A Review Of ICICI Prudential iCare II Term Plan

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:

• This term 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 iCare II Term plan offers the policyholder the opportunity to protect their loved ones in the unfortunate event of his/her death, ensuring financial security in their absence. In the event of death during the policy term, the policyholder’s nominees/claimants receive a lump sum life cover. The plan also provides additional protection for accidental death. 

1. What Are The Benefits Of ICICI Prudential iCare II Term Plan?

   Below mentioned are the key benefits of the ICICI Prudential iCare II Term plan:

   • Select your protection cover with flexibility in this life insurance plan:

   • Option I: Death benefit equal to the Sum Assured chosen by you.

   • Option II: An additional death benefit equal to the Sum Assured chosen by you or ₹2 Crore, whichever is lower, payable only in case of death due to an accident. This option is available only with the Regular Pay option.

   • Avail insurance cover at extremely affordable premiums with tax benefits on the premiums paid.

2. What is the Eligibility Criteria to Buy the ICICI Prudential iCare II Term Plan?

   The eligibility criteria for buying the ICICI Prudential iCare II Term Plan is mentioned below:

   Parameters	Minimum	Maximum
   Entry Age	18 years	65 years
   Maturity Age	85 years
   Policy Term	Regular Pay: 5 years to 67 years One pay: 5/10 years
   Sum Assured	Rs. 85,015	No Limit

Wrapping It Up!

Bajpeyi’s decision to buy the ICICI Prudential iCare II Term Plan has helped him secure his loved ones against several financial obligations of the future. With a range of plan options to choose from, ICICI Prudential iCare II Term is one of the most ideal options for people in the current times. 

FAQs