ICICI Lombard is a well-known and trusted brand in the insurance segment in India. One of the best term insurance plans that come from ICICI Lombard is the ICICI iProtect Smart Term Plan. Here are the features of the ICICI iProtect Smart Term Plan.
Main Features of ICICI iProtect Smart Term Plan
| Minimum Entry age | 18 years (completed) |
| Maximum entry age | 60 year (nearest) |
| Maximum age at entry | 75 years (nearest) |
| Minimum policy term | 5 years |
| Maximum policy term | 40 years |
| Minimum sum assured | 3,600 per annum |
| Maximum sum assured | no limit |
| the amount can be paid yearly | amount can be paid yearly |
Good Points of ICICI iProtect Smart Term Plan
- No limit for the maximum Sum Insured limit
- You can pay your amount either cash or online through net banking/credit card/debit card/Paytm/Google Pay
- Amount Rates are different for smokers and non-smokers
- If you pay online you get to save (by 35 percent) than the offline Term Plan of ICICI Lombard.
- The optional rider that it pays if diagnosed with any of the 34 Critical Illnesses.
- It comes with 4 levels of protection
- 1) Life
- 2) Life Plus
- 3) Life and Health
- 4) All in one.
Bad Points of ICICI iProtect Smart Term Plan
- It’s more costly in comparison to other private players in the same segment.
Annual Premium For Healthy Male, Non-Smokers, Age 30 Years, Sum Insured 3,600 per annum
| Company | Amount(rupees) |
| ICICI Pru iCare II | 9470 |
| LIC e-Term | 8202 |
| Bajaj Alliance iSecure | 7623 |
| SBI Life e-Shield | 7220 |
| HDFC Life click2Protect | 6741 |
| Max Life Online Term Plan | 4775 |
| Aviva i-life | 4635 |
| Aegon Religare iTerm | 4607 |
| Reliance Online Term | 4029 |
- This proposal for your own life will be only considered. If you want to buy a policy for your wife or any other family member. You Need to Buy Separately for them.
- Not available for NRIs.
Things You Must Have to Buy This Plan
- You need to undergo a health check-up During buying plan in India.
- Bank Account Details and MICR code
- Details of medical history (if any)
- Details of family members
- Details of your all existing insurance (if any, both Private or ICICI Lombard )
- PAN Number
- Form 16 or ITR of the last three years
If you have all the above information/documents then log in ICICI Lombard and buy this plan. Medical tests are necessary for this online term insurance plan.
If you have any problem during the process of buying ICICI iProtect Smart Term Plan, then you can email contact support team of ICICI Lombard.
Things to Take Care
- No accidental benefit for the rider.
- Maximum age is 75 Yrs.
Conclusions
It’s biggest Company of ICICI Lombard for launching an online term insurance. But the pricing of the e-term is on higher side in comparison with other private company in the same segment. For non-smoker customers there is not much High Price in premium, it’s almost same as offline Term Plan of ICICI Lombard. There is also no option rider available with the ICICI iProtect Smart Term Plan. So this plan is only for customers who are looking for low price term plan with govt security and good claim settlement ratio. We would still suggested our readers to compare all the online insurance term plan and buy the one most work for you.