ICICI iProtect Premium Calculator

Life is a process of eternal learning. We learn by our constant ups and downs during financial stability and crises. These plans offer you life coverage for a limited period and safeguard the nominees from the financial crisis in your absolute non-existence. You can opt for the most affordable plan from ICICI prudential using ICICI iProtect Premium Calculator to compare between the plans.

ICICI Prudential Life takes pride in being India’s first insurance company to be listed on NSE and BSE. ICICI iProtect Smart is one of the all-inclusive term plans available for customers in today’s Life Insurance market. It is a plan that offers something beyond just protecting your loved ones financially. It offers the insured a health cover to combat 34 specific illnesses. On the first diagnosis itself, you can claim for this protection and get reimbursed without having to submit any hospital bills. The plan also offers you an accidental death cover with an upper limit of Rs. 2 Crores.

Why Should you use Term Insurance Premium Calculator?

Premium refers to the annual amount to be paid by the insured to the insurer as prescribed by the policy purchased by him/her. The premium value is subject to vary based on the age, gender, and health practices of the insured policyholder.

A premium calculator is an effective online tool to determine the estimated value of the premium to be paid for a particular term insurance plan. Premium calculators such as ICICI iProtect Premium Calculator consider the variables like income, gender, age, and smoking habits of the expectant policyholder in addition to the medical history of the insured and their family, assured life cover sum, risk factors, etc. while estimating the premium values. If the purchase has to be made manually, the aspirant should wait till all the insurance companies respond regarding the premium amounts and other policy details.

The Process to Use ICICI iProtect Premium Calculator

ICICI Prudential provides numerous financial tools to aid the customers in making the right decision. The ICICI customers who look forward to purchasing a term insurance plan can use the ICICI iProtect Premium Calculator to estimate the payable premium for different life covers and policy terms. The Premium calculator is available on the ICICI prudential official website. Below is a detailed description for checking the estimated premium using the ICICI iProtect Premium Calculator:

Step 1: Visit ICICI Prudential official website.

Step 2: Scroll down to the bottom of the homepage to locate the “Tools and Calculators” tab.

Step 3: When this tab is clicked, you are redirected to the list of financial calculators and tools rendered by the company. Locate the “Term Insurance Premium Calculator” and click on the same.

Step 4: Once you are redirected to the ICICI iProtect Premium Calculator page, enter the required life cover amount and other details such as Date of Birth, gender, and declaration of tobacco consumption of the expectant policy buyer.

Make sure that you select a life cover that suits you the most. Consider the fact that every single rupee may be significant to your family in your complete absence. It would be best if you do not go with rounded-off figures such as Rs. 50 Lakh or Rs. 1 Crore etc.

Step 5: You will be redirected to a page where you will have to enter your personal details such as name, mobile number, and email address.

These details are required so that the premium estimations and plan comparisons are sent to you personally.

Step 6: Choose an appropriate life cover and payment options.

Step 7: Before the final submission of the details, verify if you have entered accurate details. Once you submit the details, the estimated premium for a particular plan will be displayed. If the plan works out for you, choose add-ons if required and checkout to the payment section.

Key Advantages of ICICI iProtect Premium Calculator

Some of the major advantages of using the ICICI iProtect Premium Calculator are mentioned below.

  • The premium calculator of ICICI Prudential enables the expectant policy buyer to compare the different term policies offered by the insurer. The buyers can compare the plans and choose the right plan that fits into their budget and is convenient enough for them to meet their financial goals.
  • The buyers can get an estimated premium for the chosen plan without the intervention of the insurer to offer a quotation. The policy buyer can also avail personalized quotes and also access the data on add-on covers available for a particular term plan. This makes the purchase process quick and hassle-free.
  • This online tool helps the buyers to enhance their knowledge of multiple products offered by the insurer, ICICI Prudential.
  • The calculation of the estimated premium is error-free as it does not involve human intervention and manual calculation.

Information required while using ICICI iProtect Premium Calculator

The following details are required to calculate the approximate premium amount using ICICI iProtect Premium Calculator:

  • Name of the expectant policy buyer
  • Mobile number and email address of the purchaser
  • Date of birth and gender of the aspirant
  • Aspirant’s declaration about tobacco consumption
  • Required life cover amount
  • Life cover option and the pay-out option

Core Benefits of buying ICICI Prudential Term Insurance Plan

ICICI iProtect comes packed with a wide array of benefits under the plan. The following are the ley benefits offered under ICICI Prudential Term Insurance Policy:

Critical Illness Benefit

With the ICICI iProtect Plan, you are covered against 34 listed crucial illnesses that include cancer and heart attack. Pay-out of the claim is made on the first diagnosis without producing hospital bills. In case the policyholder avails this benefit, the policy continues with a life cover amount reduced by the amount availed as a critical illness benefit.

