iProtect smart: Benefits and Features

Madhura950

Icici Prudential Life Insurance has come up with a new product called Icici Pru iProtect smart. It is a term insurance plan which offers comprehensive protection to the policyholder and his/her family. The main features of this policy are:1) It offers a death benefit of up to 10 times the sum assured.2) It also provides for a critical illness rider which pays out an additional sum assured in case the policyholder is diagnosed with any of the specified critical illnesses.3) The policy also provides for a terminal illness rider which pays out the sum assured in case the policyholder is diagnosed with a terminal illness.4) The policy also provides for a waiver of premium rider in case the policyholder is unable to pay the premiums due to involuntary unemployment or disability.5) The policy also provides for a partial withdrawal facility which allows the policyholder to withdraw up to 50% of the sum assured for meeting any financial emergency.6) The policy also provides for a maturity benefit which pays out the sum assured on the maturity of the policy.7) The policy also provides for a loyalty benefit which pays out an additional sum assured on the policyholder's 10th policy anniversary.8) The policy also provides for a discount on the premium if the policyholder opts for a higher sum assured.9) The policy also provides for a free-look period of 15 days during which the policyholder can cancel the policy if he/she is not satisfied with the terms and conditions.

Taara355

The benefit of Icici Pru iProtect smart is that it offers you a comprehensive life insurance cover at an affordable price. It protects your family's financial future in the event of your untimely death and also provides for an income replacement in the event of your disability. It also covers you for critical illnesses and offers a host of other benefits.

ticklishsnake488

The benefit of ICICI Pru iProtect smart is that it offers a comprehensive life insurance policy that provides coverage for death, terminal illness, and critical illness. The policy also provides an option for policyholders to receive a lump sum payment in the event that they are diagnosed with a critical illness. The policy provides coverage for up to age 85 and has a maximum sum assured of Rs. 1 crore. The policy also offers an inbuilt critical illness benefit rider that provides coverage for 20 critical illnesses. The policyholder can also avail of a discount on the premium if they have a health insurance policy with ICICI Lombard.

ticklishsnake494

There are many benefits of Icici Pru iProtect smart. Some of them are as follows:

It offers comprehensive protection against death, critical illnesses and disability.
It gives you the option to choose the cover amount as per your protection needs.
It pays the cover amount in lump sum, irrespective of the actual hospitalization or treatment expenses incurred.
It offers an inbuilt life cover, which increases at regular intervals, thus providing you with financial security against life's uncertainties.
It has a unique 'income benefit' feature, which provides you with a regular income in case of total and permanent disability, thus helping you meet your financial obligations even in tough times.
It offers discounts on premium if you opt for a higher sum assured.
It provides you with the option to port your policy to another life insurance company, in case you are not satisfied with the services of Icici Pru Life Insurance.

Vidyalaxmi449

iProtect Smart is a term insurance plan offered by ICICI Prudential Life Insurance which provides life insurance coverage with multiple benefits. This plan is designed to give you and your family greater financial security and peace of mind.

Life Cover: iProtect Smart provides you a life cover that gives your family the financial protection they need in your absence.
Affordable Premium: Early premium payments come with a discount, making the premiums more affordable to suit your budget. It also provides you the flexibility to choose premium payment frequency that best suits you - annual, half-yearly, quarterly or monthly.
Tax Benefits: It provides tax benefits as per Section 80C of the Income Tax Act.
Optional Rider: You also have an option to get rider benefit to avail additional financial security with an additional premium.
Women's Advantage: This plan offers an Additional Life Cover of 5%, 10% or 20%, to women (age 18-49 years).
Aide to pay your Critical Illness: On diagnosis of any Critical Illness, this plan provides you with an Aide to pay your Crisis Charges.
Guaranteed Additions: You get Guaranteed Additions on your policy throughout the term of your policy which will be added to your Sum Assured on Your Maturity or Death.

Overall, iProtect Smart helps you to secure the financial future of your family in case of any unfortunate life event. You can read more about this plan here on ICICI Prudential's website - https://www.iciciprulife.com/content/iprotectsmart-term-insurance-plan.html

brijesh_shenoy

Icici Pru iProtect Smart is a comprehensive online term insurance plan that offers life cover and accidental death cover along with a wide range of flexible options. Here are some of the key benefits of this policy:

Life cover: ICICI Pru iProtect Smart offers a life cover up to Rs. 1 Crore that provides financial security to your family in case of your sudden demise.
Accidental death cover: In addition to life cover, the policy also offers an additional accidental death cover up to Rs. 50 Lakhs.
Tax benefits: Premiums paid towards term insurance plans like ICICI Pru iProtect Smart are eligible for tax deductions under Section 80C of the Income Tax Act and the Maturity benefits are exempted from tax under Section 10 (10D) of the Income Tax Act.
Affordable premiums: The policy offers flexible plans wherein you can choose a Sum Assured, and premium levels according to your requirements. The premiums are affordable, offering great value for money.
Add-on riders: The policy offers additional riders like Accidental Total & Permanent Disability, Accidental Death Benefit and Critical Illness benefit that can be opted for to get extra protection.
24x7 Customer service: ICICI Pru iProtect Smart offers round the clock customer service for any queries or for availing policy related services.
Hassle-free claim settlement: The policy provides hassle-free and prompt claim settlement.

All in all, ICICI Pru iProtect Smart is an ideal choice for those looking for a comprehensive Term Insurance Plan with attractive features and benefits.

You can find more details about the policy here: https://www.iciciprulife.com/protect-smart.html