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URL:
https://www.iciciprulife.com/term-insurance-plans/iprotect-smart-term-insurance-calculator.html
Submission: On November 03 via api from IN — Scanned from DE
Submission: On November 03 via api from IN — Scanned from DE
Form analysis 3 forms found in the DOM
POST
<form id="iProtectSmartJsonForm" action="" method="POST">
<input type="hidden" id="bolData" name="bolData">
</form><form class="new-lead-form">
<div class="lead-form-container mr-3">
<h1 class="section-header font-weight-bold">Term Insurance Calculator
<a href="javascript:void(0)" data-toggle="modal" data-target="#term-insurance-pop" class="lead-info"><img src="/content/icici-prudential-life-insurance/term-insurance-plans/assets_iPS_new/images/term_info.svg" width="20"></a>
</h1>
<div class="lead-input-section SingleFold">
<div class="top_toggle_nri">
<div class="d-flex toggle_nri width-all">
<div class="tog_nri_text">
<span class="" data-nosnippet="true">Are you a Non-Resident Indian?</span>
</div>
<div class="tog_nri">
<label class="switch">
<input type="checkbox" id="togle_for_nri" name="togle_for_nri">
<span class="slidernri round">
<div class="yes_no_text">
<span class="nri_no active">No</span>
<span class="nri_yes">Yes</span>
</div>
</span>
</label>
</div>
</div>
</div>
<div class="d-flex desk-hg width-all">
<div class="form-group mr-lg-3 mr-3 width-adjust">
<label class="cmn-label"><span class="hd-txt">I identify as </span></label>
<select id="myDropDown" class="form-field form-control input-field dropdown-content placeholder" name="gender">
<option value="Male" class="" style="color: rgb(74, 74, 74);">Male</option>
<option value="Female" class="" style="color: rgb(74, 74, 74);">Female</option>
<option value="Transgender" class="" style="color: rgb(74, 74, 74);">Transgender</option>
</select>
</div>
<div class="form-group width-adjust">
<div class="desk-tooltip tobacco-tool d-none"> Choose 'Yes' if you have smoked or chewed tobacco in the last 36 months </div>
<label class="cmn-label"><span class="hd-txt">I consume Tobacco </span>
<a href="javascript:void(0)" leadinfo="leadTobacco"><img src="/content/icici-prudential-life-insurance/term-insurance-plans/assets_iPS_new/images/tobacco_info.svg" class="mb-lg-1 lead-info tobacco-info" width="18"></a>
</label>
<div class="justify-content-around tobacco-radio-cont flex">
<div class="col-6 form-check-inline radio-box p-0">
<input class="form-check-input" type="radio" name="tobacco" id="tb1" value="Smoker">
<label class="col-12 form-check-label" for="tb1"> Yes </label>
</div>
<div class="col-6 form-check-inline radio-box p-0 mr-0">
<input class="form-check-input" type="radio" name="tobacco" id="tb2" value="NonSmoker" checked="">
<label class="col-12 form-check-label tobacco-label-2" for="tb2"> No </label>
</div>
</div>
</div>
</div>
<div class="form-group personal_detail d-none">
<label class="cmn-label">Personal details fields are not mandatory. </label>
</div>
<div class="d-flex desk-hg width width-all">
<div class="form-group mr-lg-3 mr-3 position-relative width-adjust">
<label class="cmn-label"><span class="hd-txt">Date Of Birth </span></label>
<!-- <span
class="error form-element-error desktop-remove">Enter
valid date of birth</span> -->
<input autocomplete="off" type="tel" class="form-control input-field" name="user_dob" placeholder="DD/MM/YYYY" maxlength="10"> <span class="age_by_dob slide-left delay02" style="display: none;">
<span class="js-age-text">XX</span> years old</span> <span class="error form-element-error">Enter valid date of birth</span>
</div>
<div class="form-group width-adjust">
<div class="desk-tooltip mobile-tool d-none"> Existing customers can enter the registered mobile number to avail a shorter application form and waiver of documents (if applicable) </div>
<label class="cmn-label"><span class="hd-txt">Mobile Number </span>
<a href="javascript:void(0)" leadinfo="leadMobile"><img src="/content/icici-prudential-life-insurance/term-insurance-plans/assets_iPS_new/images/tobacco_info.svg" class="mb-lg-1 lead-info mobile-info" width="18"></a>
</label>
<!-- <span class="error form-element-error desktop-remove">Enter
valid mobile number</span> -->
<!-- added by james on 21/02/2022 -->
<span class="valid_check hide">
<input autocomplete="off" type="tel" class="form-control input-field restrictInputChar" name="mobileno" id="leadMobileNo" placeholder="Enter Number" maxlength="10" value="">
</span>
<!-- end -->
<span class="error form-element-error">Enter valid mobile number</span>
</div>
</div>
<div class="form_normal_ips">
<div class="form-group mb-20">
<label class="cmn-label"><span class="hd-txt">Email ID</span></label>
<span class="valid_check hide">
<input autocomplete="off" type="email" style="padding-right:30px" class="form-control input-field" name="emailid" placeholder="Enter Your Email ID" value="">
</span>
<!-- end -->
<span class="error form-element-error">Enter valid email id</span>
</div>
<div class="d-flex desk-hg width-all">
<div class="form-group mr-lg-3 mr-3 width-adjust">
<div class="desk-tooltip annual-tool d-none"> Your life insurance cover limit will be calculated basis your income. You may be asked to provide an income proof at the time of purchase. </div>
<label class="cmn-label"><span class="hd-txt">Annual Income </span>
<a href="javascript:void(0)" leadinfo="leadAnnualIncome"><img src="/content/icici-prudential-life-insurance/term-insurance-plans/assets_iPS_new/images/tobacco_info.svg" class="mb-lg-1 lead-info annual-info" width="18"></a>
</label>
<div class="AnnualIncomeSelect">
<select id="myDropDown1" class="form-field form-control input-field dropdown-content placeholder" name="yr-income" style="color: rgb(222, 222, 222);">
<option value="" disabled="" selected="" hidden="" class="" style="color: rgb(74, 74, 74);"> Select your income </option>
<option value="150000" class="" style="color: rgb(74, 74, 74);">Up to 2.9L</option>
<option value="400000" class="" style="color: rgb(74, 74, 74);">3L-4.9L</option>
<option value="650000" class="" style="color: rgb(74, 74, 74);">5L-7.9L</option>
<option value="900000" class="" style="color: rgb(74, 74, 74);">8L-9.9L</option>
<option value="1500000" class="" style="color: rgb(74, 74, 74);">10L-19.9L</option>
<option value="2000000" class="" style="color: rgb(74, 74, 74);">20L & above </option>
</select>
<span class="error form-element-error" style="display: none;">Select annual income</span>
</div>
</div>
<div class="form-group mr-lg-3 mr-3 width-adjust d-none">
<div class="desk-tooltip annual-tool d-none"> Your life insurance cover limit will be calculated basis your income. You may be asked to provide an income proof at the time of purchase. </div>
<label class="cmn-label"><span class="hd-txt">Annual Income </span>
<a href="javascript:void(0)" leadinfo="leadAnnualIncome"><img src="/content/icici-prudential-life-insurance/term-insurance-plans/assets_iPS_new/images/tobacco_info.svg" class="mb-lg-1 lead-info annual-info" width="18"></a>
</label>
<div class="AnnualIncomeSelect">
<select id="myDropDown1" class="form-field form-control input-field dropdown-content placeholder" name="yr-income" style="color: rgb(222, 222, 222);">
<option value="" disabled="" selected="" hidden="" class="" style="color: rgb(74, 74, 74);"> Select your income </option>
<option value="1500000" class="" style="color: rgb(74, 74, 74);">10L-19.9L</option>
<option value="2000000" class="" style="color: rgb(74, 74, 74);">20L & above </option>
</select>
<span class="error form-element-error" style="display: none;">Select annual income</span>
</div>
</div>
<div class="form-group width-adjust">
<label class="cmn-label"><span class="hd-txt">Occupation</span></label>
<select id="myDropDown2" class="form-field form-control input-field dropdown-content placeholder" name="calc_occupation">
<option value="SPVT" class="" style="color: rgb(74, 74, 74);">Salaried</option>
<option value="BSEM1" class="" style="color: rgb(74, 74, 74);">Self-employed</option>
<option value="PROF" class="" style="color: rgb(74, 74, 74);">Professional</option>
</select>
</div>
<div class="form-group mr-lg-3 mr-3 width-adjust d-none">
<label class="cmn-label"><span class="hd-txt">Educational Qualification</span></label>
<select id="myDropDown3" style="text-overflow: ellipsis; padding-right: 35px;" class="form-field form-control input-field dropdown-content placeholder" name="calc_education">
<option value="680" class="" style="color: rgb(74, 74, 74);">Graduate & above </option>
<option value="679" class="" style="color: rgb(74, 74, 74);">12th Pass / Diploma Holder</option>
<option value="678" class="" style="color: rgb(74, 74, 74);">Below 12th Pass</option>
</select>
</div>
</div>
<div class="d-flex desk-hg width-all">
<div class="form-group mr-lg-3 mr-3 width-adjust">
<label class="cmn-label"><span class="hd-txt">Educational Qualification</span></label>
<select id="myDropDown3" style="text-overflow: ellipsis; padding-right: 35px;" class="form-field form-control input-field dropdown-content placeholder" name="calc_education">
<option value="680" class="" style="color: rgb(74, 74, 74);">Graduate & above </option>
<option value="679" class="" style="color: rgb(74, 74, 74);">12th Pass / Diploma Holder</option>
<option value="678" class="" style="color: rgb(74, 74, 74);">Below 12th Pass</option>
</select>
</div>
<div class="form-group width-adjust pincode_map_nri">
<label class="cmn-label"><span class="hd-txt">Pincode</span></label>
<!-- <span class="error form-element-error desktop-remove">Enter valid
pincode</span> -->
<input autocomplete="off" type="tel" class="form-control input-field restrictInputChar" name="calc_pincode" id="calc_pincode" placeholder="Enter your pincode" value="" maxlength="6">
<span class="error form-element-error">Enter valid pincode </span>
</div>
</div>
<div class="form-group cityList citylist_nri">
<label class="cmn-label"><span class="hd-txt">City</span></label>
<select class="form-control input-field" id="city_list" disabled=""></select>
<span class="error form-element-error mobile-remove">Select valid city </span>
</div>
</div>
<!-- for nri form -->
<div class="form_nri_flow d-none">
<div class="d-flex desk-hg width-all">
<div class="form-group mr-lg-3 mr-3 width-adjust">
<label class="cmn-label"><span class="hd-txt">Email ID</span></label>
<span class="valid_check hide">
<input autocomplete="off" style="padding-right:30px" type="email" class="form-control input-field" name="emailid" placeholder="Enter Your Email ID" value="">
</span>
<span class="error form-element-error">Enter valid email id</span>
</div>
<div class="form-group width-adjust">
<div class="desk-tooltip annual-tool d-none"> Your life insurance cover limit will be calculated basis your income. You may be asked to provide an income proof at the time of purchase. </div>
<label class="cmn-label"><span class="hd-txt">Annual Income </span>
<a href="javascript:void(0)" leadinfo="leadAnnualIncome"><img src="/content/icici-prudential-life-insurance/term-insurance-plans/assets_iPS_new/images/tobacco_info.svg" class="mb-lg-1 lead-info annual-info" width="18"></a>
</label>
<div class="AnnualIncomeSelect">
<select id="myDropDown1" class="form-field form-control input-field dropdown-content placeholder" name="yr-income" style="color: rgb(222, 222, 222);">
<option value="" disabled="" selected="" hidden="" class="" style="color: rgb(74, 74, 74);"> Select your income </option>
<option value="1500000" class="" style="color: rgb(74, 74, 74);">10L-19.9L</option>
<option value="2000000" class="" style="color: rgb(74, 74, 74);">20L & above </option>
</select>
<span class="error form-element-error" style="display: none;">Select annual income</span>
</div>
</div>
</div>
<div class="d-flex desk-hg width-all">
<div class="form-group mr-lg-3 mr-3 width-adjust">
<label class="cmn-label"><span class="hd-txt">Occupation</span></label>
<select id="myDropDown2" class="form-field form-control input-field dropdown-content placeholder" name="calc_occupation">
<option value="SPVT" class="" style="color: rgb(74, 74, 74);">Salaried</option>
<option value="BSEM1" class="" style="color: rgb(74, 74, 74);">Self-employed</option>
<option value="PROF" class="" style="color: rgb(74, 74, 74);">Professional</option>
</select>
</div>
<div class="form-group width-adjust">
<label class="cmn-label"><span class="hd-txt">Educational Qualification</span></label>
<select id="myDropDown3" class="form-field form-control input-field dropdown-content placeholder" name="calc_education">
<option value="680" class="" style="color: rgb(74, 74, 74);">Graduate & above </option>
<option value="679" class="" style="color: rgb(74, 74, 74);">Non-Graduate</option>
</select>
</div>
</div>
</div>
<div class="grp-emp-cont mb-10"> <a href="javascript:void(0)" class="modal-employee" data-toggle="modal" data-target="#modal_employee"><span class="grp-emp-txt">Click
here for ICICI group employee discount</span>
<span class="grp-emp-applied d-none"><img src="/content/icici-prudential-life-insurance/term-insurance-plans/assets_iPS_new/images/ext_cust_tag.svg">
10%
employee discount applied</span></a> </div>
<div class="form-check ndnc-text-cont">
<input type="checkbox" id="Trai_flag" name="Trai_flag" class="form-check-input" checked="">
<label for="Trai_flag"> <span class="">By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life and its representatives to contact me through call,RCS,WhatsApp or E-mail. I further consent to share my
information on confidential basis with third parties for evaluating and processing this proposal. </span> <span style="display:block; margin-top:5px;">
<span class="">If you wish to calculate your term insurance premium without sharing your personal details, </span><a class="premiumWithoutQuote" href="javascript:void(0)" style="color:#444444 !important;"><span class="fw-bold font-weight-bold fst-italic font-italic"><u>Click
Here.
</u></span></a>
</span>
</label>
</div>
<div class="form-check ndnc-text-cont smoker-cont d-none">
<input type="checkbox" id="smoker_flag" name="smoker_flag" class="form-check-input" checked="">
<label for="smoker_flag">
<span class=""> For Smoker profiles, the premium calculated is inclusive of an additional premium. </span>
</label>
</div>
</div>
<div class="section-sh d-block col-12 text-center" id="SingleFoldViewbtn1">
<button type="button" class="btn button lead-form-btn chk-prem-btn disabled emp-var">Check Premium </button>
</div>
<!-- Kaval Single fold 20/06/2023 -->
<!-- Kaval Single fold 20/06/2023 -->
</div>
</form><form>
<div class="form-group mb-10">
<label class="cmn-label mb-5x">NT ID</label> <span class="error form-element-error">Enter valid NT ID</span>
<input autocomplete="off" type="tel" class="form-control input-field" name="EmpUI" placeholder="Enter ID" maxlength="10" value="">
</div>
<div class="form-group mb-10">
<label class="cmn-label mb-5x">Password</label> <span class="error form-element-error">Enter valid password</span>
<input autocomplete="off" type="password" class="form-control input-field" name="EmpPW" placeholder="Enter Password" value="">
</div>
</form>Text Content
IN UNIT LINKED INSURANCE POLICIES, THE INVESTMENT RISK IS BORNE BY THE
POLICYHOLDER
WE HAVE SOMETHING SPECIAL IN STORE FOR YOU!
