ICICI Term Insurance Plans
Claim Settlement Ratio | 97.90% |
Customer Care | 10:00 AM to 7:00 PM |
Death Benefit Paid For | 11,212 Policies |
Inception | 2001 |
Presence | 514 Branches |
Total Death Benefit Paid | 1,023.64 Crore |
ICICI Prudential Term insurance plan is a kind of life insurance plan that offers coverage to the policyholder for a specified duration of time. These types of term insurance plans offer a financial safety net to the nominee if any unfortunate incident happens with the policyholder within the duration of the policy. Term insurance plans offer higher life cover at low premiums.
ICICI Prudential Term Insurance Plans
The 3 term insurance plans offered by ICICI Prudential are as follows:
1. ICICI Pru iProtect Smart: ICICI Pru iProtect Smart plan is a term insurance plan that offers a strong financial safety net for the policyholder as well as their family members. Under this plan, a policyholder has an option to get coverage against 34 critical illnesses. It also offers coverage against terminal illness, death and disability. Moreover, a policyholder is also given the option to include accidental benefits now or later.
2. ICICI Pru iProtect Smart Money Back: ICICI Pru iProtect Smart Money Back plan offers an all-around financial solution. It not only provides protection to the family members of the policyholder in case of their sudden demise but it also provides a lump sum amount to the policyholder if they survive during the policy duration. Under this plan, the policyholder is also given an option to get coverage against mentioned 34 critical illnesses and accidental death benefit.
3. ICICI Pru POS iProtect Smart: ICICI Pru POS iProtect Smart plan is a term insurance plan that gives the policyholder, the flexibility to customize their financial safety net so that they can not just secure the future of their families financially but also ensure that they live a comfortable life even in the absence of the policyholder. The plan also gives the policyholder an option to enhance their coverage against accidental death.
Term Life Insurance Premium Calculator
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Best ICICI Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Special Exit Benefit
- Terminal illness
- Accidental Death
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Special Exit Benefit
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- Tax benefit upto 1,50,000*
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FAQs
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How much ICICI Prudential Term Insurance cover is needed?
As a general thumb rule, you should have ideal term insurance cover up to 10 times of your annual income.
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Are deaths due to COVID-19 is covered under the ICICI Prudential Life Term insurance plan?
Yes, if the policyholder passes away due to COVID-19, its nominee will get the sum assured as a death benefit.
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Does ICICI Prudential Term Insurance policy cover death due to suicides?
Yes, the ICICI Prudential Term Life policy covers death due to suicides.
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Which is the minimum age to buy an ICICI Prudential Term Insurance plan?
You can buy the plan at a minimum age of 18 years.