1. Apart from lifelong protection for your family, it allows you to choose your critical illness cover for an amount of up to Rs 1 crore. For example, if you take a life cover of Rs 1 crore with critical illness benefit of Rs 30 Lakhs, and some years later you are diagnosed with Cancer, then you will be paid Rs 30 Lakhs without even being asked for the hospital’s bills. Your policy will continue with a sum assured of Rs 70 Lakhs and your premium amount too will reduce accordingly. Unlike health insurance plans offered by other insurers, its premium doesn’t increase with age or with the renewal of critical illness benefit. This means your premium amount will not increase even after you utilize your critical illness cover.
2. Since critical illnesses might render you unemployed for some time, this plan can double up as your Income replacement option during that duration. E.g. if you are diagnosed with cancer and you cannot go to work for a year, owing to your treatment and convalescence, the lump sum payout you receive can replace the sum you would have otherwise earned as monthly income.
3. The policy covers 34 critical illnesses- more than any other plan- including heart diseases, cancer, kidney failure, etc. Additionally, it covers major critical illnesses for women such as Breast Cancer and Cervical Cancer.
4. It provides double your life insurance cover of up to Rs 2 crores in case of a road accident. This means that if your life insurance cover is Rs 50 lakhs, then your nominee will get Rs 1 crore, in case you die in a road accident.
To combat the increasing prevalence of lifestyle diseases, one must make positive changes in their daily routines. Exercising regularly, eating healthy and minimizing alcohol/tobacco consumption are some steps that will put you on the right path. In addition to this, you must also provide a safety net for your family by buying a term insurance plan such as ICICI Pru iProtect Smart, which will not just protect your family in the event of your unforeseen death, but will also ease your financial burden and stress in case you are diagnosed with any of these ‘biggest killers’.
Life Plus Option : In addition to the benefits under the Life option,Policy holder is also covered for the accidental death benefit.
Life and Health Option : In addition to the benefits under the Life Option this also covers 34 Critical Illness including CI Benefits for Angioplasty,with a maximum of 5 Lakhs.
All In One Option : In addition to the Benefits under Life Option you are covered for both Accidental death benefits and Critical Illness Benefits.
Benefits option of ICICI Pru I-Protect Smart :