ICICI Pru iProtect Smart Term Plan

ICICI Pru iProtect Smart term insurance plan is one of the top-selling plans of ICICI Prudential. The plan offers complete protection along with critical illness benefits. In addition, it gives the flexibility to the policyholder to design their life cover as per their requirement, ensuring their family’s financially safe future even in your absence.

ICICI Pru iProtect Smart Term Plan Features

  • ICICI Pru iProtect Smart Term Plan offers 360-degree protection by including coverage against accidental death, accelerated critical illnesses, death, terminal illness, and disability.
  • It comes with 4 protection benefit options – Life, Life Plus, Life & Health, and All in one.
  • For non-tobacco users, the plan offers special premium rates.
  • It gives the flexibility to select the payout option as a lump sum or as monthly income for 10 years or a combination of both.
  • The plan also gives the flexibility to pay premiums once, throughout the entire policy term, or for a limited period.
  • Tax Benefits are applicable on the premium paid, and payout benefit is received as per the prevailing tax laws.
  • This plan offers a special premium rate for females and covers female organ cancers such as cervical cancer and breast cancer under Accelerated Critical Illness Benefit.


Details of the 4 Protection Benefit options offers ICICI Pru iProtect Smart Term Plan

Protection Benefit Options Description
  • This option pays the death benefit to the policy nominee on the first occurrence of either Death of the insured or
    Diagnosis of Terminal Illness. 
  • Further on Permanent Disability (PD) due to an accident, the future premiums under this policy for all benefits are
    waived off. 
Life Plus
  • In addition to the benefits under the Life Option, this option also covers Accidental Death (AD) Benefit. 
  • In case of death, the policy nominee gets the AD Benefit as a lump sum. The policy will terminate on payment of these benefits.
  • In case the AD Benefit is not triggered within the AD Benefit term, then it will terminate and its premiums will not be payable. However, you need to pay premiums for all other benefits to keep the policy active.
Life & Health
  • Along with the benefits under the Life Option, this option also offers Accelerated Critical Illness Benefit (ACI Benefit). 
  • ACI Benefit covers 34 critical illnesses and is payable, on the first occurrence of any of the listed 34 illnesses. 
  • In case the ACI Benefit paid is equal to the Death Benefit amount, the policy will terminate on the ACI Benefit payment. 
  • If ACI Benefit is not triggered within the ACI Benefit term, then it will terminate and the premiums corresponding to it will not be payable. 
All in one
  • In this option, along with the benefits under Life Option, it offers coverage against both Accidental Death Benefit and Accelerated Critical Illness Benefit.

Why should you choose ICICI Pru iProtect Smart Term Plan?

  • To give your family comprehensive protection against all kinds of uncertainties.
  • To avail the benefits of a pure protection plan that fits into your budget.
  • To enjoy the benefits of a term plan for a longer tenure.
  • To save your hard-earned money from the medical expenses of critical illnesses as well as terminal illnesses, including AIDS.
  • To opt desired payout option from the 4 given payout options as per your requirements.
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