of terminal stage illness.

    Waiver of premium on Disability***

    In the unfortunate case of permanent disability due to an accident, your policy continues and no more premium to be paid.

    Accidental death benefit of (optional)

    In case of death of the life assured due to an accident, the nominee will receive up to double the sum assured (if life cover is 10 lakh and ADBR is 10 lakh then the nominee will receive 20 lakh). Maximum amount that can be availed is2 Crore and will be paid as a lump sum.

    Critical Illness Benefit (optional)

    The CI Benefit offers you coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs in the unfortunate case of diagnosis of any of these illnesses.

    Maximum amount you can avail 1 Crore

    Your yearly Premium *
       
       

    for 30 years

    N.A.
    7,631
    *inclusive of taxes
       

    for 30 years

    N.A.
    7,200
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. You also get the Critical Illness (CI) Benefit. This benefit provides coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs. The benefit is payable irrespective of the actual expenses incurred for treatment and on first occurrence of any of the covered 34 illnesses.

    close
       
    6,900
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. In case of death due to an accident, we will pay your nominee the Accidental Death Benefit as lump sum. This benefit ensures that you enhance your life cover significantly at very affordable rates.

    close
    6,700
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    close
    Plans death benefit / Terminal illness*** benefit

    Life Assured will receive sum assured in case of detection of terminal stage illness.

    Waiver of premium on Disability***

    In the unfortunate case of permanent disability due to an accident, your policy continues without you having to pay any premiums.

    Accidental death benefit of (optional)

    In case of death of the life assured due to an accident, the nominee will receive up to double the sum assured (if life cover is 10 lakh and ADBR is 10 lakh then the nominee will receive 20 lakh). Maximum amount that can be availed is2 Crore and will be paid as a lump sum.

    Critical Illness Benefit (optional)

    The CI Benefit offers you coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs in the unfortunate case of diagnosis of any of these illnesses.

    Maximum amount you can avail 1 Crore

    Your yearly Premium *
       
       

    for 30 years

    N.A.
    7,200
    *inclusive of taxes
       

    for 30 years

    N.A.
    7,200
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. You also get the Critical Illness (CI) Benefit. This benefit provides coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs. The benefit is payable irrespective of the actual expenses incurred for treatment and on first occurrence of any of the covered 34 illnesses.

    close
       
    6,900
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. In case of death due to an accident, we will pay your nominee the Accidental Death Benefit as lump sum. This benefit ensures that you enhance your life cover significantly at very affordable rates.

    close
    6,700
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    close
    * premium rates mentioned above are inclusive of all taxes
  •  

    Take the first step towards securing your loved ones

    Edit  

    You need Life Cover of

       
    • you are

    • you were born on

    • You need Life Cover of

         
    • Do you consume Tobacco?

      You can select No for this question if in the last 5 years you have not smoked cigarettes, bidis and cigars or consumed tobacco, ghutka, paan masala or any Nicotine related products.

    Your Annual Premium for ICICI Pru iProtect Smart - life option is

    7631/- p.a.
    This option is available only for premium more than Rs. 3600.
    Policy term of 20 years. You also get:
    • Death Benefit of - 1 Crore

      The payout amount that the nominee receives in case of death of the life assured.

    • Terminal Illness Benefit

      You get 100% payout of the life cover amount if you are diagnosed with terminal illness. The policy will close on payment of this benefit.

    • Waiver of premium on disability

      In the unfortunate case of permanent disability due to an accident, your policy continues without you having to pay any premiums

    You can get additional features
    • Additional benefit on accidental death

      In case of death of the life assured due to an accident, the nominee will receive up to double the sum assured (if life cover is 10 lakh and ADBR is 10 lakh then the nominee will receive 20 lakh). Maximum amount that can be availed is â‚ą 2 Crore and will be paid as a lump sum.

    • Additional Cover on 34 critical illnesses

      You get protection against 34 life threatening illnesses. After this benefit is paid, the policy continues with a reduced life cover (Sum Assured less the Critical Illness benefit which is paid out). If the CI benefit paid out is equal to the sum assured, the policy will be terminated on payment of the CI benefit. Maximum amount that can be availed is1 Crore.

    continue
  •  

    Your contact Information

    Edit  
    • First Name

       
    • Last Name

       
    • Mobile number

       
    • email

       

    By submitting my details, I override my NDNC registration and authorize ICICI Prudential and its representatives to contact me through call or Whatsapp. I further consent to share my information on confidential basis with third parties for evaluating and processing this proposal.

