Top 5 ICICI Prudential Term Insurance Plans you should know about
Have you been thinking of ways to secure the future of your family? If so, then one of the best ways is to buy a term insurance plan. As you purchase a term life insurance plan, the financial future of your family is secured. Even if anything bad happens to you and you pass away within the tenure of your term insurance policy, your family will get the sum assured. The sum assured is a good amount of money which can be up to INR 1 Crore or even more. The amount can be used for repaying loans and any other debts.
The only point that can create confusion is choosing a term insurance plan. There are so many term insurance plans available in the market that it can be perplexing for anyone. However, one of the reputed insurance companies in the country is ICICI Prudential Life Insurance Company Limited. And their ICICI term plansare some of the most sought-after ones.
Why you should choose ICICI Prudential Life Insurance?
Since there are several options in the market, the question of why to choose ICICI Prudential Life Insurance may come to your mind. Here are some of the reasons that might clear your doubts.
- You can get a comprehensive life insurance plan from ICICI Prudential Life Insurance which will offer you both maturity benefits as well as death benefits at the most reasonable premiums.
- You can find various types of insurance products that serve a dual purpose, life cover as well as investment. Multiple financial objectives are fulfilled.
- Upon taking any life insurance policy from ICICI Prudential, you can enjoy tax benefits under the relevant section of the Income Tax Act, 1961.
- ICICI Prudential is known for maintaining a healthy Claim Settlement Ratio of more than 90%. This shows the credibility of the insurance company in the market.
The top ICICI Prudential Term Insurance Plans that you can opt for
Here are some of the term insurance plans offered by ICICI Prudential that you can take a look at:
ICICI PruiProtect Smart
This is one of the best term insurance plans offered by ICICI Prudential that provides you cover at affordable premium rates. Policyholders can get payout up to INR 1 Crore on the first diagnosis of 34 types of critical illnesses. The Accidental death benefit is up to INR 2 Crores. You can enjoy tax benefits up to INR 54,600 under Section 80C and 80D of the Income Tax Act, 1961. By buying this plan, you can get coverage till the age of 99 years. You also get the flexibility of paying for a limited term.
ICICI PruiCare II
This is yet another term insurance policy offered by ICICI Prudential. You can get started with the plan by paying a premium of only INR 2,400 per annum. You can either pay the premium all at once or all through the policy. You can enjoy tax benefits through this plan.
ICICI Pru Life Raksha
With ICICI Pru Life Raksha, you can secure the future of your family even when you are not around. There is no other option and you have to pay the premium amount all through the policy tenure.
ICICI Pru POS Life Raksha
You can choose a life cover that suits you and the premiums depend much on this. The other factor which decides the premium amount that you have to pay for this plan is your age. The premiums have to be paid regularly throughout the policy.
ICICI Pru POS iProtect Smart
The premiums that you pay for this term plan are available at very affordable rates. If you want you can choose accidental death benefit. Along with protecting the future of your family, you can also save taxes through this plan. You get the chance to choose coverage till the age of 65 years. The premiums can be paid monthly, half-yearly, or yearly. You can pay the premiums regularly or for a limited period.
Each of the term insurance plans from ICICI Prudential Life Insurance comes with various benefits. You can choose the one that meets your requirements. To get more information about the term plans of the company or to check out some other term insurance plans, you can take a look at the IIFL website.