Iicci Pru
Iicci Pru
Iicci Pru
iProtect Smart
A TERM LIFE
INSURANCE PLAN
THAT FINANCIALLY
PROTECTS YOU
AND
YOUR FAMILY
Illustrated brochure
Introduction 02
Benefits in detail 27
Plan at a glance 36
Contact us 37
Disclaimer 58
01
Introduction
Term life insurance plans provide high cover at affordable price and do not have any
maturity value. These plans cover you for a specific term and protect your wife/husband,
children or other nominees financially when you are not around.
ICICI Pru iProtect Smart is more than a term plan that protect you and your loved ones. It
also has an option to provide health cover against 34 critical illnesses. The claim for this
protection is paid on first diagnosis itself without any hospital bills^. This plan also has an
option to provide accidental death cover up to `2Cr+.
This illustrated brochure helps you in selecting the right policy for you. It also provides
comprehensive information about iProtect Smart, Buying iProtect Smart online and easy
claim process of ICICI Prudential Life.
BACK
02
Did you know these 7 things about our Term Plan?
Since its launch ICICI Pru iProtect Smart has become our top3 selling plan online. It is one of
the first term plans in the industry that offered claim payment on diagnosis of any of 34
Critical Illnesses. Immediately this benefit became popular among consumers with~ 1 in 3
customers opting for this benefit. Not just this, in 2016, in a customer survey of more than
7000 people our term plan was awarded ‘Product of the Year’ in the Life Insurance industry4.
These 7 benefits not just give you and your family more protection but more value. Let’s see
how:
BACK
03
4: It gives four pay out options
Sometimes you may make lumpsum payments, such as for your child’s education and
sometimes you just need monthly income, say for Home loan EMIs. Give your nominees
the choice to receive insurance money, as per their needs through newly launched
Lumpsum+Regular Income payout option of ICICI Pru iProtect Smart.
7: It gives you option to buy this policy online under MWP Act
Last thing you want after buying a term plan is insurance money not given to your near
ones, like to your wife or children. Your relatives /creditors may wrongfully claim the
insurance amount. You have the option to protect it with us, by buying our online term plan
ICICI Pru iProtect Smart under Married Women’s Protection Act (MWP Act). This will help in
the payment of full life insurance claim amount to your wife and/or children. Removing that
last line of worry from your head5.
BACK
04
How to choose a term plan?
Ashish Trehan, 30 years old, has been searching for a good term plan ever since his child is
born. He researches online but gets confused to see so many term plan options. To help
many others like Ashish, we are mentioning some important points to consider when
selecting a term plan:
1: Brand Strength
It means how strong the brand is and how likely it is to make a payment in case a claim is
made. It can be decided by knowing the Claim settlement ratio, Asset under management,
year of establishment and solvency ratio of a brand.
2: Added Benefits
One must also look at added benefits that come with a term plan for eg: terminal illness
cover or waiver of premium due to disability.
4: Budget
If budget is a problem, one could go for a plan that provides monthly premium payment
option over a yearly commitment. But it is most important to consider above points to buy
the right term plan.
BACK
05
How to decide the right life cover?
One of the most important things is to decide the right life cover for an individual.
The life cover depends on Your Current Annual Income
We recommend that a life cover equivalent to 10-15 times your annual income is sufficient
to provide for a safe future to your dependents.
For eg:
Also we strongly recommend that you take the life cover of the exact value suited to your
annual income instead of rounding it off to the nearest even number.
For eg:
If your salary is `5 Lakh 20 thousand then we recommend that you take a Life Cover of
`52 Lakhs and not round it off to `50 Lakh. The difference of `2 lakh will be very critical for
your family in your absence.
1. iProtect Smart comes with an additional feature to increase your life cover at key milestones
tip like wedding and birth/legal adoption of 1st and 2nd child, without any medicals. This is
applicable for regular pay option. To know more, please see detailed benefits section of this
brochure.
2. Ideal Life Cover is the total recommended life cover for an individual against the annual
income.
BACK
06
How to decide the right policy term
We recommend one should ideally have a term life cover till retirement because mostly
people do not have
dependents after retirement. Also, longer life cover increases premium. In case you have
some loans or liabilities which will continue even after your retirement. You may choose
your life cover accordingly.
Eg: If your current age is 30 and you expect to retire at the age of 60, you should opt for a
term life cover of 30 years.
Therefore,
Ideal Policy Term = Your Expected Retirement Age – Your Current Age
OR
tip ICICI Pru iProtect Smart offers life cover till 75 years of age, even if you are just 30 years old.
BACK
07
Key Benefits of iProtect Smart
iProtect Smart benefits are designed to provide complete protection to you and your family.
AGE
Sr. No. LIFE COVER Max. POLICY TERM ANNUAL PREMIUM
(yrs)
01 30 `50 Lacs 45 Years `6,713
02 30 `1 Crore 45 Years `12,284
03 35 `50 Lacs 40 Years `8,135
04 35 `1 Crore 40 Years `14,924
tip The critical illness benefit pays claim amount on first diagnosis of any of the 34 critical illnesses. It
means that just a photo copy of diagnosis report is needed and no hospital bills are required to
initiate the claim.
It is a popular benefit amongst our term plan buyers~. 1 in 3 people buy ICICI Pru iProtect Smart
with Critical illness benefit.
contd.
BACK
08
3: Four flexible payout options
a. Lumpsum
It is the~ most preferred option online
b. Monthly Income
It is the most economical option
c. Increasing Income
It gives 45% more life cover
tip At any time, your beneficiary will have the option to convert all or some of his monthly income
into a lump sum.
09
Tips to Buy iProtect Smart Online easily
Buying iProtect Smart online is simple and can be finished in 10 mins6. You can buy online
from us by:
1. Visiting our website www.iciciprulife.com or Click here
You can also request for support to buy online with any of these options.
