ICICI Pru iShield Term Plan

Overview

ICICI Pru iShield is a dual-benefit term plan that offers both health and life insurance. Apart from life coverage, this policy provides coverage against healthcare expenses such as regular doctor consultations, hospitalisation, drugs, and preventative check-ups.

In case of an unfortunate demise, this plan also pays a guaranteed death benefit to the nominee. The ICICI Pru iShield plan offers different coverage for both insurance types: for health insurance, the sum insured ranges between Rs. 5 lakhs to Rs. 20 lakhs, and for life insurance, the sum assured ranges between Rs. 50 lakhs to Rs. 1 crore.

Key Features of ICICI Pru iShield

• Life + Health Benefit
• Hassle-free online process
• Waiver of premium benefit
• Flexible policy term
• Pre and post-hospitalisation expenses
• 5% premium discount on online purchases

Riders Associated with ICICI Pru iShield Term Plan

ICICI Pru Accidental Death Benefit Rider

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

ICICI Pru Critical Illness Rider

With the ICICI Pru Critical Illness Rider, you can protect yourself with a maximum sum assured of Rs. 1 crore against 34 critical illnesses.

Benefits of ICICI Pru iShield Term Plan

Dual Benefits of Health and Life

This plan offers dual benefits of health and life cover. You can claim health coverage between Rs. 5 lakhs to Rs. 20 lakhs and life coverage between Rs. 50 lakhs to Rs. 1 crore.

Waiver of Premium

In case of any unfortunate accident during the policy tenure, this plan offers the option to waive all future premiums. However, the plan will continue to work.

Terminal Illness Cover

In case the policyholder is diagnosed with any terminal illness during the policy tenure, this plan offers an immediate payout to treat the disease.

Pre and Post-Hospitalisation

Under this plan, you can reimburse all the expenses of pre and post-hospitalisation.

Tax Benefit

The ICICI Pru iShield Plan offers tax benefits under Section 80C for up to Rs. 1.5 lakhs and under Section 10(10D) for up to Rs. 2.5 lakhs, as per the Income Tax Act 1961.

Comprehensive Additional Benefit

This plan offers comprehensive protection against 34 listed critical illnesses and accidental death during the policy term.

Whole Life Coverage

The ICICI Pru iShield term plan offers whole-life coverage for up to 99 years of age.

Flexible Premium Payment Term

The ICICI Pru iShield term plan offers flexible premium payment terms of single, yearly, half-yearly, and monthly to cater to the diverse needs of every unique customer.

Exclusions

• Death due to a pandemic is not covered by the company.
• Death caused due to any type of adventure sports.
• Death by consumption of any type of drugs and alcohol.
• Death due to any pre-existing disease that isn't mentioned at the start of the policy.
• If a policyholder commits suicide within the first 12 months of purchasing the policy, then no death benefits are paid to their nominee. Either premiums paid to date or the surrender value of the policy, whichever is higher, is paid to them.