About ICICI Prudential iProtect Smart Term Insurance
ICICI Pru iProtect Smart is a term life insurance plan that financially protects you and your family in difficult times. The plan comes with four plan options namely Life, Life Plus, Life and Health, and All-in-one. The plan options differ in terms of benefits and other features offered under them. The ICICI Pru iProtect Smart Plan comes with two riders namely accidental death benefit and critical illness benefit. Under critical illness benefit, it provides health cover against 34 critical illnesses, the claim for which is paid on the first diagnosis itself, for which no hospital bills will be required. Under the accidental death benefit, it offers you cover for up to Rs. 2 crores. In-built benefits of the plan include death or terminal illness benefit (for AIDS as well) and waiver of premium on disability benefit.
The plan comes with four payout options which you can choose as per your own requirement. These include lump-sum payments, monthly income, increasing income, and lump sum plus income. The premium for this plan can be paid in single, half-yearly, yearly, and monthly payment. The minimum sum assured under the plan is subject to minimum premium and the maximum sum assured is unlimited, which is subject to board approved underwriting policy. The plan is suitable for parents, newly married couples, working women, young professionals, taxpayers, self-employed people, retirees, and SIP investors.
Key Inclusions and Exclusions of the Plan
- COVID-19 related claims
- Cover against 34 critical illnesses (optional)
- Permanent disability benefit
- Accidental death benefit (optional)
- Death and terminal illness cover
What's Not Included
- Self-inflicted injury, suicide, insanity
- Participation in any illegal or criminal act with criminal intent
- Use of intoxicating drugs, alcohol, solvent, etc.
- Treatment for injuries caused due to hunting, mountaineering, etc.
- Treatment of donor for the replacement of an organ
iProtect Smart Plan User Reviews
Claim Process at ICICI Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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