1. On our calculator page, click on get a call back option.
2. Send an email to us on buyonline@iciciprulife.com
3. Give us a missed call on 18003157751
4. Call our national service 18602667766 and choose option 5
BACK
10
Steps to buy iProtect Smart online
Once you come to our calculator page to calculate your premium, follow these instructions:
Step 1:
Enter your life cover amount, date of birth and select gender and tobacco consumption.
Select Life cover which is most relevant to you. Don’t select a round figure like `50 Lakh or `1Cr.
tip Every single rupee is critical for your family in your absence.
Step 2:
Enter your Name, mobile number and email ID.
Step 3:
Select the Life cover option and payout option
Step 4:
Click on continue
1. Before clicking on continue, double check your DOB, Life Cover, Gender and Tobacco
tip declaration. If you click on continue, these elements are fixed and non-editable.
2. Select tobacco consumption as “No” if you have not consumed tobacco in the last five
years.
3. You may also uncheck call back option if you do not wish to receive a call from us.
BACK
11
Application form process
1. Note down the 10-digit alphanumeric application number (OB12345678) that is generated
tip on the screen.
2. You can resume your online application form in two ways in our App Tracker.
a. App no. and Date of Birth
b. Mobile no. Date Of Birth
3. Please keep your PAN number and KYC documents handy for easier form filling. Click here
to know List of applicable documents.
4. Please note that Sum Assured/Life cover, Date Of Birth, Gender and Tobacco consumption
are non-editable later in the application process as the Application No. is generated based on
these inputs. If you wish to make any changes, start again.
Basic Details
Name
You have the option to re-enter your name in the fields given.
Please enter your name as per your ID Proof. If you have a middle name for
tip eg: Ram Kripal Yadav. Enter Ram in the First name field and Kripal Yadav in the Last name field
Marital Status
contd.
Select your Marital Status from the drop down list.
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12
tip If you have filed for a divorce and not legally divorced yet, please select married.
Educational Qualifications
1. Select Post Graduate if you have completed a degree or diploma after your graduation.
eg: M.Tech / M.B.A.
2. Select Graduate if you have completed a Bachelor’s degree
eg: B.Tech / B.A.
3. Select Diploma if you have completed a professional diploma course after Senior
Secondary (10+2)
4. Select 10 th or 12 th if you have completed Senior Secondary (SSC) or High Secondary
(HSC) respectively.
5. Select Below 10 th if you have completed any standard below High School.
Occupational
1. Select Salaried if you are a permanent employee of an organisation on its payroll and not
on contract basis.
2. Select Agriculturalist if you belong to any act of soil cultivation (Cultivator, farmer etc)
3. Select Professional if you are a certified professional and practice the same profession
independently like doctor, CA, Lawyer etc.
If you fall under professional and your profession is not mentioned in the drop down. Please
tip select ‘others’ and describe your profession.
5. Select Retired if you have retired from a job and not working anywhere.
6. Select Student if you are enrolled in a full-time course.
7. Select Others if you do not belong to any of the above occupation and give a brief
description of your occupation in the Occupation Description box.
For eg:Supervisor, Commission agent, contract worker etc
13
Organisation Details
Select the name of your organisation from the drop down
Organisation names are updated periodically. If your organisation name is not mentioned
tip in the drop down, select “others” and enter the name of your organisation along with
organisation type.
Organisation Type
1. Select Public Limited if the company is listed in stock exchange like Infosys Ltd
2. Select Government if you are in a state or central government run organisations like
Indian railways
Select Public Limited for government organisations which are listed in stock exchange
tip eg: NTPC, ONGC
3. Select Private Limited by checking on the company documents for the full name of the
organisation, usually private limited companies use abbreviation like Pvt. Ltd. after their
names.
4. Select Proprietor of the Company is run by a single owner, usually nascent start-ups, and
very small organisations.
5. Select Trust If you are working for a non-profit organisation, an educational institution, or
a non-profit healthcare organisation.
6. Select Partnership if it is a partnership firm.
7. Select Society, if it is a group that is formed for a specific purpose, for example Residents
Welfare Society.
8. Select Hindu Undivided Family If you belong to or working for Hindu Undivided Family.
It is a class of business being run on an inherited property by a member of the family.
contd.
14
Use case 2: Mr Kamal Kishore Mishra, an accountant in Madhur residential building.
tip He will fill up his details as follows:
Occupation: Other
Occupation description: Accountant
Organisation name: Others,
Organisation name description: Madhur Cooperative Hsg society
Organisation type: Society
Trade
1. If you are employed in export, jewellery, real estate, scrap dealing, shipping, stock
broking or agriculture, select Yes.
2. If you selected yes for ‘Point No. 1’ you need to select your activity type from the drop
down list.
tip Select import/export if you or your company is involved in import or exports of goods
tip Aadhaar Card can be used as a valid Age, Identity and Address Proof
Policy Objective
1. Select the objective of buying a policy from drop down.
2. Select “Protection” for iProtect Smart.
contd.
15
Age Proof
Click here to refer eligible age proofs and upload the same
Aadhaar card, Passport and Driving License are commonly used age proofs, which are also used
tip as ID and address proofs.
Annual Income
For total annual income field, enter the amount that is mentioned in your income proof.
Use case1: If you are salaried and you have received a bonus in this financial year, please
tip enter following amounts:
a. Total of annual salary + bonus, if your income proof is salary slips(last 3 months) and
Bonus is a part of those slips
b. Total annual salary, if your income proof is salary slips(last 3 months) and bonus is not a
part of those salary slips
c. Total annual salary of last year, if your income proof is previous years ITR/ Form 16
Use Case 2: If you have recently got a hike or moved to a different company with a hike,
please enter following amounts
d. New annual salary, if your income proof is last 3 months salary slips with the new salary
e. New annual salary, if your income proof is your appointment letter and you are less than
3 months old in the new organisation
f. Old annual salary, if your income proof does not reflect updated salary
Politically Exposed
Select Politically Exposed person, If you are an individual or a relative of an individual who
is or have been entrusted with prominent public functions in a foreign country, e.g., Heads of
states or of Governments, senior politicians, senior government/judicial/military officers,
senior executives of state -owned corporations, important political party officials etc.