    Continue
  •  

    Your Policy, your way

    Edit  
    • Life cover

      The total sum assured

         
    • Payment term

      The duration for which you wish to pay premium

    • Policy Term

      How long your policy continues

    • Payment Frequency

      How often you will pay premiums

    Choose Your Payout Option

    • Regular Income

         
    • Lumpsum + Regular Income

         
    • Lumpsum

         
    • Increasing Income

         

    The entire benefit as one payout.

    Lower premium with this payout option.
    10% of the benefit amount will be paid out for 10 years in equal monthly instalments. The nominee can choose to get the first years benefit as a lump sum and the monthly income will start from the next month for 9 years.

    Know more

    Out of the total life cover of 1.2 crore: 50% will be paid out immediately and 50% will be paid out in equal monthly instalments for 10 years starting from the next year. 60.00 lakhs will be payable immediately and from the next year 50,000 will be paid out every month.

    Know More

    The benefit amount is payable in monthly instalments for 10 years starting with 10% of the benefit amount per annum in the first year. The income amount will increase by 10% per annum simple interest every year thereafter.

    Know more
    Plans Accidental death benefit of (optional) Critical Illness Benefit Your Premium
       
       

    for 30 years

    7,631
    *inclusive of taxes

    Policy Details: ICICI Pru iProtect Smart Life Option

    Comprehensive care and protection for your family

    The All in 1 option gives you all the benefits of the Life Option - Terminal Illness Benefit and Waiver Of Premium On Disability while also bringing you

    Accidental Death (AD) Benefit (optional)

    Death by accident of the breadwinner is a huge shock for the family and loved ones of the insured. With the Accidental Death Benefit we provide a lumpsum addition to the Death Benefit which is paid to your nominee in case of unfortunate event of death by accident. The Life Plus Option is a very affordable way to enhance your coverage significantly.

    Critical Illness Benefit (optional):

    Major illness is a serious matter, the cost of care is high and you may also not be able to work. In this time your family needs full support. The CI Benefit offers you coverage against 34 critical illnesses. In case any of these illness are diagnosed we will pay you the CI benefit as a lumpsum and help you the difficult times.

    Critical Illnesses covered
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Paralysis | Stroke | Alzheimer's Disease | Motor Neurone Disease | Multiple Sclerosis | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    close
       

    for 30 years

    7,200
    *inclusive of taxes

    Financial support when you need it most

    Health is precious and a health crisis can severely affect your family. The Life and Health Option gives you all the benefits of the Life Option such as Terminal Illness Benefit and Waiver of Premium on Disability while bringing you much needed financial support when you need it most.

    Critical Illness Benefit (optional):

    Major illness is a serious matter, the cost of care is high and you may also not be able to work. In this time your family needs full support. The CI Benefit offers you coverage against 34 critical illnesses. In case any of these illness are diagnosed we will pay you the CI benefit as a lumpsum and help you the difficult times.

    Critical Illnesses covered
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Paralysis | Stroke | Alzheimer's Disease | Motor Neurone Disease | Multiple Sclerosis | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    close
       
    6,900
    *inclusive of taxes

    Added protection for your family and loved ones.

    This option provides you with all the benefits of the iProtect Life Option such as Terminal Illness Benefit and Waiver of Premium on Disability and also gives you:

    Accidental Death (AD) Benefit (optional)

    Death by accident of the breadwinner is a huge shock for the family and loved ones of the insured. With the Accidental Death Benefit we provide a lumpsum addition to the Death Benefit which is paid to your nominee in case of unfortunate event of death by accident. The Life Plus Option is a very affordable way to enhance your coverage significantly.

    close
    6,700
    *inclusive of taxes

    The perfect way to start protecting your family.

    ICICI Pru iProtect Smart Life option is loaded with features that help you through difficult times:

    Terminal Illness benefit:

    The payout amount that the nominees receive in the unfortunate case of the death or diagnosis of terminal illness of the insured.