Check Plan
*2/+T&C Apply. W/II/0420/2023-24
IN UNIT LINKED INSURANCE POLICIES, THE INVESTMENT RISK IS BORNE BY THE
POLICYHOLDER
WE HAVE SOMETHING SPECIAL IN STORE FOR YOU!
Check Plan
*2/+T&C Apply. W/II/0420/2023-24
WE HAVE SOMETHING SPECIAL IN STORE FOR YOU!
Based on your profile we recommend you our latest term insurance plan
Check Plan
IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE
POLICYHOLDER
CHECKOUT OUR LATEST TERM INSURANCE PLAN!
Check Plan
~1T&C apply. W/II/0408/2023-24
Loading...
Retrieving your premium quote
❮
Just a few more details to customise your plan
Email ID Enter valid email id
Choose 'Yes' if you have smoked or chewed tobacco in the last 36 months
I consume Tobacco
Yes
No
Occupation Salaried Self-employed Professional
Pincode
City Select valid city
Submit
ICICI GROUP EMPLOYEE OFFER
Enter Your NT Credentials
Please enter valid userId and password.
Proceed
ICICI GROUP EMPLOYEE OFFER
Hello, Agnel!
Do you consume tobacco?
Yes
No
Please select any option
Choose "YES" if you have smoked or chewed tobacco in last 36 months
Please confirm your annual income (in Lakh)
Get your best premium rate
ICICI GROUP EMPLOYEE OFFER
Congratulations Agnel!
You unlocked 10% Discount throughout the policy term
YOUR PREMIUM
?3,627 ?3,438/month
As a valued customer you get more exclusive benefits
Shorter application form
Waiver of documents, wherever applicable
Proceed
Non-Linked Non-Par Life Individual pure risk premium product
Product Guide
Talk to an Expert NRI Helpdesk
You can connect with our expert online who will assist in selecting the right
plan for you.
ICICI Pru iProtect Smart
PROTECT THE ONES YOU
LOVE THE MOST
* Life Cover + Multiple Benefits9## in 1 plan
* Covers COVID-19 life claims8
Buy online & get a 5% discount‘ throughout your policy term
Smart Exit° Option
Limited premium payments
1 Day Claim Settlement>
Over ₹2,900Cr Volume Of Claimsε Closed
34 Critical Illnesses Cover ## (Optional)
Accidental Death Cover (Optional) 9
Tax Benefits^
Terminal Illness Benefit3
Permanent Disability Waiver5
At your Doorstep claim assistance
View all benefits
Smart Exit° Option
Receive your premiums back with Smart Exit Benefit°. This option can be
exercised in any policy year greater than 25 but not during the last 5 policy
years, provided the age of the life assured is 60 years or more at the time of
exercise. No additional premium is payable to avail this option.
Limited premium payments
Choose to pay only for a limited number of years (5, 7 or 10)**
1 Day Claim Settlement>
The claim settlement process has been made quicker and simpler, wherein we are
settling claims in 1 day>, provided that that the policy has been active for 3
continuous years, all mandatory claim documents have been submitted at branch,
and total claim amount of all policies held by the Life Assured =< ₹1.5 Crore.
The claim should not require any on-ground investigation.
Over ₹2,900Cr Volume Of Claimsε Closed
In Financial Year FY2021-22, ICICI Prudential Life Insurance has paid individual
death claims amounting to ₹2,977Crε.
34 Critical Illnesses Cover## (Optional)
Our term insurance plan you gives you additional protection against 34 life
threatening illnesses such as Cancer, Heart Attack and Kidney Failure. Claim
paid out on first diagnosis, no hospital bills needed. Policy will continue with
the life cover reduced by the extent of the critical illness benefit paid.
1. Cancer of specified severity
2. Angioplasty
3. Myocardial Infarction (First Heart Attack - of specified severity)
4. Heart Valve Surgery (Open Heart Replacement or repair of Heart Valves)
5. Surgery to aorta Heart and Artery Benefit
6. Cardiomyopathy
7. Primary (Idiopathic) Pulmonary hypertension
8. Open Chest CABG
9. Blindness
10. End stage Lung Failure (Chronic Lung Disease)
11. End stage Liver Failure (Chronic Liver disease)
12. Kidney Failure Requiring Regular Dialysis
13. Major Organ/ Bone Marrow Transplant
14. Apallic Syndrome
15. Benign Brain Tumour
16. Brain Surgery
17. Coma of specified Severity
18. Major Head Trauma
19. Permanent Paralysis of Limbs
20. Stroke resulting in permanent symptoms
21. Alzheimer's Disease
22. Motor Neurone Disease with Permanent Symptoms
23. Multiple Sclerosis with Persisting Symptoms
24. Muscular Dystrophy
25. Parkinson's Disease
26. Poliomyelitis
27. Loss of Independent Existence
28. Loss of Limbs
29. Deafness
30. Loss of Speech
31. Medullary Cystic Disease
32. Systematic lupus Eryth with Renal Involvement
33. Third degree Burns (Major Burns)
34. Aplastic Anaemia
TERM INSURANCE CALCULATOR
Are you a Non-Resident Indian?
No Yes
I identify as Male Female Transgender
Choose 'Yes' if you have smoked or chewed tobacco in the last 36 months
I consume Tobacco
Yes
No
Personal details fields are not mandatory.
Date Of Birth XX years old Enter valid date of birth
Existing customers can enter the registered mobile number to avail a shorter
application form and waiver of documents (if applicable)
Mobile Number Enter valid mobile number
Email ID Enter valid email id
Your life insurance cover limit will be calculated basis your income. You may be
asked to provide an income proof at the time of purchase.
Annual Income
Select your income Up to 2.9L 3L-4.9L 5L-7.9L 8L-9.9L 10L-19.9L 20L & above
Select annual income
Your life insurance cover limit will be calculated basis your income. You may be
asked to provide an income proof at the time of purchase.
Annual Income
Select your income 10L-19.9L 20L & above Select annual income
Occupation Salaried Self-employed Professional
Educational Qualification Graduate & above 12th Pass / Diploma Holder Below 12th
Pass
Educational Qualification Graduate & above 12th Pass / Diploma Holder Below 12th
Pass
Pincode Enter valid pincode
City Select valid city
Email ID Enter valid email id
Your life insurance cover limit will be calculated basis your income. You may be
asked to provide an income proof at the time of purchase.
Annual Income
Select your income 10L-19.9L 20L & above Select annual income
Occupation Salaried Self-employed Professional
Educational Qualification Graduate & above Non-Graduate
Click here for ICICI group employee discount 10% employee discount applied
By submitting my details, I override my NDNC registration and authorize ICICI
Prudential Life and its representatives to contact me through call,RCS,WhatsApp
or E-mail. I further consent to share my information on confidential basis with
third parties for evaluating and processing this proposal. If you wish to
calculate your term insurance premium without sharing your personal details,
Click Here.
For Smoker profiles, the premium calculated is inclusive of an additional
premium.
Check Premium
ICICI Pru iProtect Smart
Here is your customised plan
Claims Corner › NRI Corner ›
❮ Back
Customise your plan
Protect what you love the most
* Covers COVID-19 Life Claims8
Claims Corner › NRI Corner ›
Recommended
90% Buyers opt for Cover > 60 years*^
YOUR PLAN
! Want Higher Life Cover ?
Check
! Want Higher Life Cover ? Close Check
Maximum allowed life cover is calculated basis your profile details. Please
input your exact annual income to check for eligibility
Income
LifeCover
Save
Life Cover
* 50 Lakh
* 75 Lakh
* 1 Crore
* 1.5 Crore
* 2 Crore
only
Currently cover upto ₹ 1 Cr available
Recommended sum assured for you is ₹ 1 Cr
Policy Term 53 years 53 years 53 years 53 years
Smart Exit Option
ADD-ON
34 Critical Illness Cover##
@ ₹172
only
* 10.00 Lakh
* 15.00 Lakh
* 25.00 Lakh
* 50.00 Lakh
* 1.00 Crore
ADD-ON
Accidental Death Cover9
@ ₹172
only
Keep these documents handy
Did you Know?
About 30% of our customers opt for Limited Pay option//
Did you Know?
Paying yearly saves 2.5%7 on premiums
Our Medical Checkup Process is Completely Safe!
Our Health Partners follow all the safety protocols during medical checkup, be
it a visit to your residence or at the Diagnostic center.
Learn More
1.
2.
3.
Did you Know?
It is recommended to have a critical illness cover that is at least 2 times of
your current annual income
Did you Know?
We recommend a minimum of ₹50 lakh accidental death cover to make sure your
family is financially protected in case of an unfortunate incident
Did you Know?
Save on premiums by paying for a limited period, while staying covered for the
entire policy term
1.
2.
3.
Did you Know?
35%$$ of our customers have opted for an accidental death benefit cover
Did you Know?
Please note that Accidental Death benefit is offered at flat rates, e.g. a ₹50
lakh Accidental Death benefit comes for just ₹287 p.a.
Did you Know?
Nominee can get a higher payout in case of unfortunate demise due to an accident
1.
2.
3.
Did you Know?
Claim is paid out on first diagnosis, no hospital bills required
Did you Know?
33%$$ of our online customers purchase the optional critical illness benefit
with their policy
Did you Know?
Policy will continue with the life cover reduced by the extent of the critical
illness benefit paid
1.
2.
3.
Did you Know?
Claim is paid out on first diagnosis, no hospital bills required
Did you Know?
Over 30% of our customers like you, choose the Critical illness option//
Did you Know?
Premium for CI remains constant throughout the policy
1.
2.
3.
Did you know?
_________
₹25 lakh critical illness cover costs only ₹172 / month
Premium Payment Term
REGULAR PAY
?
Regular Pay
Pay for
Years
₹ rupees
Regular Pay
Pay for
Years
₹ rupees
LIMITED PAY
?
Limited Pay
Pay for
Years
₹ rupees
Save ₹
Limited Pay
Pay for
Years
₹ rupees
Save ₹
Limited Pay
Pay for
Years
₹ rupees
Save ₹
Limited Pay
Pay for
Years
₹ rupees
Save ₹
Limited Pay
Pay for
Years
₹ rupees
Save ₹
Limited Pay
Pay for
Years
₹ rupees
Save ₹
Limited Pay
Pay for
Years
₹ rupees
Save ₹
SINGLE PAY
Single Pay
Pay for
Years
₹ rupees
Nominee will receive
Lump-Sum
Payout
Entire amount of
₹1 crore in a single installment
Lowest Premium
Regular
Income
Monthly installment of ₹ for 10 years
Inflation Proof☩☩
Increasing
Income
Monthly installment from ₹ increasing by 10%/yr for 10 years
Lump Sum + Regular Income
50 lakhs
+
Monthly installment of ₹83,333 for 10 years
Covers
COVID-19
life claims8
One Day
Claim Settlement>
30 Day
Return Policy
By selecting this checkbox, I agree and confirm that I have read and understood
the Electronic Benefit Illustration (EBI) and wish to proceed to purchase the
policy.
Mandatory Field
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Download EBI
Receive quote on WhatsApp 8467 839 930
Additional 2.5%7 off on Yearly Premiums
Premium Break Up
Base Premium
₹1,311 / month
Critical Illness
₹352 / month
Accidental Death
₹287 / month
Your Premium(Incl.Tax)
₹713
(View Break Up)
5% discount` applied!
Additional 2.5%7 off on Yearly Premiums
Premium Frequency
Select your premium payment frequency
Yearly
Monthly
Half-Yearly
Additional 2.5%7 off on premiums
Save
Monthly
Proceed
Congratulations XYZ!!
As our valued customer, You are eligible for exclusive benefits
A shorter application form which can be completed quickly
Waiver of required documents, wherever applicable
×
CLAIMS CORNER
CLAIMS CORNER
A good claims experience is the ultimate service that an insurance company can
provide to its customers. At ICICI Prudential Life, we put our customers first
and have been striving to improve our claims experience over time. We have
created this Claims Corner to provide you with all the key facts you might need
regarding the Claims Process and History at ICICI Prudential Life.
Scroll down
VOLUME OF CLAIMS*
Below is the volume of claims settled by us over the years
Financial Year
2017-18
2018-19
2019-20
2020-21
2021-22
Individual Death Claims Settled
11216
10672
11212
14518
21795
Amount of Claims Settled
₹715.11 Cr
₹827 Cr
₹1023.64 Cr
₹1504.64 Cr
₹2977.50 Cr
CLAIM SETTLEMENT RATIO*
Over the years, we have successfully maintained a solid track record in claims
settlement.
Claims settlement ratios
FY 2020-21:
97.90%
FY 2021-22:
97.80%
SOLVENCY RATIO*
The Solvency Ratio tells you whether the insurer you choose will be financially
capable of settling your claim if the need arises. (IRDAI) mandates that every
life insurer should maintain a solvency ratio of at least 150%.
Solvency Ratio
FY 2021-22
216.80%
*Source: http://surl.li/dbzfr
DOOR TO DOOR
CLAIM ASSISTANCE
We have now introduced a door step claim document pick-up service. Your nominee
has to simply report the claim on claimsupport@iciciprulife.com or call us on
our dedicated Claim Care helpline 1860 266 7766 and our representative will be
at your doorstep to collect the documents.
OUR 3-STEP CLAIM PROCESS
Step 1
Claim Reporting
The first step involves reporting your claims. You can report your claims
online, at our branches, at our central office, on our central Claim Care
helpline, through SMS or e-mail.
Step 2
Claim Processing
Our special ClaimCare team will assess your claim, and inform you in case any
further documents need to be submitted.
Step 3
Claim Settlement
Once your claim is intimated, and we receive all the relevant documents, we will
settle your claim^. You have to visit the branch just once.
^Provided no investigation is required.
We have now introduced a door step claim document pick-up service. Your nominee
has to simply report the claim on claimsupport@iciciprulife.com or call us on
our dedicated Claim Care helpline 1860 266 7766 and our representative will be
at your doorstep to collect the documents.
VIEW DOCUMENTS REQUIRED FOR CLAIMS
Death Claim Accidental/ Suicidal Death Claim Critical Illness Claim
* Recent photograph of the claimant
* Pan card/Form 60 of the claimant
* Original Policy Document
* Copy of Death Certificate issued by Local Authority
* Claimant's current address proof*
* Claimant's photo identity proof*
* Cancelled cheque / Copy of bank passbook**
* Copy of Medico legal cause of Death Certificate
* Medical Records (admission notes, discharge summary, indoor case papers, test
reports etc.)
* Recent photograph of the claimant
* Pan card/Form 60 of the claimant
* Original Policy Document
* Copy of Death Certificate issued by Local Authority
* Claimant's current address proof*
* Claimant's photo identity proof*
* Cancelled cheque / Copy of bank passbook**
* Copy of Medico legal cause of Death Certificate
* Medical Records (admission notes, discharge summary, indoor case papers, test
reports etc.)
* Medical Attendant certificate/ Hospital certificate issued by doctor
* Post Mortem Report and chemical viscera report (If applicable)
* FIR/ Panchnama/ Inquest Report and final investigation report (If applicable)
* Employer’s Certificate of the Insured/Life Assured Copy of Driving License
(If applicable)
* Claimant’s statement/ claim intimation form
* Attending doctor’s certificate
* Copy of medical records (admission notes, discharge summary and test reports)
* Original policy certificate
* Cancelled cheque
* Recent photograph of the life assured
* Pan card/Form 60 of the life assured
* Life assured photo identity proof
* Life assured current address proof
YOU CAN REACH US AT
We have multiple touch points available for reporting claims
Give us a call on
Claim Care cell - Open 24 X 7
(except national holidays)
1860 266 7766(For calls within India)
+91 22 6193 0777(For calls outside India)
Send us an e-mail
You can register a critical illness claim or death claim by sending us an e-mail
at
claimsupport@iciciprulife.com
Send us a SMS
To report your claim over SMS, send a message in the format below -
SMS - ICLAIM<space>8-Digit Policy Number to 56767
Visit a branch
We have 471 branches# across the country and members of our ICICI Pru Life
family will be there to guide your family through difficult times
#Source: http://surl.li/dbzhd
COMP/DOC/Mar/2023/173/2506
×
ICICI Pru iProtect Smart
Here is your customised plan
* Covers COVID-19 life claims8
❮ Back
Congratulations, you are eligible for..