EIA
Enter Electronic Insurance Account (EIA) if you already have an EIA account.
EIA is a free of cost repository which keeps all your policies in electronic form. If you do not have
tip an EIA: from the drop down select one of the options to apply or select not interested.
contd.
16
Nominee Details
Enter Nominee name/ gender / relation and date of birth
1. If your nominee is a minor (less than 18 years old), you will have to enter the details of
tip an appointee who will be authorised to act on behalf of the nominee, till your nominee is
legally 18 years old. The Appointee must be atleast 18 years old.
2. Ensure correct details of the nominee or appointee are entered. This will help in easier claim
process.
Communication Details
1. Please enter details as per your address proof
2. Enter your permanent address, if it is different than your communication address.
3. Please verify your mobile number and email address
1. This is required for all future communication with you. In case you stay on rent and you move
tip out to a different place, you can always change the communication address later through
various service options available on our website.
2. Keep the above mobile phone handy with you, it is required to verify the process at the end of
the application form with OTP. contd.
17
Health Details
Please go through this in advance, it helps in quick selection during application form filling
tip and select ”No”, if none is applicable
18
g. Chest Pain/Heart Attack/any other heart disease or problem
h. Undergone angioplasty, bypass surgery, heart surgery
i. Diabetes/High Blood Sugar/Sugar in Urine
j. Asthma, Tuberculosis or any other respiratory disorder
k. Nervous disorders/stroke/paralysis/epilepsy
l. Any Gastrointestinal disorders like Pancreatitis, Colitis etc.
m. Liver disorders/Jaundice/Hepatitis B or C
n. Genitourinary disorders related to kidney, prostate, urinary system
o. Cancer, Tumor, Growth or Cyst of any Kind
p. HIV infection AIDS or positive test for HIV
q. Any blood disorders like Anemia, Thalassemia etc
r. Psychiatric or mental disorders
s. Any other disorder not mentioned above
If you have suffered with any of the above mentioned in the past, please mention the year in
tip which it had happened in the remarks field below the health questions. If required, Mail those
reports to buyonline@iciciprulife.com For faster issuance, if you have done a medical
examination in the last 1 year from the date of the policy purchase, please share the same with us
on buyonline@iciciprulife.com
6. Is your occupation associated with any specific hazard or do you take part in activities or
have hobbies that could be dangerous in any way ? (eg - occupation - Chemical factory,
mines, explosives, radiation, corrosive chemicals j - aviation other than as a fare paying
passenger, diving, mountaineering, any form of racing, etc )
7. Are you employed in the armed, para military or police forces? (If yes, please provide
Rank, Department/Division, Date of last medical & category after medical exam)?
8. Family details of the life assured(include parents/sibling) Are any of your family members
suffering from /have suffered from/have died of heart disease, Diabetes Mellitus, cancer or
any other hereditary/familial disorder, before 55 years of age. if yes please provide details
below?
9. Have you lost weight of 10 kgs or more in the last six months?
10. Do you have any congenital defect/abnormality/physical deformity/handicap? two years?
11. Have you undergone or been advised to undergo any tests/investigations or any
surgery or hospitalized for observation or treatment in the past?
19
12. Did you have any ailment/injury/accident requiring treatment/medication for more than a
week or have you availed leave for more than 5 days on medical grounds in the last two
years?
If any of the above is applicable to you, please mention brief details in remarks field below the
tip health questions
OTP
Verify with one time password that is sent to your mobile number given in the application
form.
1. OTP verification is mandatory for Policy issuance as per IRDAI.
tip 2. If you skip this here, it comes two more times in your buying journey
REVIEW
1. You can review the entire application form and edit application details if required.
2. Tick on the declaration mentioned at the end of the review to continue with payment.
Please review and edit details here, you will not be able edit information if you move to the
tip payment page
Premium Payment
SOURCE OF FUNDS
Select source of funds as applicable
If you do not fall in any of the options mentioned in the drop down. Select others and give
tip a description.
For eg: If you are a freelance writer, select others and mention freelance writing remuneration.
If you fall in more than one category, select the ones as per your income proof.
If the payer is other than the policy holder, please keep a third party declaration (only
acceptable third parties as per the company policy/process note) in the format mentioned
and also submit payers KYC contd.
20
2. You can choose to pay from various available options
a. Credit Card
b. Debit card
c. Net banking
d. Wallet
1.In case of Credit card, tick on the set up standing instructions options. This will ensure that
tip your premiums are paid on time and your policy stays inforce/active.
2.Wallet option for payment is not available for monthly premium payment.
Submit documents
contd.
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21
Age & Address proof (Any one)
1. Current Passport
2. Current Driving License
3. Aadhar card with photo and address (12 digit UID number)
If you submit ANY ONE amongst the above 3 documents, you will not have to submit any
tip additional document for Age • ID • Address proof.
Income Proof
1. Income Tax returns (ITR’s) for last 3 assessment years duly filed with the IT department.
2. Form 16 of latest assessment year.
3. Salary slips of the last 3 months.
4. Individual Audited Profit and Loss account, Balance Sheet of last 3 assessment years.
5. Last 3 months bank statement reflecting regular salary credits
6. Latest salary certificate from the employer on the letter head signed by authorized
signatory
If you do not have any of the above and want to know list of alternate documents, Click Here
If any document is password protected please share the password aswell. Please share the same
tip on email to buy buyonline@iciciprulife.com
Use case1: If you are salaried and you have received a bonus in this financial year, please
enter following amounts:
a. Total of annual salary + bonus, if your income proof is salary slips(last 3 months) and
Bonus is a part of those slips
b. Total annual salary, if your income proof is salary slips(last 3 months) and bonus is not a
part of those salary slips
c. Total annual salary of last year, if your income proof is previous years ITR/ Form 16
Use Case 2: If you have recently got a hike or moved to a different company with a hike,
please enter following amounts
d. New annual salary, if your income proof is last 3 months salary slips with the new salary
e. New annual salary, if your income proof is your appointment letter and you are less than
3 months old in the new organisation
f. Old annual salary, if your income proof does not reflect updated salary
22
Things to do for Faster Issuance
Home Visit: In this option, a medical practitioner will visit your place to carry out some
basic tests. You can choose the date and time of examination as per your convenience.
