1. A term life insurance plan
that financially protects
you and your family
1
All-In-One
2. What iProtect Smart – All-In-One Offers
Death Benefit
Terminal Illness
Benefit
Waiver of Premium on
Disability due to
Accident
34 Critical Illnesses
Accidental Death
Benefit
Death Benefit paid upon earlier of
Diagnosis of Terminal Illness or
Death of the Life Assured
Waiver of Premium
Life cover continues without paying any
premium on disability
34 Critical Illnesses
CI Benefit paid as a lump sum, incase of
diagnosis of any of the 34 illnesses
Accidental Death Benefit
Double the sum assured to your nominee in
case you die in an accident
3. 3
Mr Reddy, Salaried and non-Smoker
Age: 40 Yrs; Policy Term: 45 Yrs
Life Cover - ₹1 Crore
Critical Illness Cover (Optional) - ₹25 Lakh
Accidental Death Benefit (Optional) - ₹50 Lakh
Waiver of Premium on Disability – Future
Premiums
CI Cover
ADB Cover
Premium
Payment Over
CI Cover over
ADB Cover
Over
PPT
Life Cover
40 Yrs 50 Yrs 75 Yrs 80 Yrs 85 Yrs
How does IPS All in one work?
5. 5
Mr Verma, Sales Person in IT Firm
Age: 36 Yrs
Life Cover - ₹2 Crore
PPT
Life Cover
36 Yrs
Benefit - Waiver of all Future Premium
Future
premiums
waived off;
Life
Insurance
cover stayed
in force
85 Yrs
6. 6
Ms Priya, Marketing Consultant
Age: 32 Yrs; Policy Term: 30 Yrs
Life Cover - ₹1 Crore
Critical Illness Benefit - ₹25
Lakh
Cervical Cancer
diagnosed
Death
PPT
32 Yrs 40 Yrs 52 Yrs
Critical illness benefit (optional)
₹25
Lakh
paid as
lump
sum
Nominee gets
reduced sum
assured of
₹75 Lakh &
Policy
terminates
7. 7
List of 34 Critical illnesses Covered
Cancer of specified severity
Angioplasty*
First Heart Attack – of Specified Severity
Open Heart Replacement or Repair of Heart Valves
Surgery to aorta Heart and Artery Benefit
Cardiomyopathy
Primary Pulmonary hypertension
Open Chest CABG
Blindness
Chronic Lung Disease
Chronic liver disease Major Organ Benefit
Kidney Failure Requiring Regular Dialysis
Major Organ/ Bone Marrow Transplant
Apallic Syndrome
Benign Brain Tumour
Brain Surgery
Coma of specified Severity
Major Head Trauma
Permanent Paralysis of Limbs
Stroke resulting in permanent symptoms Brain and Nervous System Benefit
Alzheimer’s disease
Motor Neurone Disease with Permanent Symptoms
Multiple Sclerosis with Persisting Symptoms
Muscular Dystrophy
Parkinson’s disease
Poliomyelitis
Loss of Independent Existence
Loss of Limbs
Deafness
Loss of Speech Others
Medullary Cystic Disease
Systematic lupus Eryth with Renal Involvement
Major Burns
Aplastic Anaemia
8. 8
Mr Ravi, Sales Professional
Age: 34 Yrs
Life Cover - ₹1 Crore
Accidental Death Benefit - ₹1
Crore
Death
PPT
34 Yrs 37 Yrs
Nominee
receives
₹2 crore
Accidental Death Benefit (optional)
9. Tax Benefit (Income Tax Act 1961)
Section 80C for
Premium
Sec 80D for CI
Benefit Option
Sec 10(10D)
Applicable to all
proceeds
12. Product USPs
Adequate life cover at affordable rates
Extended life cover till 85 years
Customized payment options
Whole life cover option
Flexible payout options
Critical illness protection and accidental benefit rider options
Tax benefits u/s 80C, 80D and 10(10D)
12
13. Documentation
13
List of Documents Required
Along with your photo, we require only 3
documents to issue a policy.
PAN (Mandatory)
• Entering your PAN Number is mandatory
• For upload, file size limit per document should not be more
than 2 MB.
• Keep these documents handy. This helps you fill up the
application for much more quickly.
• A readable scan copy/ camera pic of these documents will
be good, and allow you to submit the documents online.
TIP: PAN Card will be used as a valid Age and ID
Proof
Age & Address proof (Any one)
• Current Passport
• Current Driving License
• Aadhar Card (Masked Aadhar Card omitting
first 8 digits also accepted)
If you do not have any of the above and want
to know list of alternate documents, Click Here
If you submit ANY ONE amongst the above 4
documents, you will not have to submit any
additional document for Age • ID • Address
proof.
14. 14
Income Proof
Income Tax returns (ITR’s) for last 3 assessment years duly filed with
the IT department.
Form 16 of latest assessment year.
Salary slips of the last 3 months.
Individual Audited Profit and Loss account, Balance Sheet of last 3
assessment years.
Last 3 months bank statement reflecting regular salary credits
Latest salary certificate from the employer on the letter head signed by
authorized signatory
Documentation
15. Medical
15
Things to do for Faster Issuance
Prepare for Medicals
Simple process. Requires only your Pin code and types of test required.
Home Visit:
A medical practitioner will visit your place
to carry out some basic tests as per your
convenience
Medical center visit:
Visit a medical center basis your pin code or in
case of particular tests required, as per your
convenience
16. Policy Issuance
16
Issuance
Policy Issuance usually takes 7 working days post medical test and successful
submission of all documents. In case of non-policy issuance due to ineligibility,
one of the following offers would be made to you:
• XRT: Revised premium
• Counter Offer: Revised life cover or revised policy term
• Postpone: Eligible to buy policy after 6 months
• Decline: Policy cannot be given
17. 5 pointer pitch
17
Sir, you would agree that life has it’s own risks. A major sickness or an accident leading to
disability can be a setback for our financial planning and untimely death can shatter it
completely.