FASTER policy issuance
CHOOSE YOUR PLAN
PAY
Monthly
Yearly
LIFE COVER
₹ 50 lakh
POLICY TERM
53 years 53 years 53 years 53 years
Add on
The nominee will get a higher payout in case of death of the policyholder due to
an accident. Accidental Death benefit is of up to ₹2 crores.
ACCIDENTAL
DEATH COVER Ⓘ
₹ 20 lakh
Premium payment term
Regular pay
Nominee will receive
LUMP SUM
Your premium
₹ 0/ monthly
LIFE COVER
₹ 50 lakh
POLICY TERM
53 years 53 years 53 years 53 years
Premium payment term
Regular pay
Nominee will receive
LUMP SUM
Your premium
₹ 0/ monthly
i
POINTS TO KEEP IN MIND TO ENSURE SEAMLESS PROCESSING
1) Disclose correct information on the proposal form with regards to your
education, income, occupation, health & lifestyle habits, other insurance
policies, etc.
2) Submit all the mandatory documents or any other additional requirements on
time
3) Inform your dedicated Relationship Manager about your availability on call so
that they can contact you to fix up your medical appointment
4) In case of tele medicals please keep yourself available during the scheduled
time
5) In case of physical medicals please ensure you are present at the diagnostic
centre at the scheduled day & time.
Your Relationship Manager (RM) will be there to keep you informed/updated about
the status if your policy.
In case you have any doubts about the processing of your policy, you can
directly get in touch with your RM on 1860 267 9997
COMP/DOC/Nov/2022/1511/1495
Proceed
Continue with standard issuance
Know how limited pay works
Watch Video
Here's what a 32-year-old healthy male with a life cover of ₹1 crore and policy
term of 53 years would pay1
Limited Pay
If you pay for
5 years
7 years
10 years
Monthly premium : ₹9,251
Total premium : ₹5,55,060
Saved ₹ 8,32,056
Savings 59.98%
Regular Pay
If you pay for
53 years
Monthly premium : ₹ 2,181
Total premium : ₹ 13,87,116
Savings 0%
Check Premium
STEPS TO BUY
Calculate your Term Insurance premium
--------------------------------------------------------------------------------
Make payment &
submit documents
--------------------------------------------------------------------------------
Complete medical
check-up
--------------------------------------------------------------------------------
Policy Issued
HOW THE PLAN WORKS? PLAY VIDEO
Anil's Story Priya's Story
Priya's Story
35 Years
Anil chooses a
Life Cover
of ₹1 crore for 30 years
35-65 Years
Anil makes regular
premium payment
65 Years
After his unfortunate death-
The Life Cover is payable to the nominee
Anil's Wife
The nominee gets
₹83,333 as
monthly income
for 10 years
32 Years
Priya chooses
Life & Health Cover of
₹1 crore & Critical Illness
Cover of ₹20 lakh for 30 years
40 Years
She is diagnosed with a critical illness.
She is paid ₹20 lakh as a lump sum &
policy continues with the Sum Assured
reduced to ₹80 lakh
Priya's Daughter
On Priya's unfortunate demise
at the age of 55,
her nominee gets
₹80 lakhs as lump sum
Check Premium
QUICK GUIDE TO YOUR PLAN
Term
Plan
Additional
Benefits
Term Plan
Calculator
What is a term plan? When should I buy a term plan? Who should buy a term plan?
How much term insurance cover do I need? What is limited pay option? Which
payout option should I choose? What are the benefits of a term insurance premium
calculator?
What is Accidental Death benefit9 (optional)? What is Critical Illness
benefit##(optional)? What is Inbuilt Terminal illness benefit3? What is Inbuilt
Permanent disability benefit5?
What is a term insurance calculator? How does a term insurance calculator work?
How is your term insurance premium calculated? Steps to use the term insurance
premium calculator
What is a Term Plan?
Term Insurance plan is a simple and pure risk cover form of life insurance. It
provides financial protection to your family against a fixed premium paid for a
specified term. You can get a large amount of term insurance cover (sum assured)
at affordable premiums. The nominee receives the term insurance amount in case
of death of the policyholder
When should I buy a term plan?
The earlier you buy a Term Plan, the better it is as the premiums are lower when
you are young. Also, with current lifestyles and increasing instances of
illnesses, it may become difficult to get a term plan later, as you grow older
Anil, 30 years old
Non-smoker
Policy duration:
30 years
Premium:
₹885 p.m
Arun, 40 years old
Non-smoker
Policy duration:
30 years
Premium:
₹1,784 p.m
Who should buy a term plan?
Parents
If you have children or dependent adult family members and are responsible for
paying for their needs and upkeep then you must buy a term plan
Young individuals
The premium for term insurance increases with age. So it makes smart sense for
young professionals without financial liabilities to buy term plan early & this
way they get lower premium rates and the rates will not increase over time
Newly married couples
A term plan can help you create a financial safety net for your growing family
so that their dreams are never compromised, even when you are not around
Home loan repayment
In case of an unfortunate incident, the responsibility of paying the outstanding
loans should not fall on your loved ones. In case of your unfortunate demise,
the death benefit payout from the term plan can be used by your family to repay
your loans
How much term insurance cover do I need?
The term insurance cover you need depends on your current annual income. We
recommend that a term insurance cover equivalent to 10-15 times your annual
income is sufficient to provide for a safe future for your family
If budget is a problem, you can go for a monthly premium payment option over a
yearly commitment. However, it is important to have a sufficient term insurance
cover so that your family's financial security is not compromised. A term
insurance premium calculator will help you in choosing the term insurance cover
well suited to your budget
What is limited pay option?
With the limited pay option, you can pay premiums for a specific pre-agreed
period of time (5, 7 or 10 years) and enjoy the term insurance cover for the
whole policy duration, irrespective of the premium payment period. You can save
up to 65%** over the entire policy duration with this option
Which payout option should I choose?
Our Term Insurance Plan has four payout options:
1. Lump sum - The entire life cover is payable as a lump sum (single payment)
2. Regular income - 10% of the life cover is payable every year for 10 years.
This is paid in equal monthly installments
3. Increasing Income - The life cover is payable in monthly installments for 10
years starting with 10% of the life cover in the first year. The income
amount will increased by 10% per annum thereafter
4. Lump sum + Income - You have the flexibility to split the life cover amount
that you want your nominee into two parts - one part of the life cover as a
lump sum and the remaining life cover will be paid in equal monthly payments
for 10 years
What are the benefits of a term insurance premium calculator?
1. Flexibility to customise - The term insurance calculator gives you the
flexibility to design your term plan as per your needs. You can pick and
choose your own life cover amount, choose to strengthen your coverage by
adding riders, choose the premium payment term and payout method as per your
financial plan.
2. Efficient - The term insurance premium calculator can generate a customised
quote for you within 2 minutes And all of this is free of charge
What is Accidental Death benefit9 (optional)?
In case the policyholder dies due to an accident during the policy term, the
nominee/legal heir will be paid an extra amount. A maximum cover of ₹2 crore is
available with this benefit, which you can add during purchase or even after the
purchase
Anil - Age 30
Anil chooses a life cover of ₹1 crore with Accidental Death benefit cover of ₹50
lakh.
Anil - Age 45
Anil dies due to an accident and his nominee gets ₹1.5 crore
What is Critical Illness benefit##(optional)?
Critical illness benefit pays claim amount on first diagnosis of any of the 34
critical illnesses. It means that just a photo copy of diagnosis report is
needed and no hospital bills are required to initiate the claim. For women,
there is an option to cover critical illnesses like breast cancer and cervical
cancer as well. Once the claim for critical illness is paid out, the life
insurance cover minus the critical illness cover stays in force with reduced
premium.
What is Inbuilt Terminal illness benefit3?
If the policyholder is diagnosed with a terminal illness like AIDS, full sum
assured is paid out immediately. This is an in-built benefit and thus, comes at
no extra cost
Anil - Age 30
Anil buys ICICI Pru iProtect Smart with a life cover of ₹1 crore
Anil - Age 45
He is diagnosed with a terminal illness. His entire life cover amount is paid to
him.
What is Inbuilt Permanent disability benefit5?
The policyholder does not need to pay future premiums in case of permanent
disability due to an accident. The life cover continues for the entire policy
term. This is an in-built benefit and thus, comes at no extra cost
Ajay- Age 32
Ajay buys ICICI Pru iProtect Smart with a life cover of ₹1 crore and a policy
term of 30 years.
Ajay- Age 45
Ajay meets with an accident and he was not able to move, climb or bend. The
company waived off all his future premiums and the life insurance cover stayed
in force for the entire policy term.
What is a Term Insurance calculator?
A term insurance plan offers you a life cover in exchange for a premium. This
premium is directly proportional to the sum assured and tenure of your plan. A
high sum assured and long tenure may result in a high premium and interfere with
your budget. On the other hand, a low sum assured and short tenure may get you a
low premium but may not be adequate for your family's future requirements.
Ascertaining the right premium, sum assured, and tenure can be confusing. But a
term plan calculator can help you.
A term insurance calculator is an online tool that lets you calculate term
insurance premium for your plan. You can use the term insurance calculator free
of charge and understand the estimated premium amount of your desired plan.
Using a term insurance calculator is simple and completely hassle-free. All you
need to do is add a few details like your name, age, annual income, etc., and
the calculator will calculate term insurance premium for you.
How does a term insurance calculator work?
The term insurance calculator takes into account details like your age,lifestyle
habits like smoking or drinking, income, age, gender, policy term, sum assured,
riders, etc. and calculates an estimated premium amount for the chosen plan. You
can also choose premium payment options like monthly, half-yearly, annual, etc.,
to get a clear picture of the premium amount for each option.
The term plan calculator gives you estimate based on the information you feed.
So, if you change any of the information, the calculator will show you a
different result.
How is your term insurance premium calculated?
Various factors can determine your term plan premium, such as your age,
gender,income, lifestyle habits, occupation, policy term, sum assured amount,
additional riders, medical history, premium payment term, and the frequency of
premium payment. Starting point to know your premium would be through a term
insurance calculator
Steps to use the term insurance premium calculator
You can follow these steps when using a term insurance calculator:
1. Enter your name, email address, and phone number
2. Enter your date of birth and gender
3. Enter your annual income
4. Mention lifestyle habits like smoking, consuming tobacco or alcohol (if any)
5. Enter policy related details like the life cover amount, policy tenure,
premium payment method, frequency of premium payment (monthly, half-yearly,
annual, etc.)
6. Choose riders like the terminal illness benefit, the critical illness
benefit, the permanent disability benefit, or the accidental death benefit.
Riders are optional, but you can add them if you want additional protection
The term plan calculator will provide you with an estimated premium amount
instantly. If you are not satisfied with the result, the term insurance premium
calculator allows you to tweak the information, like increase or decrease the
life cover amount, shorten or extend the policy tenure, add or remove riders,
etc.
Check Premium
CLAIM SETTLEMENT PROCESS
Step 1
Report Claim
You can report your claims online, at our branches, at our central office, on
our central ClaimCare helpline, through SMS or e-mail
--------------------------------------------------------------------------------
Step 2
Process
Our special ClaimCare team will assess your claim, and inform you in case any
further documents need to be submitted
--------------------------------------------------------------------------------
Step 3
Settle
Once your claim is intimated, and we receive all the relevant documents, we will
settle your claim
Check Premium
WHY CHOOSE ICICI PRUDENTIAL LIFE?
7.71 Cr%
Lives covered as
on March 31, 2023
₹2.36 Lakh Cr`
Benefits paid till
March 31, 2023
1 Day
Claim
Settlement >
30 Day Return Policy
If not satisfied, return (free look) the policy and get your money back
Check Premium
FREQUENTLY ASKED QUESTIONS
Limited Pay Term insurance Smart Exit° Option Payout methods Nominee Application
form MWP act Smokers
Optional benefits Premium payment Policy related Tax For women Claims
Is it safe to buy a term plan online?
Yes, you can purchase a term plan online with verified payment methods like UPI,
debit or credit card, or net banking. As long as you select a reputable
insurance company, you have nothing to worry about. In case of any issues, you
can also reach out to the customer service team.
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How is a term insurance plan different from other life insurance plans?
While traditional life insurance plans have both a protection and an investment
component, term insurance plans are pure protection plans that don't give any
payout on surviving the policy term. However, as compared to traditional life
insurance plans, term plans have the advantage of providing large sum assured
coverage at much more affordable rates.
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Why should I buy a term plan?
In today's uncertain times, it is important to ensure your dependents are
financially protected even if you are not around. Buying a term plan is a simple
and cost-effective way to do this. With term insurance, you can get a large
amount of life cover at a relatively low premium rate. You can get a ?1 crore
term insurance cover starting at just ?540 per month2a, which is less than half
the cost you would typically pay for an outing with your family. The benefit
amount will be paid to the nominee in case of death of the policyholder during
the term of the policy.
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Do I need to buy term insurance even if I'm covered under my company's group
policy?
Many companies today provide insurance cover for their employees. However, it is
advisable to get an individual policy for yourself for the following reasons:
1. Not enough cover - The cover provided by company's life insurance policy
(generally ₹10-15 lakh) may not always be sufficient to sustain your family
in case something happens to you.
2. Will lose coverage if you change your job - This coverage is dependent on
your job. If you leave the job, the insurance cover ends then and there,
till you join a new job. The period between the end of the old job and the
start of the new one would be without cover.
3. Standard policy for all employees, not customized to your needs - The life
insurance policies provided by your employer are standardized policies which
are not customized according to your specific needs and don't generally
contain any provisions for critical illness, terminal illness and
disabilities.
Hence, even if you are covered under your company's group policy, you may still
buy a separate term plan with a life cover that is at least 10-15 times your
annual income to make sure your family is able to sustain their current standard
of living and is adequately provided for in your absence.
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How do I get a term plan online?
You can get a term plan online by visiting the ICICI Prudential Life website and
clicking on Term Insurance. You can download the brochure to go through the
details of the policy or fill your basic details like age, gender, tobacco
usage, income etc. in our term insurance premium calculator and generate a
customised quote. You can then make the payment, submit the documents, and
complete the medical check-up. Your policy will be issued once all these
formalities have been completed.
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Are there any age limits for buying a term plan?
Yes, the minimum and maximum age for buying a term plan are 18 and 60 years
respectively.
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How to select the best term plan for myself?
There are various factors you need to consider when selecting the best term
plan. These are:
1. Brand: Choose a well-known brand that is financially strong and sure to be
around for a long time. ICICI Prudential Life Insurance is an old and
trusted private sector life insurance company in the country with an Assets
Under Management value of ₹2.40 tn18 (as on Mar 31, 2022).
2. Claim settlement: Select an insurance company with a consistently high claim
settlement ratio and an easy and hassle free claim settlement process. With
ICICI Prudential's term plan, you can get your claim settled within 1 day >.
The company has a claim settlement ratio of 97.8% (FY 2021-22) ~ and has
paid ₹2.04 tn ` in claims (since inception up to Mar 31, 2022) You can check
our last 5 years' claim settlement ratio here .
