ICICI PRU

iProtect Term Insurance Plan

Brochure
Buy Online

at a glance
benefits
how it works
buying options

A quick look

You can now secure your family's future at the click of a button.ICICI Prudential Life Insurance is proud to present ICICI Pru iProtect, a non-participating term insurance plan that you can buy online at your convenience. You can customize this term plan according to your insurance needs, by choosing from the following two options:

ICICI Pru iProtect Option I: Where the death benefit is equal to the sum assured
ICICI Pru iProtect Option II: Where an additional death benefit equal to the base Sum Assured or Rs. 5,000,000, whichever is lower, is payable in case of death due to accident

Now, buying term insurance is not only more affordable but also easier and quicker.

SPECIMEN POLICY DOCUMENTS
ICICI Pru iProtect Option I
ICICI Pru iProtect Option II

details

Minimum / Maximum age at entry20 / 65 years (Age completed birthday)

Policy term10 / 15 / 20 / 25 / 30 years

Maximum age at policy expiry75 years (Age completed birthday)

Minimum premiumRs. 2,000 (excluding service tax)

Accidental Death Benefit (Only with iProtect Option II)Equal to Sum Assured, subject to a maximum of Rs. 50 lacs

Premium payment termRegular pay

Mode of Premium paymentYearly

Tax benefit of the term insurance planPremium paid towards this term insurance plan will be eligible for tax benefit u/s 80C of the Income Tax Act, 1961

Key features of the plan:

Life insurance cover at extremely affordable premiums
Special premium rates for non-tobacco users
Instant life insurance cover¹ with simple online application process
Additional payout on death due to an accident, in case of iProtect Option II
Avail of tax benefits² as applicable on the premiums paid for this term plan

¹Life insurance cover will start as soon as the premium is realized by the Company in non-medical cases. However, post submission of the form, if it is found that the customer has existing policies which have not been disclosed and due to increased sum assured, medical examination is required, the Company will cancel the policy subject to the provisions of Section 45 of the Insurance Act, 1938

²Tax benefits under the policy are subject to conditions u/s 80C and 10(10D) of the Income Tax Act, 1961. Service tax and education cess will be charged extra, as per applicable rates. The tax laws are subject to amendments from time to time.

You can buy this term insurance plan online in some simple steps as shown below:

Choose between ICICI Pru iProtect options, based on your insurance needs.
Fill in your personal details and answer some simple questions related to your health.
Pay the premium via your internet banking account or your credit card. You will have to pay the premium regularly for the term chosen.
Life insurance cover on your policy begins immediately^{T&C 1} on premium receipt for non-medical cases. In cases where medical examination is required, cover will commence from the date of issuance of the policy.
¹Life insurance cover will start as soon as the premium is realized by the Company in non-medical cases. However, post submission of the form, if it is found that the customer has existing policies which have not been disclosed and due to increased sum assured, medical examination is required, the Company will cancel the policy subject to the provisions of Section 45 of the Insurance Act, 1938