ICICI Term Insurance plans have been designed to financially secure the family of the insured individual by paying out a lump sum benefit should the individual pass away. Such plans provide a high life insurance cover in exchange for a relatively low premium payment.

The different ICICI Term Insurance plans available in the market are:

1. ICICI Pru iprotect Smart

It offers financial security and protection against a host of risks like death, diagnosis of any of the 34 listed critical illnesses and accidents.

2. ICICI Pru icare II

In the event of the demise of the insured individual, his/her family will receive a lump sum payout from the insurance company. The benefit paid out to the nominee will be either:

Option A - a lump sum amount equal to the sum assured as selected by the policyholder, or

Option B (applicable in case of regular pay option) - in the event of death due to an accident, the insurance company will pay an additional amount that equals to the sum assured (chosen by the policyholder) or ?50 lakhs, whichever is lower.

3. ICICI Pru Life Raksha

Should the insured individual pass away within 5 years of availing this cover, his/her loved ones stand to receive a lump sum amount.

To know more about the ICICI Term Insurance plans, write to support@oneinsure.com or give us a ring at 86559 86559.