Lifeguard Level Term Assurance Plan of ICICI Prudential Life Insurance is a pure term insurance plan with level cover throughout the policy tenure. This is a vanilla term plan where the nominee would be paid out the Sum Assured if the life insured dies within the policy term but if he doesn’t then there is nothing payable to him on maturity.
|
Minimum |
Maximum |
Sum Assured (in Rs.) |
Not Specified |
Not Specified |
Policy Term (in years) |
5 |
30 |
Premium Payment Term (in years) |
Equal to policy term |
Equal to policy term |
Entry Age of Policyholder |
18 |
55 |
Age at Maturity |
- |
65 |
Single premium |
NA |
NA |
Payment modes |
Annual, Half-Yearly, Quarterly and Monthly |
The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 10 lakhs and Policy Term = 20 years
Additional Features and Benefits of Lifeguard Level Term Assurance Plan
Riders – there are 2 riders in this plan
· Accident and Disability rider- this is an accidental death and disability rider
· Waiver of Premium- this rider would entitle all premiums to be waived off till maturity in event of total and permanent disability due to accident