ICICI Term Insurance Review


If you are looking for a term insurance plan, ICICI has a range of policies worth considering. ICICI Prudential offers several options, including iProtect Smart, iCare II, and iLife Rural Plans. These plans are great options for individuals with existing medical conditions.

ICICI Prudential iProtect Smart

If you are looking for a comprehensive term insurance plan, you should look at the ICICI Pru iProtect Smart plan. It is a versatile term insurance plan that covers a variety of benefits, including accidental death and coverage for 34 critical illnesses. It also offers tax benefits, and guarantees claim settlement within a day.

The ICICI Prudential iProt Smart plan is an affordable option with a base cover of Rs 1 Crore. It also includes additional benefits such as critical illness and terminal illness riders. In addition, it offers flexible payout options, such as a lump sum payout or a fixed monthly income.

The Smart project plan also allows you to pay your premiums early. There are several ways to report a claim, including online. The company will assess your case to determine whether or not you are eligible for the plan’s benefits.

ICICI Prudential iCare II

ICICI Prudential iCar-II plan is designed to offer affordable term insurance. Therefore, it offers a death benefit only, without a maturity benefit. Moreover, it allows you to customize your plan according to your requirements. For instance, you can choose the First Option, which gives a Death Benefit equal to the Sum Assured, or the Second Option, which gives you a Death Benefit and an Accidental Death Benefit equal to the base Sum Assured.

The iCare II term plan is designed to address the financial needs of an entire family. It provides coverage up to INR 1 crore in case of death or inability of the policyholder. In addition, it offers tax deductions and flexible payment options. It also offers affordable premiums.

Another advantage of ICICI Pru iCare II term insurance is that it offers a free look period. This allows you to change your mind about the plan, even if you’re still paying premiums. Depending on your preferences, you can also choose between a lump-sum payment or a fixed monthly income.

ICICI Prudential iProtect

The project plan is a non-participating term plan. It can be purchased from the company’s website and offers high protection at low premium rates. The policy also benefits from income tax benefits on premiums and claims. It is subject to Section 10(10D) of the Income Tax Act. However, it does not offer a surrender benefit.

The plan’s terms and conditions are flexible, with many riders available. This includes critical illness benefits, terminal illness benefits, and income payments. The plan offers multiple payout options, including a lump sum or fixed monthly income. Whether you’re planning to purchase a term policy or a life assurance plan, look at the benefits each plan offers.

The project plan offers a combination of life insurance and annuity benefits. This plan allows you to earn additional income on your savings and get a lump sum at maturity. Its death benefit is also guaranteed to go to your nominee. All of these benefits offer excellent protection for your family.

ICICI Pru Life Rural Plans

ICICI Pru Life Rural Plans are life insurance solutions for rural people, offering enhanced savings and life cover. They are available in five, seven, or ten-year payment tenures. Depending on your needs, you can choose to pay your premium monthly, half-yearly, or quarterly. The policies can be used for both single and joint life, and you can also track fund performance.

The plan provides an income stream that is guaranteed to rise over time. When you choose to take an income, you have the option to begin receiving the money as soon as you reach the age of 65. In addition, the plan has several features that help you manage your income in retirement, such as regular income or regular lump-sum withdrawals.

There are many types of policies from ICICI Pru Life, including term life insurance, universal life insurance, and disability insurance. Each plan has a different feature and is designed to provide you with the right amount of protection in the event of an emergency or the death of a loved one. You can also choose an option that covers your spouse or children with a lump sum.