How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

How can I apply for ICICI Prudential iProtect Smart Money Back?

You can apply online by visiting the ICICI Prudential Life Insurance website, where you can customize your plan and complete the application process.

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ICICI Prudential IProtect Smart Money Back

Compare ICICI Prudential IProtect Smart Money Back benefits, exclusions, ratings and related variants in one place.

1.92

Solvency

99.3

ICR

8.28

Growth

117,804.75

AUM

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Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

Get your term insurance quote

Gender

Date of Birth

Coverage amount

Annual income

Education level

Your occupation

Current Location

Smoker / Non Smoker

Yes

1.92

Solvency

99.3

ICR

8.28

Growth

117,804.75

AUM

About

About ICICI Prudential IProtect Smart Money Back

The ICICI Pru iProtect Smart Money Back Plan offers life insurance with money-back benefits, ensuring financial security and liquidity. It provides a lump sum payout in case of death, along with coverage for terminal illness, accidental death, and critical illnesses. In case of total permanent disability due to an accident, future premiums are waived while the policy remains active. The plan includes a guaranteed lump sum at maturity if all premiums are paid. With flexible payment options (Regular Pay and Limited Pay of 5, 7, or 10 years), it combines long-term financial protection with periodic returns for policyholders.

About Company

About ICICI Prudential Life Insurance Co. Ltd

ICICI Prudential Life Insurance is one of India’s leading life insurance companies, established in 2001 as a joint venture between ICICI Bank, a trusted name in banking and financial services, and Prudential Corporation Holdings Limited, a global financial services leader. One of their most popular offerings is the iProtect Smart Term Plan, which provides comprehensive life coverage with additional benefits like critical illness protection, accidental death cover, and premium waiver options. With a strong claim settlement ratio, digital tools for easy policy management, and a focus on reliability, ICICI Prudential Life Insurance continues to empower customers to secure their future and achieve their financial goals confidently. With a strong claim settlement ratio, digital tools for easy policy management, and a focus on reliability, ICICI Prudential Life Insurance continues to empower customers...

Testimonials

ICICI Prudential Life Insurance Co. Ltd Customer Testimonials

Customer feedback and experiences.

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family……always been available to assist with any insurance/claim queries.

Nakul N

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

Inclusions and Exclusions of ICICI Prudential Life Insurance Co. Ltd

Terminal Illness

The entire cover amount is paid upon diagnosis of a terminal illness, ensuring financial support even before death.

Zero Cost Option

If the policy is discontinued before maturity (during a specific period), all premiums paid are refunded.

Total Permanent Disability Payout

If the policyholder suffers total and permanent disability due to an accident, all future premiums are waived, but the policy benefits continue.

Inflation Protection Coverage

The sum assured increases periodically to account for inflation.

Premium Payment Customizations

Flexible premium payment options available: annually or in installments.

Money-Back Benefit

On survival till policy maturity, a lump sum payout is provided.

Tax Benefits

Premiums paid and benefits received may be eligible for tax benefits under Section 80C and 10(10D) of the Income Tax Act.

Terminal Illness

The entire cover amount is paid upon diagnosis of a terminal illness, ensuring financial support even before death.

Zero Cost Option

If the policy is discontinued before maturity (during a specific period), all premiums paid are refunded.

Total Permanent Disability Payout

If the policyholder suffers total and permanent disability due to an accident, all future premiums are waived, but the policy benefits continue.

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Exclusions

Death due to suicide within the first 12 months of policy commencement or revival, only a refund of premiums paid will be provided.
Claims arising from participation in hazardous activities, adventure sports, or criminal acts are not covered.
Pre-existing diseases and conditions diagnosed before policy issuance are excluded from critical illness benefits.
Terminal illness or critical illness claims due to self-inflicted injuries, drug abuse, or alcohol consumption are not covered.
Death, disability, or illness resulting from war, terrorism, or radioactive contamination is excluded.
Accidental death or disability due to involvement in illegal activities or reckless behavior is not covered.

Claim Process

Claim Settlement Process

Steps and flow followed by the insurer.

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Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

Renewal steps and key points.

FAQs

Frequently Asked Questions

Got questions about health insurance? You’re not alone. Here are some of the most commonly asked questions to help you understand plans, coverage, claims, and benefits better.