Life cover

Accidental Death
Benefit
(Optional)

Tax benefit
 You strive to provide comfort, happiness, and security to your family
and you would want your family’s future to be secured at all times.
ICICI Pru POS - iProtect Smart gives you the flexibility to design your
safety net so that you can protect your family’s future to ensure that
they lead their lives comfortably without any financial worries, even in
your absence. This plan also offers you the option to enhance your
coverage against Accidental Death.

Key features

Secure your family with affordable premiums

Additional Accidental Death Benefit: Boost your protection cover with accidental death benefit

Simplified process: Start your policy hassle free without medical examination.

Special premium rates for women for life cover

Flexibility to pay premiums once, for a limited period or throughout the policy term

Tax benefits: on premiums paid and benefits received as per the prevailing tax laws
How does this plan protect you

You can choose your level of protection by selecting one of the below benefit options:

Benefit Option Benefits

Life Death Benefit

Life Plus Death Benefit + Accidental Death Benefit

Death Benefit is the Sum Assured chosen by you.

Your premium will vary depending on the benefit option chosen. Accidental Death Benefit has to be chosen at Policy inception.
It cannot be added to your Policy during the Policy term.

Benefits in detail

Life Option

On your unfortunate death, we will pay the Death Benefit (DB) as lump sum to your nominee/legal heir.
The policy will terminate on payment of this benefit. Death Benefit is the Sum Assured chosen by you.

Life Plus Option

In addition to the Death Benefit, you are also covered for Accidental Death (AD) Benefit.In case of death due to an accident, we
will pay your nominee/ legal heirAD Benefit. This benefit ensures that you enhance your coverage significantly at very affordable
rates. The policy will terminate on payment of these benefits.
Eligibility conditions

Minimum / Maximum age at entry 18 / 60 years

Minimum / Maximum age at maturity 23 / 65 years
Single Pay : 5 years
Minimum Policy term Regular Pay : 5 years
Limited Pay : 10 years
Single Pay : 20 years
Maximum Policy term Limited Pay : 40 years
Regular Pay : 65 years less age at entry
Premium Payment Options Single Pay, Regular Pay, Limited Pay
Single Pay : Single
Premium Payment Terms Regular Pay : Same as Policy Term
Limited Pay : Policy Term – 5 years
` 2,400 excluding applicable taxes such as Goods and Services tax
Minimum Premium
and/or cesses
Equal to Sum Assured chosen by you, subject to a maximum limit as per
Accidental Death Benefit
the Board Approved Underwriting Policy
Minimum Sum Assured Subject to the minimum premium
Maximum Sum Assured Unlimited (subject to Board Approved Underwriting Policy)
Mode of Premium Payment Single, Yearly, Half-yearly and Monthly

Sum Assured will be offered in multiple of `50,000.

Safeguard your Family’s future in 2 steps

Decide the amount of protection you need and the benefit option

Choose your policy term and premium payment term

Illustrations

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 unforseen circumstances in life. ICICI Pru POS - iProtect Smart with
Accidential Death Benefit provides the perfect solution for her needs.

Priya takes ICICI Pru

On Priya's unfortunate
POS-iProtect Smart with Life
death, due to accident,
Plus option for sum Assured
her family gets lump sum
of ` 40 Lakhs for 30 years.
benefit of ` 80 Lakhs and
She regularly pays an
the Policy terminates.
annual premium of ` 8,294.

32 years 40 years 62 years

Anil is a 35 years old project manager in an IT company. Anil wants to ensure that his wife, three year old son and retired father
live a comfortable life in case of his untimely death. He choosesICICI Pru POS - iProtect Smart with a Death Benefit of `50 lakhs.

Anil takes ICICI Pru

POS-iProtect Smart with On Anil’s unfortunate death,
base cover of ` 50 Lakhs his family gets lump sum
for 25 years. He regularly death benefit of ` 50 Lakhs
pays an annual premium and the Policy terminates.
of ` 8,623.

35 years 47 years 60 years

 Maturity or paid-up or survival benefit
There is no maturity, paid-up value or survival benefit available under this product.

Surrender / Unexpired risk premium value

Surrender value, if any, is applicable only for Single Pay policies.
Unexpired risk premium value, if any, is applicable for Limited Pay policies.
Please refer to Point 9 and 10 of Terms & Conditions for details.
No surrender value or unexpired risk premium value is payable for Regular Pay policies.