Accidental Death Cover

This term insurance plan offers an additional life cover up to Rs. Crore if the policyholder loses his life in an accident. Accidental deaths are usually accompanied by an additional cost. The project term plan offers additional security to your family in case of your unfortunate death.

Tax Benefits

You can avail of the tax benefits up to Rs. 54,600/- for all the premiums paid and life cover received.

Single Day Claim Settlement

All death claims are settled within a day’s time. This benefit ensures hassle-free and quick financial assistance to your family when they require it the most. If there are further delays beyond a single working day, the insured amount is paid with a specific interest amount.

Free Inbuilt Terminal Illness Benefit

Terminal illness refers to the death of the policyholder within six months from the time when the illness is detected. Such death instances are life-threatening and lead to a financial hazard. The policyholder’s family will be immediately settled in case the policyholder is diagnosed to have expired due to terminal illness. This is an inbuilt policy benefit and does not incur an additional cost.

Free, Permanent Disability Waiver Inbuilt

In cases where the policyholder becomes permanently disabled in an accident within the policy term period such that his daily life is adversely affected, all the future premiums of the policyholder are waived off. However, the life cover continues till the end of the policy term. It is also an inbuilt benefit of the policy and does not incur any additional cost.

Unique Features of ICICI iProtect Term Plan

Apart from a huge set of benefits, ICICI iProtect Term Insurance Plan has the following set of salient features:

  • iProtect smart is a complete online term insurance plan.
  • It offers four different protections as per the needs of the policyholder, namely Life, Life and Health, Life Plus, and All in one.
  • It offers an all-inclusive cover against terminal illness, permanent disability, and death.
  • Special premium discounts are offered for female policyholders.
  • Three different pay-out options are made available to the policyholders – monthly income, lump sum pay-out, or increasing income.
  • An extensive cover of illnesses such as breast cancer and cervical cancer in females.
  • Provision to increase the assured sum for vital accomplishments such as marriage, birth or legal adoption of 1st and 2nd child, etc.
  • This term plan offers you tax benefits for payable premiums, critical illness benefit, or death benefit availed by the policyholder.
  • Surrender value is valid for only a single premium.

ICICI iProtect Premium Rates

ICICI iProtect Premium Calculator considers various factors while estimating the premium. Some of the important factors are listed below.

  • Applicant’s age- Lower premiums are applicable for applicants with lesser age.
  • Gender – Women can avail lesser premium rates as compared to men.
  • Policy Tenure – Higher the policy term, lower the premium sum.
  • Applicant’s profession – Applicant’s practising risky jobs are prone to higher premium rates.

ICICI Prudential iProtect Smart Term plan is one of the most popular term insurance products available in today’s life insurance market. The plan has numerous benefits in addition to offering financial security to the insured person’s family. The policyholders are free to choose the features as per their necessities. The ICICI iProtect Premium Calculator enables the policy buyer to compare between the plans and select an appropriate plan for which they can afford to pay premiums without any grievance.

FAQs

  • Q1. Can I make my premium payments through the online premium calculator tool?

    A1. No. Premium calculator tools offered by ICICI prudential will only assist the customers in comparing the plans and obtaining premium quotes. Paying premiums with this tool is not possible.

  • Q2. What are the payment options available for me to pay my premium sum?

    A2. Customers can pay their premiums online by visiting the ICICI prudential official website. They can also make payments through net banking, Debit card, UPI, credit cards, or e-wallets. You can also make payments personally at the collection centres in the form of cash or drop a policy premium cheque in any of the ICICI prudential branches. You can also drop your cheques at a few bank branches. Auto-pay features in your credit cards and e-wallets will enable you to pay future premiums automatically.

  • Q3. How do I get my premium receipt?

    A3. A receipt that reflects the paid premium amount for a particular policy is referred to as the premium receipt. The premium receipt will be generated only after the due date of the premium payment. The premium receipt will be sent to the policy holder’s email id or couriered to the registered mailing address within four days from the date of premium due. If you do not get the premium receipts within the stipulated time, you can make a request by sending an email or calling the ICICI prudential customer care.

  • Q4. Why do I need a premium/tax-paid certificate?

    A4. A premium or tax paid certificate refers to a document that reflects the total amount of premium paid by the policyholder for all his/her policies within a particular financial year. This document is used as proof of investment at the time of filing Income Tax Returns.

  • Q5. How much life cover do I need to opt for?