3. Additional benefits: Look for additional benefits such as critical illness
coverage and accidental death coverage. ICICI Prudential Life term plan
provides the option to get health coverage for 34 critical illnesses## up to
₹1 crore and accidental death coverage9 up to ₹2 crore.
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What are the benefits of buying a term insurance policy online?
There are various benefits of buying a term plan online:
1. Ease and convenience - You can complete your purchase in just a few minutes
anytime anywhere. You can explore our plans on your mobile too
2. Better control - Buying a term plan online lets you customize it according
to your exact needs instead of relying on someone else to do so.
3. Complete transparency - As there are no intermediaries involved and you buy
directly from the insurance company, the entire process is transparent and
you are not set up for any unpleasant surprises later on.
4. Full security - Your personal and health information is private and secure.
5. Online discount - ICICI Prudential provides 5% discount‘ when you purchase
our term plan online (If you are an ICICI group employee, you get 10%
discount throughout the policy term, even if you leave the organization
after purchase of the policy).
6. Dedicated Relationship Manager - From the moment you purchase a policy till
the time you receive the policy kit, a dedicated Relationship Manager will
be assigned to you who will assist you at every step, right from uploading
of documents to fixing up your medical appointments to any other
doubts/issues your might have about our process.
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What kind of deaths are covered in this term insurance plan?
All kinds of deaths are covered under the plan including natural, accidental,
murder, illnesses and natural calamities. You are covered under this plan as
soon as your policy is issued and there is no waiting period ==. Coverage of
death due to suicide is not available only in the first year of policy. Also,
once you buy the policy, you stay covered whether you are in India or abroad.
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How much term insurance cover do I need?
The term insurance cover you need depends on your current annual income. We
recommend that a term insurance cover equivalent to 10-15 times your annual
income is sufficient to provide for a safe future for your family. If budget is
a problem, you can go for a monthly premium payment option over a yearly
commitment. However, it is important to have a sufficient term insurance cover
so that your family's financial security is not comprmised. A term insurance
premium calculator will help you in choosing the term insurance cover well
suited to your budget
Was this answer helpful?
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What policy term should I select?
You should get a policy till your retirement age. But financial liabilities can
continue beyond retirement too. ICICI Prudential Life term plan also gives you
the option to get a whole life plan till the age of 99 years. It will be cheaper
to buy a policy for a longer term now than to purchase another one later.
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What are the in-built benefits offered under ICICI Pru iProtect Smart term
insurance?
ICICI Prudential Life term plan comes with two in-built benefits:
1. Terminal Illness Benefit: You receive 100% claim payout in case you contract
a terminal illness 3
2. Permanent Disability Benefit: All your future premiums are waived off while
your policy continues if you get a permanent disability 5
Refer to our product guide to know more about these benefits.
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What is the maximum cover I can get without going for physical medicals?
Our term insurance plan offers a term insurance cover up to ₹2 crore and an
additional critical illness benefit (optional) of up to ?25 lakh with only
telemedicals process (subject to underwriting). The same can be completed from
the safety of your home. In case you are required to undergo physical medicals,
our team will contact you for the same.
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Do I need to visit ICICI Prudential Life Insurance Company's branch for anything
or the entire process of buying a term insurance plan is online?
You don't have to visit any of our branches as the entire process is online.
Yes, there maybe a situation where you may have to visit one of our health
partners (diagnostic center) to undergo physical medicals. Our team of experts
will decide based on the details given by you, whether you are eligible for Tele
medicals or Physical medicals. Also if our Health Partners are available in
close proximity to your place of residence we will arrange for a home visit. The
cost of the medical tests are completely borne by ICICI Prudential Life
Insurance.
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Why should I buy the term insurance plan from ICICI Prudential Life Insurance?
ICICI Prudential Life was founded in the year 2001. With a legacy of 21 years,
ICICI Prudential Life has earned itself the trust of its customers by being one
of the top private insurers in the country today. Not only that, with time we
have adapted ourselves wth the changing consumer needs with customer centricity
being one of our cornerstones.
1.There for you
Taking the customer first approach, we have made the online insurance buying
process very easy and seamless. Be it offering 5% discount‘ on premiums
throughout the policy term or providing assistance at the time of purchase or
assigning a dedicated Relationship Manager to assist you every step of the way,
you can be assured that ICICI Prudential Life will be there for you.
2.There for your family
At ICICI Prudential Life, we put our customers first and have been striving to
improve our claims experience over time. Your family has the option to report
claim either online, at our branches, central office, via SMS, e-mail or through
our call centre as per their convenience. We also provide an option of door step
claim document pick-up (within India). To avail this service, the beneficiary
needs to submit a request at claim.support@iciciprulife.com or at our
call-centre. Our special ClaimCare team will assess your claim, and inform you
in case any further documents need to be submitted. Post receiving all the
necessary documents, we will process your claim request. When it comes to
settling claims you can trust ICICI Prudential Life's track record of high claim
settlement ratios. You have made the right choice by choosing us as your Life
Insurance partner.
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How is Terminal Illness benefit different from Critical Illness benefit? Is it
included in the basic benefit or an add-on?
It is an in-built feature of our Term plan as it does not incur any extra cost3.
Any condition or illness which, in the opinion of two independent medical
practitioners’ specializing in treatment of such illness, is highly likely to
lead to death within 6 months will be considered as a Terminal Illness. The
terminal illness must be diagnosed and confirmed by medical practitioners’
registered with the Indian Medical Association and approved by the Company. On
the other hand, Critical Illness Cover is an optional benefit that you can
purchase wherein you receive a pre-determined claim amount in case of diagnosis
of any of 34 specified critical illnesses ##. No bills or proof of expenditure
is required. There is also no restriction of network hospitals. You can use the
claim amount to get a treatment at a hospital of your choice or however else you
deem fit. This benefit is accelerated and not additional, which means the policy
will continue with the Death Benefit reduced by the extent of the critical
illness benefit paid. Also, the premium for this benefit remains constant
throughout policy term.
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COMP/DOC/Dec/2021/2912/7148
What are the various benefits of using a term insurance calculator?
A term insurance calculator can help you save time and effort. It is a free
online tool that gives an accurate result of the premium which you have to pay
for the life cover` of your choice. Online term insurance calculators also make
it easier to create a budget and accommodate your insurance needs within it.
A term insurance calculator also offers a lot of flexibility wherein you can add
or remove benefits/riders based on your requirement, choose how you would want
your nominee to receive the life cover` amount in case of unfortunate death as
well as choose to pay premiums in a frequency which you would be more
comfortable with.
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What is Smart Exit° Option?
Under the Smart Exit° Option available with ICICI Pru iProtect Smart term plan,
the policyholder can exit the policy once the required eligibility conditions
are met and receive all the premiums paidS1, excluding the GST amount. This
option can be exercised in any policy year greater than 25 but not during the
last 5 policy years, provided the age of the life assured is 60 years or more at
the time of exercise. Availing this option provides you with the flexibility of
exiting the policy early in case your financial responsibilities are no longer
there and receive all the premiums paidS1 at no additional cost.
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What is the minimum sum assured for which Smart Exit Benefit is applicable?
The minimum Sum Assured at the inception of policy should be ₹60 lakh.
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What are the condition needs to be fulfilled for availing this benefit?
A policy holder needs to fulfill the following conditions:
1. His minimum sum assured should be ₹60 lakh.
2. His minimum policy term chosen at inception should be 31 years.
3. The age of the policy holder at the time of exercising this benefit should
be 60 or above.
4. At the time of availing the benefit, his policy should be in-force for at
least 25 years.
5. He cannot avail this benefit in the last 5 years of his policy term chosen
at inception.
6. The Policy is in-force with all due premiums paid at the time of exercising
this option.
7. No claim for any of the underlying benefits has been registered and is under
evaluation/ or accepted/ or paid/ being paid on the Policy.
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What happens on availing the Smart Exit Benefit?
The Policy shall terminate on payment of this benefit (if exercised) and all
rights, benefits and interests under this Policy will stand extinguished.
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Can I get return of premium for Critical Illness Benefit and Accidental Death
Benefit?
The rider premiums (Critical Illness Rider and Accidental Death Benefit Rider)
will also be refunded provided their term hasn’t ended till the time of
exercising this option.
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Can I get return of premium if I have already claimed Critical Illness Benefit
in the past?
In case the customer has already received the claim for the Critical Illness
Benefit, no premiums will be paid back to the customer, as in case of claim,
special exit feature doesn’t apply.
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How much premium is returned on availing Smart Exit Benefit?
On availing this benefit, the customer will receive 100% of Total premium paid
(incl. Life Cover premium, Critical Illness premium, Accidental Death Benefit
premium and Life Stage premium) excluding GST amount.
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How much Premium will be returned if I have opted for Life Stage Benefit during
policy term?
In cases where Life Stage Protection option has been exercised, Total Premiums
Paid includes premium paid for every subsequent increase in sum assured
purchased along with premiums paid for CI and ADBR riders.
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What is the process of adding Smart Exit Benefit in the policy at the time of
buying?
Smart Exit Benefit is automatically added to your policy once the required
eligibility conditions have been met.
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Can an existing customer who has already bought the policy before Smart Exit
benefit was applicable claim its benefit?
Smart Exit benefit option is applicable for all policies bought on or after
February 21st, 2023 with the updated product UIN 105N151V07, that fulfil the
qualification criteria.
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What are the optional benefits available under this term insurance plan?
There are two additional benefit options available with ICICI Pru's term plan:
1. Critical Illness Cover: This is an optional benefit the customer can
purchase wherein he/she receives a pre-determined claim amount in case of
diagnosis of any of 34 specified critical illnesses ##. No bills or proof of
expenditure is required. There is also no restriction of network hospitals.
You can use the claim amount to get a treatment of your choice or however
else you deem fit. This benefit is accelerated and not additional, which
means the policy will continue with the Death Benefit reduced by the extent
of the critical illness benefit paid.
2. Accidental Death Cover 9: This is another optional benefit wherein an
additional cover is payable in case of death due to accident. The maximum
cover that can be availed is ₹2 crore.
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Why is Critical Illness cover ## important?
If you are ever diagnosed with a critical illness, it can not only affect you
physically and emotionally but also financially. A critical illness can cause
you to leave your job temporarily or permanently and lose out on your income.
ICICI Pru iProtect Smart offers the optional benefit of covering yourself
against 34 Critical Illnesses ## such as cancer, heart attack and kidney failure
by paying just a little extra premium. The best part about this benefit is that
you receive the full claim payout on the first diagnosis of any of the covered
34 Critical Illnesses. No hospital bills are needed, nor is there any
restriction of getting treated at network hospitals. This claim amount can not
only be used for a treatment of your choice but also safeguard your family
against the loss of income arising out of the illness.
Did You Know: 33%$$ of our online customers purchase the optional critical
illness benefit with their policy.
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How much Critical Illness benefit ## can I choose under this term plan?
The minimum Critical Illness benefit you can choose is ₹1 lakh and the maximum
benefit is ₹1 crore. The cost of medical treatment is continuously rising. So it
is recommended to have a critical illness cover that is at least 2 times of your
current annual income.
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When do you receive Critical Illness pay-out?
The Critical Illness benefit amount is payable immediately if and when you are
diagnosed for the first time with any of the 34 critical illnesses ## covered by
ICICI Pru iProtect Smart. A copy of the diagnosis report is required to initiate
the critical illness claim and it is payable basis fulfillment of definition of
the diagnosed critical illness.
This benefit is accelerated and not additional, which means the policy will
continue with the Death Benefit reduced by the extent of the critical illness
benefit paid.
Refer to our product guide for more details.
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What happens to the policy and premium when the policyholder is diagnosed with a
Critical Illness?
The policy continues with the life cover reduced by the amount paid out for the
critical illness claimed. The premiums to be paid are also accordingly reduced.
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What is Accidental Death cover 9?
Accidental Death Cover is an optional benefit available under ICICI Pru iProtect
Smart which provides the nominee with a higher payout in case of death of the
policyholder due to an accident. The maximum benefit that can be taken in this
case is ₹2 crore. Accidental Death Benefit is only applicable up to age of 80.
You can chose to add this benefit to your term insurance policy anytime during
the term of your policy.
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Why should I buy a separate Accidental Death cover 9 when accidental deaths are
already covered in the base plan?
An accidental death can have an involvement of additional costs. It is therefore
wise to opt for additional cover in case of death due to accident so that your
family is adequately protected in your absence.
Did you know: 35%$$ of our customers purchase the optional accidental death
benefit along with their policies.
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How much Accidental Death benefit 9 can I choose under this term Insurance plan?
The minimum Accidental Death benefit you can choose is ₹1 lakh. The maximum
benefit will be up to the basic life cover subject to maximum of ₹ 2 crore, as
per the company policy. We recommend you get a minimum of ₹50 lakh accidental
death cover to make sure your family is financially protected in case you die in
an accident. Please note that Accidental Death benefit is offered at flat rates,
e.g. a ₹50 lakh Accidental Death benefit comes for just ₹287 p.a., whatever your
profile is.
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What all methods are available to make premium payment?
The various payment methods available for online payment of premiums include
credit card, debit card, net banking, UPI, Google Pay, Amazon Pay and other
popular payment wallets.
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Will my premium increase every year?
No, the premium for the entire policy term is fixed at the time you purchase the
policy. The tax component (GST) may change as per Government of India
regulations or applicable tax laws.
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What are the advantages of limited pay premium option?
Limited Pay is a great option wherein the customer pays premium for a limited
period while enjoying the benefits of the plan for the entire policy term. This
lets you free from the burden of paying premiums early on while keeping your
family secured for a long period of time. While the premiums to be paid are
slightly higher than regular pay; with the limited pay option, you can end up
saving up to 65% ** on total premiums paid.
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Which are the different payment terms available for paying premium under ICICI
Pru iProtect Smart?
We have 3 payment terms available:
* Regular pay where you pay for the entire policy term
* Limited pay where you pay for only 5 years, 7 years, 10 years, till the age
of 60 years and policy term 5 years
* Single pay where you pay the entire premium in one go (Note : max policy term
available with single pay option is 20 years)
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What is the ideal premium payment term?
Although you can pay for the entire policy term, we suggest that you pay your
premiums till the time you are earning. If you are young, it would be wise to go
for a 5, 7 or 10 year limited pay and get done with paying premiums before more
responsibilities get added on to your life. If you are 35 or above, you can
choose limited pay till 60 years, i.e. retirement.
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Which are the different payment frequencies available for paying premium?
You can choose to pay the premiums monthly, half-yearly or yearly. Paying yearly
helps you save 2.5% on your premium payments 7 Our term insurance premium
calculator gives you the flexibility to choose the payment frequency as per your
comfort.
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Can I change premium payment frequency during the policy term?
Yes, you can.
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What is the grace period for making premium payment?
A grace period for payment of premium of 15 days applies for monthly premium
payment mode and 30 days for other modes of premium payment. If the premium is
not paid within the grace period, the policy shall lapse and cover shall cease.
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What are the various methods of paying premium online?
The various payment methods available to make your premium payment include
credit card, debit card, net banking, UPI, Google Pay, Amazon Pay and other
popular payment wallets.
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What are the payout options available under Our Term Plan?
You can choose how you want your nominee to receive the term insurance claim
payout, from our four flexible payout options:
1. Lump sum - entire claim amount is paid out at once
2. Monthly income -life cover payout in made in equal monthly instalments
3. Increasing income - life cover payout in monthly instalments that increase
by 10% every year
4. Lump sum + Income - one large payout at once and remaining in monthly
instalments
5. Our term insurance premium calculator allows you to check premiums for each
of these payout options and you can choose whichever is the best suited for
you.