Medical center visit: In this option, you will have to visit a medical center basis your pin
code or in case of tests which require medical center visit like X ray, TMT (Treadmill test)
etc. You can choose the date and time of examination as per your convenience.
Issuance
Policy Issuance usually takes 7 days post medical test and successful submission of all
documents. In case of non-policy issuance due to ineligibility, one of the following offers
would be made to you:
XRT: Revised premium
Counter Offer: Revised life cover or revised policy term
Postpone: Eligible to buy policy after 6 months
Decline: Policy cannot be given
1. In case, policy issuance is taking time, you can track the status of your policy on
tip our website
2. In case your policy request is declined, payment will be reversed in 15 working days.
BACK
23
Easy Claim Process at ICICI Prudential Life
tip 1. Policy number is very important for the claim process. Please share the policy number with
your nominee.
2. Intimation will be considered formal only after a written communication is submitted at any of
our branch or to our claim care centre mentioned in point no 6 above.
Stage 2: Submit the form along with mandatory documents listed below at any of our
branch or courier it central claim care centre.
contd.
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List of documents
Mandatory Documents
1. Copy of FIR/ Panchnama/ Inquest Report & Post Mortem Report for accidental death &
suicide cases
2. Copy of Driving License if Life Assured was driving the vehicle at the time of accident
(Applicable if ‘Accident and Disability Benefit Rider’ is opted)
If you have taken Accidental death benefit. Please share a copy of your driving license with your
tip nominee/appointee.
25
For Critical illness claims/ terminal illness/ disability
contd.
26
Detailed benefits of iProtect Smart
Added benefit
This benefit comes with all policy options
In this benefit, if the life assured is diagnosed with a terminal illness like AIDS, full/ entire life
cover will be paid to the nominee/legal heir immediately.
1 2 3 6
Use Case: Saurab was a 30 years old software engineer. He had bought iProtect Smart with a life cover of
`1 Cr. Six years later he was diagnosed with a terminal illness. He was paid his entire life cover amount. He
paid all his dues before his death (including his huge home loan) and did not leave back any financial liabilities
on his family.
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27
Added benefit
This benefit comes with all policy options
In this benefit, in case of permanent disability due to an accident, all future premiums will be
borne by the company and the life cover stays intact.
1 2 3 6
Use Case: Mr. Verma was 36 years old sales manager in an IT firm. He had bought iProtect Smart with a life
cover of `2 Cr and was paying a premium of `23,541 p.a. Due to an unfortunate accident one day, he was not
able to move, climb or bend. The company waived off all his future premiums and the life insurance cover
stayed inforce till the policy term.
28
Critical illness benefit (optional)
In this benefit, If the life assured is diagnosed with any one of the 34 critical illnesses covered, the life
assured will be paid the critical illness benefit amount immediately at the first diagnosis stage without
any hospital bills. Which means only a scanned copy of the diagnosis report is enough to raise the
claim. Also, even if the expense incurred by the policy holder may be lesser, total critical illness
benefit amount will be paid to the policy holder. Not just this, the premium under the critical illness
benefit remains the same throughout the policy term. Once the claim for critical illness is paid out, the
life insurance cover minus the critical illness cover stays in force with reduced premium. You can opt
for this health benefit under life & health or All in one plan options.
1 in 3 people buy ICICI Pru iProtect Smart with Critical illness benefit.~
tip (Life & Health Option or All in one option)
iProt
ec
Diagnosed with
`1,00 t Smart Cervical Cancer
,00,0
00
Received
CI Be lumpsum `25,00,000.
`25,0 nefit
0,00
0
Prem
ium
`15,3
34
`75,00,000 life cover
remains intact with reduced
premium `6,932 p.a.
1 2 8 9 19 20
Use Case: Priya is a 32 years old marketing consultant. She has availed a loan for buying a house. Realising
the need for protection in her fast-paced life, Priya wants to be well prepared for unforeseen circumstances in
life. ICICI Pru iProtect Smart provides the perfect solution for her needs. Priya takes ICICI Pru iProtect Smart
with a base cover of `1 Crore and a CI Benefit of `25 lakh. She pays an annual premium of `15,334. At 40, Priya
is diagnosed with Cervical cancer. `25 lakh is paid as a lump sum and the Policy continues with reduced Sum
Assured of `75 lakh. The subsequent premiums are proportionately reduced to `6,932 p.a. At 52, On Priya’s
unfortunate death, her nominee gets lump sum death benefit of `75 lakh and the Policy terminates.
29
List of Critical Illnesses
Cancer of specified severity Cancer
Angioplasty*
Cardiomyopathy
Blindness
Apallic Syndrome
Brain Surgery
30
List of Critical Illnesses
Major Head Trauma
Alzheimer’s disease
Muscular Dystrophy
Parkinson’s disease
Poliomyelitis
Loss of Limbs
Deafness
Major Burns
Aplastic Anaemia
31
Accidental death benefit (optional)
In this benefit, if the death of the life assured happens due to an accident, nominee/ legal heir will be
paid extra amount. You can add accidental cover of your choice during purchase or, even after the
purchase. Maximum accident cover available with this benefit is `2 crore. You can opt for this benefit
under life plus or All in one plan options.
Accidental
iProt
ect S Death Benefit received
`1,00 mart `2,00,00,000
,00,0 Met with an Accident
00
1 2 3 4
Use Case: Ravi was a 34 years old sales professional. He bought `1 crore life cover iProtect Smart with `1 crore
accidental death benefit. At 37, he unfortunately passed away in an accident. Company paid `2 crore to his
nominee.
