December 22, 2011 by akhilendra
ICICI Pru iCare Term Insurance Plan
ICICI Pru iCare Term Insurance Plan is a term insurance plan from icici prudential life insurance company. ICICI prudential is a leading life insurance company in India. They offer multiple kind of term insurance policies and ICICI Pru icare is one of them.
| Minimum / Maximum age at entry | 18 / 65 years (age last birthday) | ||||||
| Minimum Policy term | 5 years | ||||||
| Maximum Policy term | Regular Pay: 30 years One Pay: 10 years Policy term will be in multiples of 5 years |
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| Maximum age at policy expiry | 75 years (age last birthday) | ||||||
| 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.) | ||||||
| Maximum Sum Assured |
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| Premium payment option | Regular Pay. Company may offer One Pay option for 5 and 10 year policy terms. | ||||||
| Mode of premium payment | Regular Pay: Yearly One Pay: Single |
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| Tax benefits | Premium paid towards the policy will be eligible for tax benefits u/s 80C of the Income Tax Act, 1961 2 |
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