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T&C apply. The product displayed is ICICI Pru iProtect Smart. UIN 105N151V06. ADVT: W/II/4226/2021-22
<>ICICI Pru iProtect Smart offers four variants namely 'Life', 'Life Plus', 'Life and health' and 'All in one' with different benefits. "All in One" is one of the four variants offered under iProtect Smart. the customer can
choose any one variant from the four available variants. please refer to the product brochure for more details.
*Final decision will be at the underwriter’s discretion (basis age, income).

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

Key Features

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5% Discount*

On online purchase throughout the policy term

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Payout without Hospital Bills

On diagnosis of any of the 34 critical illnesses^^^ (optional)

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COVID-19 Claims

Life insurance claims including Covid-19 life claims++

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1 Day Claim Settlement

In case of any unfortunate event5

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Affordable Premiums2

Save through limited pay3 options & flexiblity to pay4

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100% Payout

On diagnosis of terminal illness##

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Upto INR 2 Cr

Of Accidental death cover (optional)+

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Upto INR 56,4006

In tax benefits under section 80C, 80D, 1010D

Disclaimers

~~Life cover is the benefit payable on death of the Life Assured during the policy term.

*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.

++Our 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.

##A 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 practitioners’ 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 practitioners’ registered with the Indian Medical Association and approved by the Company. The Company reserves the right for independent assessment.

+Accidental Death benefit (ADB) is up to Rs. 2 Crores (Subjected to Underwriting guidelines). ADB is available in Life Plus and All in One option. 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.

^^^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 detail 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.

2 Term insurance is the simplest form of life insurance. It is affordable and can be bought without any assistance. You can save on premium by choosing from limited pay options, where you pay for limited time period and get cover for the complete policy term.

3 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 life 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. 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 ICICI Pru iProtect Smart - Life Option 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.

4 Flexible payout options: Lumpsum, Income, Increasing income, Lumpsum+Income

5 Day 1 is counted from the day of receiving the last document. All due premiums in the policy must have been paid and the policy must have been active for a continuous period of 3 years. Mandatory document to be submitted at Branch Office before 3pm on a working day- Original policy certificate, copy of death certificate by local authority, 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, Panchanama, Inquest report, Driving license. Claim documents submitted prior to 3pm will be considered for ULIP policies. Interest will be paid on claim amount for every day of delay beyond 1 working day. Applicable only for non-investigative death claims. 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.

6 Tax benefits of Rs. 54,600(Rs. 46,800 u/s 80C & Rs. 7,800 u/s 80D) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge as per old tax regime)on life insurance premium u/s 80C of Rs. 1,50,000 and health premium u/s 80D of Rs. 25,000. Tax benefits subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service 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.

7 On diagnosis of Permanent Disability (PD) due to an accident, the future premiums under your policy for all benefits are waived. To know more about definitions, terms & conditions applicable for permanent disability due to accident, kindly refer sales brochure of ICICI Pru iProtect Smart.

ICICI Pru iProtect Smart. UIN: 105N151V06. Advt. No.: W/II/4275/2021-22

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. (c) 2016, ICICI Prudential Life Insurance Company Limited. Registered Office Address: - ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/services of ICICI Securities’ and is not intended to create any rights and obligations. Tax benefits under the policy are subject to conditions under the provisions of the Income Tax Act, 1961. Goods & Services Tax and Cesses, if any, will be charged extra as per prevailing rates. The tax laws are subject to amendments from time to time. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. For more information about the product you can reach out to our Phone banking Officers. To know the Phone banking numbers in your city, please click here.

The above listed insurance products are available online with ICICI Securities Ltd. For details on the complete list of all insurance products please get in touch with your Relationship Manager.

ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. I-Sec acts as a Composite Corporate agent having registration number –CA0113. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Insurance is the subject matter of solicitation. The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale.

The information mentioned herein above is only for consumption by the client and such material should not be redistributed.

The information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities Limited. The contents of this mail are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. While due care has been taken in preparing this mail, I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any inaccurate, delayed or incomplete information nor for any actions taken in reliance thereon. This mail is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject I-Sec and affiliates to any registration or licensing requirement within such jurisdiction.

Free-look Cancellation Period - If you are not satisfied with the policy, you may cancel it by returning the policy document to the ICICI Prudential Life Insurance Company Limited (ICICI Life) within 30 days from the date you received it. On cancellation of the policy during the free look period, ICICI Life will return the premium paid subject to the deduction of: a. Stamp duty paid under the policy, b. Expenses borne by ICICI Life on medical examination, if any and c. Proportionate risk premium for the period of the cover. The policy shall terminate on payment of this amount and all rights, benefits and interests under this policy will stand extinguished.

Key exclusions: Suicide clause: In case of death due to suicide within 12 months: 1. from the date of inception of the policy, the nominee or beneficiary of the Life Assured shall be entitled to 80% of the premiums paid, provided the policy is in force or 2. From the date of revival of the policy the nominee or beneficiary of the Life Assured shall be entitled to an amount which is higher of 80% of the premiums paid till the date of death or the surrender value as available on the date of death.

On payment of this all rights, benefits and interests under the policy will stand extinguished.

BEWARE OF SPURIOUS/FRAUD PHONE CALLS! 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 a police complaint.

iProtectSmart-logo

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