A pocket friendly way to secure your family
Choose premium as per your budget and know the right term insurance cover for you


Minimum premium for your age is ₹354.
Attention: Maximum life cover we can offer you is `50 Lakhs
We have calculated the cover for the premium closest to the value entered by you.
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Based on your details, you need tele-medicals while buying this plan
` 2,00,000
@ just ` 165
@ just ` 165
(Life Cover + Accidental Death Cover + Critical Illness Cover)
`1,701 monthly
online discount applied'
` 2,00,000
Limited pay for policy term of 40 years
Pay for
Top Selling ++
Regular Pay for policy term of 56 years
` 2,00,000
  • Receive the entire benefit as one payout
  • 74% of our customers choose this (Source: Buy Online data Jan 2016 - Feb 2019)
  • Helpful in case you have a large outstanding loan like a home loan
` 95% of Life Cover
Your nominee will receive a lumpsum of ` 47,50,00,000 + Regular income of amount ` 2,08,333 every month for 10 years
  • Helpful to cover a small loan and provide your family with regular income
Lowest premiums
  • Receive the payout as equal monthly installments over 10 years
  • 25% of our customers choose this (Source: Buy Online data Jan 2016 - Feb 2019)
  • Helpful in case the nominee is not used to handling a large sum of money at once
Covers increasing expenses
  • Receive the payout as increasing monthly installments over 10 yrs
  • Monthly payout will increase by 10% simple interest every year
  • 145% of life cover


The new way of buying term life insurance

A new way to purchase a term insurance plan is right here, designed for people like you. What’s new? Well, you can now buy a ICICI Pru Term Insurance exactly as per your budget. This gives you complete control on how much you want to pay for your term insurance cover; and we tell you the amount of cover you will get for the same.

Benefits of our top selling term plan++


Protection till age 99 years

Get life cover till age 99 years at affordable rates so that your loved ones are financially secure in your absence.

Waiver of premium***

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


100% Payout (Terminal Illness**)

If diagnosed with a Terminal Illness, we pay you the complete Sum Assured.


Tax benefits

Save tax up to 54,600^ u/s 80C & 80D of Income Tax Act 1961.

100% benefit payout

Pay for limited period

Flexibility to pay for shorter period (i.e. 5 years, 7 years or 10 years) and get cover for the full policy term.

100% benefit payout

Critical illness cover (optional)

Payout up to `1 Crore in case of 34 critical illnesses#.

You can depend on us


97.8% ~

Our claims settlement ratio for FY2019-20


1.49 Lakh Cr4

Benefits paid up to March 31, 2020


30 Day Return Policy

If not satisfied, you can return (free look) the policy and get your money back.


Service Assurance 5

Your policy will be issued in 72 hours on receipt of all documents and medical reports.


Howit works

Men Icon

Rakshak 50 Year old, Senior Manager

He wants to create an inheritance for his family so that they are financially secure from his loans and other liabilities.

His family included his 48 year old wife, his 22 year old daughter and 18 year old son.The daughter was doing her MBA and the son was pursuing engineering.

Rakshak buys ICICI Pru iProtect Smart

  • He purchased ICICI Prudential iProtect Smart term insurance plan online for a life cover of `3 Cr
  • He selected the new payout option: Lump sum + regular income. With this option, in case of his death, the family would get a large amount followed by regular income for 10 years.

Rakshak’s untimely death

  • After 5 years, Rakshak suffered a massive heart attack and could not survive.
  • The family went into emotional shock. His children did not know what to do about their future. His daughter was yet to be married and his son was still in college.

Family received the benefits

  • His wife made the claim and the family received `1.50 Cr as a lump sum and `1,25,000 every month for 10 years.
  • His daughter got married, son completed engineering and pursued further studies abroad. The remaining amount, his wife has saved for her grand children.
Women Icon

Prerana,32 Year old, School Principal

She’s independent and wants to leave an inheritance as a financial support for her son and daughter in case of her death in the future. She chooses the Lump sum + Regular Income payout option.