    Waiver of Premium On Disability:

    In the unfortunate case of permanent disability due to an accident, your policy continues without you having to pay any premiums

    close
    Plans Accidental death benefit of (optional) Critical Illness Benefit Your Premium
       
       

    for 30 years

    7,631
    *inclusive of taxes

    Policy Details: ICICI Pru iProtect Smart Life Option

    Comprehensive care and protection for your family

    The All in 1 option gives you all the benefits of the Life Option - Terminal Illness Benefit and Waiver Of Premium On Disability while also bringing you

    Accidental Death (AD) Benefit (optional)

    Death by accident of the breadwinner is a huge shock for the family and loved ones of the insured. With the Accidental Death Benefit we provide a lumpsum addition to the Death Benefit which is paid to your nominee in case of unfortunate event of death by accident. The Life Plus Option is a very affordable way to enhance your coverage significantly.

    Critical Illness Benefit (optional):

    Major illness is a serious matter, the cost of care is high and you may also not be able to work. In this time your family needs full support. The CI Benefit offers you coverage against 34 critical illnesses. In case any of these illness are diagnosed we will pay you the CI benefit as a lumpsum and help you the difficult times.

    Critical Illnesses covered
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Paralysis | Stroke | Alzheimer's Disease | Motor Neurone Disease | Multiple Sclerosis | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    close
       

    for 30 years

    7,200
    *inclusive of taxes

    Financial support when you need it most

    Health is precious and a health crisis can severely affect your family. The Life and Health Option gives you all the benefits of the Life Option such as Terminal Illness Benefit and Waiver of Premium on Disability while bringing you much needed financial support when you need it most.

    Critical Illness Benefit (optional):

    Major illness is a serious matter, the cost of care is high and you may also not be able to work. In this time your family needs full support. The CI Benefit offers you coverage against 34 critical illnesses. In case any of these illness are diagnosed we will pay you the CI benefit as a lumpsum and help you the difficult times.

    Critical Illnesses covered
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Paralysis | Stroke | Alzheimer's Disease | Motor Neurone Disease | Multiple Sclerosis | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    close
       
    6,900
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. In case of death due to an accident, we will pay your nominee the Accidental Death Benefit as lump sum. This benefit ensures that you enhance your life cover significantly at very affordable rates.

    close
    6,700
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    close
    * premium rates mentioned above are inclusive of all taxes
    Plans Accidental death benefit of (optional) Critical Illness Benefit Your Premium
       
       

    for 30 years

    7,631
    *inclusive of taxes

    All in One Option - Benefits in Detail

    We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    In case of death due to an accident, we will pay your nominee the Accidental Death Benefit as lump sum. This benefit ensures that you enhance your life cover significantly at very affordable rates.

    You also get the Critical Illness (CI) Benefit. This benefit provides coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs. The benefit is payable irrespective of the actual expenses incurred for treatment and on first occurrence of any of the covered 34 illnesses.

    COVERED CRITICAL ILLNESSES
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ/ Bone Marrow Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Permanent Paralysis of Limbs | Stroke resulting in permanent symptoms | Alzheimer's Disease | Motor Neurone Disease with Permanent Symptoms | Multiple Sclerosis with Persisting Symptoms | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    The policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. Once the CI Benefit is paid, the future premium towards CI benefit will stop and your premium amount will reduce. If CI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. In case of incidences covered under accidental Permanent Disability as well as Critical Illness, benefits shall be paid out under both the options.

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    for 30 years

    7,200
    *inclusive of taxes

    Life & Health Option - Benefits in Detail

    We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    You also get the Critical Illness (CI) Benefit. This benefit provides coverage against 34 critical illnesses. We will pay you the CI Benefit, as a lump sum to meet your financial needs. The benefit is payable irrespective of the actual expenses incurred for treatment and on first occurrence of any of the covered 34 illnesses.

