ICICI Pru iProtect Smart is a highly popular term plan currently available. It offers extensive coverage to ensure financial security for your family in the event of your unfortunate demise.
Additionally, it provides various extra advantages including critical illness coverage, accidental death benefits, and income benefits.
Key Features- ICICI Pru iProtect Smart
Death Benefit: Should you pass away, your chosen beneficiary will be entitled to receive the complete death benefit. This amount can be utilized to fulfill their financial requirements.
Accidental death benefit: If you die in an unfortunate event suddenly, your nominee will receive an all amount, which is equal to the sum assured.
Income benefit: You have the option to receive a consistent monthly income for a predetermined duration, even in the event of your demise. This can be a valuable income stream for your family.
Benefits – ICICI Prudential Term Plan
All-in-one plan: iProtect Smart is a comprehensive plan that offers a range of benefits, including death benefits, critical illness coverage, accidental death benefits, and income benefit.
Flexibility: You can choose the sum assured, policy term, and payout option that best suits your needs.
Convenience: You can buy the plan online or through an ICICI Prudential Life Insurance agent.
Financial security: iProtect Smart can help to protect your family’s financial future in case of your untimely death.
Who should buy this plan?
iProtect Smart is a good option for people who are looking for a comprehensive term plan with a range of benefits. It is also a good option for people who want the flexibility to choose the sum assured, policy term, and payout option that best suits their needs.
How to buy this plan?
You can buy iProtect Smart online or through an ICICI Prudential Life Insurance agent. To purchase the plan online, you will be required to provide essential information including your name, age, and occupation. You will also need to choose the sum assured, policy term, and payout options.
Pros and cons of the plan: ICICI Prudential Policy
- A comprehensive range of benefits
- Flexibility to choose the sum assured, policy term, and payout option
- Convenient online purchase option
- Financial security for your family
- Premiums may be higher than some other term plans
- There is a waiting period of 30 days for the critical illness benefit
- The accelerated critical illness benefit is not available for all illnesses
Overall, ICICI Pru iProtect Smart is a good option for people who are looking for a comprehensive term plan with a range of benefits.
However, it is crucial to compare this plan with other term plans before reaching a decision.
Here are some additional plan details:
|Minimum Age Requirement||18 years|
|Maximum Age Requirement||65 years|
|Minimum Sum Assured||Rs. 1 lakh|
|Maximum Sum Assured||Rs. 10 crores|
|Policy Term||10 to 35 years|
|Payout Options||Lump sum or Regular monthly income|
ICICI Prudential Term Plan Calculator
FAQ- How much term insurance cover do I need?
What is a term plan?
A term plan is a type of life insurance policy that provides coverage for a specific term or duration.
When should I buy a term plan?
You should consider buying a term plan if you have dependents who rely on your income and financial support.