Term Insurance is a type of Life Insurance policy that provides coverage for a certain period or a specified ‘term’ of years. ICICI Pru iProtect Supreme Term Insurance safeguards your family against life’s uncertainties and provides you with two plan options as per your need – with & without return of premium.
0Life Cover is the benefit payable on death of the life assured during the policy term. 1100% return of premiums refers to the total of all premiums paid under the base product, excluding any extra premium, any rider premium i.e. ICICI Pru Non-linked Accidental Death and Disability Rider, and taxes, if any. 2A Life Assured shall be regarded as Terminally Ill only if that Life Assured is diagnosed as suffering from a condition which, in the opinion of two independent medical practitioner’s specializing in treatment of such illness, is highly likely to lead to death within 6 months. The terminal illness must be diagnosed and confirmed by medical practitioner’s registered with the Indian Medical Association and approved by the Company. The Company reserves the right for independent assessment 3You can choose to increase the level of life cover at the key milestones of marriage and child birth/ adoption of child without any medicals as below, provided no claim has been admitted for any benefits (including rider benefits) under the policy and the policy is in force.
| Event | Additional Sum Assured (percentage of original Sum Assured) | Subject to maximum additional sum assured |
| Marriage | 50% | Rs. 50,00,000 |
| Birth / Legal adoption of 1st child | 25% | Rs. 25,00,000 |
| Birth / Legal adoption of 2nd child | 25% | Rs. 25,00,000 |
On exercising the option, You will have to pay an additional premium for the additional Sum Assured for the outstanding term of the policy based on the then age of the Life Assured. This feature is available only with Regular premium payment option. Such increase in sum assured is only applicable to base product life cover and not rider cover. 4Tax benefit of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at the highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cess, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details. 5 91.74mn lives are covered across our individuals and group customers as per ICICI Prudential Annual Report 2025. Please refer to the Public Disclosure section on ICICI Prudential website for more details.
!jClaim settlement ratio is for Financial Year FY2023-24 and is computed on individual basis claims settled over total individual claims for the financial year. For details, refer to Source: click here
ICICI Pru iProtect Supreme. Form No.:T68 and T69. UIN: 105N193V02 ; ICICI Pru Non Linked Accidental Death and Disability Rider UIN:105B042V02
ICICI Bank Limited (‘ICICI Bank’) with registered office at ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, 390 007, Gujarat (CIN: L65190GJ1994PLC021012) is a corporate agent (Composite, IRDAI Registration No. : CA0112 valid till Mar 31, 2025) of ICICI Prudential Life Insurance Company Limited (‘ICICI PruLife’). Insurance is underwritten by ICICI PruLife. Purchase by ICICI Bank’s customer of any insurance products is purely voluntary and is not linked to availing of any other facility from ICICI Bank. The products, services and benefits referred to herein are subject to Terms and Conditions governing them as specified by ICICI PruLife from time to time. ICICI Bank shall not be liable or responsible for any loss resulting from insurance company's products/ services. For any other query, please visit bimabharosa.irdai.gov.in/Home/Home or write to lifeline@iciciprulife.com Time limit on the validity: Subject to applicable laws, all the information given above is valid for the term of the policy purchased. BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