    A5. The life cover that you need depends on your annual income at the time of purchasing a policy. It would be best if you select a plan whose life cover is at least 10 to 15 times your annual income at the time of policy purchase. This safeguards the financial necessity of your dependents and makes your life more secure. To reduce the burden of annual premium payments, you can opt for a monthly premium payment provision. Never compromise on your family’s financial security while selecting a term plan. If you are confused about choosing an appropriate life cover, you can take the assistance of the ICICI human life value tool.

  • Q6. Am I allowed to purchase multiple term plans from ICICI prudential?

    A6. Yes. The policy buyer can purchase more than one term plans from ICICI prudential.

  • Q7. Can I purchase term plans of ICICI prudential though I already own a term plan from another insurer?

    A7. Yes. Policy buyers can choose to purchase multiple term plans from different insurers. There is no such restriction that the policyholder of an insurance company denies buying a policy from another insurer.

  • Q8. Is there an age restriction to buy a term plan?

    A8. No. Any person can buy term plans on or after his/her eighteenth birthday.

  • Q9. Are premium rates depending on the addition of extra riders to my policy?

    A9. Yes. As riders are the additional benefits that are not included within the purchased policy, your premium rates will be affected by the addition of riders.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C apply.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 44 Reviews)
ICICI iProtect Premium Calculator
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ICICI iProtect Premium Calculator Reviews & Ratings

