ICICI Pru iProtect Smart Her Term Plan

It can be bought online and is also available with an increasing-income payout option to fund a child's future education.

Key Features of ICICI Pru iProtect Smart Her Term Plan

The ICICI Prudential Life Insurance newly launched iProtect Smart Her plan is specially designed term insurance for women. It combines comprehensive life protection with a guaranteed 15% lifetime discount on premiums. Here are the key features of the plan:

• ICICI Pru iProtect Smart Her term insurance provides financial protection to the policyholder's family in case of her death during the policy term.

• Flat 15% lifetime discount on premiums for women, on top of the standard online discount available to all customers.

• Optional cover against 60 critical illnesses, including women-specific conditions

• In-built Terminal Illness Benefit at no extra cost, payable if the policyholder is diagnosed with a condition likely to lead to death within 6 months.

• Instant Claim payout of ₹3 lakh to the nominee on claim intimation (for sum assured of ₹1 crore or above)

• Complimentary health management and wellbeing services accessible through the insurer's app. The overall benefits included with the plan are worth up to ₹92,100, and include women-specific health and wellness benefits valued at up to ₹25,000.

• Pregnancy break benefit to provide greater flexibility with premium payments

• Child Education Care through an increasing income payout over 10 years

• This term insurance policy for women offers choice of 4 death benefit payout options — lump sum, income, lump sum plus income, and increasing income.

• Option to buy the term insurance policy under the Married Women's Property (MWP) Act, ring-fencing the claim amount for the nominee.

Note: Know what is term insurance before you compare plans for yourself.

Eligibility Criteria of ICICI Pru iProtect Smart Her Term Plan

Tip: Use a term insurance calculator to estimate the cover and premium suited to your income and liabilities.

Benefits of ICICI Pru iProtect Smart Her Term Plan

Below mentioned are the benefits of the ICICI Prudential Term Insurance plan for women:

Death Benefit

On the death of the policyholder during the policy term, the insurer will pay the applicable sum assured on death to the nominee of the policy.

Flexible Payout Options

• Lump Sum: The full sum assured is paid out in one instalment.

• Income: A regular monthly income is paid to the nominee for 10 years.

• Lump Sum plus Income: Part of the benefit is paid upfront, and the remainder as monthly income over 10 years.

• Increasing Income: Monthly income is paid for 10 years, increasing by 10% simple interest every year — useful for goals like a child's growing education costs.

Woman-Specific Discount

ICICI Pru iProtect Smart Plus variant named Smart Her term insurance provides a flat 15% discount on premiums, which is available for women for the entire policy term, in addition to the online discount available to all customers and a further discount on first-year premiums for salaried women.

Pregnancy Break

This term insurance plan for Women allows a policyholder to defer premium payments for a defined period around pregnancy or childbirth, while the life cover continues uninterrupted, easing financial pressure during a career break.

Terminal Illness Benefit

If the policyholder is diagnosed as terminally ill (likely to lead to death within 6 months, as certified by specialists), the death benefit is accelerated and paid out — at no additional premium cost.

Optional Critical Illness Cover

Policyholders can add cover against 60 critical illnesses, including women-specific cancers, for a lump sum payout on diagnosis — usable for treatment, income replacement, or any other need, without proof of expenditure.

Optional Accidental Death Benefit

An additional payout can be added on top of the base death benefit if death occurs due to an accident.

Immediate Claim Support

An accelerated payout of ₹3 lakh is released to the nominee within a working day of claim intimation (subject to conditions), well before the full claim is processed — intended to help with immediate expenses.

Tax Benefits

Premiums paid may be eligible for tax deduction, and the payout may be tax-free, as per the prevailing provisions of the Income Tax Act. Tax benefits are subject to changes in tax laws.

How to Buy ICICI Pru iProtect Smart Plus from Policybazaar?

You can buy the ICICI iProtect Smart Plus plan online in a seamless way using the steps detailed below:

Step 1: Visit the term insurance page of Policybazaar

Step 2: Fill in personal information like name, mobile number, gender, and email ID

Step 3: Select the right occupation type, annual income, educational background, and smoking habits

Step 4: Choose ICICI Pru iProtect Smart Plus from the best term insurance plans available and proceed to pay.

Documents Required to Buy the Policy

• Address Proof

• Recent Passport-size Photograph

• Age Proof

• PAN (or Form 97, wherever applicable)

• Payout Mandate – Bank account details

• CDF - Customer declaration

• Agent confidential report (Based on login source)

• Passport (Applicable for NRI)

• FATCA/CRS declaration (where applicable)

• Other documents if asked by the company

Exclusions

Exceptions in the ICICI Pru iProtect Smart Her Term Plan are mentioned below:

• Suicide: If the policyholder dies by suicide within 12 months of policy inception (or revival), the nominee typically receives the higher of 80% of premiums paid or the policy's surrender value, rather than the full death benefit.

• Terminal Illness Benefit: Payable only when certified by qualified medical practitioners as per policy conditions; not available on policies sold through certain distribution channels.
  
  

• Critical Illness Benefit (if opted): Pre-existing conditions and illnesses diagnosed within any applicable waiting period are typically excluded.

• Accidental Death Benefit: The death should not have been caused due to any hazardous activity, suicide, self-harm, breaking the law, engaging in aerial fights, or being under the influence of drugs.

*Note: You must first learn about terminal illness meaning and then add the terminal illness rider to your term plan to eventually avail its benefits.

Always refer to the policy document and brochure for the complete and current list of exclusions before purchase.

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