    COVERED CRITICAL ILLNESSES
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ/ Bone Marrow Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Permanent Paralysis of Limbs | Stroke resulting in permanent symptoms | Alzheimer's Disease | Motor Neurone Disease with Permanent Symptoms | Multiple Sclerosis with Persisting Symptoms | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    The policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. Once the CI Benefit is paid, the future premium towards CI benefit will stop and your premium amount will reduce. If CI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. In case of incidences covered under accidental Permanent Disability as well as Critical Illness, benefits shall be paid out under both the options.

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    6,900
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

    3. In case of death due to an accident, we will pay your nominee the Accidental Death Benefit as lump sum. This benefit ensures that you enhance your life cover significantly at very affordable rates.

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    6,700
    *inclusive of taxes

    1. We will pay the Death Benefit (the Sum Assured chosen by you) to your nominee, on the first occurrence of either:

    • Death of the Life Assured, or
    • Diagnosis of Terminal Illness

    2. On diagnosis of Permanent Disability due to an accident, the future premiums under your policy for all benefits are waived.

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    * premium rates mentioned above are inclusive of all taxes
    Plans Accidental death benefit of (optional) Critical Illness Benefit Your Premium
       
       

    for 30 years

    7,631
    *inclusive of taxes

    Policy Details: ICICI Pru iProtect Smart Life Option

    Comprehensive care and protection for your family

    The All in 1 option gives you all the benefits of the Life Option - Terminal Illness Benefit and Waiver Of Premium On Disability while also bringing you

    Accidental Death (AD) Benefit (optional)

    Death by accident of the breadwinner is a huge shock for the family and loved ones of the insured. With the Accidental Death Benefit we provide a lumpsum addition to the Death Benefit which is paid to your nominee in case of unfortunate event of death by accident. The Life Plus Option is a very affordable way to enhance your coverage significantly.

    Critical Illness Benefit (optional):

    Major illness is a serious matter, the cost of care is high and you may also not be able to work. In this time your family needs full support. The CI Benefit offers you coverage against 34 critical illnesses. In case any of these illness are diagnosed we will pay you the CI benefit as a lumpsum and help you the difficult times.

    Critical Illnesses covered
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Paralysis | Stroke | Alzheimer's Disease | Motor Neurone Disease | Multiple Sclerosis | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    close
       

    for 30 years

    7,200
    *inclusive of taxes

    Financial support when you need it most

    Health is precious and a health crisis can severely affect your family. The Life and Health Option gives you all the benefits of the Life Option such as Terminal Illness Benefit and Waiver of Premium on Disability while bringing you much needed financial support when you need it most.

    Critical Illness Benefit (optional):

    Major illness is a serious matter, the cost of care is high and you may also not be able to work. In this time your family needs full support. The CI Benefit offers you coverage against 34 critical illnesses. In case any of these illness are diagnosed we will pay you the CI benefit as a lumpsum and help you the difficult times.

    Critical Illnesses covered
    • Cancer

      Cancer of specified severity

    • Heart and Artery Benefit

      Angioplasty* | Heart Attack | Heart Valve Surgery | Surgery to aorta | Cardiomyopathy | Primary Pulmonary hypertension | CABG

    • Major Organ Benefit

      Blindness | Chronic Lung Disease | Chronic liver disease | Kidney Failure | Major Organ Transplant

    • Brain and Nervous System Benefit

      Apallic Syndrome | Benign Brain Tumour | Brain Surgery | Coma | Major Head Trauma | Paralysis | Stroke | Alzheimer's Disease | Motor Neurone Disease | Multiple Sclerosis | Muscular Dystrophy | Parkinson’s Disease | Poliomyelitis

    • Others

      Loss of Independent Existence | Loss of Limbs | Deafness | Loss of Speech | Medullary Cystic Disease | Systematic lupus Eryth. w. Renal Involvement | Major Burns | Aplastic Anaemia

    Please read the definitions and exclusions mentioned in the Terms & Conditions.

    *The CI Benefit for Angioplasty is subject to a maximum of Rs. 5,00,000. On payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs with CI Benefit reduced by Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.

    close
       
    6,900
    *inclusive of taxes

    Added protection for your family and loved ones.

