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  • ICICI Pru Heart/Cancer Protect Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    India is home to one of the largest population of cancer patients in the world, with the National Institute of Cancer Prevention and Research (NICPR) estimating the number of cancer patients in India to be around 2.5 million. The country sees over 5 lakh cancer-related deaths every year, with this number increasing. In addition to cancer, India is also home to a huge number of people with heart ailments, with almost each of us knowing someone suffering from heart conditions.

    These numbers make it extremely important for us to protect our life and health, and while cancer/heart ailments cannot be completely eliminated from our lives, we can work towards steps to reduce the impact these killers can have on our family. The average cost of treating cancer/heart diseases can run in lakhs, making treatment for these highly expensive. ICICI Pru Heart/Cancer Protect Plan is designed to reduce some of this burden, with the plan offering financial protection against these ailments.

    Eligibility - Who is the ICICI Pru Heart/Cancer Protect Plan for?

    ICICI Pru’s Heart/Cancer Protect Plan can be purchased by anyone looking to protect themselves from the financial costs of treating cancer/heart related diseases. Listed below are the eligibility criteria one needs to satisfy in order to purchase this plan:

    Minimum entry age 18 years
    Maximum entry age 65 years
    Maximum maturity age 70 years

    Sum Assured and Premium Range – What you get and what it costs?

    Treating cancer is expensive, with chemotherapy and scans required at regular intervals. A typical chemotherapy cycle can cost anywhere between Rs.50,000 and Rs.2 lakh, with the total cost of treatment going up to around Rs.30 lakh in certain cases. Treatment for heart ailments are also expensive, with it likely to leave a huge hole in the bank account of a patient.

    Minimum sum assured* Rs.2 lakh (for heart or cancer cover) Rs.4 lakh (for heart plus cancer cover)
    Maximum sum assured* Rs.25 lakh for heart cover Rs.50 lakh for cancer cover Rs.75 lakh for heart plus cancer cover
    Policy period Minimum: 5 years Maximum: 40 years
    Premium payment mode
    • Monthly
    • Half-yearly
    • Yearly
    • Single
    Premium** Based on the sum assured chosen

    **Premiums vary based on age, location, plan term and other factors.

    *It is possible for the cover to increase, based on the type of plan chosen.

    Plan Coverage – What the ICICI Pru Heart/Cancer Protect Plan covers?

    ICICI Pru Heart/Cancer Protect Plan is designed to provide financial assistance to meet any expenditure arising out of diagnosis with cancer/heart ailments. The table below highlights the different benefits provided under this plan.

    Type of benefit Features of the benefit
    Lumpsum payout The policyholder is paid a lumpsum amount if he/she is diagnosed with any illness covered under the plan. If it is a minor condition, 25% of the sum assured is paid, whereas a serious condition warrants payment of the full sum assured.
    Increasing Cover Benefit The sum assured increases by 10% each year. This amount is added to the sum assured until the time of first claim, subject to the increased sum assured being less than twice the initial sum assured.
    Hospital Benefit The plan provides a sum of Rs.5,000 per day if a policyholder is hospitalised on account of an ailment covered under the plan.
    Income Benefit The policyholder receives 1% of the initial sum assured for 60 months. The amount is paid monthly for 5 years.

    Note that there is no death benefit provided under this policy. The amount is paid only if the policyholder is diagnosed with cancer or a heart ailment.

    Exclusion - What the ICICI Pru Heart/Cancer Protect Plan doesn’t cover?

    Some of the exclusions of this policy are highlighted below:

    • Any condition which is not mentioned in the plan.
    • Pre-existing conditions are not covered under this scheme. This includes any existing heart ailment, pre-cancerous diagnosis, etc.
    • Self-inflicted injuries/damage to self under the influence of any intoxicant/in a sane mind are not covered.
    • Any illness arising out of radioactive contamination.
    • Conditions related to congenital issues.
    • Any illness/ailment arising out of dangerous activities.
    • The hospital benefit does not cover any expense related to organ transplant.
    • No hospital benefit is provided if one undergoes alternate treatments like Ayurveda, homeopathy, unani, etc.

    Other Key Features – Free-look period, grace period, etc.

