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ICICI Prudential Term Insurance plans offer a financial safety net to your loved ones in case of your unfortunate demise during the policy tenure. These plans provide wide coverage options to policyholders at affordable premiums.
What are some of the
Benefits
that set them apart?
Death benefits for your loved ones
Multiple plan options to choose from
Affordable premiums
Higher sum assured
Additional rider options to choose from
Long-term protection
Tax benefits
Multiple premium payment options, etc.
ICICI Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by ICICI Term Insurance.
Plan | Entry Age | Tenure | Min. Sum Assured | Unique Features |
---|---|---|---|---|
ICICI Prudential POS iProtect Smart Plan | Minimum Age - 18 years Maximum Age - 65 years | Simgle, Regular, Limited | As per premium |
|
ICICI Prudential Protect-n-Gain Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs. 5 Lakhs |
|
ICICI Pru Loan Protect Plus Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs. 5 Lacs |
|
ICICI Pru Life Raksha Plan | Minimum Age - 18 years Maximum Age - 60 years | Annual, half-yearly, quarterly & monthly | As per premium |
|
ICICI Pru iShield Term Plan | Minimum Age - 18 years Maximum Age - 60 years | Annual, half-yearly, quarterly & monthly | Rs. 50 Lakhs |
|
ICICI Precious Life Term Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs. 2 Lacs |
|
ICICI Pru iCare II Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs. 1 lakh |
|
ICICI Pru iProtect Smart Term Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Min:Subject to the m |
|
ICICI Pru Loan Protect Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, half-yearly, quarterly & monthly | Rs. 5 Lacs |
|
ICICI Pru Saral Jeevan Bima Plan | Minimum Age - 18 years Maximum Age - 65 years | Premium payment mode Single Pay-5/10 years | Rs. 5 Lakhs |
|
ICICI Prudential iProtect Return Of Premium Plan | Minimum Age - 18 years Maximum Age - 65 years | Annual, Half yearly, quaterly & monthly | Rs. 1 Lac |
|
Here is a quick overview of the ICICI Term Insurance Plans listed in the above table.
ICICI Pru POS iProtect Smart is a simple term insurance, non-participating term plan offer by ICICI Life insurance. This Plan offer inbuilt features of accidental death benefit.
ICICI Pru Protect N Gain offers the dual benefit of insurance and investment in the same policy. This plan comes with 18 fund options and 4 different investment strategies to enhancing risk-return ratio.
ICICI Pru Loan Protect Plus can help you ensure that your family inherits the home, not the loan. It pays the benefits on the death of the policyholder to pay the outstanding debts.
ICICI Pru Life Raksha plan helps you protect your family against loss of income in case of your uncertain demise. You can purchase the plan without a pre-policy medical examination.
ICICI Pru i-sheild term insurance plan offers the dual benefits of health and term in the same policy. This plan covers all expenses related to health such as regular doctor consultations, hospitalisation, drugs, and preventative check-ups.
ICICI Precious Life Term plan is a pure protection plan that can be bought even if you have pre-existing diseases like high blood pressure, asthma, and hypertension, obesity, diabetes, and covers you even if you have recovered from cancer or any other surgeries.
With ICICI Pru iCare II, protect your family’s future and ensure that they lead their lives comfortably without any financial worries, even in your absence.
ICICI Pru iProtect Smart gives you the flexibility to design your safety net so that you can protect your family’s future to ensure that they lead their lives comfortably without any financial worries, even in your absence.
ICICI Pru Loan Protect term plan provides life cover to an individual who has taken a mortgage or auto loan from a bank or any other financial institution.
ICICI Pru Saral Jeevan Bima offers a simplified answer to your protection needs and ensures that your family leads a comfortable life without any financial worries, even in your absence.
ICICI Pru iProtect Return of Premium provides security to you and your loved ones against all such eventualities safeguard your future planning while simultaneously also ensuring that you get a survival/maturity benefit.
ICICI Pru POS iProtect Smart Term Plan is a non-linked, non-participating term insurance plan that offers flexibility to customize your plan and enhan...
Unique Features
ICICI Pru Protect n Gain plan, stays true to its tagline, ''Growth Bhi Protection Bhi'' which means it provides dual benefits of protection and wealth...
