ICICI Pru iCare II Plan - Compare Benefits and Reviews
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ICICI Pru iCare II

With ICICI Pru iCare II, protect your family’s future and ensure that ...Read More

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🛡️ IRDAI Approved
⭐ 4.6/5 · 932 reviews
📊 213.2% solvency ratio
✅ 99.33%% claim settlement ratio
🌐 506+ pan-India

About ICICI Pru iCare II

A quick read on what this ICICI Term Insurance term plan covers and why it might be a fit for you.

ICICI Prudential iCare II is a pure, non-linked term insurance plan designed to provide affordable and reliable financial protection, especially for individuals in high-risk occupations. This plan covers you up to age 85, with a minimum entry age of 18. With a minimum sum assured of just Rs. 86,548 under plan option 1, you can get this plan only for 2444/- annually. The plan is particularly useful for those in professions like construction, mining, or firefighting, where the risk of accidents is higher, as it includes options to enhance coverage through accidental death benefits.

Here are some key features of this plan:

  • Affordable Premiums
  • Fleixible Premium Payment Mode
  • Online Discount
  • Choice of 2 Plan Options
  • Higher Sum Assured Value
  • Whole Life Coverage

Eligibility Criteria for ICICI Pru iCare II

Entry age
Entry age
Minimum Age - 18 years Maximum Age - 65 years
Maturity age
Maturity age
Maximum Maturity Age - 85 years
Policy term
Policy term
Minimum term - 5 years Maximum term - 67 years
Sum assured
Sum assured
Base sum assured: Rs. 86548 to no limit.
Policy loan
Policy loan
The policy loan is not available under ICICI Pru iCare II Plan
Payment Modes
Payment Modes
Annual, half-yearly, quarterly & monthly

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • 2 Crore Accidental Death Benefit
  • One Pay & Single Pay Option
  • Unexpired Risk Premium Value

Cons

  • No Maturity Benefit
  • No Loans Allowed
  • Death Due To Drugs

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

ICICI Prudential Term Insurance Review

ICICI Prudential Term Insurance Review

ICICI Prudential Term Insurance

ICICI Prudential Term Insurance

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - Adaptable
Maximum Maturity Age - NA
Premium Payment Term - SP

How Does the ICICI Pru iCare II Plan Work?

Let's understand how the ICICI Pru iCare II Plan with a simple premium illustration.

Problem

Mr. Sanjeev Gupta, a 35-year-old Delhi-based businessman looking for a term plan for his family. His basic concern is to choose a term  plan that provides higher coverage  with tax benefit in upcoming ITR season.

Solution

He visited PolicyX.com to learn more about term insurance with higher coverage. PolicyX.com advisors carefully understand his query and suggest him to purchase ICICI Pru iCare II Plan.

Let us see a brief illustration of Mr. Sanjeev's ICICI Pru iCare-II Plan

Age of policyholder Annual premiums Premium payment mode Policy tenure Premium payment term Total premiums paid Sum assured
35 years Rs 38,986 Annually 25 years 25 years Rs 974650 Rs 2 Crore

Key Takeaways: Mr. Sanjeev will be covered until the age of 60 years. In case of any unfortunate demise during the policy term, His nominee will receive sum assured equal to Rs. 2 crores.

Riders Associated with ICICI Pru iProtect Care II Plan

You can add the following riders to your ICICI Pru iProtect Care II Plan:

ICICI Pru Accidental Death Benefit Rider

With ICICI Pru Accidental Death Benefit Rider, you can cover yourself with a maximum sum assured of 2 crore against any unfortunate accident that causes death to the life insured.

ICICI Pru Critical Illness Rider

With ICICI Pru Critical Illness Rider, you can protect yourself with a maximum sum assured of 1 crore against 34 critical illness diseases.

Features of ICICI Pru iCare II

Key features that make ICICI Pru iCare II stand out.

Simple Term Insurance Plan

It is a simple term insurance plan with regular or limited premium payment option. With this plan, you can secure your dependents with higher coverage at affordable premium rates.

Choice of 2 Plan Options

ICICI Pru iCare II offers two different plan options for choosing death benefits. You can choose the death benefit payable to the nominee, equal to the sum assured, or an additional benefit of a minimum of of Rs. 2 crore.

Whole Life Coverage

With a policy term of 5-67 years, the ICICI Pru iCare II plan gives insurance coverage and financial security to your loved ones for up to 85 years of age.

Flexible-Premium Paying Terms

ICICI Pru iCare II plan offers flexible premium payment terms such as regular pay in yearly, half-yearly, and monthly payments or single pay.

Benefits of ICICI Pru iCare II

Here are the key benefits of the ICICI Pru iCare II.

Death Benefit

Upon the unfortunate demise of life insured during the policy term, the ICICI Pru i-Care II plan offers the death benefit to the nominee among the highest of the following: Sum assured to 125% of a single premium or 7 times the annual premium or 105% of the premium paid.

Maturity Benefit

ICICI Pru iCare II Plan does not offer any maturity, survival or paid-up benefit.

Tax Benefit

All the Premiums paid for the ICICI Pru iCare II Plan can be used as a tax benefit for upto 1.5 laKhs in section 80C and upto 2.5 lakhs in section 10(10D) of the Income Tax Act 1961.

Exclusions of ICICI Pru iProtect Care II Plan

Here is the list of exclusions associated with the plan:

  • Death that occurred due to a pandemic is not covered by the company.
  • Death caused due to any type of adventure sports.
  • Death by consumption of any type of drugs and alcohol.
  • Death due to any pre-existing disease that isn't mentioned during the start of the policy.
  • If a policyholder commits suicide within the first 12 months of purchasing the policy, then no death benefits are paid to their nominee. Either premiums paid to date or the surrender value of the policy whichever is higher is paid to them.

Conclusion

With ICICI Pru iProtect Care II Plan, You can get a minimum of Rs.2 crore life cover including accidental death benefit. This ICICI Pru i-protect care II plan offer two plan option and comes with affordable premiums. This plan comes with two plan options to cover the vast needs of customers. For more info related to this Plan, you can contact PolicyX.com. Our insurance advisors work 24/7 to solve every possible query of yours.

Conclusion

With ICICI Pru iProtect Care II Plan, You can get a minimum of Rs.2 crore life cover including accid

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ICICI Pru iCare II insurance plan: FAQs

The 2 most-asked questions about ICICI Pru iCare II, answered.

The minimum age of entry in the ICICI Pru Care II insurance plan is 18 years.
In the ICICI Pru Care II insurance plan, you can get a sum assured between 25 lacs to no limit.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Written by Naval Goel — Founder & CEO, PolicyX.com Reviewed by Manoj Kumar — IRDAI-certified Health Insurance Specialist
Last updated: 5 Jul 2024 · Originally published: 24 Oct 2024

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