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ICICI Pru iCare II


This is a pure term plan that aims at providing an adequate life cover to help family members cope up with financial distress in the unfortunate event of death of policyholder.

What does it do?

This policy provides two options:
Option I: It will pay death benefit equal to Sum Assured chosen by policyholder.
Option II: There is a provision for an additional death benefit equal to Sum Assured chosen by policyholder or Rs.50 lakhs, whichever is lower, payable only in case of death due to accident. This option is available only with the Regular Pay option.


It also provides an option to be covered against accidental death.


Accidental death benefit does not cover accidental disability.

Suited for

The policy can be taken by anyone who can access the internet and make online payments.

Our View

Option I is a plain term cover which is recommended for all earning members who have financial dependents. Option II that covers for accidental death as well does not include accidental disabilities. One may go for a more comprehensive policy if willing to buy accidental cover as well.

Entry Age (years) 
Maximum Maturity Age (years)65
Policy VariantsOption 1: Sum Assured
Option 2: Sum Assured + Accident Death Benefit (sum asured equal to base plan sum assured subject to a maximum limit of Rs 50 lakh)
Policy Term (years) 
Sum Assured (Rs) 
MinimumDepends on minimum premium amount
Minimum Premium (Rs) 
Premium Payment FrequencyYearly, Half-yearly, Monthly, one pay option for 5 and 10 year policy terms
Premium Payment TermEqual to policy term or Single
Policy CoverCover remains fixed for the tenure of the policy
Other Features 
Free Look CancellationIn case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace PeriodYou are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.
Lapsed Policy ReinstatementYou can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any.
Tax BenefitsSection 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for Dread Disease Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
ExclusionsIn case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Surrender ValueIt will be based on surrender value factor provided in policy document
Customer Service 
AddressICICI Prudential Life Insurance Co.Ltd.
#1089, ICICI Prulife Towers, Appasaheb Marathe Road, Prabhadevi, Mumbai - 400025
Mail To[email protected]
Call On18602667766
Cost Details not available on the company's website.