ICICI Pru iProtect Smart

ICICI Pru iProtect Smart is a type of term insurance plan. In this plan, if the life assured dies during the policy term, then the sum assured is provided as death benefit to the nominee by the life assured. Through this insurance amount, the family can easily meet its financial needs.

You get four options in this term insurance plan which are Life, Life Plus, Life and Health and All in One. You can choose any of these four according to your requirement.

You also get the option of adding riders to this ICICI Pru iProtect Smart term insurance plan. In this you can add Accidental Death Benefit Rider and Critical Illness Rider.

ICICI Pru IProtect Smart Features

The features of ICICI Pru iProtect Smart are as follows-

• ICICI Pru iProtect Smart Term Insurance is a pure online term insurance plan.
• This term insurance plan comes in 4 plan options. Like- Life, Life Plus, Life and Health all in one.
• You also get the option of adding riders to the ICICI Pru iProtect Smart Term Insurance Plan.
• In ICICI Pru iProtect Smart Term Insurance, you get three payment options Lumpsum, Monthly Income and Increasing Income.
• You also get tax exemption as per the Income Tax Act, 1961 in this term insurance plan.
• In this, you get 15 to 30 days free look period. If you are not satisfied with this plan, you can return it.
• In this, you get a grace period of 15 to 30 days.

• Read Also Open Online Account in SBI Bank

ICICI Pru IProtect Smart Benefits

Following are the benefits of ICICI Pru iProtect Smart-

1. Death Benefit:

In ICICI Pru iProtect Smart Term Insurance plan, in case of accidental death of the life assured during the policy term, the sum assured is provided as death benefit to the nominee by the life assured. The nominee is chosen by the life assured at the time of taking the policy.

2. Maturity Benefit:

ICICI Pru iProtect Smart is a term insurance plan. Therefore, you are not provided any kind of maturity benefit in this.

3. Riders:

ICICI Pru Iprotect Smart Term Insurance Plan also gives you the option of adding riders to enhance your coverage. You can enhance your coverage by adding riders to your term insurance plan.

In this term insurance plan, you get the option of adding Accidental Death Benefit Rider and Critical Illness Benefit Rider. 34 critical illnesses are covered under the Critical Illness Benefit rider. Multiple benefits are provided to you under the Accidental Death Benefit rider.

4. Tax Benefit:

ICICI Pru iProtect Smart Term Insurance Plan also gives you tax benefits as per Indian Income Tax laws. In this you get tax benefit under section 80C and 10 (10D) of the Income Tax Act 1961. You are eligible for tax benefits on the premium paid under 80C and on the death benefit under 10 (10D).

ICICI Pru IProtect Smart Eligibility

Eligibility for ICICI Pru iProtect Smart is as follows-

Documents Required For ICICI Pru IProtect Smart

The documents required for ICICI Pru iProtect Smart are as follows-

1 Photo 

2. Medical Report 

3. KYC documents (any one of the following)

• Aadhar card, 
• PAN card, 
• Voter ID Card, 
• Passport. 

4. Address Proof (any one of the following)

• Base,
• driving license,
• Passport. 

5. Income proof (any one of the following)

• Pay slip,
• ITR, 
• Bank statement.  

ICICI Pru IProtect Smart Premium

ICICI Pru iProtect Smart term insurance plan offers you multiple premium payment options. You can choose any premium payment option as per your requirement and financial capability. 

In ICICI Pru iProtect Smart Term Insurance Plan you get the following premium payment options-

• annual 
• semi annually
• quarterly
• monthly

How To Buy ICICI Pru IProtect Smart?

If you are thinking of buying an ICICI Pru iProtect Smart term insurance plan, then you can buy it very easily from the comfort of your home. You can buy this term insurance plan through online medium. 

For this you have to visit the official website of ICICI Pru. You can easily buy ICICI Pru iProtect Smart Term Insurance Plan by visiting the official website and visiting the term insurance plans section.