The ICICI Pru iProtect Smart Term Plan is a term insurance plan offered by ICICI Prudential Life Insurance. This term insurance plan is available in four options namely Life Cover, Life Plus, Life & Health and All-in-one plan. These plans are available as a single premium payment plan as well as multiple premium payment plans. 

The various features and benefits under the ICICI Pru iProtect Smart Term Plans are mentioned below.

Additional Reading: Who Has The Best Rates On Term Life Insurance



Entry Age

Minimum 18 years

Maximum 65 years 

Maturity Age

Minimum 23 years

Maximum 75 years

Nature of plan 

Term insurance


Minimum 5 years

Maximum 40 years (up to 99 years)

Premium payment options 

Single payment

Regular pay

Limited pay

Premium Payment Frequency

Single Payment

Monthly payment

Half-yearly Payment

Yearly Payment  

Payout Options

Lumpsum payment option

Income option

Increasing Income option

Lump-Sum plus Income Option

Maturity Benefits

No payment upon maturity 

Death benefit and terminal illness benefit

100% of total life cover if diagnosed with a terminal illness

Critical illness

It covers 34 critical illnesses 

Minimum Coverage Rs. 1,00,000

Maximum Coverage Rs. 1,00,00,000

Accidental Death benefit 

Up to double the sum assured

Tax benefits

Up to Rs. 1,50,000 under Section 80C

Critical illness benefits under section 80D

The claim is tax-free under section 10(10D) 

Additional Coverage

Upon Marriage – 50% of original life cover (maximum up to Rs. 50,00,000)

Upon Birth/Legal adoption of 1st child – 25% of original life cover (maximum up to Rs. 25,00,000)

Upon Birth/Legal adoption of 2nd child – 25% of original life cover (maximum up to Rs. 25,00,000)


ICICI Pru iProtect Smart Plan Policy is a premium term insurance plan from ICICI Prudential Life Insurance. The plan has multiple benefits for the policyholders and can be bought for the lifetime of the insured person.

Additional Reading: How To Select The Best Term Insurance Plan