Terms & Conditions

1 Free look period 2 Waiting Period for Death Benefit

If you are not satisfied with the policy, you may cancel it by returning the If death of the Life Assured occurs during the first 60 days from the Date of
policy document to the Company with reasons if any within: commencement of risk the Company shall refund all premiums paid
• 15 days from the date it is received (including modal loading but excluding Goods and Services Tax and Cesses,
if any) and the policy will terminate with immediate effect. Waiting period
• 30 days from the date it is received, in case of electronic policies or of 60 days is not applicable for death due to accident or on revival of lapsed
policies sourced through Distance Marketing. Distance Marketing policies.
means every activity of solicitation (including lead generation) and sale
of insurance products through the following modes: (i) voice mode,
which includes telephone-calling (ii) short messaging service (SMS)
(iii) electronic mode which includes e-mail, internet and interactive
3 Accidental Death Benefit
television (DTH) (iv) physical mode which includes direct postal mail
and newspaper and magazine inserts and (v) solicitation through any For the purpose of Accidental Death Benefit payable on accident the
means of communication other than in person. following conditions shall apply:

On cancellation of the policy during the free look period, we will return a. Death due to accident should not be caused by the following:
the premium paid subject to the deduction of: • Attempted suicide or self-inflicted injuries while sane or insane, or
a. Proportionate risk premium for the period of cover, whilst the Life Assured is under the influence of any narcotic
substance or drug or intoxicating liquor except under the direction of
b. Stamp duty paid under the policy, a medical practitioner; or
The policy shall terminate on payment of this amount and all rights, benefits • Engaging in aerial flights (including parachuting and skydiving) other
and interests under this policy will stand extinguished. than as a fare paying passenger or crew on a licensed
passenger-carrying commercial aircraft operating on a regular
scheduled route; or
• The Life Assured with criminal intent, committing any breach of law;
or
• Due to war, whether declared or not or civil commotion; or
 • Engaging in hazardous sports or pastimes, e.g. taking part in (or
practicing for) boxing, caving, climbing, horse racing, jet skiing, 7 Limited pay option
martial arts, mountaineering, off piste skiing, pot holing, power boat
racing, underwater diving, yacht racing or any race, trial or timed Premiums need to be paid only for the chosen premium payment term. Once
motor sport. premiums have been paid for the premium payment term, the policy benefits
will continue for the term of the policy.
b. Death must be caused due to accident wherein an accident means
sudden, unforeseen and involuntary event caused by external, visible
and violent means.
8 Premium discontinuance
c. The accident shall result in bodily injury or injuries to the Life Assured
independently of any other means. Such injury or injuries shall, within If the premium is not paid either on the premium due date or within the grace
180 days of the occurrence of the accident, directly and independently period, all benefits under this policy will cease.For Limited Pay policies,
of any other means cause the death of the Life Assured. In the event of Unexpired risk premium value will be payable as described in point 10.
the death of the Life Assured after 180 days of the occurrence of the
accident, the Company shall not be liable to pay this benefit.
d. The policy must be in-force at the time of accident. 9 Surrender value
e. The Company shall not be liable to pay this benefit in case the death of
the Life Assured occurs after the date of termination of the policy. Surrender value, if any, is payable only for Single Pay policies.
Surrender Value = (Single Premium *Surrender value factor/100)

4 Tax benefits
10 Unexpired risk premium value
Tax benefits under the policy are subject to conditions u/s 80Cof the Income
Tax Act, 1961. Applicable taxes such as Goods and Services tax and/or For Limited Pay policies,unexpired risk premium value, if any, will be
cesses (if any) will be charged extra, as per applicable rates.The death payable for lapsed policies on earlier of:
benefit may be taxable as per the prevailing tax laws.The tax laws are
subject to amendments from time to time. i. Death of the Life Assured within the revival period, or
ii. At the end of the revival period
Unexpired risk premium value = (Unexpired risk premium value factor/100)
5 Suicide clause X Annual Premium

