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ICICI Pru Life launches new online term plan 'iCare'


ICICI Prudential Life has launched low-cost online term plan ‘iCare’. This is the second online term plan by ICICI Pru life after ‘iProtect’. It has add on accidental rider option.

Key Features
1- Flexibility to choose protection cover based on your needs from:
Option I: Death benefit equal to Sum Assured
Option II: An additional death benefit equal to Sum Assured or 50 lakhs, whichever is lower, payable only in case of death due to accident
2- Instant life insurance cover through a simple online application process
3- Insurance cover at extremely affordable premiums
4- Tax benefits under section 80C of IT Act on the premiums paid

Minimum age at entry 18 years (age last birthday)
Maximum age at entry 65 years (age last birthday)
Minimum Policy Term Regular Pay: 30 years
One Pay: 10 years
Minimum premium Rs. 3,000 (excluding service tax and education cess)
Accidental Death Benefit (Only with iCare Option II) Equal to Sum Assured, subject to a maximum of Rs. 50 lakhs
Minimum Sum Assured Rs. 10 lakhs subject to a minimum premium of Rs. 3,000 (excluding service tax and cesses, as applicable.)

The plan can be bought via –
1- Online
2- Advisor
3- Nearest ICICI Pru Life branch