ICICI Prudential is a company renowned for its diverse range of life covers including term plans, endowment plans, ULIPs, retirement plans, etc. Among the range of plans available in the market, term insurance plans are the most common ones as they are the purest form of life insurance coverage. Since the cost of term insurance is relatively cheap, many people opt for this coverage. Similar to most of the top companies in the market, ICICI Prudential has a premium calculator to determine the cost of a policy based on various factors.
A premium calculator is an effective tool when it comes to determining the approximate cost of a term insurance plan. Since the cost of a term plan is influenced by various factors like age, income, family medical history, smoking habits, sum assured amount, risk factors, etc., it is likely to differ from one individual to another. In this scenario, it is highly unlikely for a customer to get quotes from multiple companies and wait for the companies to respond. With a premium calculator, customers can determine the premium amount on their own and make their purchase decisions accordingly.
ICICI Prudential offers plenty of financial tools to assist its customers in the decision-making process. Customers looking forward to buying a term insurance plan can use the premium calculator available in the company’s official website. The step-by-step instructions on how to use the term insurance premium calculator are listed as follows:
Some of the key advantages of using the term insurance premium calculator offered by ICICI Prudential are listed as follows:
ICICI Prudential iProtect Smart is one of the top term insurance products available in the market. This plan comes in various options, and customers are free to choose the benefits as per their requirements. The premium calculator available in the ICICI Prudential website can be helpful in determining the price of this product as per one’s individual requirements.
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