32
Death benefit payout
Lump sum
The entire benefit amount is payable as a lump sum.
Regular Income
10% of the benefit amount is payable every year for 10 years. This will be paid in equal monthly
instalments in advance at the rate of 0.8333% of total benefit amount. The beneficiary can also
advance the first year’s income as lumpsum. The monthly income will start from the subsequent
month for 9 years at the rate of 0.80% of the total benefit amount.
Eg: In case of `1.2 Cr. Life cover, nominee will receive `12 Lakh every year (`1 Lakh per month) for 10 years.
At any time, your beneficiary will have the option to convert all or some of his monthly income
tip into a lump sum.
33
Increasing Income
The benefit amount is payable in monthly installments for 10 years starting with 10% of the benefit
amount per annum in the first year. The income amount will increased by 10% per annum simple
interest every year thereafter
Eg: In case of `1.2 Cr. Life cover, nominee will receive payout as under
34
Enhanced protection for Life stage change
You can increase your life cover in case you get married or if there is a birth/ legal adoption for
1st and 2nd child without any medicals.
Additional premium will be calculated based on the increased Sum Assured and outstanding policy term.
This feature is available for all plan options under regular premium payment option.
tip Unmarried parent can also avail this option in case of legal adoption of a child.
With ICICI Pru iProtect Smart, along with tax benefits under section 80C for premium, you can save
tax under section 80D if you opt for critical illness benefit option. Death benefit is also tax free under
section 10(10D).
tip Benefit paid to the life assured under critical illness benefit is also Tax Free under section 10(10D).
35
Plan at a Glance
Minimum / Maximum
18 / 65 years
age at entry
Minimum : `1,00,000
Accidental Death Benefit
Maximum : As per the Company policy
Minimum : `1,00,000
Critical Illness Benefit (CI)
Maximum : As per the Company policy
BACK
36
Contact Us
1. Click here
2. Visit our website www.iciciprulife.com
3. Email us at buyonline@iciciprulife.com
4. Call our national service 18602667766
BACK
37
Terms and Conditions
Surrender
Surrender value is applicable only for Single Pay policies. You can surrender your policy and get
the surrender benefit as stated below from year 1.
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38
Life stage protection
On exercising the option, the policyholder will have to pay an additional premium for the
additional Sum Assured for the outstanding term of the policy based on his then age. Hence the
future premium payable by the policyholder on exercising this option will be the sum of original
premium and additional premium. No fee is chargeable for this option. This feature is available
only with Regular premium payment option. Such increase in sum assured is only applicable to
base death benefit. The ACI Sum Assured and ADB Sum Assured will remain unchanged.
Premium will be recalculated based on the increased Death Sum Assured and outstanding policy
term. This is subject to:
1. Minimum policy term (which is 5 years) available at the time of the exercising this feature.
2. The Life Assured being less than 50 years of age at the time of the event.
Such increase needs to be exercised within 6 months of the event and will be effective from the
next policy anniversary. The additional premium will also be payable from next policy anniversary.
Terminal Illness
A Life Assured shall be regarded as Terminally Ill only if that Life Assured is diagnosed as suffering
from a condition which, in the opinion of two independent medical practitioners specializing in
treatment of such illness, is highly likely to lead to death within 6 months. The Terminal Illness
must be diagnosed and confirmed by medical practitioners registered with the Indian Medical
Association and approved by the Company. The Company reserves the right for independent
assessment.The definition of medical practitioner will be in line with Guidelines on Standardization
in Health Insurance, and as defined below: A Medical Practitioner is a person who holds a valid
registration from the Medical Council of any State or Medical Council of India or Council for Indian
Medicine or for Homeopathy set up by the Government of India or a State Government and is
thereby entitled to practice medicine within its jurisdiction; and is acting within the scope and
jurisdiction of licence. The Medical Practitioner should neither be the insured person(s) himself nor
related to the insured person(s) by blood or marriage.
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Permanent Disability (PD) due to accident
In case of Life Option, Life Plus Option, Life & Health Option and All-in-one Option, on occurrence of
PD due to accident, while the policy is in force, all future premiums for all benefits under the policy
are waived. PD will be triggered if the Life Assured is unable to perform 3 out of the 6 following
Activities of Daily Work:
• Mobility: The ability to walk a distance of 200 meters on flat ground.
• Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability
to get into a standard saloon car, and out again.
• Climbing: The ability to climb up a flight of 12 stairs and down again, using the handrail if needed.
• Lifting: The ability to pick up an object weighing 2kg at table height and hold for 60 seconds
before replacing the object on the table.
• Writing: The manual dexterity to write legibly using a pen or pencil, or type using a desktop
personal computer keyboard.
• Blindness – permanent and irreversible - Permanent and irreversible loss of sight to the extent
that even when tested with the use of visual aids, vision is measured at 3/60 or worse in the
better eye using a Snellen eye chart.
For the purpose of PD due to accident, the following conditions shall apply:
1. The disability should have lasted for at least 180 days without interruption from the date of
disability and must be deemed permanent by a Company empanelled medical practitioner.
2. PD due to accident should not be caused by the following:
• Attempted suicide or self-inflicted injuries while sane or insane, or whilst the Life Assured is
under the influence of any narcotic substance or drug or intoxicating liquor except under the
direction of a medical practitioner; or
• Engaging in aerial flights (including parachuting and skydiving) other than as a fare paying
passenger and crew on a licensed passenger-carrying commercial aircraft operating on a
regular scheduled route; or
• The Life Assured with criminal intent, committing any breach of law; or
• Due to war, whether declared or not or civil commotion; or
• Engaging in hazardous sports or pastimes, e.g. taking part in (or practicing for) boxing, caving,
climbing, horse racing, jet skiing, martial arts, mountaineering, off piste skiing, pot holing,
power boat racing, underwater diving, yacht racing or any race, trial or timed motor sport.
