ICICI Prudential Pure Protect Elite

Pure Protect Classic Plan from ICICI Prudential Life Insurance

ICICI Prudential Pure Protect Classic Plan is a variant of Pure Protect Plan which is only for low sum assured till less than Rs 25 lakhs. It is a pure term plan with additional rider benefits available. Thus if the life insured dies within the policy tenure, the nominee is eligible to get the sum assured and nothing is payable on maturity.
 

Key Features of Pure Protect Classic Plan

There are additional benefits of Accidental Death and Disability and Waiver of Premium rider
This is a cheap term insurance policy with high sum insurance discount available

COMPARE THIS PLAN WITH OTHER TERM PLANS

Amount you wish to be covered for? 10 Lakhs 15 Lakhs 20 Lakhs 25 Lakhs 30 Lakhs 35 Lakhs 50 Lakhs 75 Lakhs 1 Crore 1.5 Crore 2 Crore 2.5 Crore 3 Crore 4 Crore 5 Crore 10 Crore 15 Crore 20 Crore 25 Crore

Duration of Policy? 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years 11 Years 12 Years 13 Years 14 Years 15 Years 16 Years 17 Years 18 Years 19 Years 20 Years 21 Years 22 Years 23 Years 24 Years 25 Years 26 Years 27 Years 28 Years 29 Years 30 Years 31 Years 32 Years 33 Years 34 Years 35 Years 36 Years 37 Years 38 Years 39 Years 40 Years 41 Years 42 Years 43 Years 44 Years 45 Years 46 Years 47 Years 48 Years 49 Years 50 Years 51 Years 52 Years 53 Years 54 Years 55 Years 56 Years 57 Years 58 Years 59 Years 60 Years

Male Female

Tobacco?

Yes

No

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Benefits you get from Pure Protect Classic plan

• Death Benefit – Being a pure term insurance plan, there is only death benefit payable to the nominee if the life insured dies within the policy tenure.
• Maturity Benefit – Being a pure term insurance plan, 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 Pure Protect Classic plan

	Minimum	Maximum
Sum Assured (in Rs.)	Subject to minimum premium as applicable	24,99,999
Policy Term (in years)	10	30
Premium Payment Term (in years)	Equal to policy term	Equal to policy term
Entry Age of Policyholder	18	65
Age at Maturity	-	75
Single premium	NA	NA
Payment modes	Only Yearly

Sample illustration of premium amount in Pure Protect Classic plan

The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 15 lakhs and Policy Term = 30 years

 

 

Additional Features and Benefits of Pure Protect Classic Plan

Riders – There are 2 additional riders available with this plan namely

·         Accidental Death and Disability rider - In event of death due to accident, the total additional Sum Insured is paid out to the nominee and in the event of total and permanent disability, 10% of the Rider Sum Assured is paid out every year, for 10 years

·         Waiver of Premium Benefit rider- In event of total and permanent disability due to an accident, the company would pay all the future premiums till maturity.

 

What happens if?

• You stop paying the premium – then the policy would lapse after the grace period ends and all benefits would stop. However it can be revived within 2 years on payment of premium and interest.
• You want to surrender the policy – There are no surrender benefits under this ICICI Prudential Pure Protect Classic term plan.
• You want a loan against your policy – Loan facility is not available under this policy.