ICICI Prudential Online Term Insurance Plans

Given the growing speed of changing lifestyles to adopting the fast pace and new habits, it is likely for people to forget about their health, with all the focus on competition to prove existence. ICICI Prudential it lets you take care of needs and financial security of your loved ones.

What makes ICICI Prudential Life coverage the Best:

Enhanced coverage Protection on critical illness, death, and permanent disability.

Additional benefits Enhance your coverage by picking Critical Illness Benefits and additional Death Benefits.

Special premium rates for non smokers.

Advanced benefits as per needs: Benefit sum through a single payout or a monthly income for the next 10 years

Flexibility to choose single premium payment option (terms and conditions applied)

Online term insurance plans by ICICI prudential:

• ICICI Pru IProtect:

ICICI Pru IProtect online term insurance plan is structured as an online policy with accessibility through the organization's site. A policyholder has the option customize his plans according to his needs.

Eligibility criteria for ICICI Pru IProtect

Entry age (Min/Max)

20/65 years

Policy term

10/15/20/25/30 years

Policy expiry age

75 years

Premium

2, 000 (Minimum)

Mode of premium payment

Annually

Tax benefit

Under section 80C of Income Tax Act premiums paid are eligible for tax benefits.

• ICICI Pru IProtect Smart

This ICICI Online Term Insurance Plan provides much life coverage option against a wide group of risk factors like accidents, death, critical illness or the physical disability. All the risk factors of life incidents fall under this single term plan.

Eligibility criteria for ICICI Pru IProtect Smart

Entry age (Min/Max):

18/65 years

Age of Maturity (Min/Max):

23/75 years

Policy term (Min/Max):

Benefit option

Regular pay

Limited pay

Single pay

Life

5 – 40 years

10 – 40 years

5 – 20 years

Life Plus

5 – 40 years

10 – 40 years

50 – 20 years

Life & Health

5 – 30 years

10 – 30 years

NA

All in One

5 – 30 years

10 – 30 years

NA

Premium payment options:

Single pay, Regular pay, Limited pay

Premium payment terms:

Single pay: Single

Regular pay: Same as policy term

Limited pay: Policy Term – 5 years

Minimum premium

2,400/- p.a. excluding service tax and cesses, as applicable, for Life Option.

Accidental death benefit:

Equal to the assured sum as selected by policyholder. (**subject to max limit as per co. policy).

Critical illness benefit:

Min: 1,00,000, Max: As per co. guidelines

Sum assured (Min/Max):

Subject to min. premium / Unlimited

Mode of premium payment

Single, Monthly, Half-Yearly, Annually.

How to select best online term plan?

• Company reliability:

The company’s reputation and stability are very important in any sector of business especially life insurance for the customers to trust. The reputation in the household sector, the FICO score on their funds accumulated.

• Expenses:

We realize that costs have a vital role to play in term protection plans. Hence, search for plans with the least costs which leads to lower premiums in the same cover. Additionally, choose a company that provides discounted premiums to no smokers.

• Convenience:

Over the range of life coverage plans, one discovers the term plans online seeing the most extreme advancement. For one, price and by additional premium rates have been decreased significantly and this procedure is on.

• Enhanced Cover:

It is a special option provided by the online terms plans of specific insurers the chance to enhance their life cover at their critical situations of the life of the policyholder.

• Claim settlement ratio:

The proportion explains what numbers of settlements have been done per 100 claims. Hence, claim settlement proportion of 100% (exceptionally uncommon) implies the organization has settled each claim

• Solvency ratio:

The steadiness and financial goodwill of the insurance agency are dictated by its solvency ratio. It gives a clear picture whether it can make satisfactory pending claims and develop the business without becoming bankrupt.

• Riders:

The one that gives you all secured edges is the best term insurance plan for you. One approach to accomplish this is through riders. An insurance rider is an extra to the essential plan that offers advantages far beyond the subject of the policy some contingencies.

Choose your best plans online after your research homework. Get started right away!

Hi, i am Anumeha Singh. A Bloger and A Insurance adviser for Life Insurance, Term Insurance, Child Insurance, Investment Plans and Tax Saving.