3. PD due to accident must be caused by violent, external and visible means.
4. The accident shall result in bodily injury or injuries to the Life Assured independently of any
other means. Such injury or injuries shall, within 180 days of the occurrence of the accident,
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directly and independently of any other means cause the PD of the Life Assured. In the event
of PD of the Life Assured after 180 days of the occurrence of the accident, the Company shall
not be liable to pay this benefit.
5. The policy must be in-force at the time of accident.
6. The Company shall not be liable to pay this benefit in case PD of the Life Assured occurs after
the date of termination of the policy.
In case of incidences covered under accidental PD as well as CI, benefits shall be paid out under
both the options.
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under the influence of any narcotic substance or drug or intoxicating liquor except under the
direction of medical practitioner; or
• Engaging in aerial flights (including parachuting and skydiving) other than as a fare paying
passenger or crew on a licensed passenger-carrying commercial aircraft operating on a
regular scheduled route; or
• The Life Assured with criminal intent, committing any breach of law; or
• Due to war, whether declared or not or civil commotion; or
• Engaging in hazardous sports or pastimes, e.g. taking part in (or practicing for) boxing, caving,
climbing, horse racing, jet skiing, martial arts, mountaineering, off piste skiing, pot holing,
power boat racing, underwater diving, yacht racing or any race, trial or timed motor sport.
b. Death due to accident must be caused by violent, external and visible means.
c. The accident shall result in bodily injury or injuries to the Life Assured independently of any
other means. Such injury or injuries shall, within 180 days of the occurrence of the accident,
directly and independently of any other means cause the death of the Life Assured. In the
event of the death of the Life Assured after 180 days of the occurrence of the accident, the
Company shall not be liable to pay this benefit.
d. The policy must be in-force at the time of accident.
The Company shall not be liable to pay this benefit in case the death of the Life Assured occurs after
the date of termination of the policy.
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• In case of Angioplasty, the maximum benefit payable under a policy is restricted to `5,00,000.
• On payment of Angioplasty,
a. The policy will continue for other covered CIs with ACI Benefit reduced by Angioplasty payout
and future premiums for ACI benefit reduced proportionately and
• The Policy will continue with Death Benefit reduced by Angioplasty payout, and future premiums
for Death Benefit will reduce proportionately
• Not more than one claim will be admissible in respect of the same Critical Illness during the
policy term. Once the ACI Benefit has been exhausted no further CI claims can be made.
• The maximum ACI Benefit under this product is as per the Board Approved Underwriting Policy.
In case of incidences covered under accidental PD as well as CI, benefits shall be paid out under
both the benefits.
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2. Open Chest CABG:
The actual undergoing of heart surgery to correct blockage or narrowing in one or more coronary
artery(s), by coronary artery bypass grafting done via a sternotomy (cutting through the breast bone)
or minimally invasive keyhole coronary artery bypass procedures. The diagnosis must be supported
by a coronary angiography and the realization of surgery has to be confirmed by a cardiologist.
Excluded are:
1.Angioplasty and/or any other intra-arterial procedures
5. Surgery to aorta:
The actual undergoing of major surgery to repair or correct an aneurysm, narrowing, obstruction
or dissection of the aorta through surgical opening of the chest or abdomen. For the purpose of
this definition, aorta shall mean the thoracic and abdominal aorta but not its branches.
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6. Cardiomyopathy
An impaired function of the heart muscle, unequivocally diagnosed as Cardiomyopathy by a
Registered Medical Practitioner who is a cardiologist, and which results in permanent physical
impairment to the degree of New York Heart Association classification Class III or Class IV, or its
equivalent, based on the following classification criteria:
Class III - Marked functional limitation. Affected patients are comfortable at rest but performing
activities involving less than ordinary exertion will lead to symptoms of congestive cardiac failure.
Class IV - Inability to carry out any activity without discomfort. Symptoms of congestive cardiac
failure are present even at rest. With any increase in physical activity, discomfort will be
experienced. The Diagnosis of Cardiomyopathy has to be supported by echographic findings of
compromised ventricular performance. Irrespective of the above, Cardiomyopathy directly
related to alcohol or drug abuse is excluded.
8. Angioplasty
Coronary Angioplasty is defined as percutaneous coronary intervention by way of balloon
angioplasty with or without stenting for treatment of the narrowing or blockage of minimum 50
% of one or more major coronary arteries. The intervention must be determined to be medically
necessary by a cardiologist and supported by a coronary angiogram (CAG).
Coronary arteries herein refer to left main stem, left anterior descending, circumflex and right
coronary artery.
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Diagnostic angiography or investigation procedures without angioplasty/stent insertion are
excluded.
9. Blindness
Total, permanent and irreversible loss of all vision in both eyes as a result of illness or accident.
The Blindness is evidenced by:
a. corrected visual acuity being 3/60 or less in both eyes or ;
b. the field of vision being less than 10 degrees in both eyes.
The diagnosis of blindness must be confirmed and must not be correctable by aids or surgical
procedure.
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irreversible end-stage failure of the relevant organ, or
ii. Human bone marrow using haematopoietic stem cells. The undergoing of a transplant has to
be confirmed by a specialist medical practitioner.
iii. The following are excluded:
a. Other stem-cell transplants
b. Where only islets of langerhans are transplanted
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The following conditions are excluded:
Cysts, Granulomas, malformations in the arteries or veins of the brain, hematomas, abscesses,
pituitary tumors, tumors of skull bones and tumors of the spinal cord.
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2. Dressing: the ability to put on, take off, secure and unfasten all garments and, as
appropriate, any braces, artificial limbs or other surgical appliances;
3. Transferring: the ability to move from a bed to an upright chair orwheelchair and vice versa;
4. Mobility: the ability to move indoors from room to room on level surfaces;
5. Toileting: the ability to use the lavatory or otherwise manage bowel and bladder functions
so as to maintain a satisfactory level of personal hygiene;
6. Feeding: the ability to feed oneself once food has been prepared and made available.
The following are excluded:
1. Spinal cord injury;
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(ii) Alcohol-related brain damage
(iii) Any other type of irreversible organic disorder/dementia
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(a) cannot be controlled with medication;
(b) shows signs of progressive impairment; and
(c) Activities of Daily Living assessment confirms the inability of the Insured to perform at least
three (3) of the Activities of Daily Living as defined in the Policy, either with or without the
use of mechanical equipment, special devices or other aids or adaptations in use for
disabled persons.