4.2 / 5 (Based on 44 Reviews)
(Showing Newest 25 reviews)
Roshan
Barabanki, March 02, 2021
Check premium online
I checked the premium online when I bought the term insurance policy. I visited to policybazaar website for the same. And I got the icici prudential plan very affordable as per my budget. It has benefits and I really like them.
Nikita
Ahmednagar, February 19, 2021
Claim is fast
I choose policybazaar to buy my term insurance policy. They suggested me to buy a term plan of icici prudential. It is a nice plan which I have come through. I am thankful to whole team and would love to recommend this to everyone.
Ankit
Chandigarh, January 23, 2019
Excellent
One of my close friends had been using ICICI term insurance since last 8 years. He has married 2 years ago and due to unfortunate circumstances involved, he was severely injured in an accident. Thankfully, ICICI team was really considerate and helpful while helping his wife settling the claim. The claim settlement was fast and timely. Following his steps, I have recently bought ICICI Pru iProtect Smart. It is safe to say that investing in ICICI term insurance is definitely worth every penny experience. It has worked as a great deal for me. The staff was really good and was prompt with their service.
Rijool
Garu, September 22, 2016
Good
My term insurance policy is good one which i bought from icici prudential life insurance. The premium is low and paybacks are high. Coverage is about 85% and the claiming is very simple by the help of executives which working 24X7.
Jagdish
Jammu, July 20, 2016
Coverage Is High
ICICI term insurance plan of mine is very beneficial for me and my family. The service of your staff is so quick and claiming become due due to that. The updates of the policy plan is mailed to me regularly on my email address.
Sumeet
Haridwar, July 20, 2016
Term plan
The icici term insurance is on of the best policy among all. Premium of the plan is low and returns are high. Service is fast and behaviour of the staff is very well. Good investment which reduces taxes too. Payments and premiums are done on online portal website of the company.
Vikram
Gurgaon, February 14, 2016
superb plan...
My life insurance term plan is with prudential. The premium amount is Rs.4700 and return is Rs.25 lakh. Policy coverage is also nice. Service is really good provided by executives and agents. Nice policy.
Plan Name: iProtect Smart
Agent Code: BPW00250
Sudhakar
Ghaziabad, February 14, 2016
above average
I have purchase my life insurance from prudential. The services are average. I do not get any kind of alerts for the payments or the policy thought mail or text. The payment options are convenient as I can pay the payment thourgh my ATM cards. The payment is on a yearly basis.
Plan Name: iProtect Smart
Agent Code: BPW01888
Chander
Delhi, February 14, 2016
"Bad service"
I do have a life insurance with icici. The policy has good claiming amount and policy coverage is also high but the service is very slow. The work takes days or weeks to complete. Please speed up your services.
Plan Name: iProtect Smart
Agent Code: BPW00250
ANAND
Jaipur, February 14, 2016
Life insurance plan
I buy life insurance policy with icici, basically i took this plan for the savings purposes. Premium payment is made by cheque and the executive agent is coming to my place to collect this amount. As this policy is endowment policy, I need to pay on yearly basis for 7 years. And the policy holder will get good returns after 13 years.
Plan Name: iProtect Smart
Agent Code: BPW00130
Vijay
Hyderabad, February 14, 2016
Nice term plan.
I found this policy plan on internet and see the benefits of it. So i purchase one for my father. Good claims, policy coverage is high. No worry to wait in queue because service is provided to the door steps. Thanks.
Plan Name: iProtect Smart
Agent Code: BBE05865
Gagan
Chandigarh, February 14, 2016
"perfect policy"
Recently i'm searching for life insurance policy but couldn't find one. An agent from policy bazaar contact me and shown me the policy. I buy it, really good one with Rs.28 lakh amount of claim and 90% of policy coverage. The best service you provided. Thank you...
Plan Name: iProtect Smart
Agent Code: BPW01901
VIMAL
Kadi, February 14, 2016
"Good"
My wife purchase your policy and she did the right thing. First i was little confused but after viewing your terms and conditions i agree with her. The coverage, claims, services, all are great and properly working and the main part is that the premium is in our budget.
Plan Name: iProtect Smart
Agent Code: BPW01888
Tapas
Bengaluru, February 14, 2016
Nice term plan
I have life insurance term plan. I really appreciate your work and services you provide. Claims are high and investment is low. Policy coverage is high around 90%. Best policy than others. Happy with it.
Plan Name: iProtect Smart
Agent Code: BPW01293
Didar
Surendranagar, February 14, 2016
Perfect Policy Plan.
ICICI life insurance is the best with great benefits. I have one with low premiums.Policy coverage and claim is very high and really easy to get without taking any tension or long line waiting. I secure life with this policy.
Plan Name: iProtect Smart
Agent Code: BPW00250
Anurag
Ghaziabad, February 14, 2016
okay plan
i have policy plan through prudential life insurance. Coverage is 80% and claim is Rs.27 lakh. Investment is less returns is high. Service provides is high but one thing should be added that is online updates and mailing.
Plan Name: iProtect Smart
Agent Code: BPW01888
Rahul
Gurgaon, February 14, 2016
Good Plan.
My friend advice me to buy life insurance from icici prudential. So first i search about it then i really know that the plan is good. Policy coverage is 80-90%, Claims are high, services are nice with low premiums. I'm happy
Plan Name: iProtect Smart
Agent Code: BPW01888
S
Lucknow, February 14, 2016
Good Policy
I found best policy for life insurance on internet through icici prudential. The policy contain good coverage ~80%. Claim is approx. Rs.25 lakh. Service providers are good in there work. Overall nice policy.
Plan Name: iProtect Smart
Agent Code: BBE05845
Vijay
Margao, February 14, 2016
Awesome...
I purchase life insurance through prudential and i'm happy to buy it. The plan is good and the returns is amazing. Coverage is high with low premiums. Claiming process is simple because of good services.
Plan Name: iProtect Smart
Agent Code: BBE05752
Vijay
Mumbai, February 14, 2016
"Average"
I bought life insurance plan from icici. The claim is as low as premiums. Policy coverage is okay but the services provided by you is slow, please improve it. Otherwise, the number of customers will decrease including me.
Plan Name: iProtect Smart
Agent Code: BPW01293
Satyen
Pune, February 14, 2016
Good Insurance Policy.
My life insurance plan consist many advantages and benefits too. Like claims are very easy to get and the coverage is high about 91%. The return amount is 24 lakhs. The best part is service which is fast and done in all the working hours.
Plan Name: iProtect Smart
Agent Code: BPW01888
Ajay
Thane, February 14, 2016
Bad claiming experience.
Prudential life provides all the facilities but the claims are not satisfactory. Very long time take to sanction the money and the procedure is very long and slow. Minimum 4 weeks for the claiming.
Plan Name: iProtect Smart
Agent Code: BBE05845
Dinesh
Mumbai, February 14, 2016
service is bit slow
I have term insurance plan, All the things is great just service is bit slow. Claim is Rs.27 lakh with low premiums. Policy coverage is 89%. Even the daily update about policy plan is mailed. Please improve your customer services.
Plan Name: iProtect Smart
Agent Code: BBE05865
YAMINI
Delhi, February 14, 2016
Bad service
My policy is with icici prudential. All is good but the service provided is really very slow. Claim is nice around 18 lakh, policy coverage is also huge but my experience with services is not good at all. Please do something.
Plan Name: iProtect Smart
Agent Code: BPW01260
Roshan
Nagpur, February 14, 2016
Nice term plan
I have a insurance plan with prudential life. Policy is great with nice benefits. Claim is of ~Rs.29 lakh and the policy coverage is 85%. Hospitality is the usp of the plan. Nice work guys.
Plan Name: iProtect Smart
Agent Code: BBE05865
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