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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Life Insurance > Life Insurance Companies > ICICI Prudential Life Insurance > Pure Protect

ICICI Prudential- Pure Protect

Level Term Assured- In case of death of life assured during the term, the sum assured will be paid to the beneficiary. The premium will be paid annually and you will be provided with life cover equal to the sum assured.

Below is the table that shows premium for various age-term combinations for a Sum Assured of Rs.50 lakhs.
Age 10 years 15 years 20 years 25 years
30 year Rs.7608 Rs.8378 Rs.9444 Rs.12558
35 year Rs.9889 Rs.11390 Rs.13,327 Rs.18809
40 year Rs.14394 Rs.17064 Rs.20067 Rs.27075

Features of Pure Protect
1. Entry Age

Policy Pure Protect Classic Pure Protect Elite
Minimum age(years) 18 18
Maximum age(years) 65 65

2. Policy Term
Policy Pure Protect Classic Pure Protect Elite
Minimum age(years) 10 3
Maximum age(years) 30 15

3. Riders- You can protect your family from accidents or from any unwanted situation by adding Accident and Disability Benefit Rider (ADBR) and the Wavier of Premium Rider (WOPR).
a. Accident and Disability Benefit Rider- The benefit will be paid to your family in case of the death or disability due to an accident.
b. Wavier of Premium Rider- In case of total and permanent disability due to accident, all premiums will be waived and the policy benefits will continue. 50,000 & maximum is 10, 00,000.
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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