WHAT IS THE MINIMUM SUM ASSURED AND TERM OF ICICI iprotect plan?WHAT WILL BE THE PREMIUM FOR A PERSON BORN ON 17.08.1978 FOR PURCHASING ICICI iprotect plan for rupees 2500000 sum assured for 30 years term
1 Answers
Minimum sum assured is 10 lacs and minimum term is 10 years for ICICI iProtect term plan insurance.
You should buy term insurance for maximum term (30 years available) and with sum assured atleast 10 times your annual income + all liabilities like loans etc.
Insurance premium for sum assured 25 lacs and term 30 years for a person with provided birth date and who does not consume tobacco will be around 5450 plus service tax.
You can compute premium yourself on this link: ICICI Pru iProtect Option 1 premium
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