A Review Of ICICI Prudential Life Insurance

About ICICI Prudential Life Insurance

ICICI Prudential Life Insurance, a prominent Indian insurer founded in 2001, offers a diverse range of term insurance plans tailored to meet various customer needs. These plans ensure a death benefit payout to the nominee if the policyholder passes away during the policy term, providing essential financial security to the insured's family. Optional coverage for accidental death or critical illnesses is available, allowing for comprehensive coverage at affordable premium rates.

Let’s learn more about why you should consider buying ICICI Prudential Life Insurance plans.

Why Should You Consider Buying ICICI Prudential Life Insurance?

ICICI Prudential Life Insurance is known for its flexible plans that can be personalized to match the preferences and life goals of policyholders.

Below are some reasons why you can consider buying the ICICI Prudential Life Insurance:

• The term life insurance plan offers coverage for death, terminal illness, and disability.

• There is also the option to select Accidental Death Benefit and Accelerated Critical Illness Benefit with the base plan.

• Non-tobacco users can enjoy discounted premium rates.

• You can also enjoy a tailored benefit payout, and choose to receive the benefit as a lump sum, monthly income for 10 years, or a combination of both.

• With flexible premium payment options, you can pay premiums once, for a limited period, or throughout the policy term.

• Tax advantages may apply on premiums paid and benefits received, as per current tax regulations.

• You can buy the whole life term insurance of ICICI Prudential term insurance and enjoy coverage till 99 years of age.

• Women are eligible for reduced premium rates, and they are covered for female organ cancers such as breast cancer and cervical cancer under the Accelerated Critical Illness Benefit.

Which Is The Best ICICI Prudential Life Insurance Plan ?

The ICICI Prudential iProtect Smart plan provides you the choice to increase your coverage for Accidental Death and Accelerated Critical Illnesses, offering added financial protection to your loved ones. The plan also provides special benefits to women like lower premium rates and female organ cancers under the Accelerated Critical Illness Benefit, like breast cancer and cervical cancer.

What Are The Benefits Of ICICI Prudential iProtect Smart Plan?

Below mentioned are the key benefits of the ICICI Prudential iProtect Smart plan:

• There are 4 plan options in the ICICI Prudential iProtect Smart plan:

• Life Option

• Life Plus Option

• Life and Health Option

• All In One Option

• There are 4 death benefit payout options:

• Lump sum

• Income

• Lump sum and Income

• Increasing Income

• You enjoy protection for different life stages:

• At Marriage, you receive an additional 50% of the SA, maximum up to Rs. 50 Lakhs

• At birth or legal adoption of the 1st child, you receive an additional 25% of the SA, maximum up to Rs. 25 Lakhs

• At birth or legal adoption of the 2nd child, you receive an additional 25% of the SA, maximum up to Rs. 25 Lakhs

• You also have the special exit option, through which you can cancel the policy and get a smart exit benefit, which is equal to the total premiums paid under your term plan.

What is the Eligibility Criteria to Buy the ICICI Prudential iProtect Smart Plan?

The eligibility criteria for buying the ICICI Prudential iProtect Smart Plan is mentioned below:

Wrapping It Up!

Aravinda’s decision to buy the ICICI Prudential iProtect Smart Plan has helped him secure his loved ones against several financial obligations of the future. With flexible plan and payout options, ICICI Prudential iProtect Smart is one of the most ideal options for people in the current times.

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