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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
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance with ICICI Prudential. It is a iProtect Smart - Life plan. The sum assured is for 50,00,000. The premium is of Rs.609, which is paid on a monthly basis. The tenure is for 51 years. I have received the policy documents on time too.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 11, 2018
    • ICICI Prudential Life Insurance
      "Should take of customer's queries"
      0.5 1.0/5 "Really Bad"
      ICICI Prudential person didn't cooperate with me, generally I get a message before the due date of my term insurance. But I am not sure how to make the payment on monthly basis. But I am fine with the policy coverage of Rs. 1 crore, for the premium around 1600 on monthly basis.
      Was this review helpful? 0
      , bokaro
      Reviewed on Oct 31, 2018
    • ICICI Prudential Life Insurance
      "Person should have term insurance"
      0.5 4.0/5 "Great!"
      Since I'm a corporate customer of ICICI i have taken my term insurance policy with ICICI Prudential. I have chosen the tenure period of 7 years and the policy will get matured after 14 years. I have no idea about the sum assured amount . 7 years back, i have purchased the policy and i pay the premium amount of Rs. 30000 every year.
      Was this review helpful? 0
      , salem
      Reviewed on Oct 30, 2018
    • ICICI Prudential Life Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      I received my term insurance documents on time from ICICI Prudential, the activation process was also done without any hassles. ICICI is rank good amoug all the policies which I compared, the customer reviews are good, the coverage is also as per my expectation with good monthly premium.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 29, 2018
    • ICICI Prudential Life Insurance
      "Benefits should be improved"
      0.5 1.0/5 "Really Bad"
      I have ULIP plan, basically the coverage is very low and the growth gets differ based on the market value. They give promotion of 10 to 12% its not happening as of now. I make yearly premium locking period for three years its not beneficial. Because the return value is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 26, 2018
    • ICICI Prudential Life Insurance
      "Policy is Good"
      0.5 4.0/5 "Great!"
      I used to make the payment through ECS. The premium amount what I'm paying with the policy is not covered for the critical illness. They have policy covered with the Critical illness. Because of the ICICI Brand value i have selected the term insurance with ICICI Prudential. I have chosen the tenure period upto 75 years of my age. This is a tax benefitable policy
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 26, 2018
    • ICICI Prudential Life Insurance
      "Good Plan for Children"
      0.5 4.0/5 "Great!"
      I have taken smart kit plan for my children, after 20 years old. My daughter can take the return value around Rs. 7.50 lakhs with the life cover. I am very fine with this policy because its useful for my child future. Overall its a good policy for children.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 25, 2018
    • ICICI Prudential Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I found ICICI is best they are providing good coverage around Rs. 1 crore, upto the life cover of 75 years. Total tenure of my plan is 35 Years, they give additional benefits for accidental, critical illness, disability etc. All features are included in I protect smart plan.
      Was this review helpful? 0
      , perambalur
      Reviewed on Oct 24, 2018
    • ICICI Prudential Life Insurance
      "Good policy to take in a earlier age"
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance policy with ICICI Lombard. The premium amount is slightly higher than other companies. If we are taking the policy in early stage, it would be fine and it will best policy for all. They are good response in the customer care. I took this policy before 3 years. I get a sum assured amount of Rs. 10 lakhs. This is a tax benefitable policy
      Was this review helpful? 0
      , cuddalore
      Reviewed on Oct 24, 2018
    • ICICI Prudential Life Insurance
      "Average policy"
      0.5 4.0/5 "Great!"
      My money back policy was taken with ICICI prudential company. This is a Guaranteed money back policy. I used to pay the premium amount of Rs. 4000 but they have increased the premium Rs. 150 every month because of the tax and others. In December 2011, i was taken this policy. Through agent i have bought this policy. They have offered me a sum assured amount of Rs. 5.25 lakhs.
      Was this review helpful? 0
      , rewari
      Reviewed on Oct 24, 2018
    • ICICI Prudential Life Insurance
      "Process should be simple"
      0.5 4.0/5 "Great!"
