Prices Increasing Soon
Securing your family's financial future requires careful planning and commitment. The ICICI 5 Crore term insurance plan provides a Rs. 5 Crore death benefit to your nominee if you unexpectedly pass away during the policy term. ICICI Prudential Life Insurance offers this coverage at reasonable premium rates, thereby, making sure your loved ones are financially secured in the long run. Here is a detailed understanding of ICICI 5 Crore Term Insurance.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
The ICICI 5 Crore Term Insurance Plan is designed to provide financial protection for your family in the unfortunate event of your sudden death. By offering a significant lump sum death benefit of Rs. 5 Crore, this term plan ensures that your loved ones’ futures are secured and can maintain their standard of living even in your absence. With this coverage, you can be assured that expenses, such as mortgage payments, children's education, daily living costs, etc. will be taken care of, allowing your family to focus on rebuilding their lives without the added stress of financial uncertainty.
Term Plans
You should buy Term Insurance from ICICI Prudential Life Insurance because of the following reasons:
| Highlights | |
| ICICI Prudential Life Insurance Claim Settlement Ratio (CSR) | 95.30% (FY 2023-24) |
| ICICI Prudential Life Insurance Solvency Ratio | 2.06 (FY 2023-24) |
| ICICI Prudential Life Insurance Extra Benefits | Critical illness rider, Terminal Illness Rider, Waiver of Premium rider, Accidental death benefit rider, Life Stage benefit |
| Records of ICICI Prudential Life Insurance | 1st Insurance Company of India to be listed on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) |
Here are some of the key benefits of buying the ICICI Term Insurance plan for 5 Crore life cover:
Budget-Friendly Coverage: The 5 Crore term insurance plan by ICICI Prudential Life Insurance is affordable, providing basic term plan benefits at lower premiums, starting at Rs. 3,731/month.
*Note: Result for 30-year old male (non-smoker; earning 10-15 Lakhs per annum) who bought ICICI 5 Crore term plan for 30 year policy term.
Added Protection: The ICICI 5 Crore term insurance plan includes added benefits through riders, that provide protection for risks like accidental death benefit, critical illness benefit, terminal illness benefit, and waiver of premium benefit.
Financial Support for Your Loved Ones: The ICICI 5 Crore Term Insurance plan ensures your family's financial needs are covered if you pass away. Your nominees can use the death benefit to settle loans, manage debts, or cover household and personal expenses.
Easy Online Purchase: Buying the ICICI 5 Crore Term Insurance plan online is simple and convenient. Through Policybazaar, you can purchase the plan easily from the comfort of your home, without needing to visit a branch or wait in queues. You can pay your first ICICI Term Insurance premium payment on the Policybazaar website/app very easily.
Flexible Payouts: You can choose how to receive the ICICI Prudential life insurance death benefit, either as a lump sum or as monthly income payments, giving you control over managing expenses. This flexibility allows your family to manage expenses more effectively, whether they need a significant amount immediately or prefer a steady flow of income to cover ongoing costs.
Tax Benefits: The plan also offers tax deductions under sections 80C of the Income Tax Act, 1961. Additionally, the death benefit received by your nominees is exempt from tax under Section 10(10D), ensuring that the full benefit amount is available to support your family's financial needs without any tax liabilities.
*Note: Use the term insurance calculator for estimating the premium of your term insurance plan. Or use the HLV Calculator to find out the ideal life cover for your loved ones’ security.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
Compare 40+ plans from 15 Insurers
The best ICICI 5 Crore Term Insurance that you can easily buy online from Policybazaar is ICICI Prudential iProtect Smart.
ICICI Pru iProtect Smart is a term insurance plan designed to protect your family's financial future. This plan offers women coverage for breast or cervical cancer under the accelerated critical illness benefit. Additionally, customers can get their premiums back (excluding GST) if they exit the policy at age 60, provided the cover is till age 65 or above.
Here are some reasons why you should consider buying the ICICI Prudential Life eTouch plan:
This life insurance plan provides comprehensive coverage for terminal illness, disability, and death.
Policyholders can also choose the Accelerated Critical Illness Benefit and Accidental Death Benefit.
You can pay the premium as a one-time payment, for a limited period, or throughout the policy term.
Policyholders can choose to receive the benefit as a lump sum, as monthly income for 10 years, or a combination of both.
Enjoy smart exit option and get back all premiums paid when the term plan is no longer required.
Women can enjoy a 15% lifetime premium discount and an additional first-year discount for salaried women.
Women also receive coverage for breast and cervical cancers under the accelerated critical illness benefit.
The plan provides special premium rates for life and accelerated critical illness benefit cover.
Claim tax benefits under applicable sections of the Income Tax Act of 1961.
The eligibility conditions to buy ICICI Prudential iProtect Smart Plan are as follows:
| Criteria | Minimum | Maximum |
| Entry Age | 18 years | 65 years |
| Maturity Age | 85 years | |
| Policy Term | 10 years | 99 years |
| Sum Assured | 50 Lacs | 20 Crores |
| Premium Payment Terms | Regular and Limited Pay | |
| Premium Payment Modes | Monthly, Half-yearly, and Yearly | |
Here are the steps to buy a 5 Crore term insurance plan from Policybazaar:
Step 1: Visit Policybazaar’s official website and click on Term Insurance
Step 2: Fill in your basic details like Name, DoB, and contact number and click on ‘View Plans’.
Step 3: Answer questions regarding smoking habits, annual income, type of occupation, and educational qualifications. Do not forget to select 5 Crore as your life cover.
Step 4: A list of all available term insurance plans will be displayed. Select the ICICI Prudential Term Insurance plan from the available list.
Step 5: Pay using your preferred payment method to complete the purchase.
You can contact Policybazaar with the help of these helpline numbers:
To Buy New Policy: Call Policybazaar's helpline at 1800-208-8787.
For Help Regarding Existing Booking: Call Policybazaar’s helpline at 1800-258-5970.
Claim Assistance Helpline: Call Policybazaar's helpline at 1800-258-5881.
*Note: You can also manage your claims conveniently by logging into 'My Account' on the Policybazaar website.
Policybazaar App: Download the Policybazaar app for quick customer support. You can address any insurance-related questions directly through the app.
*Note: You can always contact Policybazaar Insurance Advisor for any assistance or to clear doubts and confusion.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Annual Renewable Term Insurance (ATR) is tailored for short-term
Read more
The ICICI Pru iProtect Super Plan is a pure-term insurance plan
Read more
Many people wonder about its tax benefits when purchasing a term
Read more
Studying abroad can be a life-changing experience, offering
Read more
The divide between rural and urban lifestyles in Tamil Nadu is
Read moreInsurance
Calculators
Payment Methods
Secured With
Follow us on