Drug-induced or toxic causes of Parkinson’s disease areexcluded.
26. Poliomyelitis
The occurrence of Poliomyelitis where the following conditions are met:
1. Poliovirus is identified as the cause and is proved by Stool Analysis,
2. Paralysis of the limb muscles or respiratory muscles must be present and persist forat least
3 months.
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29. Deafness
Total and irreversible loss of hearing in both ears as a result of illness or accident. This
diagnosis must be supported by pure tone audiogram test and certified by an Ear, Nose and
Throat (ENT) specialist. Total means “the loss of hearing to the extent that the loss is greater
than 90decibels across all frequencies of hearing” in both ears.
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Class V - Membranous lupus nephritis
ClassVI-Advanced sclerosing lupus nephritis the final diagnosis must be confirmed by a certified
doctor specialising in Rheumatology and Immunology.
34. AplasticAnaemia
Irreversible persistent bone marrow failure which results in anaemia, neutropenia and
thrombocytopenia requiring treatment with at least two (2) of the following:
(a) Blood product transfusion;
(b) Marrow stimulating agents;
(c) Immunosuppressive agents; or
(d) Bone marrow transplantation.
The Diagnosis of aplastic anaemia must be confirmed by a bone marrow biopsy. Two out of the
following three values should be present:
- Absolute Neutrophil count of 500 per cubic millimetre or less;
- Absolute Reticulocyte count of 20,000 per cubic millimetre or less; and
- Platelet count of 20,000 per cubic millimetre or less.
Waiting period for CI Benefit applicable for ‘Life & Health’ and ‘All in one’ options:
1. The benefit shall not apply or be payable in respect of any Critical Illness of which the
symptoms have occurred or for which care, treatment, or advice was recommended by or
received from a Physician, or which first manifested itself or was contracted during the first six
months from the Policy issue date or 3 months from the policy reinstatement date where the
policy has lapsed for more than 3 months.
2. In the event of occurrence of any of the scenarios mentioned above, or in case of a death
claim, where it is established that the Life Assured was diagnosed to have any one of the
covered critical illness during the waiting period for which a critical illness claim could have
been made, the Company will refund the premiums corresponding to the ACI Benefit and the
ACI Benefit will terminate with immediate effect.
a. If the Death Benefit is equal to the ACI Benefit, the premiums corresponding to the Death
Benefit from risk commencement date of the policy or from the date of reinstatement as
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applicable will be refunded and the policy will terminate.
b. Otherwise,
• In case of Critical Illness claimDeath Benefit equal to ACI Benefit will be reduced, and
corresponding proportionate premium for Death Benefit from risk commencement date of
the policy or from the date of reinstatement as applicablewill be refunded. The policy will
continue with Death Benefit reduced by the extent of the ACI Benefit. All future premiums
for Death Benefit will be reduced proportionately.
• In case of death claim, Death Benefit equal to ACI Benefit will be reduced, and
corresponding proportionate premium for Death Benefit from risk commencement date of
the policy or from the date of reinstatement as applicable will be refunded. Death Benefit
less the ACI Benefit will be payable and the policy will terminate.
3. No waiting period applies where Critical Illness is due to accident.
Exclusions for ACI Benefit
No ACI benefit will be payable in respect of any listed condition arising directly or indirectly from,
though, in consequence of or aggravated by any of the following:
• Pre-Existing Conditions or conditions connected to a Pre-Existing Condition will be excluded.
Pre-Existing is any condition for which the Life Assured had signs, or symptoms, and/ or were
diagnosed, and / or received medical advice / treatment within 48 months to prior to the date
of issue of the policy or between the period starting from the due date of the first unpaid
premium till the date of reinstatement will be excluded.
• Existence of any Sexually Transmitted Disease (STD) and its related complications or Acquired
Immune Deficiency Syndrome (AIDS) or the presence of any Human Immuno-deficiency Virus
(HIV)
• Self-inflicted injury, suicide, insanity and deliberate participation of the life insured in an illegal
or criminal act with criminal intent.
• Use of intoxicating drugs / alcohol / solvent, taking of drugs except under the direction of a
qualified medical practitioner.
• War – whether declared or not, civil commotion, breach of lawwith criminal intent,invasion,
hostilities (whether war is declared or not), rebellion, revolution, military or usurped power or
wilful participation in acts of violence.
• Aviation other than as a fare paying passenger or crew in a commercial licensed aircraft.
• Taking part in any act of a criminal nature.
• Treatment for injury or illness caused by avocations / activities such as hunting,
mountaineering, steeple-chasing, professional sports, racing of any kind, scuba diving, aerial
sports, activities such as hand-gliding, ballooning, deliberate exposure to exceptional danger.
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• Radioactive contamination due to nuclear accident.
• Failure to seek or follow medical advice, the Life assured has delayed medical treatment in
order to circumvent the waiting period or other conditions and restriction applying to this
policy.
• Any treatment of a donor for the replacement of an organ.
• Any illness due to a congenital defect or disease which has manifested or was diagnosed
before the Insured attains aged 17.
Tax benefits
Tax benefits under the policy are subject to conditions u/s 80C , 80D and 10 (10D) of the Income
Tax Act, 1961. Service tax and cesses, as applicable will be charged extra, as per applicable rates.
The tax laws are subject to amendments from time to time.