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What is lump sum payout and who should choose it?
Under lump sum payout, the entire life cover amount is paid to your nominee in
one go. This is the most preferred option for our online buyers and is
especially helpful if you have a large outstanding loan to be paid off like a
home loan.
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What is monthly income plan and who should choose it?
Under the monthly income plan, 10% of the benefit amount is payable to your
nominee every year for 10 years. This is paid in equal monthly instalments, in
advance, at the rate of 0.83333% of the total benefit amount. This is the most
economical payout option. You can choose this option if you want your family to
receive a regular monthly income.
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What is increasing monthly income plan and who should choose it?
Under the increasing monthly income plan, the benefit amount is payable in
monthly instalments for 10 years starting with 10% of the benefit amount per
annum in the first year. The income amount will increase by 10% per annum simple
interest every year thereafter. This payout option gives 45% more life cover.
For example, if your life cover is ₹1 Ccrore, then your family will receive ₹10
lakh in the first year, ₹11 lakh in the second year, ₹12 lakh in the third year
and so on for 10 years. This way, at the end of the 10th year, the total life
cover received will be ₹1.45 crore. This option is useful if you would like to
account for inflation and the rising cost of living.
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What is lump sum plus income option and who should choose it?
Under the new lump sum plus income option, you have the flexibility to split the
life cover amount that you want your nominee to receive as lump sum and the
remaining life cover will be paid in equal monthly payments for 10 years. For
example, if your life cover is ₹1 crore, you can choose to give ₹50 lakh as lump
sum and the remaining ₹50 lakh will be paid out in equal monthly instalments of
₹41,667 per month, at the rate of 0.83333% per month over 10 years. This option
will help your family pay off a small loan while also have a regular income.
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Can the nominee be changed after I have purchased the policy?
Yes, you can change the nominee at any time during the policy term by informing
the company. You can also add multiple nominees. In case you want to change the
nominee prior to the issuance of your policy you can write us at
buyonline@iciciprulife.com or get in touch with your Relationship Manager on
1860 267 9997. In case you change your mind about your nominee post the issuance
of your policy, you can write to us here
https://www.iciciprulife.com/services/write-to-us-csr.html or on our Email ID
lifeline@iciciprulife.com. If you want to speak to someone you can call on our
service hotline toll free number 18602667766.
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What all details of the nominee are required to purchase this plan online?
The details needed of the nominee are their full name, gender, date of birth and
relationship with life assured. Your nominee can be your spouse, children,
parents, siblings or their spouses, uncles, aunts, nieces, nephews, or even your
grandparents or grandchildren.
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What all information should my nominee know?
Make sure you tell your nominee about their nomination in this plan and share
all the details of the plan with them including the cover amount, policy term
and payout method chosen by you. You should also tell them if you have opted for
any riders. Your nominee should know where the policy kit is. They should
understand the claims process properly and know what all documents are needed to
make a claim.
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What will happen if my nominee passes away before me?
If your nominee passes away before you, you will have to appoint some other
person as your nominee. If the nominee and policy holder pass away together,
then the claim payout will be made to the next legal heir.
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Can I add more than one nominee? How can I allocate % share to each nominee?
Yes, you can add multiple nominees. There is no specific number. You can add as
many nominees as you want to. You can do so at the time of purchase or post
issuance of your policy, anytime during the policy term. The Insurance Act
provides that where there are more nominees than one, the policy money will be
payable to them jointly or survivor(s) of them. In case you want to add
nominee/s prior to the issuance of your policy you can write us at
buyonline@iciciprulife.com or get in touch with your Relationship Manager on
1860 267 9997. In case you change your mind about your nominee/s post the
issuance of your policy: you can write to us here
https://www.iciciprulife.com/services/write-to-us-csr.html or on our Email ID
lifeline@iciciprulife.com. If you want to speak to someone you can call on our
service hotline toll free number 18602667766
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What is the process of policy issuance?
Once your application is filled, premium is paid, all KYC documents are
submitted and medical check is done (if required), the policy will be issued.
You can use the application tracker on our website to check the status of your
policy.
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What is the process of medical check-up?
You will be informed if you need to get a medical check-up done based on the
health details submitted by you. You can fix an appointment for the check-up on
our website. The cost of the medical tests is borne by the company.
Home/Office visit: If you have selected this option, you can choose the date and
time of examination as per your convenience at your home or office. The tests
are completed in about 15-20 minutes. These tests comprise of:
* Blood Test
* Electrocardiogram (ECG)
* Any additional tests in case required by our team of expert underwriters
Medical center visit: You can choose the date, time & center of examination as
per your convenience. These tests are completed within an hour and comprise of:
* Blood Test
* Electrocardiogram (ECG)
* Tread mill test
* Chest X-ray
* Sonography
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How will I receive my policy documents?
After issuance, you will receive the policy documents on your registered email
ID and mobile number. The physical copy of policy certificate will be also sent
to your communication address.
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Am I allowed to change the sum assured once I have bought the policy?
Yes. ICICI Prudential Life term plan comes with Life Stage benefit 12 wherein
you have the option to increase your cover at key milestones like after marriage
(50% increase) and first and second childbirth (25% increase in each case)
without any medicals. Additional premium will be calculated based on the
increased life cover and remaining policy term as per your age at the time of
each such increase.
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Am I allowed to change the policy term once I have bought the policy?
No, the policy term cannot be changed once the policy is issued.
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What happens to the policy if the premium is not paid before the due date?
A grace period for payment of premium of 15 days applies for monthly premium
payment mode and 30 days for other modes of premium payment. If the premium is
not paid within the grace period, the policy shall lapse and cover will cease.
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Can I return the policy if I am not satisfied with it?
ICICI Prudential Life online term plan comes with a 30 day free look up period.
If you are not satisfied with your policy, you can return it back to us within
30 days of purchase and get your money back.
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What will happen to my policy if I become NRI after purchasing this policy?
Once you buy the policy, you stay covered whether you are in India or abroad.
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Will I get any Bond Paper/ Policy Document and how will I receive it?
Yes. You will receive the digital welcome kit which we term as "e-Welcome kit"/
soft copy of policy document within 4-5 days of issuance and hard copy will be
delivered at your place of residence within 7 days. The welcome kit includes
your Policy Certificate, First Premium Receipt, Key Feature Document and Terms &
Conditions of the policy. A digital policy kit is as good as physical policy kit
& considered as valid document for placing any service related requests from
your end. To view the E-Welcome kit/Policy document, you should have Adobe
Reader version 6.0 or above (or a similar viewer) installed on your personal
computer or mobile device. The password for the E-Welcome Kit/Policy document is
a combination of the first four letters of your name and your date of birth in
DDMM format.
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Why is it important to share correct personal information while checking term
life insurance quotes?
Entering correct personal information like your gender, date of birth and your
tobacco consumption habits will help in calculating the right premium for you
and also recommend you an adequate sum assured or life cover` amount based on
your income range.
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What is the application process to buy this plan?
The online application process to buy this plan is very simple and can be
completed in a few minutes. You just need to keep your PAN card, an address
proof (Aadhar card/Passport/Driving License/Voter's ID) and a recent photograph
ready and can complete the process anytime anywhere. Once you are done
customising your quote using the term insurance premium calculator, you can
proceed to the application form. The application form consists of three
sections.
1. Personal Information: Here, you need to enter your full name, marital
status, highest education level, occupation, PAN number, and your
communication address. In case you are salaried, you will be required to
give details of the organization you work for & the name and type of
organization. In addition to this, you will also be asked to enter details
of your nominee & their full name, gender, date of birth and relationship
with life assured. You will be required to declare any other life insurance
policies you might have.
2. Health Details: Here, you need to enter your height, weight and details of
pre-existing health conditions, if any. Fill in this page very carefully and
to the best of your knowledge to prevent rejection of claim due to incorrect
information later.
3. Documents Upload: You can choose to upload documents now for faster issuance
or proceed to payment directly and upload the documents later. Documents
needed are your photograph, PAN card, Address Proof (Aadhar
card/Passport/Driving License/Voter's ID) and Income Proof (last 3 months'
salary slips/ last 3 years' ITR/ last 6 months' bank statement/ Form 16).
Accept the declaration that all the information submitted by you is correct
and move to the payments page.
Once you fill the form, you can then choose a payment mode as per your
convenience. The various payment methods available include credit card, debit
card, net banking, UPI, Google Pay, Amazon Pay and other popular payment
wallets.
In case you are required to undergo a medical examination based on the health
details submitted by you, you will be asked to enter your pin code. Basis the
pin code and type of tests required, you will be entitled to either a home visit
medical test or one at a nearby medical center. You can choose the date and time
of examination as per your convenience.
You can track the status of your application using our Application Tracker.
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Can I fill this application form on my mobile phone?
Yes you can. Our application form is mobile friendly and can be filled anytime
anywhere in just a few minutes!
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What documents are required for buying a policy online?
You are required to upload a clear copy of the following KYC documents in jpeg
or pdf form:
* i. One recent photograph
* ii. PAN card (mandatory)
* iii. Income proof (last 3 months' salary slip/ last 3 years' ITR/ Form-16/
last 6 months' bank statement)
* iv. Official ID proof (passport/driving license/voter's ID/Aadhar card)
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What all income can I club in the income field in the application form?
If you are salaried then please share your annual salary as income. If you are
self-employed then please share the average annual income of last 3 years as per
the filed ITR.
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Which address has to be mentioned in the application form?
In case your communication address is different from your permanent address,
there are separate fields to mention both of them. Make sure you are available
at your communication address as this is where your policy documents will be
sent after issuance.
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How can I check the status of my application?
You can check the status of your application by going to the Application
Tracker.
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How can I cancel my application?
You can cancel the policy application by submitting a request at our call center
number 1860 267 9997
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How much tax can I save with a term plan?
You can save tax up to ₹54,600^ with a term plan. Premium paid and benefits
received are eligible for tax benefits under section 80C, 80D and 10(10D).
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How will I get instant tax certificate?
You can download the tax certificate/premium paid certificate from the website
as soon as you make the payment.
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What is the Married Women's Property (MWP) Act and who is it useful for?
The Married Women's Property (MWP) Act is useful for self-employed people. As a
business-owner, you deal with various vendors, lenders and creditors on an
everyday basis. In your absence, your term insurance proceeds may be taken by
people who you owe money, or even your relatives. Availing a term insurance plan
under the Married Women's Property Act 1874 (MWP Act) helps in protecting your
family's financial interests in your absence. Once a policy is availed under the
MWP Act, it may not be attached by courts for repayment of your debts. Only your
wife and children will be entitled to the Sum Assured in the event of your
demise.
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Does ICICI Pru iProtect Smart provide the option to buy the plan under Married
Women's Property (MWP) Act?
Yes, if you are self-employed, you can buy ICICI Pru iProtect Smart under MWP
act and your wife and children can be beneficiaries under this act.
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Who all can be added as a beneficiaries under the MWP Act?
You can nominate your wife and/or children as beneficiaries under MWP act.
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Are there any special advantages available for women?
Our term insurance plan is available at special rates for women, with up to 18%
lower premiums! Our term insurance premium calculator will help you in
customising your plan as per your needs. The optional Critical Illness benefit##
also covers women related cancers, breast cancer and cervical cancer.
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Can this policy be purchased by housewives?
Yes, this policy can be purchased for housewives for a life cover amount up to
₹50 lakh. Those who work for you round the clock also deserve a term insurance
protection. However, please note that the husband also needs to opt for a life
cover amount of at least of ?50 lakh.
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Can this policy be purchased by pregnant women?
While pregnant women can purchase a term plan, the final decision of whether to
issue a policy or not will depend on the underwriting guidelines.
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Can I purchase term insurance if I'm a smoker?
Yes, you can purchase term insurance if you are a smoker.
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I smoke occasionally, do I need to declare myself as a smoker?
If you have consumed tobacco in any form in the last 12 months, you need to
declare yourself as a smoker.
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I earlier used to smoke cigarettes but now I have quit smoking. Do I need to
declare myself as a smoker?
If you have consumed tobacco in any form in the last 12 months, you need to
declare yourself as a smoker.
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What will happen if I start consuming alcohol or tobacco after policy issuance?
Your policy will not be affected if you start consuming alcohol or tobacco after
policy issuance.
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Is there any difference between premium rates of smoker and non-smoker buyers?
Yes, as a smoker you present a greater risk of death than a non-smoker. Hence,
premium rates for smokers are higher than that of non-smokers..
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Does the premium calculation have any impact on smokers?
Yes, the premium is generally higher for those who smoke. This is particularly
so because smokers are at a higher risk of suffering from an illness. As a
result, insurance companies charge a higher premium to cover the associated
risk.
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Will COVID-19 claims8 be covered under this policy?
Yes, all death claims arising due to corona virus COVID 19 will be covered and
processed as per the terms and conditions of the policy.
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What is Claim Settlement Ratio and why is it important?
The Claim Settlement Ratio tells you how many claims for life insurance have
been paid out as a proportion of the total number of claims made. The higher the
ratio is, the better. A higher ratio means there is a greater chance of your
claim being settled. ICICI Prudential Life has a high claim settlement ratio of
97.8 ~. Along with having a high claims ratio, ICICI Prudential Life has also
paid ₹195.28 bn$ in claims, a high number in the industry.
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What is the claims process?
We have a 3-step claims process:
Step 1: Claim Reporting
You can report your claims online, at our branches, central office, via SMS,
e-mail or through our call center as per your convenience. However, claims
reported online, through SMS or e-mail will not be considered as intimation.
Physical documents will be required to be sent to the nearest branch to start
the process. The documents needed are:
* - Claimant Statement Form (Death claims / Health claims )
* - Death Certificate (for Death Claims)
* - Medical/Hospitalization Documents
* - Claimant's current address proof, photo identity proof and cancelled cheque
/ Copy of bank passbook (for Death Claims)
Step 2: Claim Processing
Our dedicated ClaimCare team will assess your claim and inform you in case any
more documents need to be submitted. Post receiving all the necessary documents,
we will process your claim request
Step 3: Claim Settlement
Once your claim is intimated and we receive all the relevant documents, we will
settle your claim
For more detailed information on Claims, visit
https://www.iciciprulife.com/insurance-claim.html
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How long does it take for claims to be settled?
We understand that claim settlement is one of the most important factors for you
to make the right decision to secure you and your family and that is exactly why
we have made the process quicker and simpler wherein we are settling claims in 1
day>.
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Can a claim be rejected?
It is possible for a claim to be rejected if 'non-disclosure' or 'misstatement'
of facts is discovered during an investigation. When a fact that affects the
policy issuance decision is not disclosed in the proposal, it is termed as
'non-disclosure'. Similarly, withholding information or providing incorrect
information while answering questions in the proposal form^^ is termed as,
'misstatement'.
For example, when an applicant is suffering from kidney related ailment and does
not inform the insurer about the same in the proposal form, it is termed as
non-disclosure. Similarly, when an applicant overstates his or her income, then
it is called a misstatement
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Will the claim be settled if I die within one year of policy purchase?
Only claims resulting from suicide are not payable within the first year of
policy. All other claims are payable.
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Will this policy honour my claim if I die outside country?
Yes, the policy covers deaths all over the world.
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DISCLAIMER
1The premium of ₹372 p.m. has been calculated for a 19 year old healthy male for
a life cover of ₹50 lakh for the Life Option under the regular income payout
option for a policy term of 25 years is ₹4345 p.a.(inclusive of all taxes)
3A Life Assured shall be regarded as Terminally Ill only if that Life Assured is
diagnosed as suffering from a condition which, in the opinion of two independent
medical practitioner’s specializing in treatment of such illness, is highly
likely to lead to death within 6 months. The terminal illness must be diagnosed
and confirmed by medical practitioner’s registered with the Indian Medical
Association and approved by the Company. The Company reserves the right for
independent assessment.
