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What Makes ICICI Pru iProtect Smart The Best Protection Plan?

Published On Dec 23, 2021

ICICI Pru iProtect Smart has been our most popular online plan since its launch (Source: Company BuyOnline data - Dec 2015 till Sep 2018). This term plan protects your family while also covering you against critical illness (optional). Consumers favour critical illness insurance, with one out of every three customers opting for it.You have a choice of four payout possibilities.

You may make one-time payments, such as for your child's education, or you may only require monthly income, such as for home loan EMIs. With ICICI Pru iProtect Smart's four payout choices, your nominees can receive insurance money according to their needs.

Benefits of ICICI Pru iProtect Smart The Best Protection Plan

Here are a couple benefits you can avail by investing in ICICI Pru iProtect Smart The Best Protection Plan:

1. Maturity

There is no payment given when the policy period comes to an end. If the policyholder lives to the end of the term, the insurance will be cancelled and no payout would be made.This feature must be used within 6 months of the date of the event and is only applicable if no claim for any benefit under the policy has been made. At the moment of exercise, the life insured must be under the age of 50.

2. Suicide Clause

If the policyholder commits suicide within one year of the policy's issue date, the insurance would be nullified and no benefits will be paid. The corporation will reimburse you for 80% of the premium.

3. Extensive Coverage Offer

Now is the ideal moment to purchase life insurance. Because you can acquire life insurance with low premiums and the term you want if you buy today. Our policy will cover you until you are 99 years old.

4. Protection From Terminal Illness

AIDS and other terminal illnesses are not only life threatening, but they can also lead to financial devastation. ICICI Pru iProtect Smart lets you fight back by paying out your insurance money before you die. All plan options include a terminal illness benefit, which also includes AIDS coverage.

5. Choice To Add Unintended Benefit

Accidents on the road and in trains happen all the time. Insurance won't be able to stop them, but it can help to lessen the financial consequences. ICICI You can add accidental coverage to Pru iProtect Smart during or after the purchase process.

Exclusions In The ICICI Pru iProtect Smart Term Plan Are As Follows:

  • STDs, AIDS, and HIV, as well as their consequences, are all sexually transmitted diseases.
  • Using drugs/alcohol/taking drugs without the supervision of a licensed medical practitioner is prohibited.
  • Adventure sports, such as any type of racing, scuba diving, and aerial sports, involve deliberate risk.
  • Participation in a proclaimed or undeclared war, civil unrest, and criminal law violations.
  • Other than flying as a fare-paying passenger or crew member in a commercially certified aircraft.
  • Self-inflicted harm, suicide, insanity, and the life insured's deliberate participation in an illegal or criminal conduct are all covered.

Take Away

The ICICI Pru Protect smart term insurance plan has a variety of options when it comes to features and benefits. It covers Indian residents' deaths up to the age of 75, which is a large level of coverage.. Insurance is a fantastic notion that allows us to be assured of financial assistance in the event of a calamity.

Also read - 5 reasons ICICI Prudential Is The Life insurer You Need

Top 4 SBI Life Insurance Plans You Should Know About

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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