Why should you buy ICICI Pru iProtect Smart?

ICICI Pru iProtect Smart is a comprehensive term insurance plan that in addition to securing your loved ones in your absence, also gives you the flexibility to design your own plan by choosing from the range of benefits that the plan has to offer. To know more, please refer the product brochure.

Payout in case of major illness | Flexible Payout options | Additional payout in case of Accident | Get Tax benefits

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Life Insurance Plans



Get a life cover at just ₹526* per month, and your family will get ₹50 lakh in your absence

Buy Term Plan


Get a cover against heart & cancer ailments at just ₹101* per day

Buy Health Plan


Get monthly pension for life, for you and your spouse, along with capital protection and pension boosters

Buy Retirement Plan

Quote Calculator


Choose from term plan, retirement plans & money-back plans and calculate your personalised quote.

Pre Approved Offer

Pre Approved Offer

Instant term life cover – Express Buying

We have made buying life insurance easy for you with a pre-approved sum assured.

This offer is extended to selected existing customers of ICICI Bank. As their details are already available with us, these customers get the benefit of easy and hassle free buying and they don’t have to undergo any medical tests.

You can avail an instant life cover^ through your Internet Banking account at affordable premiums.

^Subject to realisation of payment and documents.

Pre Approved Offer


Terms and Conditions apply. The values shown are for representation purposes only. Actuals may differ.

*The premium has been calculated for a 30 year old healthy male for a life cover of ₹50 lakhs and an accelerated Critical Illness cover of ₹10 lakhs under ICICI Pru iProtect Smart – Life & Health option for a policy term of 20 years, for regular income payout option and is exclusive of all taxes. The annual premium rate is ₹6,320 (exclusive of all taxes)

The above example is for a 40 year old healthy male for ICICI Pru Heart/Cancer Protect for all the benefits chosen. (i.e. Hospital, Income and Increasing Cover Benefit) with health insurance cover of ₹ 50 lakh (₹ 25 lakh heart cover + ₹ 25 lakh cancer cover) for a 20 year policy term and is inclusive of all taxes. In case of yearly premium frequency, the total premium will be ₹ 36,788. (inclusive of all taxes)

#The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. To know more about the illnesses covered, please refer to the sales brochure. This is only available in Life & Health and All in One options.

+This benefit is only available under Life Plus & All-in-one options

1Tax benefit of Rs 54,075 is calculated at highest tax slab rate of 30.9% (including Cess) on insurance premium u/s 80C/80CCC of Rs 1,50,000 and health premium u/s 80D of Rs 25,000. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Service tax and applicable Cesses will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

~Doctors document confirming diagnosis to be submitted.

**Tax benefit is calculated at highest tax slab rate of 30.9% (including Cess) on health premium of Rs 25,000 u/s 80D of the Income Tax Act, 1961.

Conditions ApplyGuaranteed benefits are payable subject to all due premiums being paid and the policy being in force. Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on policy term, premium, premium payment term, Sum Assured and gender and may be lower than your Sum Assured. Guaranteed Additions (GAs) totaling 5% of GMB each year will accrue during the first five policy years if all due premiums are paid. GAs accrue on payment of due premium. Bonuses consist of vested reversionary bonuses, interim bonus and terminal bonus, if any (this is in addition to what is mentioned).

4Capital Guarantee will be available in terms of Assured Benefits, which is applicable only at maturity of the policy. Assured Benefits will be 101% of the sum of all premiums paid. There will be an additional charge of 0.50% p.a. and 0.10% p.a towards the investment guarantees for Easy Retirement Balanced Fund and Easy Retirement Secure Fund respectively, which will be adjusted from the NAV on daily basis.

2Tax benefits are subject to conditions of section 80C, 80CCC, 80D, 10(10D) and 10(10A) of the Income Tax Act, 1961 and are subject to amendments made thereto from time to time.

Service tax and applicable Cesses will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

“This feature is only available under ICICI Pru iProtect Smart – Life Option

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837

© 2016, ICICI Prudential Life Insurance Company Limited. Registered Address:- ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Insurance is the subject matter of the solicitation. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India) and on 91-22-6193-0777 (Valid for calls made from outside India) (10am-7pm (IST), Monday to Saturday, except national holidays). Tax benefits under the policy are subject to conditions u/s 80D of the Income Tax Act, 1961. Indirect taxes and applicable cesses will be charged extra over the premium amount as per the applicable rates. Tax laws are subject to amendments from time to time. Advt. No.: W/II/0071/2017-18

ICICI Bank Limited ("ICICI Bank") with registered office at ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, 390 007, Gujarat is a corporate agent (Composite, IRDAI Regn No. : CA0112 valid till 31/03/2019) of ICICI Prudential Life Insurance Company Limited ("ICICI Prulife"). Insurance is underwritten by ICICI Prulife. ICICI Bank's customer's participation in the policy is entirely voluntary.

The products, services and benefits referred to herein are subject to terms and conditions governing them as specified by ICICI Prulife from time to time. ICICI Bank shall not be liable or responsible for any loss resulting from insurance company's products/ services.


IRDAI clarifies to public that

  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus.
  • Public receiving such phone calls are requested to lodge a police complaint, along with details of phone call, number.