Why is Life Insurance Important?
Buying a life insurance policy is one of the most important financial decisions. Very often, we find out about life insurance policies from our acquaintances, office colleagues or family members. But most of the time, we ourselves ignore the fact about the importance of having a life insurance policy. Well, regardless of how much you earn, no one knows what the future holds. It is important to protect your family financially against the uncertainties of life and health, as well as security from major illnesses. Hence, it is always vital that one should own a life insurance policy, so as to safeguard himself/ herself and his/ her loved ones.
Why do you need Term Life Insurance?
It is important that you protect your family financially against the uncertainties of life & health
Burden of EMIs/unpaid liabilities is not passed on to your family
Financial protection against major illnesses# like cancer of specified severity, heart attack, etc
An affordable way to get a life cover. For example, you can get a life cover of ₹50 lakhs at just ₹494* per month
Why choose ICICI Bank?
Our IRDAI certified officers will offer immediate assistance
We are a corporate agent of ICICI Prudential Life Insurance Company, which has a claim settlement ratio of 97.88%' for Financial Year (FY) 2017-18.
Managing your iProtect Smart policy is very easy through your ICICI Bank Internet Banking Account
We assure you of services across all touch points
We offer quick and convenient claim processing
Terms and Conditions apply. The values shown are for representation purposes only. Actuals may differ.
'Claim statistics are for FY 2017-18 and is computed basis individual claims settled over total individual claims for the financial year. For details, refer to Public Disclosures on our Website
*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 ₹5,787 (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,Increasing Cover or ALL) with health insurance cover of Rs. 50 lakh (Rs. 25 lakh heart cover + Rs. 25 lakh cancer cover) for a 20 year policy term and is exclusive of all taxes. In case of yearly premium frequency, the total premium will be Rs. 31,989 (exclusive 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. Goods & Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. ICICI Pru iProtect Smart, UIN – 105N151V03
~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.
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.
Goods & Services Tax and Cesses, if any, will be charged extra as per prevailing rates.
“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. Goods & Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. ICICI Pru iProtect Smart, UIN-105N151V05 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 (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"). Insurance is underwritten by ICICI Prulife. Purchase by ICICI Bank’s customer of any insurance products is purely voluntary, and is not linked to availment of any other facility from ICICI Bank.
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.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
- IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
- Public receiving such phone calls are requested to lodge a police complaint.