ICICI

iProtect Smart

ICICI Prudential

Affordable term insurance with flexibility

Sum Insured₹50 Lakhs - ₹10 Crores
PremiumStarting ₹490/month for ₹1 Cr
Claim Ratio98.5%

About iProtect Smart

ICICI Prudential iProtect Smart offers affordable premiums, special rates for women, and flexible sum assured options up to ₹10 crores.

Key Features

Cover till age 85 years
98.5% claim settlement ratio
Special rates for women
Increasing cover option
Terminal illness benefit
Disability rider available
Accidental death benefit
Online discount available

Eligibility

AgeEntry: 18-65 years, Policy till 85 years
Sum Insured₹50 Lakhs to ₹10 Crores
Medical TestBased on age and sum insured
Waiting PeriodNone for term insurance

What's Covered

Death benefit (lump sum or income)
Terminal illness
Accidental death (with rider)
Critical illness (with rider)

Exclusions

  • Suicide in first year
  • Death due to war
  • Hazardous activities (unless disclosed)

Pros & Cons

Advantages
  • Lower premium than HDFC
  • Special women rates
  • Good claim ratio
  • Multiple rider options
  • ICICI brand trust
Disadvantages
  • Minimum sum insured is ₹50 lakhs
  • Medical tests for most cases

Frequently Asked Questions

Generally yes, ICICI iProtect Smart has slightly lower premiums especially for younger age groups and women. Compare quotes for your specific profile.

Women get 5-10% lower premiums due to statistically higher life expectancy. This makes term insurance more affordable for women.

Yes, you can opt for increasing cover option where sum assured increases by 5-10% every year to counter inflation. Premium remains the same.

Nominee should inform ICICI Pru, submit death certificate, policy documents, and KYC. Claims are typically settled within 30 days of document submission.
iProtect Smart
(4.7)
  • Sum Insured₹50 Lakhs - ₹10 Crores
  • PremiumStarting ₹490/month for ₹1 Cr
  • Claim Ratio98.5%
  • TypeTerm Life Insurance

IRDAI registered insurer

Affiliate Disclosure: We may earn a commission when you purchase through this link. This does not affect the premium or your policy.

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Disclaimer: Insurance is subject to terms and conditions. Premium shown is indicative and may vary based on your age, health, and coverage chosen. Please read policy documents carefully before purchasing.