Unique Features
ICICI Pru Loan Protect Plus Plan is a simple term insurance plan, specially designed to manage the risk associated with ongoing loan amounts. The plan...
Unique Features
ICICI Pru Life Raksha is a simple pure protection plan offering death benefits ranging from INR 50,000 to INR 5 lakhs. The plan is offered by ICICI Pr...
Unique Features
ICICI Pru iShiled is a dual-benefit plan that gives both health & life insurance. Apart from life coverage, this policy offers coverage against he...
Unique Features
Are you suffering from any pre-existing diseases? Then, getting a term plan might be difficult for you. But not anymore. ICICI Prudential’s Prec...
Unique Features
Are you having a high-risk occupation such as a fire-fighter, coal miner, construction worker, and so on, in which the chances of an accident are much...
Unique Features
ICICI Pru iProtect Smart Term Plan is a non-linked pure-term insurance plan. This plan provides advanced protection by offering comprehensive coverage...
Unique Features
ICICI Pru Loan Protect is a non-participating term insurance plan offered by ICICI Pru Life Insurance Company. It provides life cover to individuals w...
Unique Features
ICICI Pru Saral Jeevan Bima offers a simplified answer to your protection needs and ensures that your family leads a comfortable life without any fina...
Unique Features
ICICI Pru iProtect Return of Premium provides security to you and your loved ones against all such uncertainties of life that may pose a hurdle to you...
Unique Features
ICICI Prudential Term Insurance
ICICI Prudential Term Insurance Review
Name of the Riders | Benefits |
ICICI Prudential Accidental Death Rider | Offers additional payout in case the insured dies due to an accident. |
ICICI Prudential Critical Illness Plus Rider | A lump sum is offered if the policyholder is diagnosed with any of the critical illnesses mentioned in the policy document. |
ICICI Prudential Permanent & Partial Disability Rider | The insurance company pays a certain sum assured for the next five or ten years in case of permanent or partial disability. |
ICICI Prudential Income Benefit Rider | Offers a regular source of income to the family in case of the demise or disability of the policyholder. |
ICICI Prudential Waiver of Premium Rider | It will waive off all future premiums and the benefits of the policy will remain the same. |
ICICI Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose ICICI Term Insurance Plans:
ICICI Term Insurance is an affordable way of securing your family’s future. You can get a high-value life cover from an ICICI term insurance plan by paying a minimal amount. For info about ICICI term insurance premium calculator you can use ICICI prudential Premium calculator
ICICI Prudential Term Insurance provides comprehensive coverage to policyholders, protecting them and their loved ones against various life risks.
ICICI Term Insurance Plan offers flexible terms and conditions, which allows policyholders to choose the policy period and sum assured that suits their requirements.
The CSR of ICICI Prudential life insurance is 99.17% (FY 2023-24), which ensures that policyholders and their nominees receive the benefits promptly in case of a claim.
Policyholders can choose from multiple payment options, including monthly, quarterly, half-yearly, or yearly, making it easier to manage their premiums.
ICICI prudential life maintain a good solvency ratio since inception, In the financial year 2022-2023, ICICI has reported the solvency ratio of 1.8.
ICICI Prudential term insurance plans offer various additional benefits to the policyholders.
Some ICICI Prudential Term Plans such as ICICI Pru iProtect Smart offer Smart Exit Benefit to their policyholders which allows them to take exit from their plan mid policy term.
Some ICICI Prudential Term Plans such as ICICI Pru iProtect Return Of Premium offer income benefits to the policyholder’s loved ones in case of his demise.
ICICI Term Plans such as POS iProtect Smart offer special premium rates for women to promote insurance awareness among females.
ICICI Term Plans such as ICICI Pru Loan Protect protect your assets for your loved ones in case of your unfortunate demise.
ICICI Term Plans such as ICICI Pru Precious Life offer need-based payout as per the requirement to the policyholder’s loved ones.
There are various ICICI Prudential term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
These plans offer an inbuilt critical illness cover to their policyholders.
These plans offer an inbuilt accidental death cover to their policyholders.
These plans offer you the option to pay limited premiums while enjoying longer coverage.
These plans offer all the benefits of a term plan under a single plan including critical illness cover, accidental cover, etc.
Here are the documents required to buy a ICICI Prudential Term Insurance:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records of the policyholder if requested.