5In case of permanent disability due to an accident, all future premiums are
waived off and the life cover continues for the remaining policy duration. This
benefit comes in-built in your term insurance policy without any extra cost to
you. To know more about definitions, terms & conditions applicable for permanent
disability due to accident, kindly refer sales brochure of ICICI Pru iProtect
Smart.
6Policy issuance is also subject to individual case eligibility criteria.
7Savings in yearly mode of premium payment are in the form of Modal Loadings.
For monthly and Half-yearly mode of premium payment, modal loadings are 2.5% and
1.25% respectively.
$cThe monthly premium of ₹893 (less than ₹899) is for a 23 year old healthy
non-smoker male, paying premiums regularly for 42 years for a life cover of ₹1
crore and death benefit payout option as monthly income. The premiums are
inclusive of taxes.
$dThe monthly premium of ₹683 is for a 18 year old healthy non-smoker male,
paying premiums regularly for 19 years for a life cover of ₹1.5 crore and death
benefit payout option as monthly income. The premiums are inclusive of taxes.
$eThe monthly premium of ₹619 is for a 18 year old healthy non-smoker male,
paying premiums regularly for 19 years for a life cover of ₹1.25 crore and death
benefit payout option as monthly income. The premiums are inclusive of taxes.
$fThe monthly premium of ₹776 is for a 18 year old healthy non-smoker male,
paying premiums regularly for 19 years for a life cover of ₹2 crore and death
benefit payout option as monthly income. The premiums are inclusive of taxes.
$gThe monthly premium of ₹893 (less than ₹899) is for a 23 year old healthy
non-smoker male, paying premiums regularly for 42 years for a life cover of ₹1
crore and death benefit payout option as monthly income. The premiums are
inclusive of taxes.
$hThe premium for a 19 year old non-smoker healthy male with a life cover of
₹1.5 crore under the Life Option with regular income payout option for a policy
term of 35 years under Regular Pay is ₹655 pm (exclusive of all taxes. Goods and
Services tax and/or applicable cesses (if any) as per applicable rates will be
charged extra.
$bThe premium of ₹650/month has been calculated for a 18 year old female for a
life cover of ₹1 Cr and Critical illness cover of ₹10 Lakhs for a policy term of
18 years for ICICI Pru iProtect Smart – Life & Health option for a regular
income payout option and is inclusive of all taxes.
8Our Life insurance policies cover COVID-19 claims under life insurance claims,
subject to applicable terms and conditions of policy contract and extant
regulatory framework. COVID-19 is not included in Critical Illness benefit
covered under IProtect Smart.
9Accidental Death benefit (ADB) is up to ₹2 crores(Subjected to underwriting
guidelines). ADB is available in Life Plus and All in One options. In case of
death due to an accident Accidental Death Benefit will be paid out in addition
to Death Benefit. Accidental Death Benefit will be equal to the policy term or
(80-Age at entry), whichever is lower.
11The premium for a 26 year old non-smoker healthy male with a life cover of ₹2
crore under the Life Option with lump-sum payout option for a policy term of 19
years under Regular Pay is ₹880 pm (exclusive of all taxes. Goods and Services
tax and/or applicable cesses (if any) as per applicable rates will be charged
extra.
12Additional premium will be calculated based on the increased Sum Assured and
outstanding policy term as per your age at the time of each such increase.
13The premium of ₹407 p.m. has been approximately calculated for an 25-year-old
healthy male life with the monthly mode of payment and premiums paid regularly
for the policy term of 32 years with income payout option with Life Cover of ₹51
lakh. . Goods and Services tax and/or applicable cesses (if any) as per
applicable rates will be charged extra.
`Life cover is the benefit payable on the death of the Life Assured during the
policy term.
14The premium savings of Rs 7,38,720 has been calculated by taking a difference
in the total premiums to be paid by a 35 year old healthy male life if he
chooses 5 years Limited Pay option versus if he chooses regular pay option, for
a policy term of 50 years with income payout option with Life Cover of Rs 1
crore in both the scenarios. The monthly premium for 5 years for limited Pay
option will be Rs 8,809. The monthly premium for regular Pay option will be Rs
2,112.The premium amounts are inclusive of taxes.
15Documents may be required based on assessment of case.
18Data regarding AUM is as per Annual Report 2021-2022. Please refer to the same
for further details
20 To read the full article, click Source:
https://www.thehindubusinessline.com/money-and-banking/term-insurance-premium-set-to-rise-as-reinsurers-tighten-norms-due-to-pandemic/article36790831.ece
2a The premium of ₹540 p.m. has been approximately calculated for a 18 year old
healthy male life with monthly mode of payment and premiums paid regularly for
the policy term of 36 years with income payout option with Life Cover of ₹1
crore. Goods and Services tax and/or applicable cesses (if any) as per
applicable rates will be charged extra.
4a The premium of ₹632 p.m. has been approximately calculated for a 18 year old
healthy male for a life cover of ₹1 crore and an accelerated critical illness
cover of ₹10 lakh under the Life & Health Option for a regular income payout
option for a policy term of 31 years is ₹7,396 p.a. (exclusive of all taxes).
Goods and Services tax and/or applicable cesses (if any) as per applicable rates
will be charged extra.
5aThe above monthly premium of ₹479 is for a 25 year old healthy, non-smoker
male paying premiums regularly for a policy term of 23 years and life cover of
₹50 lakhs with death benefit payout option as lump sum. The above premium is
online and inclusive of taxes.
8a The monthly premium of ₹309 is for a 18 year old healthy non-smoker male,
paying premiums regularly for 20 years for a life cover of ₹50 Lakh and death
benefit payout option as income. The premiums are exclusive of taxes.
9aThe above monthly premium is for a 18 year old healthy non-smoker male, paying
premiums regularly for 19 years for a life cover of ₹1 crore and death benefit
payout option as income. The premiums are exclusive of taxes
4zThe monthly premium of ₹364 is for a 18 year old healthy non-smoker male,
paying premiums regularly for 20 years for a life cover of ₹50 Lakh and death
benefit payout option as lump sum. The premiums are exclusive of taxes.
εData regarding volume of claims is as per IRDAI Annual Report 2021-2022. To
read the full article, click Source: Status of Individual Death Claims of Life
Insurers https://irdai.gov.in/document-detail?documentId=1632108
††The percentage has been calculated by comparing the premium for a 34 year old
healthy male and 34 year old healthy female, for a life cover of ₹ 1 crore & an
accelerated critical illness benefit of ₹ 10 lakh for a policy term of 26 years
for a lumpsum payout option for a regular premium pay mode. The premium
(inclusive of taxes) for this case for the male is ₹ 20946 per annum and for a
female is ₹ 17096 per annum
K1You can choose to increase the Death Benefit at the key milestones of marriage
and child birth/ adoption of child, provided no claim has been admitted for any
benefits under the policy and the policy is in force.
On exercising the option, You will have to pay an additional premium for the
additional Sum Assured for the outstanding term of the policy based on your then
age. This feature is available only with Regular premium payment option. Such
increase in sum assured is only applicable to base death benefit. The ACI
Benefit and AD Benefit will remain unchanged.
°aThe above monthly premium of ₹910 is for a 24-year-old healthy, non-smoker
male paying premiums regularly for a policy term of 41 years and life cover of
₹1 Crore with death benefit payout option as regular income. The above premium
is online and inclusive of taxes.
Event Additional Death Benefit (percentage of original Sum Assured) Subject to
maximum additional Death Benefit Marriage 50% ₹ 50,00,000 Birth / Legal adoption
of 1st child 25% ₹ 25,00,000 Birth / Legal adoption of 2nd child 25% ₹ 25,00,000
=The premium for a 26 year old non-smoker healthy male with a life cover of ₹2
crore under the Life Option with lump-sum payout option for a policy term of 19
years under Regular Pay is ₹880 pm (exclusive of all taxes. Goods and Services
tax and/or applicable cesses (if any) as per applicable rates will be charged
extra.
# Subject to realization of payment and documents. Policy can be purchased in 3
steps: 1. Generating premium quote 2. Filling basic details and answering health
related questions 3. Premium payment.
^Tax benefit of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at
highest tax slab rate of 31.2% (including Cess excluding surcharge) on life
insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000.
Tax benefits under the policy are subject to conditions under Section 80C, 80D,
10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and
Services Tax and Cesses, if any, will be charged extra as per prevailing rates.
Tax laws are subject to amendments made thereto from time to time. Please
consult your tax advisor for more details.
~Claim statistics are for Financial Year FY2021-22 and is computed on individual
basis claims settled over total individual claims for the financial year. For
details, refer to Source:
https://www.iciciprulife.com/content/dam/icicipru/about-us/FinancialInformation/AnnualReports/FY2022-AnnualReport.pdf
>>ClaimForSure: 1 Day Death Claim Settlement is available for the following:
a) All due premiums in the policy have been paid and the policy has been active
for 3 consecutive years preceding life assured’s death
b) Mandatory documents to be submitted at Branch Office- Claimant statement
form, Original policy certificate, Copy of death certificate issued by local
authority, AML KYC documents- Nominee’s recent photograph ,Copy of Nominee’s pan
card, Nominee’s current address proof, photo identity proof, Cancelled cheque/
Copy of bank passbook, Copy of medico legal cause of death, Medical records
(Admission notes, Discharge / Death summary, Test reports, etc.), For accidental
death - Copy of FIR, Panchnama, Inquest report, Postmortem report, Driving
license
c) Total claim amount of all the life policies held by the Life Assured <=₹ 1.5
Crore
d) Claim does not require any on-ground investigation
1 Day is a working day, counted from date of receipt of all relevant documents
from the claimant, additional information sought by the Company and any
clarification received from the claimant. The Company will be calling the
claimants for verification of information submitted by the Claimant which will
also be considered as part of relevant documents. Working day will be counted as
Monday to Friday and excluding National holidays/Bank holidays/Public holidays.
Interest shall be at the bank rate that is prevalent at the beginning of the
financial year in which death claim has been received. In case of breach in
regulatory turnaround time, interest will be paid as per IRDAI regulations.
Under ULIP policies, if claim is submitted prior to 3 pm then the claim will be
considered under Claim For Sure on the same day. If claim is submitted post 3pm
or if the policy is inactive at the time of claim notification then the claim
will be considered under Claim For Sure the next day as per availability of NAV
* a) All due premiums in the policy have been paid and the policy has been
active for 3 consecutive years preceding life assured’s death
* b) Mandatory documents to be submitted at Branch Office- Claimant statement
form, Original policy certificate, Copy of death certificate issued by local
authority, AML KYC documents- Nominee’s recent photograph ,Copy of Nominee’s
pan card, Nominee’s current address proof, photo identity proof, Cancelled
cheque/ Copy of bank passbook, Copy of medico legal cause of death, Medical
records (Admission notes, Discharge / Death summary, Test reports, etc.), For
accidental death - Copy of FIR, Panchnama, Inquest report, Postmortem report,
Driving license
* c) Total claim amount of all the life policies held by the Life Assured <=₹
1.5 Crore
* d) Claim does not require any on-ground investigation
1 Dayis a working day, counted from date of receipt of all relevant documents
from the claimant, additional information sought by the Company and any
clarification received from the claimant. The Company will be calling the
claimants for verification of information submitted by the Claimant which will
also be considered as part of relevant documents. Working day will be counted as
Monday to Friday and excluding National holidays/Bank holidays/Public holidays.
Interest shall be at the bank rate that is prevalent at the beginning of the
financial year in which death claim has been received. In case of breach in
regulatory turnaround time, interest will be paid as per IRDAI regulations.
Under ULIP policies, if claim is submitted prior to 3 pm then the claim will be
considered under Claim For Sure on the same day. If claim is submitted post 3pm
or if the policy is inactive at the time of claim notification then the claim
will be considered under Claim For Sure the next day as per availability of NAV
`As per ICICI Prudential Annual Report 2022-23: Financial Statements (Schedule
4- Benefits paid (Gross))of the company, benefits paid since inception up to
March 31, 2023.
¶Calculation of 85 years is based on the existing life years , that is, 85 years
of age minus your current age. There are also other option for payment that is 7
pay, 10 pay, RP, 60 year-Age and PT – 5 year . For more details please refer
product brochure.
°The policyholder will have an option to cancel the Policy and receive Smart
Exit Benefit, equal to Total Premiums Paid under the Policy. The following
conditions are applicable for availing Smart Exit benefit:
* ● This option can be exercised in any policy year greater than 25 but not
during the last 5 policy years, provided the age of the life assured is 60
years or more at the time of exercise.
* ● The Policy is in-force with all due premiums paid at the time of exercising
this option.
* ● No claim for any of the underlying benefits has been registered and is
under evaluation/ or accepted/ or paid/ being paid on the Policy.
Where, Total Premiums Paid means the total of all premiums received, excluding
any extra premium, any rider premium and taxes. In case the benefit term for
additional benefit(s), for which additional premium has been paid, has expired
at the time of exercise of Smart Exit Benefit, then Total Premiums Paid shall
exclude the premium paid towards such additional benefit(s). Please refer to
sales brochure for more details.
S1Total Premiums Paid means the total of all premiums received, excluding any
extra premium, any rider premium and taxes. In case the benefit term for
additional benefit(s), for which additional premium has been paid, has expired
at the time of exercise of Smart Exit Benefit, then Total Premiums Paid shall
exclude the premium paid towards such additional benefit(s).
‘5% discount on premium is applicable only for Regular and Limited pay policies.
In case of Single Pay, discount applicable is 2% of Single Premium.
+The premium per month has been calculated for a healthy non-smoker male for a
life cover of ₹1 crore and for a policy term of 30 years with regular pay
option, 'life' option and regular income payout option. Premium amount will
differ according to the age and benefit option chosen.
☩The premium of ₹868 p.m. has been approximately calculated for a 25 year old
healthy non-smoker male life with monthly mode of payment and premiums paid
regularly for the policy term of 37 years with income payout option with Life
Cover of ₹1 crore. Goods and Services tax and/or applicable cesses (if any) as
per applicable rates is included.
\Nothing here in contained shall operate to destroy or impede the right of any
creditor to be paid out of the proceeds of any policy of assurance, which may
have been effected with intent to defraud creditors. In case of any third party
claim in the Courts of India with regards the insurance proceeds, the amount
shall be subject to the judiciary directions. Please seek professional legal
advice for the applicability of this provision.
!!The annual offline premium for a 41 year old for a life cover for ₹1 cr with a
policy term of 30 years, regular pay with lump-sum payout mode is. ₹30,733. The
annual online premium for a 41 year old for a life cover for ₹1 cr with a policy
term of 30 years, regular pay with lump-sum payout mode is. ₹29,197. Both
premiums are inclusive of taxes. The difference in total premium paid over the
policy term in both the scenarios will be ₹46,080
&&ICICI Pru iProtect Smart offers four variants namely ‘Life’, ‘Life plus’,
‘Life and health’ and ‘All in One’ with difference benefits. “All in One” is one
of the four variants offered under iProtect Smart having all benefits offered
under other ICICI Pru iProtect Smart variants namely Life, Life plus and Life &
health. The customer can choose any one variant from the four available
variants. Please refer to the product brochure for more details.
₸ 31,869,345 lives covered across our individuals and group customers as per
ICICI Prudential Q4 FY20 Report (L25 I and L25 ii). Please refer to Public
Disclosure section on ICICI Prudential website for more details.
