This document summarizes the key features of the ICICI Pru iProtect Smart life insurance policy. It provides:
1) Life insurance coverage and coverage for terminal illness.
2) A waiver of future premium payments in the event of a permanent disability due to an accident.
3) Benefits include a life insurance payout of Rs. 50 lakhs or Rs. 10 crores upon death or terminal illness, and a waiver of future premiums if permanently disabled in an accident.
This document summarizes the key features of the ICICI Pru iProtect Smart life insurance policy. It provides:
1) Life insurance coverage and coverage for terminal illness.
2) A waiver of future premium payments in the event of a permanent disability due to an accident.
3) Benefits include a life insurance payout of Rs. 50 lakhs or Rs. 10 crores upon death or terminal illness, and a waiver of future premiums if permanently disabled in an accident.
This document summarizes the key features of the ICICI Pru iProtect Smart life insurance policy. It provides:
1) Life insurance coverage and coverage for terminal illness.
2) A waiver of future premium payments in the event of a permanent disability due to an accident.
3) Benefits include a life insurance payout of Rs. 50 lakhs or Rs. 10 crores upon death or terminal illness, and a waiver of future premiums if permanently disabled in an accident.
This document summarizes the key features of the ICICI Pru iProtect Smart life insurance policy. It provides:
1) Life insurance coverage and coverage for terminal illness.
2) A waiver of future premium payments in the event of a permanent disability due to an accident.
3) Benefits include a life insurance payout of Rs. 50 lakhs or Rs. 10 crores upon death or terminal illness, and a waiver of future premiums if permanently disabled in an accident.
ICICI Pru iProtect Smart is a plan which is designed to provide a life insurance cover and cover against Terminal Illness. This plan also provides a premium waiver in case of Permanent Disability due to an accident. This document has been designed to help you understand your policy better by explaining some of its features.
What are the benefits of this policy?
The following benefits are available in this policy:
1 Life Insurance Benefit:
In case of death or detection of Terminal illness during the policy term of
10 years, i.e. till Aug 2066 47 , we will pay ` 50,00,000/- 10,00,00,000/- which is the life insurance cover chosen by you. Your insurance amount will be paid as a lump sum as that is the payout option chosen by you.
Permanent Disability Benefit:
If Permanent Disability occurs due to an accident, the future premiums of
the policy will be waived off and the life cover and other benefits of the policy will continue till the end of the policy term.
To initiate the process of receiving the benefit amount, you or your nominee can visit www.iciciprulife.com/insurance-claim.html
What is the premium amount that I need to
2 pay for this plan? You have to pay a premium of ` 20,850/- ____________________ 10,00,000/- every month/ 6____________________ months/ year for 22 10 years. Additional tax and cess (if any) will have to be paid in addition to the premium amount as per prevailing tax laws. What happens if I pay premiums for lesser number of
3 years or I decide to close my policy?
If you stop paying premiums or voluntarily decide to close your policy, your policy benefits will stop.
Terminology Terminal illness: This is a medical condition in which the person is not likely to live for more than 6 months. This condition has to be certified by two doctors. For more details refer Part C Section 1.1 of your Policy Document. Permanent Disability: This is a condition in which the policy holder is not able to permanently perform certain daily activities. For complete details refer Part C Section 1.2 of your Policy document.
Date Of Birth(Age) : 25-Oct-1980 (38 Years) Gender : Male Non-Smoker Product Features
Name of the Product(Unique :ICICI Pru iProtect Smart(105N151V04)
Identification No.) Sum Assured on Death/Terminal : Rs. 5,000,000 Policy Term : 47 years Illness Premium Payment Option : Limited Pay 60-Age Premium Frequency : Yearly Premium Payment Term : 22 years Benefit Option : Life Payout option : Lump-Sum Accidental Death(AD) Benefit : 0 years Period Accidental Death(AD) Benefit : Rs. 0 Critical Illness(CI) Benefit : Rs. 0 Payout Term :- Accelerated Critical Illness : 0 years (ACI) Benefit period Sales Channel : CA, Brokers & Others Waiver of Premium on : All future premiums Permanent Disability(PD) due payable to accident in the policy
Benefit Death/Terminal Accidental Death Critical Illness Total
Illness and Waiver of Benefit Benefit Premium on PD Tax Benefit 80C 80C 80D Instalment Premium Rs. 20850 Rs. 0 Rs. 0 Rs. 20850 Applicable Taxes Rs. 3754 Rs. 0 Rs. 0 Rs. 3754 Total Premium Rs. 24604 Rs. 0 Rs. 0 Rs. 24604 Total installment Rs. 24604 premium payable Total Annual Premium Rs. 20850 Rs. 0 Rs. 0 Rs. 20850 Surrender: No surrenders are allowed in case of Regular Pay and Limited Pay. In case of One Pay, Surrender Value will be calculated as : Surrender Value = Surrender Value Factor X Single Premium
Disclaimers
1. The premium calculated above is based on the data provided by you.
2. The above information must be read in conjunction with the sales brochure and policy document. 3. The above illustration is applicable to a standard life from medical, life style and occupation point of view. 4. ICICI Pru iProtect Smart is only the name of the policy and does not in any way indicate the quality of the policy, its future prospects or returns. 5. In the event of Critical Illness(CI), the Death Benefit is accelerated to the extent of Critical Illness(CI) Benefit paid. Please refer to the policy terms & conditions for complete details. 6. Surrenders are not allowed in case of Regular Pay and Limited Pay policies 7. The Policyholder shall be required to pay Applicable Taxes or any other taxes as per prevailing tax laws. Tax laws are subject to amendments from time to time. 8. Tax benefits would be available as per the prevailing Income Tax laws. 9. Insurance is the subject matter of this solicitation. I ___________________________(Name), having received the information I ___________________________(Name), have explained the with respect to the above,have understood the above illustration before above illustration and the terms and conditions of this product to entering into the contract. the Policyholder.
Place : Company Seal : Date : Place : Date : ICICI Prudential Life Insurance Company Limited. 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025 www.iciciprulife.com
