The Great: Features That Set It Apart

The Good: Value-Added Benefits

The Gaps: Considerations

 If diagnosed with a terminal illness, receive a lump sum of up to Sum Insured to help manage medical expenses and treatment costs.

 After the 29th policy year, you can exit the plan without paying additional premiums, with all liabilities covered and the premiums paid will be returned. (Not available in the last 5 years of the policy term.)

If the insured is diagnosed with permanent disability due to an accident, future premiums are waived while the coverage continues. Just inform the insurer to activate this benefit.

Increase your sum assured upon major life events like marriage or childbirth. Just inform the insurer within 6 months of the event to make the change.

After the 29th policy year and once you reach 60, you can exit the plan without paying additional premiums, with all liabilities covered, and twice the premiums paid will be returned. This option is only available for limited pay policies and is not available in the last 5 years of the policy term.

Priya Mehta

iPru iProtect Smart – Life Option offers essential benefits such as a Terminal Illness Benefit, Smart Exit Options with premium returns, and the ability to increase coverage during major life events. It also includes a Waiver of Premium in case of permanent disability due to an accident. While offering flexible payout options, it does not provide immediate payout on claim intimation or additional features like a Return of Premium rider. Exclusions include suicide within the first 12 months and no loan facility.

ICICI Prudential iProtect Smart Plan – Life Option

Flexible Protection That Grows with Your Life's Milestones