icici prudential

I Protect Smart,The word defines itself that protects with a smart choice.

let’s have an overview about the word what it means and what behind it, it is a product of the biggest private company in India ICICI prudential life Insurance private limited which have Rs.1,605 billion Assets power.

Why “We” Purchase I Protect Smart

The word protects means shield and smart means the good choice of decision, basically it is a term (insurance) of people’s life which protect our family and “Create the legacy” for loved ones it gives you the power back up to you and your family that  give you the trust and make feel free for we have  backup for our family. Now a day this is necessities for every people because life is uncertain everything will be happening on next step which is totally un-predictable.

We take insurance for our assets because it is compulsory, “NO” we take insurance because we care about our loved ones and give protection for future vice versa we purchase term plan to give protection to loved ones and here ICICI prudential gives you the offer to secure…

The ICICI PRU I Protect Smart promise you to make the settlement in 1 day and it has 98.7% claim settlement ratio which is quite attractive without any ground investigation for the cover of equal to or less than RS. 1.5cr And It is the best Term insurance plan.

snapshot from ICICI Prudential


  1. LIFE: – which is only cover life.
  2. LIFE PLUS: – which cover life as well as Accidental benefits.
  3. LIFE & HEALTH: – which cover life as well as health (34 critical illness)
  4. ALL in ONE: – which cover all the aspects of above.

snapshot from ICICI Pru life

Here are 7 things you must know about I PROTECT SMART

It fits in your budget

From ICICI Prudential life insurance

After the paying bills of your all rent, an insurance premium can be difficult ICICI prudential life insurance I protect Smart has least premium which fits into your budget   

ICICI PRUDENTIAL I PROTECT SMART offer you long life protect

The meaning of this statement that ICIC Prudential I protect Smart offer you a long period of the term till 99 

Snapshot From ICICI Prudential Life Insurance.

ICICI PRUDENTIAL I PROTECT SMART covers 34 critical illness

It is an option to choose depending upon the proposer. What happens when a critical illness strikes to your life hangs balance? It gives you the booster with a fight with that illness ICICI prudential I Protect Smart gives you the claim money payout on your first diagnosis of any the 34 illness without any bill required.

ICICI PRUDENTIAL I PROTECT SMART gives you 4 payout option


It is the most popular option 2 out 3 people choose this option. the cover will be paid the total amount of sum assured of the insurance policy for example if you choose the life cover amount of RS. 1cr your nominee will be receiving the total amount of life cover in the time of claim.


You can choose this option if you want your nominee receiving the amount in regular monthly income with the benefit of 10% and benefit amount payable every year for 10 years.


If you’re your life cover is RS 1cr then your nominee will receive Rs. 10 lakhs in the first year, Rs. 12 lakhs in the second year and so on. At the end of the 10th year, total life cover received Rs. 1.45cr benefit of 45% best option to choose.it will increase the financial help and increase the wealth for the family. Basically, it is monthly income payout which will increase by 10% per annum on simple interest.


This is a mix of lump sum and income option the life assured will be paid in two-part for example if the life cover is for Rs. 1cr then Rs. 50 lakhs paid in lump sum mode and remaining Rs. 50 lakhs will be paid by equally monthly income calculate at the rate of 0.83% for 10 years.

ICICI PRU I PROTECT SMART Pays life cover on Terminal illness

First let’s find what is terminal illness?, so the terminal illness is if certified by government  doctor write on the important paper that the life cover will be for 6 month then  ICICI Prudential  I Protect Smart claims  the total sum assured amount to nominee and policy will close ,for example if the life cover suffering from aids and doctor notify that life cover  will be for 6 months than ICICI Prudential settle the claim to their nominee.

I PROTECT SMART Gives you the Accidental Benefit at the time of policy login or later.

This is another option for the policyholder that they will add accidental benefit including life cover, how it works? For example, If the proposer proposed for accidental benefit of 50 lakhs and life cover of Rs.1cr and after the policy issued the proposer died by the accident then the nominee will get Rs. 1.5cr, why accidental cover important? Road, train accident happens all the insurance can not stop them, but it can be reduced the financial effect.

ICICI Prudential I PROTECT SMART gives you an offer to add the accidental benefit of your choice during buy or after buy.

ICICI PRUDENTIAL I PROTECT SMART gives you the option to buy MWP Act4

The last thing you want buying a term plan is insurance money not given to your near ones, like your wife or children. You relatives/creditors way wrongly claim the insurance amount. You have the option to protect it with us, by buying our term plan ICICI Prudential I protect smart under married women’s Property Act (MWP Act).

This will help in the payment of full life insurance claim amount to your wife and/ or children. Removing that last line worry from your head.

Benefits of I Protect Smart

  • In case of permanent disability due to an accident, the company waives all future premiums and your policy continues without any interruption
  • Premiums paid are tax-free under section 80C. When you opt for Critical Illness benefit you can get additional tax benefit under section 80D Claim amount received by you or your nominee is tax-free under section 10(10D) Tax benefits under the policy are subject to conditions under Sec. 80C, 80D,10(10D) and other provisions of the Income Tax Act, 1961.
  • Permanent DisabilityThe company pays all due premiums on your behalf in case of permanent disability caused due to an accident. Permanent Disability~ will be triggered if you are unable to perform 3 out of the 6 following activities permanently and consistently for 6 months:
  • Mobility: The ability to walk a distance of 200 meters on flat ground.
  • Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability to get into a standard car, and out again.
  • Climbing: The ability to climb up a flight of 12 stairs and down again, using a handrail if needed.
  • Lifting: The ability to pick up an object weighing 2 kg at table height and hold it for 60 seconds before replacing the object on the table.
  • Writing: The ability to write using a pen or pencil, or type using a computer’s keyboard.
  • Blindness (permanent and irreversible): Permanent and irreversible loss of sight to the extent that even when tested with the use of visual aids, vision is measured at 3/60 or worse, using an eye chart.

Dilshan Raza is a tech specialist who always explores technologies and writes about experiences. He loves to help other tech savvies with his excellent guide on websites.