Suicide clause
If the Life Assured whether sane or insane, commits suicide within one year from the date of
inception of this policy,the nominee or beneficiary of the policyholder shall be entitled to80% of
the premiums paid till the death, provided the policy is in force.In the case of a reinstated Limited
Pay or Regular Pay policy, if the Life Assured, whether sane or insane, commits suicide within one
year of the date of reinstatement of the policy, the nominee or beneficiary of the policyholder shall
be entitled to higher of 80% of the premiums paid till date of the death or surrender value as
available on the date of deathwill be payable.
Grace period
A grace period for payment of premium of 15 days applies for monthly premium payment mode
and 30 days for other modes of premium payment. If the premium is not paid within the grace
period, the policy shall lapse and cover will cease.
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Limited pay option
Premiums need to be paid only for the chosen premium payment term. Once premiums have
been paid for the premium payment term, the policy benefits will continue for the term of the
policy.
Premium discontinuance
If the premium is not paid either on the premium due date or within the grace period, all benefits
under this policy will cease.
Policy revival
A policy which has discontinued payment of premium may be revived subject to underwriting and
the following conditions:
• The application for revival is made within 2 years from the due date of the first unpaid premium and
before the termination date of the policy. Revival will be based on the prevailing Board approved under
writing policy.
• The Policyholder furnishes, at his own expense, satisfactory evidence of health of the Life Assured as
required by the prevailing Board approved underwriting policy.
• The arrears of premiums together with interest at such rate as the Company may charge for late payment
of premiums are paid. The revival of the policy may be on terms different from those applicable to the
policy before premiums were discontinued; for example, extra mortality premiums or charges may be
applicable.
• The Company reserves the right to refuse to re-instate the policy. The revival will take effect only if it is
specifically communicated by the Company to the Policyholder.
For CI Benefit, a waiting period of 3 months will be applicable for any revivals after 3 months from
the due date of the first unpaid premium. No waiting period will be applicable for any revival
within 3 months of the due date of the first unpaid premium.
Any change in revival conditions will be subject to prior approval from IRDAI and
will be disclosed to policyholders.
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The bases for computing Surrender Value factors will be reviewed from time to
time and the factors applicable to existing business may be revised subject to the
prior approval of the IRDAI
Nomination Requirements
Nomination in the Policy will be governed by Section 39 of the Insurance Laws (Amendment) Act,
2015, as amended from time to time. For more details on this section, please refer to our website.
Assignment Requirements
Assignment in the Policy will be governed by Section 38 of the Insurance Laws (Amendment) Act,
2015, as amended from time to time. For more details on this section, please refer to our website.
Section 41
In accordance to the Section 41 of the Insurance Laws (Amendment) Act, 2015, as amended from
time to time, no person shall allow or offer to allow, either directly or indirectly, as an inducement
to any person to take or renew or continue an insurance in respect of any kind of risk relating to
lives or property in India, any rebate of the whole or part of the commission payable or any rebate
of the premium shown on the policy, nor shall any person taking out or renewing or continuing a
policy accept any rebate, except such rebate as may be allowed in accordance with the published
prospectuses or tables of the insurer.
Provided that acceptance by an insurance agent of commission in connection with a policy of life
insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of
premium within the meaning of this sub section if at the time of such acceptance the insurance
agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent
employed by the insurer.
Any person making default in complying with the provisions of this section shall be punishable
with fine which may extend to ten lakh rupees.
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Disclaimers
*The CI Benefit for Angioplasty is subject to a maximum of `5,00,000. On payment of Angioplasty, if the
CI Benefit is more than Rs 5,00,000 the policy will continue for other CIs with CI Benefit reduced by
Angioplasty payout. The future premiums payable for the residual CI Benefit will reduce proportionately.
All premium amounts mentioned above are inclusive of taxes.
+Accidental Death benefit is up to 2 Crores. Accidental Death Benefit is available in Life Plus and All in
One options
^The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the
critical illness cover paid to the policyholder. The future premiums payable for the residual CI Benefit
will reduce proportionately. In case the CI Benefit equal to the Death Benefit, the policy will terminate
on payment of the CI Benefit. Only doctor’s certificate confirming diagnosis needs to be submitted. On
payment of Angioplasty, if the CI Benefit is more than Rs. 5,00,000 the policy will continue for other CIs
with CI Benefit reduced by Angioplasty payout. To know more about the illnesses covered, please
refer to the Sales brochure. Available under Life and Health and All in One options.
~Based on number of policies sold online between January 2016 – February 2017.
1 For Terminal illness, policy will terminate on payment of this benefit.
2 As per IRDAI Annual Report 2016-17.
3 Top Selling saving plan refers to ICICI Prudential Life Insurance plans which are bought by customers
through the website with our Zero-Paper-Process.
4 ICICI Pru iProtect Smart has been voted product of the year 2016 in the consumer survey of product
innovation in Life Insurance category. In a survey of over 7,000 people by Nielsen.
5 Nothing herein contained shall operate to destroy or impede the right of any creditor to be paid out
of the proceeds of any policy of assurance, which may have been effected with intent to defraud
creditors. Unless taken otherwise with the intent to defraud creditors. In case of any third party claim
in the Courts of India with regards the insurance proceeds, the amount shall be subject to the judiciary
directions. Please seek professional legal advice for the applicability of this provision.
6Subject to realisation of payment and document.
7 Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the
Income Tax Act, 1961. Service tax and applicable Cesses will be charged extra as per prevailing rates.
Tax laws are subject to amendments from time to time.
BACK
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ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837
© 2015, ICICI Prudential Life Insurance Company Limited. Registered Address:- ICICI PruLife Towers,
1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Insurance is the subject matter of the
solicitation. For more details on the risk factors, terms and conditions, please read the sales brochure
carefully before concluding a sale. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday,
except national holidays and valid only for calls made from India). For enquires related to new
policies purchased online, please call us on 1-860-266-7766 and select option 4 on our Interactive
Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and
used by ICICI Prudential Life Insurance Company Ltd under license. UIN:105N151V03
Advt. No.: OTH/II/1613/2017-18
IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial
products nor invest premiums.
IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge
a police complaint along with details of phone call, number.
59