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ICICI Term Insurance
iProtect Super Term Plan by ICICI Prudential Life Insurance is an excl ...Read More
A quick read on what this ICICI Term Insurance term plan covers and why it might be a fit for you.
ICICI Prudential iProtect Smart Plus is a comprehensive term insurance plan that offers life cover up to 99 years along with optional protection against critical illness and disability. There are three plan option you can choose from- Life, Life Plus and Life Rebalancing. You have the flexibility to choose the premium payment term and convert from Regular Pay into Limited Pay.
This plan provides flexible payout options and return of premium options, ensuring both financial flexibility for your family.
iProtect Smart Plus Term Plan offers a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
We give a full and honest review of the ICICI Prudential iProtect Smart Plus Term Plan (2025) in this video. This guide will help you learn about ICICI Term Life Insurance& 039;s unique features, benefits, riders, and premium information.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the ICICI Pru Smart Plus Term Plan works with a simple premium illustration.
Mr Verma a 35-year-old salaried professional is looking for a term insurance plan with a premium break option to protect his loved ones against the uncertainties of life.
He visited PolicyX.com to find a suitable term plan for him. One of the insurance experts suggested him to buy the ICICI Pru Smart Plus Term Plan.
Mr Verma bought the ICICI Pru Smart Plus Term Plan from PolicyX.com. Let’s understand the plan works for him with a simple premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 9,030 | 30 years | 30 years | Rs 5,02,570 | Rs 1 crore |
Key Takeaways:
(i) In case of Mr Verma’s uncertain death during the policy tenure, his family would receive the death benefits of Rs 1 crore and the policy will lapse with immediate effect.
(ii) In case he survives the policy tenure, no benefits are paid and the policy will lapse on maturity.
Key features that make ICICI Pru iProtect Smart Plus stand out.
Comprehensive Protection Coverage
The plan offers enhanced security with coverage for death, terminal illness, and disability, ensuring complete financial protection for your family.
Lower Premiums for Non-Smokers
Non-smokers can benefit from comparatively lower premium rates, making the plan more affordable.
Flexible Payout Options
Policyholders can choose how the claim is paid—either as a lump sum or as a monthly income for a fixed period, based on their family’s needs.
Flexible Payments & MWP Act Benefit
The plan offers multiple premium payment options (single, regular, or limited). Additionally, under the MWP Act, the claim amount can be secured exclusively for the spouse or children, ensuring financial safety.
Here are the key benefits of the ICICI Pru iProtect Smart Plus.
There are three plan options available with the Smart Plus Term Plan:
| Plan Options | Benefits |
| Life | It is the purest form of term insurance plan that offers only death benefits to the policyholder's loved ones in case of their uncertain death during the policy tenure. |
| Life Plus | This plan option offers death benefits along with accidental death benefits to the nominee. |
| Life Rebalancing | Under this plan variant, the nominee will receive death benefits and accidental death benefit varying year on year. |
Flexible plan options
Choose from customised variants—Life, Life Plus, Life & Health, and All-in-One—based on your protection needs.
Comprehensive Risk Coverage
The plan goes beyond basic life insurance by covering multiple risks, including death, terminal illness, permanent disability (with premium waiver), accidental death, and critical illnesses (as per the option selected).
Multiple Payout Options
Policyholders can choose how to claim amount is paid to their family be it lump sum, regular monthly income, or increasing income.
Suicidal Exclusion: The iProtect Smart Plus Term Plan does not cover deaths due to suicide. In case the policyholder dies due to suicide within the first 12 months of policy purchase no death benefits are paid to their family. Either 80% of the premiums paid to date or the surrender value of the policy is provided to their family.
iProtect Smart Plus Term Plan is an exclusive term insurance plan for perfect for every individual. It offers various benefits to the policyholders including choice of policy tenure, premium break benefit, discounts, option to change the premium payment term, and a lot more.
If you are confused about whether this plan is right for you or not, you can contact us at PolicyX.com. One of our insurance experts will help you choose a plan that best suits your requirements.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice.
iProtect Smart Plus Term Plan is an exclusive term insurance plan for perfect for every individual.
The 12 most-asked questions about ICICI Pru iProtect Smart Plus, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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