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ICICI Prudential iProtect Smart Plus is a term insurance plan designed to provide financial protection to the policyholder’s family. Its available cover, payout options and policy conditions depend on the selected variant and the insurer’s underwriting.
ICICI Prudential current flagship term plan: life cover up to age 99, four death benefit payout options, an in-built terminal illness benefit and a 12-month premium break.
This plan may suit buyers looking for configurable term protection and different benefit payout choices. Before purchasing, compare the available options, premium obligations, exclusions and policy wording. Confirm the current availability of each feature directly with ICICI Prudential.
ICICI Prudential Life
Key Insights
Founded
2001
ICICI Prudential Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.34% CSR, calculated as a 3-year average
ICICI Prudential Life settles 99.34% of all claims it receives, demonstrating strong credibility.
Contact Details
1800 2660
Headquarters: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra 400025, India
Provides life insurance protection for the nominee if the life assured dies during the policy term.
Benefit is subject to the policy schedule and terms.
Provides the applicable benefit on diagnosis of terminal illness meeting the policy definition.
Refer to the current policy wording for eligibility and payout conditions.
Eligible policies may qualify for an initial payout of ₹3 lakh on claim intimation.
Subject to eligibility, claim-intimation requirements and policy conditions.
Allows eligible policyholders to defer premium payment for a specified period.
Deferred premiums remain payable under the applicable policy terms.
Provides an option to increase life cover at specified life milestones, subject to product rules.
Eligibility, milestones and increase limits must be confirmed in the current brochure.
Optional additional benefit for eligible death caused by an accident.
Requires the applicable rider or selected option and is subject to its terms.
Optional protection for specified critical illnesses when diagnosis meets the applicable definitions.
Covered illnesses, limits and claim conditions depend on the selected option or rider.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ICICI Prudential Life plans and claim process
The official product information describes life cover, an in-built terminal illness benefit, a 12-month premium-break option, and optional critical illness and accidental death benefits. Availability is subject to the applicable policy terms.
Yes. The insurer describes terminal illness benefit as an in-built feature. The definition, medical evidence requirements and claim conditions are governed by the applicable policy wording.
The insurer describes a 12-month premium-break option. Premiums due during the break are deferred rather than waived, and the deferred amount must be paid according to the policy conditions.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ICICI Prudential Life website before purchasing.
Official Website
iciciprulife.com
Visit the official ICICI Prudential Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
The insurer lists critical illness cover and accidental death benefit as optional benefits. Eligibility, availability and additional premiums depend on the selected option and applicable terms.
The insurer lists four payout options under the applicable Life and Life Plus variants: lump sum, income, increasing income, and lump sum plus income. The available choice depends on the selected variant and policy terms.
The insurer describes in-built health management and wellbeing services. These are subject to availability and the conditions stated in the product brochure.