What is the entry age and minimum premium under I protect smart?
Eligibility conditions in the ICICI Pru iProtect Smart Policy
| Minimum / Maximum age at entry | 18 / 65 years |
|---|---|
| Critical Illness Benefit | Minimum: Rs. 1,00,000 Maximum: Equal to Sum Assured |
| Minimum Sum Assured | Subject to the minimum premium |
| Maximum Sum Assured | No limit |
| Mode of Premium Payment | Single, Yearly, Half-yearly and Monthly |
What is Icici I protect smart?
ICICI Pru iProtect Smart lets you add accidental cover of your choice during purchase or, even after purchase. For example if you buy life cover of `1crore with accident benefit of `50 Lakh, your nominee will get `1.5 crore in case of death due to accident.
What is iProtect smart?
ICICI Pru iProtect Smart Plan is a term insurance policy which provides you with different options to enhance the protection for yourself and your family through affordable premium payments. The plan also offers the option to and critical illness benefits.
What is accidental cover in term insurance?
There are two kinds of covers that offer accidental benefits. These include accidental death benefit and accidental total and permanent disability benefit. Accidental death benefit is the payment made to the nominee along with the standard benefit that is made out in the unforeseen event of the insured person’s death.
Does term plan cover natural death?
Under normal circumstances the term insurance covers all types of deaths that might fall under Accidental, Illness Related or Natural death. While all of these are natural causes of death and can cause significant financial distress to the dependents and family.
Which term insurance is best LIC or Icici Prudential?
Best 10 Term Insurance Plans in India of 2021
| Sr. No. | Company Name | Claim Settlement Ratio 2019-20* |
|---|---|---|
| 1. | LIC of India | 96.69 |
| 2. | HDFC Life | 99.07 |
| 3. | SBI Life | 94.52 |
| 4. | ICICI Prudential Life | 97.84 |
How can I cancel my Icici Prudential plan?
To surrender your policy, you can visit any of our branches with the following documents:
- Surrender form.
- Policy document.
- A signed copy of the photo identity proof of the policy-holder, i.e. PAN card, Aadhaar card etc.
- Cancelled cheque of the bank account in which you wish to receive the surrender amount.
Does term plan cover accidental death?
Does Term Life cover accidental death?
Accidental death benefit plans only pay out if you die in a covered accident, while term life covers you if you die from an accident, illness, or natural causes, with few exceptions. It’s affordable. If you have big financial needs, term life can offer more protection for you and your family.
What kind of deaths are not covered in a term insurance plan?
Term insurance plans do not cover death due to self-inflicted wounds. Death due to any critical illness is covered under Term plans. It also includes sexually transmitted disease like HIV/AIDS. If you have an existing illness when purchasing a Term insurance plan, then it is mandatory to disclose it.
What happens in ICICI Pru iProtect smart term insurance?
Term Life Insurance is for your family’s security. But what happens when a critical illness strikes and your life hangs in balance? ICICI Pru iProtect Smart gives claim payout on first diagnosis of any of the covered 34 Critical Illnesses^ . No Hospital Bills required. Term Life Insurance is for your family’s security.
What are the benefits of Icici prulife term insurance?
ICICI Pru’s term plan is highly affordable, with a ₹ 1 Crore cover starting at just ₹ 490 p.m. 2! The plan has in-built benefits for terminal illness and permanent disability. You get 100% payout in case of terminal illness 3 and waiver of premium in case of permanent disability 5 while your policy continues as is.
Is the ICICI Bank liable for any loss?
ICICI Bank shall not be liable or responsible for any loss resulting from insurance company’s products/ services. Subject to applicable laws, all the information given above is valid for the term of the policy purchased. BEWARE OF SPURIOUS / FRAUD PHONE CALLS !
Which is the registered office of ICICI Bank?
ICICI Bank Limited (“ICICI Bank”) with registered office at ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, 390 007, Gujarat (CIN: L65190GJ1994PLC021012) is a corporate agent (Composite, IRDAI Regn No. : CA0112 valid till 31/03/2022) of ICICI Prudential Life Insurance Company Limited (“ICICI Prulife”).