ICICI Prudential iCare II Term Plan

A plan that helps to ensure that your family lead their life without any financial problems when you are not around. It makes your family secured at all times. A term plan is one which gives only death benefits and does not provide any benefits on the survival of the policy holder till the end of the policy term.

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Key Features

  • Financial coverage at affordable cost
  • Reduced premium for non-tobacco users

Benefits

  • Maturity benefit
No maturity benefit is available on this policy.
  • Death benefit
  • Option 1 – Sum assured is given to the nominee.
  • Option 2 – Sum assured plus accidental death benefit is given to the nominee.

    • Am I eligible?

    PARAMETER MINIMUM MAXIMUM
    ENTRY AGE 18 60
    POLICY TERM Regular pay – 5,10,15,20,25 and 30 One pay – 5 and 10
    AGE OF MATURITY - 65
    SUM ASSURED 85,000 NO LIMIT
    PREMIUM PAYEMENT TERM REGULAR, SINGLE
    PAYMENT TERMS ANNUAL, SEMI-ANNUAL, QUARTERLY, MONTHLY

    What if?

    • I am unable to pay on time
    A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.
    • I stop the payment
    On the completion of the grace period the policy will get lapsed and the benefits cannot be claimed on the death of the life insured.
    • I wish to take a loan
    Loan options are not available in this policy.

    Exclusions

    • Death benefit
    If the life assured commits suicide then the money returned will be the amount of the premiums paid.
    • Accident benefit
  • Death caused due to the consumption of alcohol
  • Death occurred on account of taking part in professional sports
  • Life assured committing any criminal offence
  • Sky diving and parachuting accidents