ICICI Pru iShield Term Plan

ICICI Pru iShiled is a dual-benefit plan that is a combination of both health & life insurance. The policy offers coverage for the policyholder and their family's health care expenses. The plan grants coverage for regular doctor consultations, hospitalisation, drugs, and preventative check-ups. In case of any unexpected event such as death or terminal illness, the policy even ensures a secure financial future for your loved ones.

Although the insured can also purchase these two plans separately, for that they need to submit the medical tests and other documentation once for both life and health insurance. The policy offers different coverage for both insurance types under a single plan i.e. for health insurance sum insured ranges between Rs.5 lakhs to Rs.20 lakhs and Rs.50 lakhs to Rs.1 crore for life cover. Anyone between 18-65 years of age can purchase this plan and can avail the tax benefits. Let us explore the plan and know all its benefits and key features to make a clear decision:

Combined Benefits of Health & Life Insurance Policies of ICICI Pru iShield Term Policy

The bundled nature of the plan helps reduce the time and effort spent buying multiple insurance policies. The policyholder can purchase the policy from a single insurance provider instead of communicating with various providers. The plan offers one straightforward premium, paid in instalments or annually.

Here are the combined benefits of the plan:

• Single proposal form for life and health insurance
• Easy onboarding processes such as one proposal form, single medical check-up, premium payment, and policy document.
• Easy renewal and claim tracking with a single payment.
• Premium discount of 5% on total health premium paid.

Eligibility Table of ICICI Pru iShield Term Policy

The policyholder has to fulfil the following criteria to buy the plan:

Read more specifications in the brochure.

Benefits of ICICI Pru iShield Policy

The plan offers a plethora of benefits that are mentioned below:

• The plan offers the benefit of cashless hospitalization for the policyholder by submit a request from the app within 24 hours of submission in the hospital.
• The policyholder is eligible for tax benefits under section 80 (C) of the prevailing tax laws.
• Waiver of future premiums in case of permanent disability due to an accident.
• The policy offers a Life cover till the age of 85/99 years of age.
• iShield offers flexibility to pay premiums once, for a limited period or throughout the policy term in monthly, quarterly, or half-yearly instalments.
• The plan offers special premium rates for non-tobacco users.
• This is a family floater policy coveres (Self, spouse, dependent childeren, grandchildren, parents, parents in law)

Term Life Insurance Coverage Under ICICI Pru iShield Term Policy

The plan offers coverage for:

• 105% Death benefit
• Waiver of future premiums in case of accident
• Accidental death benefit
• Critical illness (ACI) benefit 34 critical illness covered

Heath Insurance Coverage Under ICICI Pru iShield Term Policy

The plan offers coverage for:

• Hospitalisation
• Day care treatment
• Pre & post hospitalisation expenses
• Teleconsultation from a qualified healthcare professional
• Domestic air ambulance
• Surface ambulance service
• Homecare treatment
• Claim Protector
• Sum Insured (SI) Protector
• Restore benefit
• Guaranteed cumulative bonus

Exclusions of ICICI Pru iShield Term Plan

The plan offers coverage for:

• Any illness contracted within 30 days.
• Any pre-existing diseases.
• War, civil war or breach of law.
• Any alternative treatment.
• Treatment taken outside the country.
• Any expenses arising out of domiciliary treatment.
• Term life coverage exclusions.
• Waiver of Premium on permanent disability.
• Attempted suicide or self-inflicted injuries.
• Accident under the influence of any narcotic or intoxicating substance.
• Adventure/hazardous sports such as boxing, powerboat racing, and climbing.
• Participating in aerial fights, parachuting, and skydiving.
• Dialysis is required for chronic renal failure.