Hence, it is prudent to plan for such contingencies.
ICICI Pru iProtect Smart a unique protection plan, offers a safety net against these
contingencies and ensures 360 degrees cover for your life and protects your family’s future
In addition to life cover you get covered against terminal illness & disability.
In case of unfortunate disability occurring due to an accident all future premiums are
off and the life cover continues
You can boost your protection with accidental death benefit and critical illness benefit
34 illnesses. Critical Illness SA is paid upfront on diagnosis of any of the listed 34 critical
illnesses
This plan offers tax benefits under Sec 80C & 80D. And all pay-outs are tax free. Moreover
this is one of the most cheapest term plans available in the market.
The only Protection product which offers all-in-one protection under one plan.
If the life assured is diagnosed with a terminal illness like AIDS, full/ entire life
cover will be paid to the nominee/legal heir immediately
Use Case: Saurab was a 30 years old software engineer. He had bought iProtect Smart with a life cover of
`1 Cr. Six years later he was diagnosed with a terminal illness. He was paid his entire life cover amount. He
paid all his dues before his death (including his huge home loan) and did not leave back any financial liabilities
on his family.
in case of permanent disability due to an accident, all future premiums will be
borne by the company and the life cover stays intact
Use Case: Mr. Verma was 36 years old sales manager in an IT firm. He had bought iProtect Smart with a life
cover of `2 Cr and was paying a premium of `23,541 p.a. Due to an unfortunate accident one day, he was not
able to move, climb or bend. The company waived off all his future premiums and the life insurance cover
stayed inforce till the policy term.
If the life assured is diagnosed with any one of the 34 critical illnesses covered, the life
assured will be paid the critical illness benefit amount immediately at the first diagnosis stage without
any hospital bills. Which means only a scanned copy of the diagnosis report is enough to raise the
claim. Also, even if the expense incurred by the policy holder may be lesser, total critical illness
benefit amount will be paid to the policy holder. Not just this, the premium under the critical illness
benefit remains the same throughout the policy term. Once the claim for critical illness is paid out, the
life insurance cover minus the critical illness cover stays in force with reduced premium. You can opt
for this health benefit under life & health or All in one plan options.
Use Case: Priya is a 32 years old marketing consultant. She has availed a loan for buying a house. Realising
the need for protection in her fast-paced life, Priya wants to be well prepared for unforeseen circumstances in
life. ICICI Pru iProtect Smart provides the perfect solution for her needs. Priya takes ICICI Pru iProtect Smart
with a base cover of `1 Crore and a CI Benefit of `25 lakh with 30 year term. She pays an annual premium of
`16,568. At 40, Priya is diagnosed with Cervical cancer. `25 lakh is paid as a lump sum and the Policy
continues with reduced Sum Assured of `75 lakh. The subsequent premiums are proportionately reduced to
`7,304 p.a. At 52, On Priya’s unfortunate death, her nominee gets lump sum death benefit of `75 lakh and the
Policy terminates.
If the life assured is diagnosed with any one of the 34 critical illnesses covered, the life
assured will be paid the critical illness benefit amount immediately at the first diagnosis stage without
any hospital bills. Which means only a scanned copy of the diagnosis report is enough to raise the
claim. Also, even if the expense incurred by the policy holder may be lesser, total critical illness
benefit amount will be paid to the policy holder. Not just this, the premium under the critical illness
benefit remains the same throughout the policy term. Once the claim for critical illness is paid out, the
life insurance cover minus the critical illness cover stays in force with reduced premium. You can opt
for this health benefit under life & health or All in one plan options.
Use Case: Priya is a 32 years old marketing consultant. She has availed a loan for buying a house. Realising
the need for protection in her fast-paced life, Priya wants to be well prepared for unforeseen circumstances in
life. ICICI Pru iProtect Smart provides the perfect solution for her needs. Priya takes ICICI Pru iProtect Smart
with a base cover of `1 Crore and a CI Benefit of `25 lakh with 30 year term. She pays an annual premium of
`16,568. At 40, Priya is diagnosed with Cervical cancer. `25 lakh is paid as a lump sum and the Policy
continues with reduced Sum Assured of `75 lakh. The subsequent premiums are proportionately reduced to
`7,304 p.a. At 52, On Priya’s unfortunate death, her nominee gets lump sum death benefit of `75 lakh and the
Policy terminates.
if the death of the life assured happens due to an accident, nominee/ legal heir will be
paid extra amount. You can add accidental cover of your choice during purchase or, even after the
purchase. Maximum accident cover available with this benefit is `2 crore. You can opt for this benefit
under life plus or All in one plan options.
Use Case: Ravi was a 34 years old sales professional. He bought `1 crore life cover iProtect Smart with `1 crore
accidental death benefit. At 37, he unfortunately passed away in an accident. Company paid `2 crore to his
nominee.
Things to do for Faster Issuance
Prepare for Medicals
Our process of medical examination is very simple. Immediately after the making payment, you will be asked to enter your pin code for medical test. Basis the pin code and type of tests required, You will be entitled to either a home visit medical test or a Medical center visit.
Home Visit:
In this option, a medical practitioner will visit your place to carry out some basic tests. You can choose the date and time of examination as per your convenience.
Medical center visit:
In this option, you will have to visit a medical center basis your pin code or in case of tests which require medical center visit like X ray, TMT (Treadmill test)etc. You can choose the date and time of examination as per your convenience.
