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.

If the Insured passes away due to an accident, the nominee receives an additional Sum Insured. The benefit is automatically activated upon claim intimation.

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.

Neha Sharma

iPru iProtect Smart – Life Plus Option offers key benefits like a Terminal Illness Benefit with a lump sum payout, Waiver of Premium in case of permanent disability due to an accident, and Accidental Death Benefit with an additional payout. It also provides flexibility with Smart Exit Options after 29 years, and customizable coverage with Life Stage Options. However, it lacks an immediate payout on claims and does not include a Return of Premium rider.

ICICI Prudential iProtect Smart Plan – Life Plus

Adaptive coverage for evolving needs