    Free-look period A policyholder can choose to return the policy if he/she disagrees with the terms and conditions. This can be done within 30 days of purchase (if policy was purchased through distance marketing). Policies purchased through other means have a 15 day free-look period.
    Discounts on premium The plan offers the following discounts:
    • 5% for existing customers
    • 5% for combined cover (with spouse)
    • 2% if policy is purchased online
    • 2% if one opts for heart plus cancer cover
    Grace period
    • 15 days for monthly premium payment
    • 30 days for other premium payment modes
    Policy revival Lapsed policies can be revived only if all premiums are paid within 2 years of first unpaid due. This is subject to the rules followed by the company.
    Nominee A policyholder can appoint a nominee as per existing rules.
    Assignment Applicable, as per Section 38 of the Insurance Act of 1938.
    Survival period 7 days for heart ailments

    Tax Benefits – How you can save with the ICICI Pru Heart/Cancer Protect Plan?

    Policyholders are entitled to tax benefits under Section 80D of the Income Tax Act. Under this section, one can save Rs.25,000 on premiums paid towards their scheme.

    Other Benefits – How you can save with the ICICI Pru Heart/Cancer Protect Plan?

    Some of the other benefits of choosing this plan are highlighted below:

    • Online – One can purchase this plan online, with an additional 2% discount offered on premium.
    • Choice of hospital – One can choose a hospital of their choice. The plan has no restrictions, ensuring that a policyholder can get treated at the hospital he/she likes.
    • Waiver of premium – Future premiums are waived if a policyholder is diagnosed with a minor condition or permanent disability.
    • Multiple payment modes – One can pay the premiums either through credit cards, debit cards, online wallets, or netbanking.

    Why should you buy the ICICI Pru Heart/Cancer Protect Plan?

    ICICI Pru is one of the largest private insurers in the country, offering a number of products to customers. The brand is known for its attention to detail, helping one customise a plan based on their needs. It had a high claim settlement ratio of 96.20% as of 2015-2016, with the grievances solved ratio being 99.87%. Given these numbers, a policyholder can be rest assured that he/she will receive the protection offered under the ICICI Pru Heart/Cancer Protect Plan.

    With the cost of treating heart related ailments increasing, it is important to have a plan to combat them. This scheme is ideal for people who wish to protect themselves against expensive medical bills. Purchasing this plan can ensure that one doesn’t go bankrupt in order to treat cancer/heart diseases.  

