Term Plans
ICICI iProtect Smart Brochure has come up with a well-designed term plan keeping every need of the individual in perspective. This term plan not only provides life insurance but also provides accident and critical illness cover at affordable prices.
There are specific eligibility criteria one needs to look through before investing in ICICI iProtect Smart Brochure. These criteria cannot be ignored and must be followed at all costs. All the required criteria are put together in an easy-to-comprehend list below:
Parameters |
Conditions |
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Minimum entry age |
18 years |
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Maximum entry age |
65 years |
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Minimum entry age at maturity |
23 years |
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Maximum entry age at maturity |
75 years |
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Minimum/Maximum Policy Term |
Â
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Premium payment options |
Single, regular, limited pay |
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Premium payment term |
Single pay: Single Regular pay: Same as policy term Limited pay: Policy term – 5 years |
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Minimum premium |
Rupees 2400 per annum excluding all service tax, cesses for Life option |
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Accidental death benefit |
Sum assured as chosen by the policyholder. |
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Critical Illness benefit |
Minimum – Rs. 100,000 Maximum – As per insurer policy |
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Minimum sum assured |
As per minimum premium |
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Maximum sum assured |
No limit |
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Mode of premium payment |
Single, annual, semi-annual, and monthly |
Note: Know what is term insurance first and then buy a term plan for your loved ones.
The incredible features of the ICICI iProtect Smart Brochure make the term plan one stop for all financial securities. Here is the list of all the impressive features that come with this term plan:
Term Plans
ICICI iProtect Smart Brochure brings numerous advantages to it. The term plan is all about offering benefits to the policyholders so they will remain stress-free about the finances if they are not with their family anymore. Here is the detailed list of the benefits that come with this term plan:
The process to purchase ICICI iProtect Smart Brochure is quite simple and convenient. Here are the steps one need to follow to buy the term plan online:
Step 1: Calculate the premium by using the term insurance calculator. Enter the following information: Name, cover amount, DOB, gender, tobacco consumption, contact information.Â
Step 2: Fill the application generated on the insurer's website. The form will ask the following details: Name, DOB, Gender, Marital Status, Educational qualifications, Occupation, Organisation details, Organisation type, Trade, PAN number, Policy objective (select "Protection" to buy iProtect Smart), Age Proof, Annual Income, Politically exposed, Nominee details.
Step 3: If policyholders have multiple policies from other insurers, they will need to submit the details about them.Â
Step 4: If policyholders are tax residents of another country, they need to submit the name of the country and tax identification number.Â
Step 5: The next step is to enter the communication details like address proof, verification of mobile number, and email address.Â
Step 6: Enter health details like height, weight, tobacco and alcohol consumption, and other information asked by the insurer.Â
Step 7: Review all the entered information
Step 8: Select the mode for premium payment. It can be through credit-debit cards, net banking, wallet, etc.Â
Step 9: Upload all the information, and the purchase process will be completed.Â
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The insurer will ask for three documents other than the policyholder's photo. The required documents are:
The features of ICICI iProtect Smart Brochure are already discussed, but there are some additional features one should be aware of. These features combined together make the term plan a suitable investment arena. Here is the list of additional features:
Before making any decision about investing in the policy, one must be acquainted with all the terms and conditions attached to the policy. Here is the list of all the terms and conditions that comes with the term plan:
If the person on whose life is insured under the policy, whether sane or insane committed suicide within the 12 months of risk commencement of the policy, the insurer will repay 80% of the total premium paid plus any other premium paid till that date or unexpired risk premium as applicable on the date of death, whichever is higher. But to get this benefit, the policy must be in force.
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.