Header Ads

ICICI Pru iProtect Smart Plan is Available in 3 Options:
Life Option: This plan offers (a) death benefits, (b) terminal illness cover and (c) premium waiver on permanent disability.
Life Plus Option: This plan offers (a) death benefits, (b) terminal illness cover, (c) premium waiver on permanent disability and (d) accidental death benefit.
Life & Health Option: This plan offer (a) death benefits, (b) terminal illness cover, (c) premium waiver on permanent disability and (d) critical illness benefit.
All in One Option: This plan offers you (a) death benefits, (b) terminal illness cover, (c) premium waiver on permanent disability, (d) accidental death benefit and (e) critical illness benefit.
Eligibility Criteria for ICICI Pru iProtect Smart Plan
Minimum age of entry: 18 years
Maximum age of entry: 65 years
Minimum maturity age: 23 years
Maximum maturity age: 75 years
Minimum premium amount: Rs.2,400 p.a. (excluding service tax and cess)
Features of ICICI Pru iProtect Smart Plan
This ICICI Prudential term plan is packed with features including:

Policy term: You can choose a policy term between 5-40 years subject to type of plan chosen and also the premium payment option selected.
Premium payment options: Single Pay, Regular Pay, Limited Pay.
Premium payment term: Once for Single Pay option; equal to Policy Term for Regular Pay option; and Policy Term minus 5 years for Limited Pay option.
Premium payment frequencies: Single, yearly, half-yearly and monthly.
Sum Assured: Minimum subject to minimum premium being paid, no maximum limit.
Benefits of ICICI Pru iProtect Smart Plan
There are several benefits associated with this plan:

Death benefits: This is paid out in 3 options: (a) entire amount is paid as lump sum; (b) 10% of Sum Assured will be paid annually for 10 years in equated monthly instalments; and (c) benefits will be paid out in monthly instalments at an increasing income basis wherein 10% simple interest will be applicable on payouts from 2nd year onwards.
Terminal Illness benefit: 100% Sum Assured paid out in case of terminal illness during policy tenure.
Critical Illness benefit: Minimum Sum Assured of Rs.1 lakh, maximum as per company policy. A total of 34 critical illnesses are covered.
Accidental Death benefit: You will receive double the Sum Assured as chosen.
Premium waiver benefit: In case of permanent disability from an accident, your premium payments will be waived off for the remaining policy tenure.
Tax benefits: Tax benefits are available as per relevant sections of the Income Tax Act, 1961.
Surrender benefits: Surrender benefits available on Single Pay option only. Surrender value is calculated as (Single Premium*Surrender Value Factor/100)

ICICI Pru Iprotect Smart Plan,icici bank,Insurance,Cancer Insurance Policy,Insurance Policy,Critical Illness Insurance,Term Plan,Traditional Plan,Protection Plan,Pure Term Plan,Return of Premium,Security,Micro Insurance,online plan,Income Protection,Retirement Plans,National Pension System,NPS,hindi2020,After lockdown

No comments