    ICICI Pru Heart/Cancer Protect Plan Reviews

    • ICICI Prudential Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for taking the ICICI PRUDENTIAL life insurance policy with the where the premium i am paying on monthly basis also the policy coverage is for self and spouse. The maturity period of this policy is for 30 years with this policy.
      Was this review helpful? 0
      , bikaner
      Reviewed on Jan 16, 2019
    • ICICI Prudential Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for taking the life insurance policy with the ICICI PRUDENTIAL. Premium i pay on monthly basis and also the policy coverage is for only self. The maturity period is for 25years approximately with this life insurance policy.
      Was this review helpful? 0
      , deoghar
      Reviewed on Jan 16, 2019
    • ICICI Prudential Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the life insurance policy with the ICICI PRUDENTIAL since from last 8 months as the portal is very good and also it is easy to use. I pay the premium on monthly basis where it gives the coverage for family. The maturity period of this policy is for 5 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2019
    • ICICI Prudential Life Insurance
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      The reason for taking the life insurance policy with the ICICI PRUDENTIAL is because i am an existing customer of the ICICI so i have taken the life insurance policy added on that it is the trusted company. The premium i pay on monthly basis with this policy.
      Was this review helpful? 0
      , patna
      Reviewed on Jan 14, 2019
    • ICICI Prudential Life Insurance
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      The reason for taking the life insurance policy with the ICICI PRUDENTIAL is because i am an existing customer of the ICICI so i have taken the life insurance policy added on that it is the trusted company. The premium i pay on monthly basis with this policy.
      Was this review helpful? 0
      , patna
      Reviewed on Jan 14, 2019
    • ICICI Prudential Life Insurance
      "BETTER"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for purchasing the life insurance with the ICICI PRUDENTIAL but the documentation process is simple and good. I am not aware of the maturity period of this policy but the premium i pay on monthly basis also the coverage is for self.
      Was this review helpful? 0
      , amritsar
      Reviewed on Jan 05, 2019
    • ICICI Prudential Life Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      My experience with the ICICI PRUDENTIAL is very good and i have purchased the life insurance policy with this where they have offered the maturity period for this life insurance policy is for long term. The policy coverage is for self also the sum assured is satisfactory.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 03, 2019
    • ICICI Prudential Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      It is 1cr policy and I have taken term plan for myself in ICICI Prudential. The premium was yearly 30K, its paid through online. I am comfortable with the payment mode. I felt the premium was higher compared to Aegon. I have no issues with the customer service. I got only the soft copy of the insurance. The policy period is 65 years.
      Was this review helpful? 0
      , madurai
      Reviewed on Jan 03, 2019
    • ICICI Prudential Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      ICICI prudential service is very good and the representative has explained me about the policy. I have paid the premium of Rs.1189 for month through online. The sum assured is 25L. The policy period is 30 years. I have purchased the term policy for myself. I got insurance paper.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 30, 2018
    • ICICI Prudential Life Insurance
      "Average"
      0.5 4.0/5 "Great!"
      There was no proper solution from the customer support. I got a soft copy and not received the hard copy. I took the term plan for myself. The sum assured value is 50L. I have paid the premium of Rs.1702 per month and done through online. I have no idea about the benefits.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 29, 2018
    • ICICI Prudential Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      There is no such reason for taking term insurance basically the premium is low with ICICI Prudential. Sum assured is not huge but am getting other medical benefits for the illness. I pay every month 714 rupees through online. I took the term insurance for myself and need to pay the premium till 60 years. I have received the insurance paper and they explained about the benefits. The premium is automatically debited from my account.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 23, 2018
    • ICICI Prudential Life Insurance
      "Need to be quick and more responsible"
      0.5 2.0/5 "Expected more"
      I have not received the documents even I called the customer care thrice and they were informing I will get within a week or 2 weeks but it was not done. I am happy with the plan benefits and policy coverage so I took a term insurance for me with ICICI Prudential.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Dec 14, 2018
    • ICICI Prudential Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I took a term plan with ICICI Prudential through online, the plan is good. I am paying monthly premium of 1243 rupees through online. The tenure period is 30 years and policy coverage is 1 crore. The customer service is good. Auto debit facility is not working.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 08, 2018
    • ICICI Prudential Life Insurance
      "Excellent"
      0.5 4.0/5 "Great!"
      I have purchased a term plan with ICICI Prudential through online portal. It is a long term policy. The customer service is good and they are responding properly. They have explained me about the policy benefits. The payment mode is online, I pay the premium annually.
      Was this review helpful? 0
      , dombivli
      Reviewed on Dec 08, 2018
    • ICICI Prudential Life Insurance
      "Keep the customer informed about performance of policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a Wealth Plus policy with ICICI Prudential, its a equity link policy. Premium is 5 years and the maturity is 10 years then highest NAV(Net Asset Value) will be paid to the customer. I have paid 5 premium, after this there was no call from the representative for the last 3 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Dec 08, 2018
    • ICICI Prudential Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I took a term insurance with ICICI Prudential through online. The tenure period is about 75 years. They would consider in the extending term for 100 years. They have sent the insurance papers on time. I am not really satisfied with the benefits. I need to pay annually 12 to 14K through online. The payment mode is easy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 08, 2018
    • ICICI Prudential Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have purchased a term insurance with ICICI Prudential through online channel. I have chosen it for lower premium and the best benefits. The payment mode is online and its convenient. I have to pay monthly premium around 370 rupees. The sum assured value is 50L.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 06, 2018
    • ICICI Prudential Life Insurance
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      I have taken my life insurance from ICICI Prudential. It is a normal traditional plan. The tenure is for 20 years and the premium is paid on a monthly basis. It gets debited from my account. The sum assured and the plan benefits are to my satisfaction.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 28, 2018
    • ICICI Prudential Life Insurance
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      I have taken a term insurance with ICICI Prudential. It is a iProtect Smart - Life & Health plan. The sum assured is for One crore, plus there are benefits for Critical Illness for 10 Lakhs. The tenure is for 30 years. But the major drawback is I have not received the policy documents yet. They are yet to send me the hard copy and the soft copy too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 24, 2018
    • ICICI Prudential Life Insurance
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      The process to get the term insurance from ICICI Prudential was easy. The process is good. The sum assured is also satisfactory. I have made my payment for the premium through my credit card. I have chosen the auto debit option as well. So the payment would happen by default.
      Was this review helpful? 0
      , jaipur
      Reviewed on Nov 23, 2018
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