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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.
iProtect Super Term Plan by ICICI Prudential Life Insurance is an exclusive term insurance plan for self-employed individuals or business owners. This is a pure protection plan that offers financial protection to your loved ones against the uncertainties of life. You have the flexibility to choose from two plan options - Limited Pay and Regular Pay as per your financial requirements. In case of any uncertainty or emergency, you have the option to take a premium break for up to 12 months.
iProtect Super Term Plan offers a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the ICICI Pru iProtect Super Term Plan works with a simple premium illustration.
Mr Verma a 35-year-old businessman 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 iProtect Super Term Plan.
Mr Verma bought the ICICI Prudential iProtect Super Term Plan from PolicyX.com. Let’s understand how ICICI Pru iProtect Super Term 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 |
| 35 years | Rs 50,257 | 40 years | 10 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.
You can avail the following rider with ICICI Prudential iProtect Super Term Plan:
This rider offers an additional sum assured in case the policyholder met with accidental death/ total or permanent disability due to an accident.
Key features that make ICICI Pru iProtect Super Term stand out.
Premium Break Option
You have the option to skip your premiums for 12 months in case of emergency or unforeseen situations. Your life cover will continue and you have to pay the skipped premiums next year.
Flexible Policy Tenure
This plan offers the flexibility to choose the policy tenure that best suits your financial needs and future goals.
Choice of Premium Payment
You can choose to pay your policy premiums either for the entire policy tenure or for a limited term of 5, 7, 10, or 15 years.
Smart Exit Benefit
This plan provides policyholders with an option to cancel the policy and receive Smart Exit benefits equal to the total premiums paid with certain conditions.
Here are the key benefits of the ICICI Pru iProtect Super Term.
There are two plan options available with the iProtect Super Term Plan:
| Plan Options | Benefits |
| Limited Pay | This plan variant allows policyholders to pay policy premiums for a limited tenure including 5,7,10, or 15 years. |
| Regular Pay | Under this plan variant, the policyholder pays the premiums for the entire policy tenure chosen by them. |
Death Benefits
ICICI Pru iProtect Super Term Plan offers death benefits to the nominee in case of the policyholder’s unfortunate death during the policy tenure.
Additional Coverage
This plan offers policyholders additional coverage against accidental death/ total or permanent disability due to the accident.
Loyalty Discounts
You can avail of loyalty discounts of 7% on the first-year premiums if you are an existing customer of the ICICI Prudential Life Insurance.
Premium Discount forFemale Policyholders
This plan provides a 15% lifetime premium discount to female policyholders making it a more affordable option for them.
Suicidal Exclusion: The iProtect Super 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.
ICICI Prudential iProtect Super is an exclusive term insurance plan for self-employed individuals keeping their needs in mind. It offers various benefits to the policyholders including choice of policy tenure, smart exit benefit, loyalty discounts, premium break option, choice of death benefit payout, 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.
ICICI Prudential iProtect Super is an exclusive term insurance plan for self-employed individuals ke
The 6 most-asked questions about ICICI Pru iProtect Super Term, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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