How to buy ICICI Pru iProtect Smart Term Insurance plan in 3 simple steps through Home Credit

Did you know,  you can save on premium by taking a Term Insurance plan early in your life?
Get your Term Insurance today on the Home Credit India App!
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Why choose Term Insurance plan

Higher coverage at affordable premium
Affordable premium

Higher coverage at affordable premium

Covers natural death
Enhanced Protection

Covers natural death, death due to illness or accident, and permanent disability

Accessible Services
Accessible Services

Available anytime & anywhere across India

No need to pay the premium
Waiver of premium in case of permanent disability

No need to pay the premium in case of permanent disability.

Benefits, Eligibility Criteria & Plans

Key Features of ICICI Pru iProtect Smart

  • - Enhanced Protection: Coverage against Death, Terminal Illness
  • - Comprehensive additional benefits like Accidental Death benefits, Waiver of premium on permanent disability
  • - Special premium rates for non-tobacco users
  • - Need-based benefit pay-out: Choose to receive the benefit either in a lump sum or on a monthly basis
  • - Tax Benefits as per the prevailing tax laws


Eligibility Conditions & Other Details

Premium payment option Premium payment term Min/Max policy term Min/Max age at entry
Regular Pay Equal to policy term
  • • Min Policy term: 5 years
    Max Policy Term: 85 years less age at entry
  • • Whole life (99 years less age at entry)
18 years/ 65 years
  • - Minimum Sum Assured: ₹50 Lakh
  • - Maximum Sum Assured: ₹100 Crore (subject to approvals from ICICI Prudential)
  • - Mode of Premium Payment: Yearly, Half yearly and Monthly
  • - Maturity/Survival/Paid-up Benefit: NA
  • - Free Look period: 30 days


For more details, please download the ICICI Pru iProtect Smart brochure

*Terms & Conditions Apply

Frequently Asked Questions

What is Term Insurance plan?

Term Insurance is a type of life insurance policy that provides coverage for a specific period. In the event of the death of the Insured during the term of the policy, the Sum Assured is paid out to the nominee as a death benefit, provided the policy is active.

Why should I buy Term Insurance?
What is the difference between Term Insurance and Traditional Life Insurance?
When should I buy a term plan and how much sum assured / cover should I take?
Will my premium amount change during the tenure of the policy?
Is there any Free Look period?
Is it secure to buy Term Insurance plans online?
Will I have a problem at the time of claim if I buy online Term Insurance plan?
What are the tax benefits if I buy insurance plan?
Can I change the duration of life cover after the policy is issued to me?
Would my policy lapse if I don’t pay my premium once?
Are deaths due to Coronavirus covered under the Term Insurance plan sold by Home Credit?
Can I get a duplicate policy copy in case I misplace my original ones?
Can I take Term Insurance plans from the multiple insurance companies?
If I take multiple term insurance plans from different insurance companies, in the event of death, will the company pay up on the multiple claims or is there a possibility of some claims getting rejected?

HOME CREDIT INDIA FINANCE PRIVATE LIMITED, (Registered office – 3rd Floor, Infinity Tower – C, DLF Cyber City, Phase II, Gurugram, Haryana) is an authorized corporate agent registered with IRDAI License No. CA0673. For complete details on the benefits, coverage, terms & conditions and exclusions, do read the sales brochure, prospectus and policy wordings carefully before concluding sale. The Insurance product is underwritten by the Insurer and is solely responsible for the servicing and adjudicating of claims.

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