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ICICI Prudential iProtect

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ICICI Prudential iProtect Term plan

ICICI Prudential iProtect is a pure term insurance policy which offers high coverage at low and affordable premiums. In such policies, if the policy holder dies then the nominee is given the sum assured. However, if the policy holder survives the policy term then he/she does not get any money back. ICICI Prudential iProtect is a term insurance plan which can be purchased on the internet and hence the product is cheaper than most of the term insurance plans in the market.

Key Features of ICICI Prudential iProtect Term plan

§ One of the cheapest term plans in the market

§ Plan has an option of sum assured with an additional death benefit equal to the base sum assured or Rs.50,00,000, which is lower

§ The plan has a paperless process for non-medical cases

§ It can be purchased online with great convenience

Benefits you get from ICICI Prudential iProtect Term plan

Death Benefit – In case of death of the policy holder, the nominee gets the sum assured under the plan option I. If the policy holder avails plan option II, then the nominee gets sum assured + accidental death benefit.

Maturity Benefit – There are no maturity benefits under this plan.

Income Tax Benefit

Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C

Eligibility conditions and other restrictions in ICICI Prudential iProtect Term plan

	Minimum	Maximum
Sum Assured (in Rs.)	Rs.10,00,000	Rs.10,00,00,000
Policy Term (in years)	5	30
Premium Payment Term (in years)	Equal to policy term	Equal to policy term
Lock-in period	5 years
Entry Age of Policyholder	20	65
Age at Maturity	-	75
Regular premium	Rs.2,000	-
Single premium	NA	NA
Payment modes	Yearly, Half-Yearly, Quarterly and Monthly (ECS)

Sample illustration of premium amount in ICICI Prudential iProtect Term plan

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs.50,00,000 and Policy Term = 25 years

Additional Features and Benefits of ICICI Prudential iProtect Term plan

Riders – Some additional benefits can be taken in the form of riders by paying extra premium

Type of Rider	Available with Policy
Accidental death benefit	Yes
Permanent disability benefit	No
Waiver of premium benefit	No
Critical illness (or dread diseases) benefit	No
Increased death benefit / Term rider	No
Hospital cash benefit	No

What happens if?

You stop paying the premium - If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium. In case of death of the Life Assured during the period while the policy is in lapsed condition, no benefit shall be payable.

You want to surrender the policy – There are no surrender benefits under this term plan.

You want a loan against your policy – Loan facility is not available under this policy.

Alternate term plans from different insurance companies

Aviva iLife Term Plan

IndiaFirst Anytime Plan

Aegon Religare i-Term plan

HDFC Life Click2Protect

Kotak eTerm Plan

Future Generali Smart Life

Met Protect from MetLife

Other term insurance plans from ICICI Prudential Life Insurance

ICICI Prudential Pure Protect

ICICI Prudential LifeGuard

Note: This is a statement of facts based on the information collected from the ICICI Prudential iProtect brochure and insurance company's website. It should not be construed as a Critical or Favourable ICICI Prudential iProtect Review, Analysis or Recommendation.
Insurance is a subject matter of the solicitation.

25 Responses to "ICICI Prudential iProtect"

hi this is good policy

By adee on Feb 23, 2012

Good to see real expertise on dipsaly. Your contribution is most welcome.

By Luckie on Jan 06, 2012

By on Oct 18, 2011

i am 44yrs old please suggest best health insurences which cover all the complications of diabetics health policy -ONLINE -with low premiums.compare 4-5 companies policies

By ar on Sep 13, 2011

I want to bye this policy, could you please provide details about claim process

By mukhe singh on Aug 31, 2011

I want to buy icici iprotect term plan but i also wanted to compare premiums with other insurance companies. Thanks to your site i was able to do so because as far as i know icici pru has a good claims settlement ratio which is important before buying insurance policy

By Shyam Sonar on Aug 03, 2011

It is good to know your website gives all this insurance advice for free. One insurance agent told me to buy this plan, but after reading your review i think i will buy the other plan of ICICI

By Lalji on Aug 01, 2011

Sir I hv RCM business. I want to do a Bajaz Allianz policy under RCM. My date of birth is 30/09/86. So tell me the minium premium of monthly,qtly,hfyrly and yrly which i wil pay.

By Sri Lalit Rajgarh on Jul 31, 2011

Term Insurance Policy according to me is the most important way of securing one's family. My masi lost her husband in a car accident and was left without a single penny. Later on she found policy documents of LIC Term Plan that her husband had taken years back and got 20 lakh rupees. I would ask everyone to buy Term Plan

By Shirke on Jul 29, 2011

SIR,IAM A SUGAR PATIENT AND I HAVE HIGH BP ALSO.I WANT TO KNOW WHICH HEALTH INSURANCE POLICY SUITS ME INCLUDING MY SUGAR AND BP.

By chandrasekar on Jul 20, 2011

what are elligibility required to take a risk cover of 75 lakhs for 36 male non smoker in surat ?

By sanjay savani on Jul 04, 2011

I think it is a good idea to buy Jeevan Arogya Lic plan for my family as we have 10 members and live in joint fmly. Nice policy.

By Mr. R Lakhaniya on Jul 04, 2011

If I take LIC Anmol Jeewan Policy of Rs.1000000/- for a period of 30 years the present yearly premium as per chart is Rs.3821/-. Whether the premium throughout the policy period will be same Rs.3821/ yearly or it may be amended/increased by LIC from time to time in future. My age is 30 years as on date.

Amit

By amit on Jul 03, 2011

Is this the best policy in the market? Please email me a complete list of the top 5 plans available

By Alok Bansal on Jul 01, 2011

If I want to include my wife and three children in the policy, please advise,

By KRISHNA PERUMAL on Jul 01, 2011

nice policy
but some querry

By rajesh on Jun 23, 2011

this a good policy

By satish on Jun 16, 2011

Can you please send your Advisor to explain in details personally.

By PANKAJ SHAH on Jun 15, 2011

What is the additional premium to be paid to avail accidental death benefit under iprotect plan2 for a working lady DOB 8-7-80 with income above 5 lakh per year for a term of 30 years for a term insurance of 50 lakhs

By G K Mohanrao on Jun 11, 2011

sir,i wish 2 take maha life gold plan.paying rs.50000 per annum.can u sent details about that..

By R.Ramamoorthy on May 04, 2011

I am a United India Insurance Policy Holder for the last two years and my policy is due for this month .Please guide me can i continue with you or change

Thanks

By Thomas Mathew on May 02, 2011

Dear Sir/Madam, I have done a policy Bima Account 1 plan no.805 as Rs.3000/- quterly for seven years. Sir I wanna know how much money I will get back in maturity. Kindly give me the lumpsum amount of maturity in my e-mail.

By Jahed Ahmed on Mar 14, 2011

Very affordable premiums. This is the best thing that could have happened to term insurance plans. You have to make it cheap for people to buy these plans. Very good offer.

By Sampat Mahapatra on Feb 28, 2011

Yes, I agree this is a great term insurance plan which is very cheap and now lets us buy a large life cover at a low cost. Good policy

By Kavya Dutta on Jan 31, 2011

IProtect is the cheapest term insurance plan. Also it has riders so it makes it better than the rest

By Shyam Sunder on Jan 17, 2011

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