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the ICICI Term Insurance policy from Policyx.com or the ICICI Term Insurance website.
Fill out the form given at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to make the payment.
Visit the official website of ICICI Prudential Life Insurance Company.
Click on the 'Plans' tab and select 'Term Insurance'.
Select the desired plan and click on 'Check Premium'.
Fill in the required details under 'Term Insurance Calculator'.
Opt for riders if you want to add any of them.
Analyze the premium and click on the tab 'Proceed'.
Make the payment using available payment modes.
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The claim settlement process for ICICI Prudential Term Plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit your claim below:
Report your ICICI Pru Term plan claim by visiting the claim section of the ICICI Term Life Insurance website.
ICICI Term Insurance's customer support staff will review your claim form and will assist you at every step. Their staff will evaluate your claim and notify you if any papers are still pending.
Your claim will be resolved once you have informed the insurer of your claim and the insurer has received all of the necessary documents.
The ICICI Prudential Term plan claim settlement procedure can be reported by visiting the local ICICI Life Insurance branch office, sending an email to claimsupport@iciciprulife.com, or sending an SMS to 56767 with CLAIM<Space> Policy Number.
If you have any more queries regarding ICICI Term Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
The term of the policy should depend upon the retirement age. In India, the maximum number of individuals retired at the age of 60 years.
Customers can report the company about their claim in the following ways- Filling online claim intimation form available on the company website Sending an SMS ICLAIM Policy number to 56767 Writing an email at lifeline@iciciprulife.com Calling at the company’s helpline number- 18602667766.
Given here is a list of mandatory documents that must be submitted to the company at the time of initiating the claim- Claim intimation form duly filled and attested. Death certificate with photocopies issued by Local Municipal Corporation. Identity proof and address proof of the nominee who is claiming. Canceled cheque or the photocopy of the passbook (of the nominee).
Photocopy as well as original proofs of: Medical records like diagnosis results, admission reports, death summaries, etc. Medico-legal cause of Death Certificate. Medical attendant/ hospital certificate filled by the doctor. Certificate from employer (if salaried).
Photocopy as well as original proofs of: FIR/Punchnama/ Post Mortem report/ Inquest reports Driving license of the life insured ( if he/she was riding the vehicle when the accident took place). This requirement is valid if you have selected ‘Accident and Disability Benefit Rider’.
Original policy certificates Claim intimation form present on the company website Attending Doctor’s certificate Medical records (original as well as photocopies)
No. There is no maturity, paid-up value, or survival benefits offered under the ICICI Term plan.
Yes, death due to suicide is covered in this plan. If the death of the policyholder happens due to suicide within a year, the nominee or beneficiary of the policyholder shall be entitled to 80% of the premiums paid till the death, provided the policy is in force.
The plan covers 34 critical illnesses covered under the ICICI Term Plan.
Yes, at any moment throughout the policy’s lifetime, the policyholder can make changes in their ICICI Pru Term Insurance.
Yes, you can. By using ICICI Term Insurance Premium Calculator, you can calculate how much you need to pay for your ICICI Term Policy. ICICI Term Insurance Calculator
A minimum of 18 years & maximum of 65 years is the age limit to buy ICICI Term Insurance.
There are four flexible payout options for ICICI Term Plan: Lumpsum Monthly income Increasing income (installments increase by 10% every year) Lump Sum + Income
ICICI Term Plan offers tax benefits under Sections 80C, 80D, and 10(10D) on premium paid.
Buying ICICI Lombard Term Plan has certain benefits: Dependable - stood by the customer even in times of calamities. Approachable - a professional team to guide in every course of action which is just a tap away. Transparent - it gives the power of clarity by providing better pre-claim support.
Yes, you can buy more than one ICICI Term Insurance Plan
Minimum: Rs.25,00,000 Maximum: Rs.1,00,00,000.
Sum Assured cannot be changed in the ICICI Term Insurance Plan.
Payout options of the premium of ICICI Term Insurance policy are; yearly, half-yearly, quarterly, and monthly.
The surrender value=70% x single premium x (policy years outstanding/ policy term). Minimum Sum Assured: Rs. 50,000; Maximum Sum Assured: Equal to Sum assured up to Rs. 50 lakh.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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