    This option provides you with all the benefits of the iProtect Life Option such as Terminal Illness Benefit and Waiver of Premium on Disability and also gives you:

    Accidental Death (AD) Benefit (optional)

    Death by accident of the breadwinner is a huge shock for the family and loved ones of the insured. With the Accidental Death Benefit we provide a lumpsum addition to the Death Benefit which is paid to your nominee in case of unfortunate event of death by accident. The Life Plus Option is a very affordable way to enhance your coverage significantly.

    close
    6,700
    *inclusive of taxes

    The perfect way to start protecting your family.

    ICICI Pru iProtect Smart Life option is loaded with features that help you through difficult times:

    Terminal Illness benefit:

    The payout amount that the nominees receive in the unfortunate case of the death or diagnosis of terminal illness of the insured.

    Waiver of Premium On Disability:

    In the unfortunate case of permanent disability due to an accident, your policy continues without you having to pay any premiums

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Why Choose the ICICI Pru iProtect Smart Term Insurance Plan

BENEFIT illustration

consultant

Omkar is a 30 year old male working in a Marketing company. He has just invested in SIP with the goal of a retirement corpus and hopes to receive a sum of 1 crore at the end of 30 years. Omkar decides to back up his SIP with a term insurance plan so that his family is financially secure in case of an unfortunate event. Omkar chooses ICICI Pru iProtect Smart Term Insurance Plan with a 1 Crore life cover and lumpsum payout option.

Age
 
  • 30
  • 40

Omkar buys ICICI Pru iProtect Smart

  • Life Cover 1 Crore with policy term of 30 years and monthly premium payment.
  • Annual Premium 9,179/- p.a.

After Omkar’s death

  • His family receives a sum of
    1,00,00,000 as a single payout.
The premium rates mentioned above are inclusive of Applicable taxes.
 

Why choose ICICI Pru Life

Receive Security with Benefits

As you secure your loved ones, also enjoy the added benefit of tax savings u/s 80C and 80D^.

You can depend on us

Be assured of your family’s financial security with ICICI Pru Life’s 96.67%# Claim Settlement Ratio.

See how it works
 
 

The above example(calculation) is for illustrative purpose only. The returns demonstrated for SIP is at an annualized assumed rate of return of 10% (which is the benchmark return of the fund "Balancer Fund" since the inception of the fund ) during the investment time period of 30 years, the actual returns at the end of each year may not be the same as demonstrated above. Moreover, the returns are expected to fluctuate during the policy tenure depending on the prevailing market conditions. This calculation is generated on the basis of the information provided and is for assistance only. It is not intended to be and must not alone be taken as the basis for an investment decision.

*The above comparative example is for a 27 year old male non- smoker. This is truly for illustrative and assistance purpose only. And is not intended to be and must alone be taken as the basis for an investment decision. The calculation mentioned above takes into consideration an assumed return of 10% PA. The end values provided for SIP are truly illustrative in nature at an assumed rate of return. These values are not fixed and are subject to number of factors like market risks, future investment performance etc.

` The above mentioned premium rate is for iProtect Smart for Rs 1 crore of life cover for a 27 year old healthy male for a policy term of 26 years with regular income payout option. The monthly premium will be Rs. 598. The premium amounts are inclusive of taxes.

**Critical Illness Benefit is optional and available under Life and Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. The CI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. The future premiums payable under the policy will reduce proportionately. If CI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. To know more in detail about CI Benefit, terms & conditions governing it, kindly refer to sales brochure. Critical Illness benefit is available till age of 75.

***Refer the product brochure for the definitions, exclusions and other terms and conditions applicable for Permanent Disability due to accident and Terminal Illness.

^^ It is subject to maximum of 2 crore and available only in Life Plus and All in One options.

^Tax benefit of Rs 54,075 is calculated at highest tax slab rate of 30.9% (including Cess) on insurance premium of Rs 1,50,000 u/s 80C/80CCC and health premium of Rs 25,000 u/s 80D of the Income Tax Act, 1961. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

# The claim settlement ratio is for Individual Death Claims and is computed as follows: (Individual death claims settled (10615)/Total claims for the year (11034) Ă— 100 i.e. 96.67% in FY 2016.

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. ADVT No: W/II/2005/2017-18

© 2016, ICICI Prudential Life Insurance Company Limited. Registered Address:- ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India). Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. UIN:105N151V02.

IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number.