Adulting is tough. One moment, you're paying your EMIs, searching for tax-saving tips, and in the midst of this, you're also wondering whether life insurance is important. Well, it is. Why? Because life is unpredictable, and while you're doing your best to make a good life, things can go south anytime. Surely, life insurance isn't the first or most exciting thing to be discussed at the brunch table, but it is one thing that keeps your family financially safe and intact, even when you're not in it.
ICICI Prudential iProtect Smart Life is a term insurance plan that secures your dreams to protect your loved ones and their comfort at all times. With enhanced coverage for accidental death and accelerated critical illness, and affordable premiums to help you have a policy in your budget, it ensures comprehensive coverage without breaking the bank.
Highlights ICICI Prudential iProtect Smart Life Insurance
Comprehensive plan with additional benefits like accelerated critical illness or accidental death benefit.
Special premiums for non-tobacco users.
Special 15% discount for women on life cover premiums.
Flexibility to choose payout options and premium payment.
HDFC ERGO Health Insurance Company
Health Insurance Company
HDFC ERGO Health Insurance company is a part of HDFC ERGO General Insurance Company Ltd., which is a joint venture between HDFC Ltd., and ERGO International AG. As a General Insurance provider, HDFC ERGO offers an entire range of products under the general insurance category like Motor insurance, Health insurance, Travel insurance, as well as Home and Personal Accident insurance. They also offer customized products such as Marine insurance, Property insurance, along with Liability Insurance. The company has over 9700+ employees working in more than 200 branches of the company across 170+ cities in India. In terms of claim settlement, HDFC ERGO health insurance claim settlement ratio is one of the best in the industry with the company claiming to settle 1 claim per minute and approve claim within 20 minutes.
Claims Experience
% of claims settled in less than 30 days Reflects on the speed of settling valid claims
% of Complaints received on overall claims % customers unhappy with claims experience
Claims Incurred Ratio Claim Settlement Ratio (No. of claims) What % of the claims received were paid?
No. of Cashless Hospitals 
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Being a savings cum life insurance plan, the iSelect Guaranteed Future Policy offers 5 different variants to choose from, such as iAchieve, Flexi iAchieve, iAssure, Flexi iAssure, and Easy iAchieve. Be it any plan you choose, you would get life cover together with guaranteed maturity benefit and/or survival benefit.
It is a voluntary cover that is in-built. As per the Payor Premium cover, if the insured dies, all the premiums to be paid in the future would be waived off, while the policy would still stay active.
Guaranteed maturity is the benefit that is offered as the assured lump sum pay that is offered at maturity. The money that is offered as guaranteed maturity to the policyholder or beneficiaries is fixed at the time of policy purchase.
The payout is given as a lump sum or monthly pay. You can also opt for part lump sum and part monthly pay income under the plan.
You can buy the plan online via the official website of the insurer or via any partner website.
Yes, you can revive the iSelect Guaranteed Future Plan within 5 years of the date of last unpaid premium, as per the specified terms of the policy.
Yes, since smokers are at a higher risk of health issues, their premiums may also be higher than those of non-smokers.
Yes, the policy is a family health insurance plan. So, you can also get your parents covered under it.
Health insurance has become a necessity in today's times. It's no longer a luxury. A single hospitalisation can wipe out a major chunk of your savings or may even force you to compromise on quality health services.
The iProtect Smart comes with flexibility in choosing your premium payment. It can be done in a single premium, for a limited period, or throughout the policy term as per your income and evolving needs.
There are four payout options that are available with iProtect Smart. For instance, there is income option where nominee gets a monthly income for a set period; with lump sum income, the nominee gets lump sum + regular income for a set period; the lump sum, the nominee gets a lump sum amount; and with increasing income, the nominee gets an increasing income that increases every 10 years.
