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Non-Linked Non-Par Life Individual pure risk premium product

Key Features

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Life cover1

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Option to cover health against 34 critical illness^ (optional) like cancer

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Covers Covid-19 claims***

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One day life claim settlement – In case of any unfortunate event, the life claim will be settled in one working day2

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Waiver of premium on disability – Incase of permanent disability due to an accident**, the company waives all the future premiums and the policy continues uninterrupted.

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Terminal Illness cover – If the life assured is diagnosed with a terminal illness## the entire amount of life cover will be paid

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Accidental Death Benefit+ (Optional)

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Tax benefit – Get tax benefits ~ 80C

Disclaimers

*Final decision will be at the underwriter’s discretion.

3 Medicals may be triggered in case of Health issue disclosure or any other underwriting norms.

^ 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.

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FAQs

In case of permanent disability due to an accident, the company waives all future premiums and your policy continues uninterrupted.
Yes, it gives three types of tax benefits.
  • Premiums paid are tax-free under  section 80 C.
  • When you opt for Critical Illness benefit you can get additional tax benefit under  section 80D.
  • Claim amount received by you or your nominee is tax free under section 10(10D). Tax benefits under the policy are subject to conditions under Sec. 80C, 80D,10(10D) 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 details, before acting on above.
Yes, you can buy this plan online on your desktop or on your mobile phone. Buying online gives additional discount and takes just 10 minutes to complete the purchase (subject to realisation of payment and documents).
Yes, you can buy this plan under MWP act. In fact, you can attach MWP act even when you are buying online. All you have to do is tick "yes" in the MWP act question which appears in the application form.
Yes, death due to suicide is covered in this plan. If death of the policy holder happens due to suicide within a year, the nominee or beneficiary of the policyholder shall be entitled to 80% of the premiums paid till the death, provided the policy is in force.
You can start this plan from the age of 18. But, the maximum age should not exceed 65 years.
The premium will depend on the Life Cover amount and other Benefit Options you choose. It starts from ₹ 2,400 per annum excluding taxes as applicable for Life Option.
Your family will receive the combined lump sum amount of Life Cover + Accident Cover if chosen by you.
The minimum Critical Illness Benefit you can choose is `1 lakh. The maximum benefit will be up to the basic Life Cover subject to maximum of `1 crore, as per the company policy.
This benefit is payable 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 enough to initiate the critical illness claim.
Yes, the Life Cover will reduce by the value of the Critical Illness Benefit paid to you. As a result, the future premiums you have to pay will reduce as well.
  • Death and Terminal Illness: Your nominee receives the Life Cover amount in case of your death. You get 100% cash payout of the total life cover amount if you are diagnosed with terminal illness. The policy will close on payment of either the death benefit or the terminal illness benefit. Terminal Illness refers to the high likeliness of death within the next six months as diagnosed by medical practitioners that specialise in the same. To know more about the details of Terminal Illness, refer to the information provided in the  product brochure.
  • Permanent Disability: The company pays all due premiums on your behalf in case of permanent disability caused due to an accident. Permanent Disability~ will be triggered if you are unable to perform 3 out of the 6 following activities permanently and consistently for 6 consecutive months:
    • Mobility: The ability to walk a distance of 200 meters on flat ground.
    • Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability to get into a standard car, and out again.
    • Climbing: The ability to climb up a flight of 12 stairs and down again, using a handrail if needed.
    • Lifting: The ability to pick up an object weighing 2 kg at table height and hold it for 60 seconds before replacing the object on the table.
    • Writing: The ability to write using a pen or pencil, or type using a computer's keyboard.
    • Blindness (permanent and irreversible): Permanent and irreversible loss of sight to the extent that even when tested with the use of visual aids, vision is measured at 3/60 or worse, using a Snellen eye chart.
  • Accidental Death (optional): In case of death due to an accident, your nominee receives a lump sum amount called the Accident Cover*.
  • Critical Illness (optional): On the first occurrence of any of the covered 34 critical illnesses, you receive a lump sum pay-out*.
You can choose your level of protection by selecting one of the four benefit options to suit your need. The plan options are Life, Life Plus, Life & Health and All-in-one. Death, Terminal Illness and Permanent Disability are covered irrespective of the plan option chosen as shown below:

Coverage In Case Of An Unfortunate Event Regular Pay
Life Life Plus Life & Health All-In-One
Death Yes Yes Yes Yes
Terminal Illness (including AIDS) Yes Yes Yes Yes
Waiver of all future premiums on permanent disability due to accident Yes Yes Yes Yes
Accidental Death No Yes No Yes
34 Critical Illness No No Yes Yes
Yes, this plan has single premium option. Here are the details:

Benefit Options Premium Payment Minimum Policy Term Maximum Policy Term
Life Once 5 years 20 years
Life Plus Once 5 years 20 years
Life & Health NA NA NA
All-in-one NA NA NA
Yes, ICICI Pru iProtect Smart gives you this facility, with life stage protection, under all its plans without any medicals.

Event Additional Life Cover (Calculated As A Percentage Of The Original Life Cover) Maximum Additional Life Cover Allowed (₹)
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
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