% 77.1 Mn lives covered across our individuals and group customers as per ICICI
Prudential Annual Report 2022-23. Please refer to Public Disclosure section on
ICICI Prudential website for more details.
$$As per Internal Data of policies sold for Product: ICICI Pru iProtect Smart
from Apr’21-Mar’22 in the BOL Channel.
==For IPS POS there is waiting period of 60 days for death benefit.
++The premium for a 19 year old non-smoker healthy male with a life cover of
₹1.5 crore under the Life Option with regular income payout option for a policy
term of 35 years under Regular Pay is ₹655 pm (exclusive of all taxes. Goods and
Services tax and/or applicable cesses (if any) as per applicable rates will be
charged extra.
+++Based on number of policies sold online between April 2021- March 2022, 35%
of our online customers purchase the optional critical illness benefit rider
with their policy.
##Accelerated Critical Illness benefit(ACI benefit) is upto 1 crore (Subjected
to underwriting guidelines).Accelerated Critical Illness Benefit (ACI Benefit)
is optional and available under Life & Health and All in One options. This
benefit is payable, on first occurrence of any of the 34 illnesses covered.
Medical documents confirming diagnosis of critical illness needs to be
submitted. The benefit is payable only on the fulfillment of the definition of
the diagnosed critical illness. The ACI Benefit, is accelerated and not an
additional benefit which means the policy will continue with the Death Benefit
reduced by the extent of the ACI Benefit paid. The future premiums payable under
the policy will reduce proportionately. If ACI Benefit paid is equal to the
Death Benefit, the policy will terminate on payment of the ACI Benefit. To know
more in about ACI Benefit, terms & conditions governing it, kindly refer to
sales brochure. ACI Benefit term would be equal to policy term or 30 years or
(75-Age at entry), whichever is lower.
**The percentage saving computed is purely in terms of premium paid over the
term (Difference between 5 years Limited and Regular pay) of the policy and does
not account for time & other factors that may happen during this period. It is
one of the many features that the product offers and you can opt for it based on
your individual needs. The percentage saving is for ₹1 crore life cover for a 26
year old healthy Male for a policy term of 58 years with lump sum payout option.
The annual premium for 5 years Limited Pay option will be ₹85,762 & the monthly
premium will be ₹7,324. The premium amounts are inclusive of taxes.
/Tax benefit of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at
highest tax slab rate of 31.2% (including Cess excluding surcharge) on life
insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000.
Tax benefits under the policy are subject to conditions under Section 80C, 80D,
10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and
Services Tax and Cesses, if any, will be charged extra as per prevailing rates.
Tax laws are subject to amendments made thereto from time to time. Please
consult your tax advisor for more details.
[?The premium of ₹1190 p.m. has been approximately calculated for a 35 year old
healthy male life with monthly mode of payment and premiums paid regularly for
the policy term of 25 years with income payout option with Life Cover of ₹1
crore. Goods and Services tax and/or applicable cesses (if any) as per
applicable rates is included.
?/The above calculations are made for 25,35 & 45 year old healthy male who has
opted for Regular Pay premium payment option with a policy term till 60 years of
age under Life option with a life cover of ₹ 1 crore with Income payout option.
The above premiums are calculated for a month & are inclusive of taxes.
?}The above calculations are for a 35 year old healthy male who has opted for
Regular Pay premium payment option with a policy term of 25 years under Life
option with a life cover of ₹ 1 crore with Income payout option. The above
premiums are calculated for a month & are inclusive of taxes.
~~The above calculations are made for 30 & 40 year old healthy male who has
opted for Regular Pay Premium payment option with a policy term of 30 years
under the Life Option for ICICI Pru iProtect Smart with a life cover of ₹1 crore
with Income payout option. The above premiums are calculated for a month & are
inclusive of taxes.
!aLife Cover is the benefit payable on death of the life assured during the
policy term.
¶¶Calculation of 85 years is based on the existing life years, that is, 85 years
of age minus your current age. There are also other options for payment that is
Single pay, 5 pay, 7 pay, RP, 60 Year-Age and PT – 5 years. For more details,
please refer product brochure.
1bThe monthly premium of ₹485 is for a 18 year old healthy non-smoker male,
paying premiums regularly for 19 years for a life cover of ₹1 crore and death
benefit payout option as income. The premiums is exclusive of taxes.
~‘Increasing income’ is one of the four death benefit payout options available
under ICICI Pru iProtect Smart. Under this option, the benefit amount is payable
in monthly instalments for 10 years starting with 10% of the benefit amount per
annum in the first year. The income amount will increase by 10% per annum simple
interest every year thereafter. At any time, your beneficiary will have the
option to convert all or some of his monthly income into a lump sum. The lump
sum amount will be the present value calculated at a discount rate of 4% p.a.
The premium for your policy will vary based on the Death Benefit payout option
chosen.
[~The above premium is for a 25 year old, Non-smoker, healthy male who has taken
a life cover of ₹1 Cr and Accidental Death Benefit of ₹10 L and is paying
premiums regularly for a policy term of 15 years with death benefit payout
option as income. The premium is for an online policy and inclusive of taxes.
^%The above premium is for a 35 year old, healthy non smoker male who has taken
a life cover of Rs. 1 Cr and is paying premium of Rs. 982/month regularly for a
policy term of 19 years with death benefit payout option as income. The premium
is for an online policy and inclusive of taxes.
!The premium of ₹ 1,023 p.m. has been calculated for a 18 year old healthy male
life with monthly mode of payment and premiums paid regularly for the policy
term of 18 years with income payout option with Life Cover of ₹ 1 crore,
critical illness cover of 20 lakh and accidental death benefit cover of 50 lakh.
The premium amounts are inclusive of taxes.
//As per Internal Data of policies sold for Product: ICICI Pru iProtect Smart
from Apr’21-Dec’21 in the BOL Channel
///As per Internal Data of policies sold for Product: ICICI Pru iProtect Smart
from July’21-Dec’21 in the BOL Channel
^^As per internal data of users who have visited iciciprulife.com in the month
of November, 2019 and checked their premium for term insurance product,iProtect
Smart.
++ 99.7% of our life claims are settled in 1 day is with respect to the claims
that are eligible for Claim For Sure from the period July 29, 2019 – July 31,
2020.
`"The premium of ₹484 per month has been calculated for a 18 year old female for
a life cover of ₹1 Cr and for a policy term of 19 years for ICICI Pru iProtect
Smart - Life Option for a regular income payout option and is exclusive of all
taxes. The annual premium for this is ₹5670 (exclusive of taxes)
^*The premium for a 30 year old non-smoker healthy male with a life cover of ₹3
crore under the ICICI Pru iProtect Smart – Life Option with income payout option
for a policy term of 30 years under Regular Pay is ₹1970 pm (inclusive of all
taxes).
)(The above premium for Accidental Death Benefit is for a 20 year old non-smoker
healthy male who has taken a life cover of ₹2 crore and an Accidental Death
Benefit cover of ₹50 lakh under the Life Plus benefit option of iProtect Smart,
paying premiums regularly for a policy term of 19 years with death benefit
payout option as income. The total policy premium (Life cover + Accidental Death
Benefit cover) for the same scenario will be ₹1,087 pm (online premium and
inclusive of all taxes).
>>The premium for a term plan is dependent on factors like age, gender, Sum
Assured. Policy Term etc. Keeping all other factors constant, the premium for
younger ages is lower than that of higher ages.
*^Source: Company BuyOnline Data-Apr 2021 till date
☩☩Under the increasing monthly income plan, the benefit amount is payable in
monthly instalments for 10 years starting with 10% of the benefit amount per
annum in the first year. The income amount will increase by 10% per annum simple
interest every year thereafter. This payout option gives 45% more life cover.
For example, if your life cover is ₹1 Crore, then your family will receive ₹10
lakh in the first year, ₹11 lakh in the second year, ₹12 lakh in the third year
and so on for 10 years. This way, at the end of the 10th year, the total life
cover received will be ₹1.45 crore. This option is useful if you would like to
account for inflation and the rising cost of living.
((The premium for a 20 year old non-smoker healthy male with a life cover of ₹2
crore under the Life Option with income payout option for a policy term of 19
years under Regular Pay is ₹800 pm (inclusive of all taxes).
[~The above premium is for a 25 year old, Non-smoker, healthy male who has taken
a life cover of ₹1 Cr and Accidental Death Benefit of ₹10 L and is paying
premiums regularly for a policy term of 15 years with death benefit payout
option as income. The premium is for an online policy and inclusive of taxes.
ICICI Pru iProtect Smart. UIN: 105N151V08
W/II/0431/2023-24
Comp code - COMP/DOC/Apr/2022/84/0030
Comp code (negative pincode) - COMP/DOC/Dec/2021/112/7011
Comp code (Did you know?) - COMP/DOC/Feb/2022/42/7340
Comp code (Did you know?) - COMP/DOC/Feb/2022/102/7387
Comp code (Medical Checkup) - COMP/DOC/Jun/2022/286/0671
Comp code - COMP/DOC/Sep/2022/59/1069
Comp code - COMP/DOC/Sep/2022/219/1161
Comp code - COMP/DOC/Aug/2023/18/3663
Comp code - COMP/DOC/Oct/2023/1310/4341
Comp code (Employee discount) - COMP/DOC/Feb/2022/282/7498
View compcodeshere
© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with
Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance
Company. Regn. No. 105. CIN: L66010MH2000PLC127837.
Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai
400025. Tel.: 40391600. Customer helpline number – 1860 266 7766. Timings –
10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member
of the Life Insurance Council. For more details on the risk factors, term and
conditions please read the product brochure carefully before concluding the
sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP
services Ltd and used by ICICI Prudential Life Insurance Company Ltd under
license.
BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing
bonus or investment of premiums. Public receiving such phone calls are requested
to lodge apolice complaint.
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All Benefits
SMART EXIT° OPTION
Receive your premiums back with Smart Exit Benefit°. This option can be
exercised in any policy year greater than 25 but not during the last 5 policy
years, provided the age of the life assured is 60 years or more at the time of
exercise. No additional premium is payable to avail this option.
1 DAY CLAIM SETTLEMENT>
We understand that claim settlement is one of the most important factors for you
to make the right decision to secure you and your family and that is exactly why
we have made the process quicker and simpler wherein we are settling claims in 1
day>.
ACCIDENTAL
DEATH COVER (OPTIONAL)9
Your nominee can get a higher payout in case of your unfortunate demise due to
an accident. Along with your term insurance cover you can attach additional
accidental death cover with the policy up to ₹2 crore.
OVER ₹2,900CR VOLUME OF CLAIMSΕ CLOSED
In Financial Year FY2021-22, ICICI Prudential Life Insurance has paid individual
death claims amounting to ₹2,977Cr
34 CRITICAL ILLNESSES
COVER## (OPTIONAL)
Our term insurance plan you gives you additional protection against 34 life
threatening illnesses such as Cancer, Heart Attack and Kidney Failure. Claim
paid out on first diagnosis, no hospital bills needed. Policy will continue with
the life cover reduced by the extent of the critical illness benefit paid. List
of 34 Critical Illness##
TAX BENEFITS^
You get Tax Benefits on premiums paid of up to ₹54,600 under section 80C , 80D
and 10(10D) of the Income Tax Act, 1961. The term insurance cover and rider
payouts are tax free.
TERMINAL ILLNESS
BENEFIT3
If the policyholder under the policy is diagnosed with a terminal illness, then
the full death benefit is paid out. This benefit comes in-built with the term
insurance policy at no extra cost.
PERMANENT DISABILITY
WAIVER5
In case of permanent disability due to an accident, all future premiums are
waived off and the life cover continues for the remaining policy duration. This
benefit comes in-built in your term insurance policy without any extra cost to
you.
AT YOUR DOORSTEP CLAIM ASSISTANCE
At request of the nominee, the ClaimsCare Team will pick-up the physical
documents from the place of residence. This facility is available for select
locations only. In order to avail this facility, kindly call on 18602667766 or
drop an E-mail at claimsupport@iciciprulife.com
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NEED HELP?
GIVE US A CALL
For buying a policy online (toll free)
1800 267 9777
Call centre hours 9:00 a.m. - 9:00 p.m on all days
To check status of policy bought online
1860 267 9997
Call charges apply. Timings- 10:00 a.m. to 7:00p.m.
Monday to Saturday (except national holidays)
Ok. Got It.
CORRECT INFORMATION
Right Information. Faster Processes
Please answer all questions correctly as they will be used to establish your
eligibility for ICICI Pru iProtect Smart. This will also help in avoiding any
delays in policy issuance and claim settlement.
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Dear Customer!
This plan is currently unavailable.
But you can explore our other plans..
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WE HAVE SOMETHING SPECIAL IN STORE FOR YOU!
Based on your profile we recommend you our latest term insurance plan
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Now you can avail
FASTER policy issuance
Just by entering your PAN
* •Priority issuance
* •Income document waiver
* •Dedicated relationship manager
Please enter all the above details
Submit
Continue with standard issuance
Are you sure?
By continuing, you will miss out on faster issuance of your policy!
Yes, continue No, stay here
Dear Customer
For your profile, we suggest you to go with the standard issuance
Proceed with standard issuance
BENEFITS OF ICICI PRU IPROTECT SMART PLAN
Smart Exit° Option
Receive your premiums back with Smart Exit Benefit°. This option can be
exercised in any policy year greater than 25 but not during the last 5 policy
years, provided the age of the life assured is 60 years or more at the time of
exercise. No additional premium is payable to avail this option.
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Limited premium payments
Choose to pay only for a limited number of years (5, 7 or 10)**
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1 Day Claim Settlement>
The claim settlement process has been made quicker and simpler, wherein we are
settling claims in 1 day>, provided that the policy has been active for 3
continuous years, all mandatory claim documents have been submitted at branch,
and total claim amount of all policies held by the Life Assured =< ₹1.5 Crore.
The claim should not require any on-ground investigation.
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Over ₹2,900Cr Volume Of Claimsε Closed
In Financial Year FY2021-22, ICICI Prudential Life Insurance has paid individual
death claims amounting to ₹2,977Crε.
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34 Critical Illnesses
Cover## (Optional)
Our term insurance plan you gives you additional protection against 34 life
threatening illnesses such as Cancer, Heart Attack and Kidney Failure. Claim
paid out on first diagnosis, no hospital bills needed. Policy will continue with
the life cover reduced by the extent of the critical illness benefit paid.List
of 34 Critical Illness##
1. Cancer of specified severity
2. Angioplasty
3. Myocardial Infarction (First Heart Attack - of specified severity)
4. Heart Valve Surgery (Open Heart Replacement or repair of Heart Valves)
5. Surgery to aorta Heart and Artery Benefit
6. Cardiomyopathy
7. Primary (Idiopathic) Pulmonary hypertension
8. Open Chest CABG
9. Blindness
10. End stage Lung Failure (Chronic Lung Disease)
11. End stage Liver Failure (Chronic Liver disease)
12. Kidney Failure Requiring Regular Dialysis
13. Major Organ/ Bone Marrow Transplant
14. Apallic Syndrome
15. Benign Brain Tumour
16. Brain Surgery
17. Coma of specified Severity
18. Major Head Trauma
19. Permanent Paralysis of Limbs
20. Stroke resulting in permanent symptoms
21. Alzheimer's Disease
22. Motor Neurone Disease with Permanent Symptoms
23. Multiple Sclerosis with Persisting Symptoms
24. Muscular Dystrophy
25. Parkinson's Disease
26. Poliomyelitis
27. Loss of Independent Existence
28. Loss of Limbs
29. Deafness
30. Loss of Speech
31. Medullary Cystic Disease
32. Systematic lupus Eryth with Renal Involvement
33. Third degree Burns (Major Burns)
34. Aplastic Anaemia
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Accidental
Death Cover (Optional)9
Your nominee can get a higher payout in case of your unfortunate demise due to
an accident. Along with your term insurance cover you can attach additional
accidental death cover with the policy up to ₹2 crore.
