ICICI Term Insurance Plan Benefits Features Details Reviews

There are six distinct types of term insurance plans offered by ICICI Prudential. The company offers a variety of plans with a wide range of coverage so that you can protect your family from financial loss in the event of your premature death. The company offers a variety of plans, each of which provides the best amount of protection for your family. Depending on your requirements for coverage, you can select any ICICI term insurance plan.

The complete list of ICICI term insurance plans, including their features, benefits, and eligibility requirements, can be found below:

The most comprehensive term insurance policy offered by the company is the ICICI Pru iProtect Smart. You are protected against both health-related and life-threatening scenarios thanks to the plan, which allows for a variety of coverage options.

Features of ICICI Pru iProtect Smart Plan

• Life, Life Plus, Life & Health, and All-in-One are the plan’s four coverage benefit options.
• There are a variety of flexible premium payment options, and you can pay your premiums regularly, for a limited period of time, or all at once.
• Female-specific critical illnesses are also covered by the Accelerated Critical Illness Benefit coverage.
• The sum assured can be increased upon marriage and/or childbirth.
• You can avail coverage for critical illnesses, accidental death, and disability, depending on the coverage option you choose.

Conditions of eligibility for the ICICI Pru iProtect Smart Plan

This is a pure term insurance plan which gives you the options of availing coverage against accidental deaths too.

Features of ICICI Pru iCare II Plan

• The plan provides two options for coverage. On death, the sum assured is paid under the first option.
• Under the subsequent choice, there is an inbuilt unplanned advantage rider which pays an extra aggregate guaranteed in the event of coincidental demise
• Single charges are likewise acknowledged under the approach
• Inclusion can be delighted in as long as 85 years old

Conditions of eligibility for the ICICI Pru iCare II Plan

ICICI Prudential offers a one-of-a-kind term insurance policy that covers people with existing conditions like diabetes, high blood pressure, and so on.

Features of ICICI Pru Precious Life Plan

• The plan offers two coverage options: Life and Life Plus.
• The Life Plus coverage option includes an optional accidental death benefit rider that provides an additional death benefit in the event of accidental deaths.
• The death benefit can be taken in a lump sum, in instalments, or a combination of the two.
• Premiums can be paid at once, for a limited time, or for the duration of the policy.

Eligibility conditions of ICICI Pru Precious Life Plan

This is a limited-time, short-term life insurance policy that provides term insurance coverage to the insured.

Features of ICICI Pru Life Raksha Plan

• In the event of death, higher of the aggregate guaranteed, multiple times the yearly premium or 105% of all out expenses paid will be paid as the passing advantage
• The strategy has a decent length of 5 years
• You want to pay charges for the whole term of the arrangement to profit inclusion

Eligibility conditions of ICICI Pru Life Raksha Plan

This term insurance plan has extensive coverage and can be purchased online in a simple process.

Features of ICICI Pru POS iProtect Smart Plan

• The plan provides two different options for coverage. The first one, Life, guarantees a certain amount in the event of death during the contract’s term. The Life Plus option, which includes an Accidental Death Benefit Rider, is the second choice. An additional benefit is paid in the event of an accidental death.
• You can choose to pay premiums on a regular basis, for a limited time, or all at once.

Eligibility conditions of ICICI Pru POS iProtect Smart Plan

You can purchase this term insurance policy right away without having to have any medical exams.

Features of ICICI Pru POS Life Raksha Plan

• If the insured dies during the policy period, the sum assured is paid.
• The policy has a fixed coverage period of five years.
• The plan requires regular premium payments.

Conditions of eligibility for the ICICI Pru POS Life Raksha Plan

During the policy’s term, ICICI term insurance plans provide protection against premature death. However, the insured would not be included in the policy’s coverage if the insured committed suicide within one year of purchasing the policy. As a death benefit, 80% of the paid premiums would be returned.

The following advantages are available to you with ICICI term insurance plans:

• ICICI term insurance plans allow you to afford higher sum assured levels so that your family is sufficiently secured for emergencies.
• The premiums you pay for ICICI term insurance plans are allowed as a tax-free deduction under Section 80C of the Income Tax Act.
• This ensures that your family will be financially supported in your absence. ICICI term insurance plans offer flexible coverage benefits and allow you to choose your coverage based on your needs.
• Term insurance premiums can be deducted up to INR 1.5 lakh. Under Section 10 (10D) of the Income Tax Act, benefits from ICICI term insurance plans are also completely tax-free for your family.

Also Read-Max Life Term Insurance Plan

Plan purchases for ICICI term insurance can be made both online and offline. The policy can be purchased in the following two ways:

Offline mode

There are two ways to purchase plans from ICICI term insurance if you select offline mode. The first option is to apply for the policy at the ICICI Prudential branch. You would need to fill out an application form and send it in with your documents and payment. An ICICI Prudential life insurance agent is the second option for purchasing ICICI term insurance plans. You can purchase the policy by contacting the insurance agent for the company.

Online mode

Some ICICI term insurance plans can be purchased online from the company’s own website. Simply go to ICICI Prudential’s official website at https://www.iciciprulife.com/, select a term plan, fill out an online application, upload supporting documents, and pay your premiums online. Within a few minutes, the application process would be completed. The proposal would then be approved by the business, and the policy would be issued as soon as possible.

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