In case of death due to suicide within 12 months:

i. from the date of commencement of risk of the policy, the Company will 11 Policy revival
refund higher of 80% of the total premiums paid including extra
premiums, if any till the date of death or surrender value as available on A policy which has discontinued payment of premium may be revived
date of death, provided the policy is in force or subject to underwriting and the following conditions:
ii. from the date of revival of the policy the Company will refund higher of • The application for revival is made within 5 years from the due date of
80% of the total premiums paid including extra premiums, if any till the the first unpaid premium and before the termination date of the policy.
date of death or the surrender value as available on the date of death. Revival will be based on the prevailing Board approved underwriting
On payment of this all rights, benefits and interests under the policy will policy.
stand extinguished. • The Policyholder furnishes satisfactory evidence of health of the Life
Assured as required by the prevailing Board approved underwriting
policy.
6 Grace period • The arrears of premiums together with interest at such rate as the
Company may charge for late payment of premiums are paid. The
A grace period for payment of premium of 15 days applies for monthly interest rate applicable in December 2019 is 7.97% p.a. compounded
premium payment mode and 30 days for other modes of premium payment. half yearly. The revival of the policy may be on terms different from
If the premium is not paid within the grace period, the policy shall lapse and those applicable to the policy before premiums were discontinued; for
cover will cease.
 example, extra mortality premiums may be applicable.
16 Assignment Requirements
• The Company reserves the right to not revive the policy. The revival will
take effect only if it is specifically communicated by the Company to Assignment in the Policy will be governed by Section 38 of the Insurance
the Policyholder. Act, 1938, as amended from time to time. For more details on this section,
Any change in revival conditions will be subject to prior approval from IRDAI please refer to our website.
and will be disclosed to policyholders.

12. No loans are allowed under this policy. 17 Section 41

In accordance to the Section 41 of the Insurance Act,1938, as amended

13 Modal loadings from time to time, no person shall allow or offer to allow, either directly or
indirectly, as an inducement to any person to take or renew or continue an
Loadings for various modes of premium payment are given below insurance in respect of any kind of risk relating to lives or property in India,
any rebate of the whole or part of the commission payable or any rebate of
Mode of Premium Payment Loading (as a % of Premium)
the premium shown on the policy, nor shall any person taking out or
Monthly 2.5% renewing or continuing a policy accept any rebate, except such rebate as
Semi-Annual 1.25% may be allowed in accordance with the published prospectuses or tables of
Annual NA the insurer.
Any person making default in complying with the provisions of this section
14. The bases for computing Surrender Value factors will be reviewed from shall be punishable with fine which may extend to ten lakh rupees.
time to time and the factors applicable to existing business may be
revised subject to the prior approval of the IRDAI.
18 Fraud and misrepresentation

15 Nomination Requirements Treatment will be as per Section 45 of the Insurance Act,1938 as amended
from time to time.
Nomination in the Policy will be governed by Section 39 of the Insurance
Act, 1938, as amended from time to time. For more details on this section,
please refer to our website.
 About ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank Limited and Prudential
Corporation Holdings Limited, a part of the Prudential group. ICICI Prudential began its operations in Fiscal 2001 after
receiving approval from Insurance Regulatory Development Authority of India (IRDAI) in November 2000.
ICICI Prudential Life Insurance has maintained its focus on offering a wide range of products that meet the needs of
the Indian customer at every step in life.

For more information:

Customers calling from any where in India, please dial 1860 266 7766
Do not prefix this number with “+” or “91” or “00” (local charges apply)
Customers calling us from outside India, please dial +91 22 6193 0777

Call Centre Timings: 10.00 am to 7.00 pm

Monday to Saturday, except National Holidays.
To know more, please visit www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited. IRDAI Regn. No. 105. CIN: L66010MH2000PLC127837.

ICICI Prudential Life Insurance Company Limited. Registered Address: ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai
-400025. The product brochure is indicative of the terms & conditions, warranties & exceptions contained in the insurance policy. For further
details,please refer to the policy document. In the event of conflict, if any between the terms and conditions contained in this brochure and those
contained inthe policy documents, the terms & conditions contained in the policy document shall prevail. Trade Logo displayed above belongs to ICICI
Bank Limited& Prudential IP Services Limited and used by ICICI Prudential Life Insurance Company Limited under license.ICICI Pru POS -iProtect Smart:
Form No.: T52, T53. UIN: 105N173V02. Advt. No.: L/II/0739/2019-20.

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls
are requested to lodge a police complaint.