      In the market, ICICI Prudential term plan is good because of their claim settlement ratio. But they should provide proper service, but first time I faced hassles to make the payment for term policy. I went their branch three times, they were not cooperated, I have chosen the policy of Rs. 25 lakhs, however the premium amount is higher than PNB and Aegon.
      Was this review helpful? 0
      , bokaro
      Reviewed on Oct 23, 2018
    • ICICI Prudential Life Insurance
      "Familiar in the market"
      0.5 5.0/5 "Blown Away!"
      ICICI is familiar and available any where hence recently taken ICICI Prudential life insurance, its purely term plan, I am making the premium but I am not experienced, the premium is economical and also they are providing better cover of Rs. 1.5 crore, I used to make the premium around Rs. 1030 for the tenure of 30 years,
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 23, 2018
    • ICICI Prudential Life Insurance
      "Good Claim ratio company"
      0.5 4.0/5 "Great!"
      As per my knowledge the ICICI prudential claim settlement ratio is good, I have chosen the amount of Rs. 50 lakhs for natural death and for accidental cover of Rs. 1 crore . The premium is reasonable for the term policy compared to other company.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 23, 2018
    • ICICI Prudential Life Insurance
      "Good protection for family"
      0.5 4.0/5 "Great!"
      They are providing better coverage with the premium amount which they gave me, I took ICICI Prudential term plan for 30 years. My nominees will get the coverage value of Rs. 50 Lakhs, even their claim settle ratio is good and their customer review is absolutely good.
      Was this review helpful? 0
      , nellore
      Reviewed on Oct 23, 2018
    • ICICI Prudential Life Insurance
      "High premium"
      0.5 4.0/5 "Great!"
      ICICI Prudential service is prompt, within two weeks of time I could add the nominee. The policy benefits is my choice whatever they offering they are best. I checked the proposal, the premium amt is higher and however the coverage value is good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2018
    • ICICI Prudential Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I'm paying the premium on monthly basis. Holding this policy is almost 6 months. I have selected ICICI Prudential depends on claim ratio basis. I have not claim anything and i don;t use any such benefits of the policy. Total tenure period of the policy is 30 years. I have chosen the monthly payment mode. They have sent the hard copy of the documents to my address.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2018
    • ICICI Prudential Life Insurance
      "Good Policy"
      0.5 4.5/5 "Excellent!"
      I have purchased the ICICI Prudential policy in 2007. I will get a concession of 37%. The amount will be depends on the market value. The investment amount will be based on the sensex. I made a one time investment and it was a lumpsum investment. Total tenure period is 10 years. Since its not reliable, i'm just cancelled the policy
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 12, 2018
    • ICICI Prudential Life Insurance
      "Good Beneficial Plan"
      0.5 4.0/5 "Great!"
      Long back I took ICICI Prudential life insurance because the policy benefits are good, the customer support explained all terms and conditions. My plan is for 25 years, I used to make the premium around Rs. 40,000 on yearly basis. After the tenure period I get good matured value, the policy it also includes tax benefits.
      Was this review helpful? 0
      , siliguri
      Reviewed on Oct 11, 2018
    • ICICI Prudential Life Insurance
      "Good Term Plan"
      0.5 4.5/5 "Excellent!"
      I have taken term plan from ICICI prudential, the cost of the policy is good, I make the tenure till the age of 70 age, another 32 years I should make my premium. My monthly premium is around Rs.1400 for the coverage of Rs.1 croce. Their claim settled and grievance resolved ratio is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 09, 2018
    • ICICI Prudential Life Insurance
      "Waste policy"
      0.5 1.0/5 "Really Bad"
      There is no proper response in their customer care in ICICI Prudential. There was a loss in this policy and i will not suggest to anyone. I have bought the Unit Linked Insurance Policy in 2010. I have selected the ICICI because one of my cousin has suggested me to take this policy. I have made a premium amount of Rs. 10000 every half year and i will make the payment manually.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 02, 2018
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