# T&C Applied 

• ¹ Life cover is the benefit payable on death of the Life Assured during the policy term 
• ² This is one of the four available death benefit payout options. Under ‘Income’ option, a percentage of the benefit amount is payable every year throughout the income term of 10 years as chosen at policy inception. This will be paid in equal monthly instalments in advance at for income term of 10 years i.e. 0.83333% of death benefit will be payable as monthly in advance. At the time of death claim approval and at any time after the start of monthly income, the beneficiary will have the option to convert the outstanding monthly income into lump sum pay out and the Policy will terminate after the lump sum payout. The lump sum amount will be the present value of future payouts calculated at a discount rate 
• ³ Accidental Death benefit (ADB) is up to ₹3 crores (Subject to underwriting guidelines). ADB is available in Life Plus option. In case of death due to an accident Accidental Death Benefit will be paid out in addition to Death Benefit. Accidental Death Benefit policy term will be equal to the policy term of death benefit or (85-Age at entry), whichever is lower 
• ⁴Premium Break: You can get Premium Break under the product for a period extending by 12 months from the due date of first unpaid premium. During this Premium Break Period, the premium (including the rider(s) premium, additional premium (if any) for the other inbuilt benefits, any underwriting extra premium, loadings for modal premiums, applicable taxes, cesses and levies, etc. if any) due and payable for the said period will be deferred (“Deferred Amount”) but the risk cover under the policy and rider(s) will continue as per the terms and conditions of the policy and rider(s), respectively. In case of any claim under the Policy on the happening of any insured event during this period, the policyholder will receive the eligible claim amount under the policy after deducting all the deferred amount. This benefit option can be availed multiple times with at least 5 policy years between two Premium Break periods. The Premium Break will not be available during the last 3 policy years of the premium payment term  
• ⁵ In the event of the death of the Life Assured and upon subsequent receipt of intimation of the death claim (with required supporting documents) by the Company, the Company shall pay an accelerated Death Benefit of Rs. 3,00,000/- (Rupees Three Lakhs only). This will only be applicable where sum assured is greater than or equal to ₹1 crore and is not payable in case of death of the Life Assured during the first three Policy Years from the Date of Commencement of Risk or that from the Date of Revival of the policy whichever is later. The immediate payout will be done within 1 working day from the Claim Registration Date, subject to submission of required documents. In case, after the evaluation or investigation of the claim records, it is found that the Death Benefit (including the applicable accelerated death benefit) is not payable to the Claimant owning to any reason whatsoever, the Claimant shall refund the entire amount paid towards accelerated Death Benefit within 7 days of receipt of communication. In case the policyholder has opted for a Death Benefit Payout Option whereby a part or the whole of the death benefit is payable in monthly instalments, this accelerated death benefit amount will be the lowest of:
  • monthly income applicable in the first month as per the Death Benefit Payout Option chosen at policy inception 
  • amount payable as lumpsum (if Lumpsum and Income Option is chosen as Death Benefit Payout Option at policy inception), and 
  • ₹ 3,00,000. 
• ⁶A discount as mentioned below, will be offered on first year’s premium of Death Benefit, (excluding rider premiums, underwriting extra premiums and taxes) to salaried customers opting for Sum Assured greater than or equal to ₹ 10,000,000: 

• ⁷Flat 15% discount is applicable for females for across all sum-assured, as compared to male lives, Policy Term, Premium Payment Term and age combinations. The discount is only available on the base premium 
• ⁸Tax benefits are subject to conditions and other provisions of the Income Tax Act, 1961. Goods and Services tax and Cesses, 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 

© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1800 2660. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru iProtect Smart Plus, UIN:105N205V05. Advt: . W/II/0425/2025-26

The plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.

IndusInd Bank Ltd. (“IBL”) (IRDAI Registration No. CA0001) is the Corporate Agent of  ICICI Prudential Life Insurance Company Limited www.iciciprulife.com. IBL does not underwrite the risk or act as an insurer. Participation by IBL's clients in insurance products is purely voluntary and is not linked to the availing of any Banking Products/Services. The insurance Contract is between the Insurer and the Insured, and not between IBL and the Insured.

Registered Address: IndusInd Bank Limited, 2401, Gen Thimmayya Road (Cantonment), Pune – 411001.