ICICI Prudential Life Insurance Calculator

The motto of ICICI Prudential Life Insurance is to provide financial protection to a family at the most cost-effective rates. A relatively low premium rate can give a large life cover amount. In the case of an insured person who dies, the benefit amount is given to his/her nominee. 


ICICI Prudential Life Insurance Calculator is used to estimate premium amounts without the need to share personal details. You just need to fill up a few given options such as:


  1. Firstly, identify as Male/Female/Transgender
  2. Consume tobacco: Yes/No
  3. Born On.
  4. Annual Income.
  5. Mobile Number.
  6. Email Address.
  7. Lastly, click on "Check Premium"


Along with this, the other options selected by a person are policy term, payout option, life cover amount, and payment mode. There's no need to share any personal detail related to your account, family, and others.


Life Insurance


What are the key benefits linked with this ICICI Prudential Life Insurance?


  • The premiums are waived off in case of permanent disability. Also, the life cover continues for the left policy period. You don't need to pay an extra cost to get this benefit. 


  • Tax benefits for up to ₹54,600.


  • 97.8% claim settlement ratio.


  • Life cover for up to ₹ 2 Crore through telephonic medicals.


  • Terminal illness payouts cover both life-threatening and financial ruin issues.


  • Large covers at cost-effective rates.


  • It gives a choice to expand the cover after the wedding and first & second childbirth with no medicals.


  • On the 1st 34 critical illness diagnosis like kidney failure, cancer, heart attack, etc., it gives full claim payout. No requirement for hospital bills. Stay covered for up to 30 years with no change in premium.

 

  • The amount can protect your family in case of income loss occurring due to illness.


  • You could move for an option of monthly premium payment with yearly commitment if there's any budget issue.


  • One can return the policy and get an amount back if not satisfied.
  • The policy will be provided within 72 hours after receiving documents and medical reports.


  • Fast & trouble-free claims services when your family needs it.


Does it cover death because of COVID-19?


As everyone knows, COVID-19 is a contagious viral disease affecting more than 1.7 crore people throughout the world. Even after attaining preventive measures, a large number of the population got infected with this disease. 


The World Health Organization declared it a pandemic. 

A common concern can be seen among people is, whether the ICICI Prudential Life Insurance covers death because of COVID-19 or not.


 Along with all the other deaths caused due to health problems, COVID-19 is also covered under ICICI Pru iProtect Smart. A nominee will get the amount if a policy purchased person dies due to COVID-19. 


How to know which term plan is the best for you?

Before choosing a term insurance plan, keep focused on five essential features that include:

  • Claim settlement ratio
  • Solvency ratio
  • Critical illness cover
  • Additional covers(such as waiver of premium, accidental death, and income benefit)
  • Premium cost


What is a Reversionary bonus?


Reversionary bonus is declared yearly as a percentage of the sum assured with respect to the basic policy profit. It is paid on the life assured/policy maturity death.


ICICI Prudential Life Insurance is operated by keeping customer-centricity. It offers long-term savings & product protection for catering to customers’ requirements at different life stages. 


There are several initiatives developed & implemented for providing excellent services, smooth claim settlement, economical products, and consistent performance of fund experience. 


The premium amount is earlier decided at the purchasing time and will remain fixed through the term plan.


Conclusion:

As we discussed above, this term plan is quite beneficial for you and your family members. It provides you the benefits to check premium just by entering a few details(not confidential). 


The plan ensures no chances of counterfeit at any stage of premium. It covers up both financial and critical issues. Also, there’s a term plan for pandemic COVID-19 

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