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幸运飞行艇开奖直播查询- Life Insurance, Retirement Planning, and Wealth Creation
~# Conditions Apply. W/II/4306/2021-22
our Term Plan ICICI Pru iProtect Smart
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Single
Option to change nominee later Save tax up to ₹54,600``
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Married without kids
Full claim payout on diagnosis of 34 critical illnesses (optional)^ Option to increase life cover at the time of 1st & 2nd child birth, without any medicals
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Married with kid
Full claim payout on diagnosis of 34 critical illnesses (optional)^ You can choose how your family will get the life cover amount - as lump sum and/or monthly income
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Working woman
Special rates for women Full claim payout on diagnosis of 34 critical illnesses (optional)^
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Self employed
MWPA – Protection against wrongful claims Additional payout up to ₹2 Crore in case of death due to accident^^
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Paying off a loan
Large sum assured to cover your loan amount Full claim payout on diagnosis of 34 critical illnesses (optional)^ which can be used to pay your EMIs
Life Insurance
A life insurance plan is a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium after a set period or upon the death of an insured person. Life insurance offers you and your family financial protection. Some policies also offer optional add-ons, such as critical illness benefit, accidental death benefit, and more. The importance of life insurance cannot be ignored in ensuring the financial safety of your loved ones.
- Financial security: Life insurance products can provide you and your loved ones with financial security. You can financially secure your family by choosing a substantial life cover so that they can maintain their standard of living in your absence
- Wealth creation: These plans help you create wealth over time and build savings. Life insurance plans can be used to save for your future needs. They offer options to cover different types of risks and goals
- Disciplined investment: With regular premium payments, life insurance plans inculcate financial discipline. They offer unique investment opportunities for every risk type with a wide range of products, such as unit linked investment plans, guaranteed savings plans, endowment plans, and more
- Retirement planning: Life insurance products like annuity plans, savings plans, endowment plans, and other help you build a retirement pool. These plans offer guaranteed income on maturity and help you secure your retirement with adequate savings
- Tax savings: Life insurance plans offer many tax` benefits to facilitate better savings. The premiums paid are tax` deductible under Section 80C and 80D of the Income Tax Act, 1961. The maturity benefits also enjoy a tax-free` status under Section 10(10D) in most cases
- Term life insurance plan: Term insurance plans offer your nominee a fixed sum assured amount in exchange of regular premiums, in case of an unfortunate incident during the policy term
- Unit linked insurance plan (ULIP): A unit-linked insurance plan offers investment and insurance under the same policy. A part of your premium gets invested in equity/ debt/ balanced funds as per your choice and the other part is used to secure your loved ones with a sum assured
- Endowment plan: An endowment plan allows you to build risk-free savings and protect the financial interests of your family in your absence
- Annuity plan: An annuity plan is a type of retirement plan that offers you a regular payment in return for a lump sum investment. In simple words, you pay the life insurance company a premium in lump sum and your money is returned to you as regular income either immediately or after a certain period of time. The life insurance company invests your money and pays back the returns generated from it to you as payouts
- Newly married couples: Life insurance can offer newly married couples peace of mind and financial security. It can help your spouse live their life comfortably and meet all financial liabilities
- Parents with young children: Parents with young children can purchase life insurance to ensure that their children have a financial cushion to fall back on if they are not around to take care of them. Insurance plans can also help parents save for their kids’ future needs
- People nearing retirement with fewer savings: Life insurance plans allow you to save and invest your money. You can opt for low-risk options and secure your retirement and old age
- Business owners: Life insurance benefits can help your family carry on your business in your absence. The pay-outs can also help them pay off creditors or clear your debts
- It protects your loved ones and allows them to lead a dignified and comfortable life in your absence
- It lets you create an additional source of income to meet your goals
- It helps you cover medical costs with add-on coverage
- It offers you peace of mind
- It helps you save for your old age
- It ensures a regular stream of income even after retirement
- It helps you provide for your child’s education and future needs
Here are some of the most important factors that you must consider before choosing a sum assured amount for life insurance:
- Debt: Financial liabilities like loans can become a burden on your family in your absence. Take cognizance of your debt and pick a life insurance amount that can be used to repay it
- Dependents: Consider the expenses of dependent family members like minor children and ageing parents. Different circumstances may necessitate different coverage needs. So, pick an appropriate amount of life insurance as per their lifestyle and requirements
- Financial goals: Financial goals like retirement planning, children's higher education, marriage, medical expenses, and others must also be considered while selecting the sum assured for life
- Age: Different stages of life present different financial needs. Hence, keep the age of your dependents in mind while calculating your life insurance coverage
- Age: Age is one of the chief factors that impact the life insurance premium. As you age, the possibility of the insurer paying the claim also increases. This is why the premium rises with age
- Gender: Women tend to live longer than men $$ . Hence, they pay the premium for a longer period. This results in a comparatively lower life insurance premium
- Present health and medical history: You have to undergo a medical test before purchasing a life insurance policy so that the insurer can assess your health status. Having a history of medical issues can increase the premium for life insurance. Family health history and hereditary diseases can also impact the life insurance premium
- Lifestyle: Poor lifestyle choices like smoking and drinking can increase the risk of certain ailments. This impacts the premium amount for a life insurance plan
- You can file a claim online, at a physical branch central office, or on our central ClaimCare helpline through SMS or e-mail
- You can visit the Claims section of the ICICI Prudential website to submit an online claim
- You can call us at our 24x7 ClaimCare helpline number at 1860 266 7766
- You can e-mail us at claimsupport@iciciprulife.com
Please submit the following information along with the claim:
- Claimant statement form
- Death certificate in case of death claims
- Medical papers, diagnosis reports, and other necessary documents
- Your identity proof, address proof, and a cancelled cheque or copy of your bank passbook
