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Home › Compare Policies › ICICI Pru iProtect Smart Plus

ICICI Pru iProtect Smart Plus ⭐ Editor's Choice

ICICI Prudential Life Insurance Company Limited

Term Life Insurance

UIN: 105N205V05 Updated: Jun 2026 Score: 85 / 100
ICICI_Pru_iProtect_Smart_Plus_Brochure 5.5 MB
ICICI_Pru_iProtect_Smart_Plus_Valid_from_20062025_to_till_date_UIN_105N205V01 WARDING 0.1 MB

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Quick Information

Basic Details

Entry Age 18 to 65 years
Coverage Amount Not specified
Policy Term Up to 81 years
Premium Payment Up to 60 years
Claim Settlement 99.31% (FY 2024-2025)
Claims Settled <30 Days 98.15%

Best For

Families needing comprehensive coverage
People who want no room rent restrictions
Those preferring cashless treatments
Individuals looking for AYUSH coverage
Senior citizens seeking reliable cover

What Works Well

99.31% Claim Settlement Ratio

98.15% claims settled within 30 days

Coverage available up to age 99

Terminal illness benefit included

Premium Break feature available

Instant claim relief up to ₹3 lakh

Watch Out For

Premium higher than several competitors

Very long death claim form

Terminal illness benefit not available for POS sourced policies

Plan variant cannot be changed later

Premium Break is deferment not waiver

Critical illness rider has waiting period conditions

Hidden Clauses - Read Very Carefully!

These clauses are often buried in fine print. MyInsureBuddy surfaces them so you're never surprised at claim time.

Policy must remain in-force for full death benefit eligibility
Terminal illness requires certification by two independent medical practitioners
Terminal illness must be expected to result in death within 6 months
Terminal illness benefit is accelerated death benefit and not additional cover
Terminal illness benefit not available for POS sourced policies
Plan variant once selected cannot be changed

⚡ At a Glance

Whole Life Cover Income Benefit Monthly Income Option Smoker Allowed Terminal Illness Cover Increasing Cover Critical Illness Rider Accidental Death Rider

Death Benefit Options

•Lump Sum
•Income
•Combination
•Increasing Income

Premium Payment Options

•Regular Pay
•Limited Pay
•Single Pay

Premium Frequency

•Yearly
•Half-Yearly
•Monthly

Available Riders

•Critical Illness Rider: Coverage for up to 60 listed critical illnesses with cover up to ₹1.5 Crore. Waiting period and survival period conditions apply.
•Accidental Death Benefit Rider: Additional accidental death benefit up to 3x base cover subject to underwriting limits and policy terms.
•Health Protect Rider: Provides critical illness protection and additional health-related benefits depending on selected rider option.

Claims Experience

•Claim Settlement Ratio: 99.31%
•Claim Settlement Value Ratio: 98.06%
•Claims Settled Within 30 Days: 98.15%
•Claim Complaints: 0.07%
•Online Claim Tracking Available
•Personal Relationship Manager Available

Customer Service Analysis

•Customer Service Rating: 4.7/5
•Toll-Free Response: Quick
•Twitter/X Response: Slow
•After-Sales Complaint Ratio: 0.42%
•Large Branch Network
•Digital Claim Processing Available

Life Stage Protection Matrix

•Marriage: +50% Cover
•First Child: +25% Cover
•Second Child: +25% Cover
•Home Loan: +100% Cover

Not Available / Limitations

•No maturity benefit in pure term variant
•No surrender benefit in regular term structure
•No joint life option
•No accidental disability rider
•No waiver of premium rider in current structure
•Terminal illness benefit unavailable for POS sourced policies

📌 Other Custom Details

•Founded Year: 2001
•Claims Settled 30 Days Percent: 98.15
•Is Editors Choice: 1

Age-wise Premium Breakdown

AgePremium (approx)
18-25 Years₹4,200 - 13,800
26-35 Years₹5,200 - 17,500
36-45 Years₹9,800 - 34,800

Premium by Cover Amount

Cover AmountPremium (approx)
₹50 Lakh₹5,200
₹1 Cr₹9,200
₹2 Cr₹17,500
₹5 Cr₹42,000

Official Policy PDF

Download the official IRDAI-filed brochure from ICICI Prudential Life Insurance Company Limited.

Download (5.5 MB)

MyInsureBuddy Score

85
Recommended
Among top 20% in category
Claim Settlement 92%
Product Benefits 96%
Value for Money 60%
Flexibility 93%
Rider Strength 73%
Hidden Risk Safety 60%
Risk Level Very Low Risk (2/10)

Quick Actions

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