Prerana buys ICICI Pru iProtect Smart

  • Prerana chooses a life cover of `2 Crore with a policy term of 67 years (whole life cover till age 99)
  • She pays an annual premium of `45,381 with lumpsum + regular income payout option
  • She chooses lumpsum payout option of `1 crore to be paid out as a regular income of `83,333 per month for the next 10 years

Prerana’s unforeseen death

  • Her son and daughter receive a lumpsum payout of `1 crore and Regular Income of `83,333 every month for the next 10 years.
Men Icon

Jeevan 40 Year old, Senior Manager

He wants to build a huge inheritance corpus to ensure that his family’s future is always secure from any liabilities and disputes. He also wants to create a corpus for critical illnesses to cover the high medical treatment costs that come with a critical illness when he gets older.

Jeevan buys ICICI Pru iProtect Smart

  • He chooses a life cover of `2 Crore & a critical illness cover of `20 lakh
  • He chooses Lump Sum payout option & a whole life policy (till age 99) and gets a 59 year policy term
  • He pays an annual premium of `90,382 yearly (incl. of taxes) with Regular Payment option.

Jeevan is diagnosed with a critical illness

  • Critical illness cover of `20 lakhs is paid out as lump sum to Jeevan immediately
  • Life cover reduces to `1.8 crore
  • Premium reduces to `66,234 (incl. of taxes)

Jeevan's untimely death

  • His nominee gets a lump sum payout of `1.8 crore

Payment Options

We support multiple payment options and your transactions are totally secure.

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Contact Us

Our insurance experts are always available to solve any doubts that you may have and help you with anything about your policy

1860 266 7766

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#Accelerated Critical Illness Benefit (ACI Benefit) is optional and available under Life & Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. Medical documents confirming diagnosis of critical illness needs to be submitted. The benefit is payable only on the fulfillment of the definition of the diagnosed critical illness. The ACI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the ACI Benefit paid. The future premiums payable under the policy will reduce proportionately. If ACI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the ACI Benefit. To know more in detail about ACI Benefit, terms & conditions governing it, kindly refer to sales brochure. ACI Benefit term would be equal to policy term or 30 years or (75-Age at entry), whichever is lower.

***On diagnosis of Permanent Disability (PD) due to an accident, the future premiums under your policy for all benefits are waived. To know more about definitions, terms & conditions applicable for permanent disability due to accident, kindly refer sales brochure of ICICI Pru iProtect Smart.

**A Life Assured shall be regarded as Terminally Ill only if that Life Assured is diagnosed as suffering from a condition which, in the opinion of two independent medical practitioners’ specializing in treatment of such illness, is highly likely to lead to death within 6 months. The terminal illness must be diagnosed and confirmed by medical practitioners’ registered with the Indian Medical Association and approved by the Company. The Company reserves the right for independent assessment.

++ Top Selling refers to the most selected Limited Payment option by customers on our website from Dec 2018 till 30th June 2019

^ Tax benefit of `54,600 ( `46,800 u/s 80C and `7,800 u/s 80D) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of `1,50,000 and health premium u/s 80D of `25,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 80CCC, 10(10A), (10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

~ This is computed basis individual claims settled over total individual claims for the financial year. For details, refer to the Annual Report for FY2019-20 on our Website.

4 As per Financial Statements (Schedule 4- Benefits paid (Gross))of the company, benefits paid since inception up to March 31, 2020.

5Policy issuance is also subject to individual case eligibility criteria.

ICICI Pru iProtect Smart UIN 105N151V06. W/II/3108/2020-21.

This is how you save with limited pay option
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10 years
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To understand our plan better you can get in touch with our experts on a 1800 3006 9777

Call centre hours 9.30 a.m. – 7.30 p.m., Monday - Saturday
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For a premium of `553 you will be covered for an amount of `553
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