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Life is definitely uncertain. And, if you are the only breadwinner, you surely cannot take any chances with your breaths. After all, you wouldn’t want your family to suffer from major financial losses if you pass away unexpectedly.
In such a situation, having a term Life Insurance plan that covers the risk of premature death or sudden disability can compensate your family with a specific corpus, enough to help them meet their Financial goals and monthly expenses.
One of the leading names in the Industry, ICICI Prudential Life Insurance has come up with specific term plans. Let’s explore these ICICI term plans and find out which one would be appropriate for you.
This ICICI Term Insurance is one of the comprehensive plans that allow a variety of coverage options. Basically, this iProtect Smart covers four different options, such as Life, Life Plus, Life & Health and All-in-One. With this smart plan, you can easily secure your family against health-related and life contingencies. Along with that, you can also acquire a death cover of up to 2 crores with this specific plan.
Eligibility Criteria | Requirements |
---|---|
Age Factor | 18 – 65 years |
Term of the plan | 5 – 99 years |
Premium payment mode | Monthly, half-yearly, yearly and single |
Sum insured | Subjected to the premium |
Minimum premium paid | Rs. 2400 (excluding all the Taxes) |
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Being an authentic ICICI term insurance plan, this one offers adequate death benefit; thus, ensuring comfort and financial stability for your family during your absence. Under this plan, you can find two different coverage options. The first one offers a sum assured on death. And the second one is an inbuilt accidental benefit rider that pays an extra assured sum in case of sudden accidental death.
Eligibility Criteria | Requirements |
---|---|
Age factor | 18 – 65 years |
Term of the plan | 5 – 67 years |
Premium payment mode | One time pay, regular pay |
Sum insured | Unlimited |
Minimum premium paid | Rs. 2400 (minimum) |
This ICICI Pru term plan is a specific and unique term policy that provides insurance to even those who are fighting with a pre-diagnosed illness, such as hypertension, diabetes, and more. Along with that, this one is also suitable for those who have undergone critical surgeries, including open-heart surgery. Under this plan, you can find two options, such as Life and Life Plus.
Eligibility Criteria | Requirements |
---|---|
Age factor | 18 – 65 years |
Term of the plan | 5 – 40 years |
Premium payment mode | Single, limited and regular pay |
Sum insured | Rs. 2 lakhs - Unlimited |
Minimum premium paid | Rs. 2400 (minimum) |
This ICICI Bank term plan is a short-term insurance policy that can be availed for a specific duration. Despite its lesser tenure, it offers adequate amount to cover the financial security of your family. In case the policyholder passes away, this policy offers 105% of the total paid premium, 10 times of the annual premium or the higher of the assured sum is paid.
Eligibility Criteria | Requirements |
---|---|
Age factor | 18 – 60 years |
Term of the plan | 5 years |
Premium payment mode | Equal to the policy term |
Sum insured | Rs. 50 thousand - 5 lakhs |
Minimum premium paid | Rs. 50,000 (minimum) |
Under this ICICI iProtect term plan, you can avail two different options. The first one is known as Life and provides sum assured if the insured passes away during the tenure. The second one is known as Life Plus that provides an Accidental Death Benefit Rider along with the policy.
Eligibility Criteria | Requirements |
---|---|
Age factor | 18 – 60 years |
Term of the plan | 5– 65 years |
Premium payment mode | Limited, single and regular pay |
Sum insured | Unlimited |
Minimum premium paid | Rs. 2400 (minimum) |
Out of all, this ICICI prudential term plan is easiest to avail. You wouldn’t have to undergo any medical examination to avail this insurance plan. Thus, it is appropriate to cover monthly financial requirements of your dependents in case you are not there.
Eligibility Criteria | Requirements |
---|---|
Age factor | 18 – 60 years |
Term of the plan | 5 years |
Premium payment mode | Monthly, half-yearly and yearly |
Sum insured | Rs. 50,000 – 5 lakhs |
Minimum premium paid | Rs. 50,000 (minimum) |
Now that you are aware of all the ICICI term plans, you can go ahead and make a pick. However, while availing the policy, you’d have to submit a few documents. Following are the ones you need to keep handy:
If you wish to make a death claim with ICICI, following are some of the documents that you would have to carry along to quicken the process for the same:
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