ICICI Prudential Term Insurance Plan

1. ICICI Pru iProtect Option I: Death benefit is equal to the Sum Assured
2. ICICI Pru iProtect Option II: Additional death benefit is equal to the base Sum Assured or Rs. 5,000,000, whichever is lower.

Eligibility Criteria

1. Minimum age at entry: 20 years
2. Maximum age at entry: 65 years

Documentation

1. Age Proof: Driving license, school/ college certificate, passport, birth certificate
2. Identity Proof: PAN Card, Voters card, Aadhar Card
3. Address Proof: Telephone bill, bank a/c statement
4. Income Proof: IT returns

Features and benefits of PRU iProtect Term Insurance Plan

Tax Benefits

Premium paid under the plan will be eligible for tax benefit under section 80C of the Income Tax Act, 1961.

ICICI PRU iCare II Term Insurance Plan

An online plan, PRU ICare II offers high insurance cover at affordable premiums for the benefit of customers. Under this plan,death benefit is payable if the life insured dies within the policy term. The plan has two options. Under option I, death benefit is equal to the Sum Assured. As per option II, an additional death benefit equal to Sum Assured chosen by the customer or Rs. 50 lakhs, whichever is lower, is payable (regular pay).

Eligibility Criteria

1. Minimum age at entry: 18 years
2. Maximum age at entry: 60 years
3. Maximum Age at Maturity: 65 years

Documentation Required

1. Age Proof: Passport, birth certificate
2. Identity Proof: Voters card, Aadhar Card
3. Address Proof: Telephone bill, electricity bill, bank account statement
4. Income Proof: PAN Card, IT returns

Features and benefits of PRU iCare II Term Insurance Plan

Tax Benefits

Premium paid towards the policy will be eligible for tax benefits u/s 80C of the Income Tax Act, 1961.

ICICI Prudential Loan Protect

This is a non-participating term to members who have taken a mortgage or auto loan from a bank or other financial institutions.

Key features and benefits

1. Minimum sum assured of Rs.5 lakhs.
2. Flexible policy tenure ranging from 5 to 30 years.
3. Pay single premium or annually for 5 years.
4. Fixed and reducing cover options available.
5. Tax benefits as per relevant sections of the Income Tax Act, 1961.

ICICI Prudential Sarv Jana Suraksha

This is a micro insurance plan meant for the rural populace. The plan aims to provide financial security to your family when you are gone. This is an affordable plan that offers a decent sum assured.

Key features and benefits

1. Sum assured paid out as death benefit.
2. Annual premium payment.
3. 5 years fixed policy term.
4. Minimum sum assured of Rs.5,000 and maximum of Rs.50,000.
5. Tax benefits as per relevant sections of the Income Tax Act, 1961.

ICICI Prudential Life Raksha

This is a pure term plan that offers high sum assured at affordable premiums. This is meant for individuals only.

Key features and benefits

1. Fixed policy term of 5 years.
2. Sum assured paid out as death benefit.
3. Minimum sum assured of Rs.50,000.
4. Maximum sum assured of Rs.5 lakhs.
5. Monthly, half-yearly and yearly premium payment modes available.
6. Income tax benefits as per relevant sections of the Income Tax Act, 1961.

ICICI Prudential Loan Protect Plus

that helps ensure that your family doesn’t inherit the added financial burden of clear outstanding loans borrowed by you after you are gone. The plan is available for individuals who have taken a loan from a financial institution.

Key features and benefits

1. Minimum sum assured of Rs.5 lakhs.
2. Death benefit and death benefit with accidental death rider options available.
3. Fixed or reducing cover options.
4. Pay single premium or regular premium for 5 years.
5. Flexible policy tenures in line with your loan repayment tenure.

How To Claim ICICI Prudential Term Insurance?

1. ProcessCustomers can fill out the claim initiation form online and submit it, following which, the bank will provide a claim id. Customers can check the progress of their claim settlement with the help of the claim id.
2. Documents required
   1. Claimant's form
   2. Original policy certificate
   3. Death certificate (copy)
   4. Claimant's photo identification proof
   5. Address proof
   6. In case of an accidental death, the following documents need to be produced to make a death claim.
   7. FIR copy
   8. Driving license If the insured was driving at the time of the accident

ICICI Prudential Term Insurance Exclusions

No death benefit is payable in cases of death by suicide in the first policy year, or within a year from the date of reinstatement. If the Life Assured (sane or insane) ends life, within one year of increasing the Sum Assured, the amount (increased Sum Assured) will not be considered for the calculation of the Death Benefit.

Why choose ICICI Prudential term insurance plans?

For the financial year, 2014-15, ICICI Prudential's claim settlement ratio stood at 94.10%. ICICI has a hassle free claim process which is transparent as well, since the customers can track the progress of their claims. offers term insurance plans which can be easily purchased online without agent intervention at affordable costs. The insurance plans are offered with high non-medical limits. Some of the other attractive features of the plans include accidental death benefit rider where additional sum assured is paid to the nominee in case of death due to accident.