ICICI iProtect Premium Calculator Plan Benefits Features Details Reviews

ICICI iProtect Premium Calculator Plan – Do you want to know all the details about the ICICI iProtect Premium Calculator Plan? Well, this is the blog for you! Here we will review all the features of the plan, and give you a detailed overview of what it offers. We will also review some of the reviews that have been submitted for this plan, so that you can make an informed decision about whether or not it’s the right plan for you. So stay tuned, and we will update this blog regularly with all the latest information about the ICICI iProtect Premium Calculator Plan!

The ICICI Prudential Term Insurance premium calculator is a tool designed specifically to assist you in determining the term insurance plan’s monthly premium. When purchasing an ICICI Prudential Term policy, this calculator is extremely helpful and straightforward. The term insurance plans offered by Prudential Insurance range in sum assured levels. You can adjust the amount of money that you want your loved ones to receive in the event of your death using the ICICI term insurance premium calculator.

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ICICI iProtect Premium Calculator Plan

If you are looking for a calculator that can be relied upon to give you accurate results, then the ICICI iProtect Premium Calculator Plan is the perfect option for you! This calculator has been designed with safety in mind, and comes with features like a 1-year warranty and 24/7 customer support. Plus, it has received positive reviews from users who appreciate its accuracy and ease of use. So if you are looking for a reliable calculator that will save you time and hassle, the ICICI iProtect Premium Calculator Plan is the perfect choice for you.

Prudential is one of India’s largest life insurers. The company provides a wide range of term insurance plans that cater to a wide range of needs and demographics. ICICI Prudential Life Insurance Company is a partnership between Prudential Plc and ICICI Bank. of the United Kingdom (ICICI Bank owns 74%).The PRU iProtect Term Insurance Plan and the ICICI PRU iCare II Term Insurance Plan are two online term insurance plans offered by ICICI Prudential. The cheapest type of life insurance is Pure Protection or Term Plans. Term plans presented by ICICI Prudential give life cover to a specific timeframe. The nominee receives the death benefit if the Life Assured passes away during the policy’s term. ICICI Prudential’s term plans are designed to safeguard the insured’s family.

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ICICI iProtect Premium Calculator Plan

ICICI Term Insurance Plan in India 2024 Details

Name Of ArticleICICI Term Insurance Plan 2024
ICICI Term Insurance PlanClick Here
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Features of ICICI Pru iProtect Smart

If you’re looking for a comprehensive insurance product that provides comprehensive coverage for your property, you’ll want to consider the ICICI Pru iProtect Smart. This product offers a variety of features that make it an attractive option, including: Plus, it has a range of coverages that make it suited for a variety of situations. If you’re looking for comprehensive protection, the ICICI Pru iProtect Smart is an option you’ll want to consider

  • Pure online term insurance is iProtect smart.
  • Life, Life Plus, Life and Health, and All-in-One are the four options for protection depending on your needs.
  • It covers everything from death to disability and terminal illness.
  • Specially offers a discount on female life insurance premiums.
  • There are three payout options: a lump sum, a regular income, and an increase in income.
  • By providing coverage for breast and cervical cancer, women receive more extensive coverage.
  • Option to increase the amount guaranteed for important milestones like getting married or having your first or second child legally adopted.
  • Only one premium is eligible for the surrender value.
  • If you select the critical illness benefit option with ICICI Pru iProtect Smart, in addition to receiving tax benefits for premiums under Section 80C, you can also save tax under Section 80D.Under Section 10(10D), the death benefit is also exempt from tax.

Four Options with the ICICI iProtect Premium Calculator Plan

If you’re looking for an insurance plan that offers comprehensive coverage, the ICICI iProtect Premium Calculator Plan is a great option. This plan provides protection from a range of risks, including property, vehicle, accidental death and dismemberment, health, and travel. Plus, it has a variety of benefits attached – including a 24/7 emergency assistance line and free roadside assistance. So what are you waiting for? Compare the available plans and find the one that’s right for you!

  • Life:

    In the event of the policyholder’s death or terminal illness, this option provides benefits. In addition, it provides the benefit of a premium waiver in the event that the policyholder becomes permanently disabled as a result of an accident. In such a scenario, the policy will continue, but the policyholder will not be required to pay any premiums. The nominee will receive the death benefit if the policyholder passes away during the term.

  • Life Plus:

    The “Life” option’s components are all present in this option. In addition, it provides a benefit for accidental death of up to INR 2 crore.

  • Life & Health:

    Again, this option has everything that the “Life” option has. Likewise, it additionally gives you basic disease advantage of up to INR 1 crore. During the policy period, the critical illness benefit can only be used once. The critical illness benefit amount will be paid at the first occurrence if the life assured is diagnosed with any of the 34 critical illnesses listed in the policy document. The policyholder will receive the full amount of critical illness coverage, as promised in the policy document, even if the actual medical expenses are lower. The life insurance policy will continue to be in effect despite the critical illness benefit, with a reduced premium and a decreased sum assured.

  • All in One:

    All of the advantages and features mentioned in the preceding options are present in this option.

Table Illustration of Benefits in each option

Death and Terminal IllnessYesYesYesYes
Premium Waiver on permanent disabilityYesYesYesYes
Accidental deathNoYesNoYes
Critical IllnessNoNoYesYes

“Life Stage Protection” benefits are available with the ICICI Pru iProtect Smart. When you reach important life milestones, you can choose to increase the amount that is guaranteed.

  • Marriage: Option to add 50% of the additional death benefit to the original death benefit to the sum assured (up to Rs.50,00,000).
  • Birth/Legal adoption of 1st Child: Option to add another 25% of the additional death benefit to the original death benefit to the sum assured (up to Rs.25,000).
  • Birth/Legal adoption of 2nd Child:Option to add another 25% of the additional death benefit to the original death benefit to the sum assured (up to Rs.25,000).

Eligibility Criteria of ICICI Pru iProtect Smart

Eligibility Age18 years to 60 years
Maturity Age of the policy holder23 years to 75 years
Life5 – 40 years10 – 40 years5 – 20 years
Life Plus5 – 40 years10 – 40 years5 – 20 years
Life & Health5 – 30 years10 – 30 yearsNot applicable
All-in-one5 – 30 years10 – 30 yearsNot applicable

ICICI Pru iProtect Smart Term Plan Exclusions

  • Sexually Transmitted Diseases (STDs), AIDS, and HIV, as well as the problems that come with them.
  • injury caused by the insured’s own actions, suicide, insanity, and the insured’s deliberate participation in an illegal or criminal act.
  • Utilization of medications/liquor/taking of medications besides under the heading of a certified clinical professional.
  • Cooperation in war regardless of whether announced, common upheaval, break of regulation with criminal aim.
  • Aviation other than as a crew member or a paying passenger aboard a commercially licensed aircraft.
  • Scuba diving, aerial sports, and adventure sports of any kind involve deliberate risk taking.
  • Radiation damage as a result of a nuclear accident.

Also Read-HDFC Group Term Insurance Plan

Review of ICICI Pru iProtect Smart

When it comes to benefits and features, the ICICI Pru Protect smart term insurance plan is very adaptable. It provides death benefits until the age of 75, which is a significant amount of protection for Indian citizens. It is a very competitive term insurance plan that is currently available on the market under the strong ICICI brand name and had a healthy claim settlement ratio of 96.2% in FY 2016.

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