ICICI Pru Precious Life

ICICI Pru Precious Life
Term Insurance specially designed for individuals with existing medical conditions

A term plan that covers you even with existing health conditions
When it comes to our family, we always want to give them the best that life has to offer. But people with diagnosed conditions and other health problems usually find it difficult to get access to life cover. We understand your need to protect your family and that is why we have designed ICICI Pru Precious Life.

ICICI Pru Precious Life is specially designed to offer life cover to individuals who have existing health problems such as diabetes, cholesterol, high blood pressure, or those who have undergone critical surgeries such as angioplasty or open-heart surgery.

Key benefits of ICICI Pru Precious Life

Wide Coverage
Life cover for individuals with existing health problems such as obesity, diabetes, high BP, asthma, and even for those who have successfully recovered from cancer or any other surgeries.

Enhanced Protection^
Option to enhance your safety net with Accidental Death Benefit.

Need Based Benefit Payout
Choose to receive the benefit amount as a lump sum or as monthly income or a combination of both.

Flexibility
You have the flexibility to pay the premium once, for a limited period or throughout the policy term.

Loyalty Discounts
Our existing customers enjoy a discount on the first year's premium for this product. The discount is 5% for Regular Pay policies and 2% for Limited Pay policies.

Tax Benefits*
Premium paid and benefits received are eligible for tax benefits U/S. 80C and 10(10D)

HOW IT WORKS

Varun is an IT engineer who led a happy life with his wife and two children. He was diagnosed with diabetes at an early age of 40. He realised that along with making changes to his lifestyle he also needs to ensure the financial well-being of his family. Knowing that getting a regular term plan with his health problem would be cumbersome, he decides to get ICICI Pru Precious Life Term Plan.

He enjoys a life cover of Rs. 50 lakhs for a policy term of 20 years. He chooses Regular Pay option and Lump Sum Death Benefit Payout option for which he pays a yearly premium of Rs. 9,750.

In case of Varun's death during the policy term, his family will receive a lump sum payout of Rs. 50 lakhs.