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ICICI Prudential Life Insurance Income Replacement in Kerala

The ICICI Prudential Life Insurance Income Replacement Plan offers an important backup plan for families in Kerala. This term insurance policy ensures your loved ones receive a consistent monthly income if you're no longer able to provide for them. It serves as a financial buffer, helping your family maintain their standard of living even during difficult times.

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Let's explore how ICICI Prudential Life Insurance Income Replacement can protect your family's future and provide peace of mind.

What is the ICICI Prudential Life Insurance Income Replacement Plan?

The ICICI Prudential Life Insurance Income Replacement Plan is a unique term insurance option that offers death benefits. It's designed to provide ongoing financial support to your family if you're no longer there. Here's how it works:

Instead of a large lump sum, this income replacement plan gives your loved ones a steady monthly income. For instance, if you bring home ₹45,000 each month, the ICICI Prudential life insurance plan can ensure your family receives a similar amount every month after your passing. This regular income acts as a support for your family during challenging times, helping them maintain their lifestyle and meet everyday expenses.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Why is ICICI Prudential Income Replacement Important for Families in Kerala?

Kerala had 283,290 households with 9 or more members. And 2% of Kerala's population is over 65 years old. This increases the chances of a financial crisis if something unfortunate happens. That's why having an ICICI Prudential Life Insurance Income Replacement Plan is so important. 

Instead of leaving your family with a one-time payment, it provides a steady stream of money each month. Think of it as a financial safety net. The ICICI Prudential Life Insurance plan ensures your family has a reliable income, even when you're not around.

What are the Key Features of ICICI Prudential Life Insurance Income Replacement in Kerala?

  • Affordable Premiums: ICICI Prudential Life Insurance Policy offers this plan at prices most Kerala families can manage. The cost depends on your income and age. You can get up to ₹1 crore coverage for just ₹485 per month.

  • Steady Monthly Income: Your family gets a fixed amount each month for a set time period.

  • Customisable Payout: ICICI Prudential Life Insurance lets you choose how much your family will receive monthly. You can adjust it to fit your family's specific needs.

  • Tax Benefits: Investing in this plan helps you save on taxes. The premiums qualify for term insurance tax benefits under Section 80C of the Income Tax Act.

  • Flexible Coverage Duration: You can pick the policy length, from 10 to 30 years, based on your family's needs and financial goals.

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How Does the ICICI Prudential Life Insurance Income Replacement in Kerala Work?

  • Choose Your Plan: Consider your family's needs and budget. Choose a plan that provides the right monthly amount for the right number of years.

  • On-time Premium Payment: Keep your ICICI Prudential Life Insurance active by paying premiums when they're due.

  • Death Benefits: If something happens to you, ICICI Prudential Life Insurance takes care of your loved ones. They'll get a fixed amount each month to help with daily expenses.

  • End of Policy Term: If no claims are made during your policy term, there won't be any payouts when it ends.

Life Insurer Piller

What are the Benefits of Choosing an ICICI Prudential Life Income Replacement Plan in Kerala?

  • Supports Family Goals: ICICI Prudential Life Insurance ensures your family receives regular income, helping them pursue their dreams even in your absence.

  • Worry-Free Living: With ICICI Prudential Life Insurance, you can rest easy knowing your loved ones will have financial stability.

  • Stable Finances: Monthly payments from ICICI Prudential Life Insurance help your family maintain their lifestyle without financial stress.

  • Budget-friendly Premium: ICICI Prudential Life Insurance offers affordable plans, making it accessible for Kerala residents to secure comprehensive coverage.

  • Tax Advantages: ICICI Prudential Life Insurance premiums are eligible for tax deductions, and you can save on taxes while safeguarding your family's future.

How to Buy ICICI Prudential Life Insurance Income Replacement in Kerala?

  • Visit Policybazaar.com and go to the term insurance section.

  • Enter basic details, like your name, gender, and contact number.

  • Complete your profile by selecting your smoking habits, job type, yearly income, and education level.

  • Choose the best income replacement plan that fits your requirements.

  • Complete your premium payment.

If you need further assistance, you can log in to the ICICI Prudential Life Insurance login portal to manage your policy or contact ICICI Prudential Life Insurance customer care for support.

Final Thoughts

The ICICI Prudential Life Insurance Income Replacement Plan helps families in Kerala by providing consistent financial support when it is most needed. This plan assures that your loved ones are financially secure even in your absence. With low premiums and flexible options, ICICI Prudential Life Insurance protects your family's future while providing stability and peace of mind.


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˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com  in the first 6 months of FY 24-25.

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

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.



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