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Tax Benefits^
You get Tax Benefits on premiums paid of up to ₹54,600 under section 80C , 80D
and 10(10D) of the Income Tax Act, 1961. The term insurance cover and rider
payouts are tax free.
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Terminal Illness
Benefit3
If the policyholder under the policy is diagnosed with a terminal illness, then
the full death benefit is paid out. This benefit comes in-built with the term
insurance policy at no extra cost.
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Permanent Disability
Waiver5
In case of permanent disability due to an accident, all future premiums are
waived off and the life cover continues for the remaining policy duration. This
benefit comes in-built in your term insurance policy without any extra cost to
you
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At your Doorstep claim assistance
At request of the nominee, the ClaimsCare Team will pick-up the physical
documents from the place of residence. This facility is available for select
locations only. In order to avail this facility, kindly call on 18602667766 or
drop an E-mail at claimsupport@iciciprulife.com
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ICICI EMPLOYEE DISCOUNT
Get 10% discount
throughout the policy term
NT ID Enter valid NT ID
Password Enter valid password
Discount continues even if you discontinue service with ICICI Group
Apply Discount
Please wait while we are authenticating your information...
Employee discount applied
YOUR PREMIUM
₹ / month
After 10% employee discount
Proceed
Keep these documents ready!
LIST OF ACCEPTABLE DOCUMENTS
Photo
* Colored Photo
Address proof/ ID proof
* Passport
* Masked Aadhar
* Voters ID
* Driver's License
Age proof
* Passport
* Masked Aadhar
* Driver's License
* Birth Certificate
* Baptism Certificate or PAN card
PAN card
* PAN card/ Form 60
Income documents
* Last 6 months Bank statement with salary credit
* Form 16
* Last 3 years ITR with Computation of Income (COI)
* Last 3 months slary slip + Last 6 months bank statement showing salary credit
Download list of acceptable document
COMP/DOC/Mar/2022/103/7602
Our Medical Checkup Process is Completely Safe!
The health checkup is part of our onboarding process and is completely free. It
helps us in assessing your health conditions and also enables us to issue your
policy accordingly.
We understand your anxiety in these uncertain times, but we assure you that all
the safety protocols will be followed whether the checkup is conducted at your
home or a diagnostic center.
If due to any unforeseen and unfortunate circumstances, we are not able to offer
you this policy your premium amount will be refunded without any deductions.
Ok. Got it
STEP 1
Report Claim
You can report your claims online, at our branches, at our central office, on
our central ClaimCare helpline, through SMS or e-mail
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STEP 2
Process
Our special ClaimCare team will assess your claim, and inform you in case any
further documents need to be submitted
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STEP 3
Settle
Once your claim is intimated, and we receive all the relevant documents, we will
settle your claim
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Premium Break Up
Base Premium
₹2,099 / month
Critical Illness
₹2,099 / month
Accidental Death
₹2,099 / month
Proceed
Tobacco
Consumption
Choose 'Yes' if you have smoked or chewed tobacco in the last 36 months
Ok. Got It
QUICK GUIDE
What is a Term Plan?
Term Insurance plan is a simple and pure risk cover form of life insurance. It
provides financial protection to your family against a fixed premium paid for a
specified term. You can get a large amount of term insurance cover (sum assured)
at affordable premiums. The nominee receives the term insurance amount in case
of death of the policyholder
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QUICK GUIDE
When should I buy a term plan?
The earlier you buy a Term Plan, the better it is as the premiums are lower when
you are young. Also, with current lifestyles and increasing instances of
illnesses, it may become difficult to get a term plan later, as you grow older
Anil
30 years old
Non-smoker
Policy duration:
30 years
Premium:
₹885 p.m
Arun
40 years old
Non-smoker
Policy duration:
30 years
Premium:
₹1,784 p.m
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QUICK GUIDE
Who should buy a term plan?
Parents
If you have children or dependent adult family members and are responsible for
paying for their needs and upkeep then you must buy a term plan
Young individuals
The premium for term insurance increases with age. So it makes smart sense for
young professionals without financial liabilities to buy term plan early – this
way they get lower premium rates and the rates will not increase over time
Newly married couples
A term plan can help you create a financial safety net for your growing family
so that their dreams are never compromised, even when you are not around
Home loan repayment
In case of an unfortunate incident, the responsibility of paying the outstanding
loans should not fall on your loved ones. In case of your unfortunate demise,
the death benefit payout from the term plan can be used by your family to repay
your loans
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QUICK GUIDE
How much term insurance cover do I need?
The term insurance cover you need depends on your current annual income. We
recommend that a term insurance cover equivalent to 10-15 times your annual
income is sufficient to provide for a safe future for your family
If budget is a problem, you can go for a monthly premium payment option over a
yearly commitment. However, it is important to have a sufficient term insurance
cover so that your family’s financial security is not compromised. A term
insurance premium calculator will help you in choosing the term insurance cover
well suited to your budget
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QUICK GUIDE
What is limited pay option?
With the limited pay option, you can pay premiums for a specific pre-agreed
period of time (5, 7 or 10 years) and enjoy the term insurance cover for the
whole policy duration, irrespective of the premium payment period. You can save
up to 65%** over the entire policy duration with this option
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QUICK GUIDE
Which payout option should I choose?
Our Term Insurance Plan has four payout options:
1. Lump sum - The entire life cover is payable as a lump sum (single payment)
2. Regular income - 10% of the life cover is payable every year for 10 years.
This is paid in equal monthly installments
3. Increasing Income - The life cover is payable in monthly installments for 10
years starting with 10% of the life cover in the first year. The income
amount will increased by 10% per annum thereafter
4. Lump sum + Income - You have the flexibility to split the life cover amount
that you want your nominee into two parts – one part of the life cover as a
lump sum and the remaining life cover will be paid in equal monthly payments
for 10 years
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QUICK GUIDE
What are the benefits of a term insurance premium calculator?
1. Flexibility to customise - The term insurance calculator gives you the
flexibility to design your term plan as per your needs. You can pick and
choose your own life cover amount, choose to strengthen your coverage by
adding riders, choose the premium payment term and payout method as per your
financial plan.
2. Efficient - The term insurance premium calculator can generate a customised
quote for you within 2 minutes And all of this is free of charge
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QUICK GUIDE
What is Accidental Death benefit9 (optional)?
In case the policyholder dies due to an accident during the policy term, the
nominee/legal heir will be paid an extra amount. A maximum cover of ₹2 crore is
available with this benefit, which you can add during purchase or even after the
purchase
Anil
Age 30
Anil chooses a life cover of ₹1 crore with Accidental Death benefit cover of ₹50
lakh.
Anil
Age 45
Anil dies due to an accident and his nominee gets ₹1.5 crore
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QUICK GUIDE
What is Critical Illness benefit##(optional)?
Critical illness benefit pays claim amount on first diagnosis of any of the 34
critical illnesses. It means that just a photo copy of diagnosis report is
needed and no hospital bills are required to initiate the claim. For women,
there is an option to cover critical illnesses like breast cancer and cervical
cancer as well. Once the claim for critical illness is paid out, the life
insurance cover minus the critical illness cover stays in force with reduced
premium.
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QUICK GUIDE
What is Inbuilt Terminal illness benefit3?
If the policyholder is diagnosed with a terminal illness like AIDS, full sum
assured is paid out immediately. This is an in-built benefit and thus, comes at
no extra cost
Anil
Age 30
Anil buys ICICI Pru iProtect Smart with a life cover of ₹1 crore
Anil
Age 45
He is diagnosed with a terminal illness. His entire life cover amount is paid to
him.
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QUICK GUIDE
What is Inbuilt Permanent disability benefit5?
The policyholder does not need to pay future premiums in case of permanent
disability due to an accident. The life cover continues for the entire policy
term. This is an in-built benefit and thus, comes at no extra cost
Ajay
Age 32
Ajay buys ICICI Pru iProtect Smart with a life cover of ₹1 crore and a policy
term of 30 years.
Ajay
Age 45
Ajay meets with an accident and he was not able to move, climb or bend. The
company waived off all his future premiums and the life insurance cover stayed
in force for the entire policy term.
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QUICK GUIDE
What is a Term Insurance calculator?
A term insurance plan offers you a life cover in exchange for a premium. This
premium is directly proportional to the sum assured and tenure of your plan. A
high sum assured and long tenure may result in a high premium and interfere with
your budget. On the other hand, a low sum assured and short tenure may get you a
low premium but may not be adequate for your family’s future requirements.
Ascertaining the right premium, sum assured, and tenure can be confusing. But a
term plan calculator can help you.
A term insurance calculator is an online tool that lets you calculate term
insurance premium for your plan. You can use the term insurance calculator free
of charge and understand the estimated premium amount of your desired plan.
Using a term insurance calculator is simple and completely hassle-free. All you
need to do is add a few details like your name, age, annual income, etc., and
the calculator will calculate term insurance premium for you.
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QUICK GUIDE
How does a term insurance calculator work?
The term insurance calculator takes into account details like your age,
lifestyle habits like smoking or drinking, income, age, gender, policy term, sum
assured, riders, etc. and calculates an estimated premium amount for the chosen
plan. You can also choose premium payment options like monthly, half-yearly,
annual, etc., to get a clear picture of the premium amount for each option.
The term plan calculator gives you estimate based on the information you feed.
So, if you change any of the information, the calculator will show you a
different result.
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QUICK GUIDE
How is your term insurance premium calculated?
Various factors can determine your term plan premium, such as your age,
gender,income, lifestyle habits, occupation, policy term, sum assured amount,
additional riders, medical history, premium payment term, and the frequency of
premium payment. Starting point to know your premium would be through a term
insurance calculator
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QUICK GUIDE
Steps to use the term insurance premium calculator
You can follow these steps when using a term insurance calculator:
1. Enter your name, email address, and phone number
2. Enter your date of birth and gender
3. Enter your annual income
4. Mention lifestyle habits like smoking, consuming tobacco or alcohol (if any)
5. Enter policy related details like the life cover amount, policy tenure,
premium payment method, frequency of premium payment (monthly, half-yearly,
annual, etc.)
6. Choose riders like the terminal illness benefit, the critical illness
benefit, the permanent disability benefit, or the accidental death benefit.
Riders are optional, but you can add them if you want additional protection
The term plan calculator will provide you with an estimated premium amount
instantly. If you are not satisfied with the result, the term insurance premium
calculator allows you to tweak the information, like increase or decrease the
life cover amount, shorten or extend the policy tenure, add or remove riders,
etc.
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Annual
Income
Your life insurance cover limit will be calculated basis your income. You may be
asked to provide an income proof at the time of purchase.
Ok. Got It
Mobile
Number
Existing customers can enter the registered mobile number to avail a shorter
application form and waiver of documents (if applicable)
Ok. Got It
Regular
Pay
Premium payment is made for the entire policy term
Ok. Got It
Limited
Pay
Premium payment is made for a limited period (5 Years, 7 Years, 10 Years, etc.)
Ok. Got It
Your contact details
This helps us save your plan details, so that you can pick up from where you
left off. We respect your privacy and won't share them with anyone else.
Mobile Number Enter valid mobile number
Email ID Enter valid email id
By submitting my details, I override my NDNC registration and authorize ICICI
Prudential Life and its representatives to contact me through call,WhatsApp or
E-mail. I further consent to share my information on confidential basis with
third parties for evaluating and processing this proposal.
Receive quote on WhatsApp 8467 839 930
Proceed
Smart Exit Option
Availing this option provides you with the flexibility of exiting the policy
early in case your financial responsibilities are no longer there and get back
all the premiums paidS1 at no additional cost.
Ok
Accidental Death Cover9
The nominee will get a higher payout in case of death of the policyholder due to
an accident. Accidental Death benefit is of up to ₹2 crores.
Include Add On
34 Critical Illnesses Cover##
1. Cancer of specified severity
2. Angioplasty
3. Myocardial Infarction (First Heart Attack - of specified severity)
4. Heart Valve Surgery (Open Heart Replacement or repair of Heart Valves)
5. Surgery to aorta Heart and Artery Benefit
6. Cardiomyopathy
7. Primary (Idiopathic) Pulmonary hypertension
8. Open Chest CABG
9. Blindness
10. End stage Lung Failure (Chronic Lung Disease)
11. End stage Liver Failure (Chronic Liver disease)
12. Kidney Failure Requiring Regular Dialysis
13. Major Organ/ Bone Marrow Transplant
14. Apallic Syndrome
15. Benign Brain Tumour
16. Brain Surgery
17. Coma of specified Severity
18. Major Head Trauma
19. Permanent Paralysis of Limbs
20. Stroke resulting in permanent symptoms
21. Alzheimer's Disease
22. Motor Neurone Disease with Permanent Symptoms
23. Multiple Sclerosis with Persisting Symptoms
24. Muscular Dystrophy
25. Parkinson’s Disease
26. Poliomyelitis
27. Loss of Independent Existence
28. Loss of Limbs
29. Deafness
30. Loss of Speech
31. Medullary Cystic Disease
32. Systematic lupus Eryth with Renal Involvement
33. Third degree Burns (Major Burns)
34. Aplastic Anaemia
Consistent
claim settlement ratio
Over the years, we have successfully maintained a solid track record in claims
settlement. The Claims Settlement Ratio for all life insurance companies is
published in IRDAI's Annual Report. This ratio is based on the volume of claims
settled, and ours is one of the best in the industry. Check out our historical
claim settlement ratios below:
2020 - 2021
97.9 %
2019 - 2020
97.8 %
2018 - 2019
98.58 %
2017 - 2018
97.88 %
2016 - 2017
96.68 %
Ok. Got It
Term Insurance for NRIs
Life insurance is essential for all people. Whether you live in India or abroad,
securing your loved ones in your absence is a must. Term insurance for NRIs
(Non-Resident Indians) is particularly important as living life in a foreign
country can be hard for your family members if you are no longer around to
provide for them. In your absence, your family can use the money to relocate to
India, cover their needs abroad, find opportunities to live their life
comfortably, and do a lot more.
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What are the benefits of term insurance?
Tax benefits^ on the premiums paid under Section 80C and on premiums paid
towards other optional riders (based on the riders opted). The insurance payout
is exempt subject to conditions prescribed under Section 10(10D) of the Income
Tax Act, 1961.
Term insurance plans offer a sum assured in case something unfortunate happens
to the policyholder.
Term insurance serves as an affordable2a way to secure the financial security of
your loved ones in your absence.
Term insurance offers multiple payout methods, such as lump sum, regular income,
lump sum plus regular income, and increasing cover with time. You can select
anyone based on your family’s preference and lifestyle needs.
Onboarding Process for NRIs
There are 2 parts to the onboarding process:
Documents Required Medicals
Here is a list of documents required to buy term insurance:
* • Passport copy along with entry & exit details (wherever applicable)
* • NRI Questionnaire
* • Visa copy
* • TIN / PAN number of resident country (if available), Form 60/ PAN
declaration
* • KYC Documents
* • Income proof documents
Based on the details filled by you in the application form, you may be asked to
furnish some additional details about your NRI status.
Based on your profile you may either be eligible for a Tele Medical or a
Physical medical.
The Company on case to case basis carries out a Video Medical Exam (Video MER)
whereby a team of experts will interact with you over a video conferencing link
and ask you few questions pertaining to your health and medical history (if
any).
Decision will be provided basis prevailing underwriting guidelines and policy
will be issued accordingly.