ICICI Pru POS iProtect Smart Plan

Overview

ICICI Life iProtect Smart is a comprehensive term insurance plan that offers life cover, protection against critical illness, and disability coverage. It also provides flexible payout options and customizable coverage to suit different financial needs. It is designed as a pure protection plan that ensures your family's financial safety with a high sum assured at affordable premiums. With multiple plan options, optional riders, and life stage benefits, it helps you improve your coverage as your responsibilities increase, making it a reliable long-term solution for financial protection.

Here are some key features of this plan:

• Additional Accidental Death Benefit
• Affordable Premiums
• Flexible Policy Term
• Tax Benefits
• Easy Issuance
• Special Premium Discount for Women and Non-Smokers

Key Features of ICICI Life POS iProtect Smart

Waiting Period Protection

If the insured person dies within the first 60 days of the commencement of the policy (i.e., during the waiting period), the company will refund the total premiums paid. The policy will terminate immediately.

Additional Accidental Death Benefit

If you opt for this option, you can get extended life cover for additional accidental death benefit.

Special Premium Rates for Women

This plan offers special premium rates for women.

Riders Associated with ICICI Life POS iProtect Smart

You can add the following riders to your ICICI Life POS iProtect Smart:

ICICI Life Accidental Death Benefit Rider

With ICICI Life Accidental Death Benefit Rider, you can cover yourself with a maximum sum assured of ₹2 crore against any unfortunate accident that causes death to the life insured.

ICICI Life Critical Illness Rider

With ICICI Life Critical Illness Rider, you can protect yourself with a maximum sum assured of ₹1 crore against 34 critical illness diseases.

Benefits of ICICI Life POS iProtect Smart

Death Benefit

Upon the unfortunate demise of the life insured during the policy term, ICICI Prudential iProtect Smart pays the death benefit as a lump sum amount to the nominee.

Maturity Benefit

This plan does not offer any maturity benefits.

Tax Benefits

All the premiums paid for ICICI Pru POS iProtect Smart can be used for claiming tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961.

Exclusions

• Death due to a pandemic is not covered.
• Death caused by adventure sports.
• Death due to consumption of drugs and alcohol.
• Death due to any pre-existing disease not declared at the policy's inception.
• If the policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to the nominee. Instead, either the premiums paid to date or the surrender value of the policy, whichever is higher, is paid.