Your company provides you with a life insurance cover as a fringe benefit. But is it really enough to provide you & your family with complete financial protection? Take a look at this infographic to find out.

Myth Buster : Is your company provided life insurance enough for you?
Myth Buster : Is your company provided life insurance enough for you?

Check Also : Term Insurance Plan Premium Calculator

 

Disclaimer

~Tax benefit of Rs 54,075 is calculated at highest tax slab rate of 30.9% (including Cess) on insurance premium u/s 80C/80CCC of Rs 1,50,000 and health premium u/s 80D of Rs 25,000. 

` The premium rate is for ICICI Pru iProtect Smart – Life Income Payout option for a 25 year old, non-smoker, healthy male for a policy term of 20 years with life cover of Rs. 4 crore along with terminal illness benefit & waiver of premium on permanent disability due to an accident. The annual premium amount for income payout option will be Rs 18742, monthly premium it is Rs 1562 and per day it is Rs 52. All premiums are inclusive of taxes. 

“The premium rate is for ICICI Pru iProtect Smart – Life Income Payout option for a 25 year old, non-smoker, healthy male for a policy term of 20 years with life cover of Rs. 1.5 crore along with terminal illness benefit & waiver of premium on permanent disability due to an accident. The annual premium amount for the above assumption will be Rs 8231/- , monthly premium will be Rs. 686 and per day it is Rs. 23. All premiums are inclusive of taxes. 

#The critical illness benefit is an accelerated benefit and the death benefit will be reduced by the critical illness cover paid to the policyholder. To know more about the illnesses covered, please refer to the Sales brochure.

About The Author

ICICI Prudential Life Insurance Company Limited is one of the leading life insurance companies in India. We provide insurance plans & policies that include a range of products like term insurance, ULIPs, tax saving plans and pension & retirement plans.

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