ICICI Prudential iProtect Smart Her: Review & Features

Women often prioritize everyone’s financial security except their own. Traditional term plans may offer protection, but do they address women’s unique financial and health needs? This is where women-focused term insurance plans, such as those offered by ICICI Prudential Life Insurance, come into the picture. 

So, what makes these plans different, and how well do they address women’s evolving needs? In the next few minutes, we’ll explore iProtect Smart Her’s key features, available riders, eligibility, insurer performance, and whether the term plan meets your family needs.

What Is the ICICI Prudential iProtect Smart Her Plan?

iProtect Smart Her is a women-focused ICICI Prudential term insurance plan. The plan falls under ICICI Pru iProtect Smart Plus and does not have a separate UIN, but is marketed as a separate term insurance product. It is a non-linked, non-participating individual term insurance product designed to provide pure protection with benefits tailored to women’s financial needs.

Note: The entry age and policy term depend on the opted PPT, and for single pay, the maximum maturity age is 75 years. The policy offers a minimum sum assured of ₹50 lakh with no upper limit (subject to insurer underwriting). 

Key Features of ICICI Pru iProtect Smart Her

• Terminal Illness Benefit: If the life assured is diagnosed with a terminal illness during the policy term, the policy pays the entire death benefit early. This benefit accelerates the existing death benefit and is not an additional payout. The policy terminates after payment.
• Life Stage Protection: Regular pay policyholders can increase their coverage at key life stages. The increase is 50% upon marriage, 25% after the first child, 25% after the second child, and 100% upon home loan disbursement.
• Premium Break: Policyholders can pause premium payments for 12 months, with the deferred amount postponed until the next policy anniversary. Policyholders can use the feature multiple times during the PPT, with at least five policy years between breaks. It is unavailable during the final three policy years. During the premium break, the deferred amount is deducted from the claim in case of a demise.
• Insta Payment on Claim Intimation: Eligible policies receive an accelerated death benefit of ₹3 lakh after the death claim is registered with the required documents. The payment is processed within one working day of claim registration and applies to policies with a sum assured of at least ₹1 crore. It is not payable for death during the first 3 policy years from commencement/revival.
• Smart Exit Benefit: Policyholders can exit after the 25th policy year and receive a benefit equal to total base premiums paid, subject to eligibility. The life assured must be at least 60, and the policy must remain active. The option is unavailable during the final five policy years or while claims or premium breaks are pending. 
• Health Management and Well-Being Services: Policyholders receive access to a curated range of health management and wellness services at no additional cost. These complimentary services, which include teleconsultations and Out-Patient Department (OPD) services, are available while the policy remains active and all premiums are paid. You can explore the official website for exact details.

Take a look at the infographic below for the well-being services offered by the ICICI Prudential term plan.

Child Education Care Under ICICI Pru iProtect Smart Her

There is no separate “Child Education Care” benefit. ICICI Pru iProtect Smart Her markets the increasing income payout option as child education care. This helps families fund future education expenses through increasing annual payouts. 

Under the increasing income payout option, the nominee receives the death benefit as a regular income over 10 years. The payout increases by 10% each year, providing a structured source of financial support instead of a single lump-sum payment.

ICICI Pru iProtect Smart Her Plan Options and Death Benefit Payout Choices

Plan Options

• Life: This is the basic term insurance option. If the policyholder dies from a covered cause, such as illness, accident, or natural causes, the nominee receives the chosen death benefit.
• Life Plus: This combines base life cover with a fixed Accidental Death Benefit (ADB). For normal death, the nominee receives the base cover. In the event of accidental death, they receive the base cover plus the additional ADB payout.
• Life Rebalancing (Not Currently Live): This combines base life cover with an ADB that automatically changes each year. The policy adjusts the balance between life cover and accidental cover as your financial responsibilities evolve.

Note: Under the Life and Life Plus variants, the death benefit payable upon the life assured’s death or diagnosis of terminal illness can be received through four payout options: lump sum, income, lump sum and income, or increasing income. 

Note: At Ditto, we recommend considering the waiver of premium and critical illness riders as they offer real protection and value for money. Since WOP cannot be combined with another paid rider, it is important to prioritize your needs. Consider ATPD if your income depends heavily on your physical ability. Choose critical illness if a serious illness could significantly disrupt your finances.

Note: The annual premiums are based on a female profile residing in Delhi (110010) covered under the Life variant until age 65. These premiums are indicative and can vary based on age, sum assured, insurer underwriting, etc. 

Term insurance for women receives up to 15% discounts due to low mortality risks and actuarial pricing advantages. Although premiums rise with age, when you double the cover, premiums increase by 1.5x to 1.7x and not proportionately.

Smart Her is primarily a women-focused proposition offered under ICICI Pru iProtect Smart Plus. So, the 15% benefit should not be treated as an extra discount stacked on top of the standard female premium.

Note: The figures represent the insurer’s overall insurer-level performance and are not specific to ICICI term insurance products. The data is sourced from ICICI Prudential Life’s public disclosures and IRDAI annual reports. For more such insurer performance data, explore Ditto Data Lab.

Who Should Buy the ICICI Pru iProtect Smart Her Plan? 

Who Should Consider Smart Her

• Suitable for women with current or expected financial dependents, loans, or future family responsibilities.
• A good fit for those who want life protection without treating insurance as an investment.
• Particularly relevant for young salaried women seeking extended coverage at potentially competitive premiums.
• Premium break may help with temporary financial pressure, provided the eligibility conditions are met.

Who Should Think Before Buying

• Individuals assuming that the ₹92,100 wellness value solely drives a long-term insurance decision.
• Those looking for long policy terms, as the critical illness rider's maximum 20-year duration may not match longer policy terms.
• People assuming Smart Her as a savings product, which is primarily a pure-risk term plan. 
• People looking for multiple riders, as waiver of premium cannot be clubbed with other riders.

Why Choose Ditto for Term Insurance?

At Ditto, we’ve assisted over 12,00,000 customers with choosing the right insurance policy. Why customers like Aaron below love us:

• 100% Free Consultation
• No Spam. No Sales Pressure.
• Rated 4.9/5 on Google Reviews by 30,000+ Happy Customers
• Backed by Zerodha
• Dedicated Claim Support Team
• Compare Plans and Premiums with a Trusted Insurance Advisor

Confused about the right insurance? Speak to Ditto’s certified advisors for free, unbiased guidance. Book your call now or chat with us on WhatsApp. Slots fill up fast!

Conclusion

ICICI Pru iProtect Smart Her is best viewed as a women-focused proposition built around a conventional term insurance framework. Similar to Bajaj Superwoman and Aditya Birla Sun Life Her Care, it packages women-specific features into a targeted offering. 

If ICICI Prudential is on your shortlist, compare iProtect Smart Plus (Her) with other term plans using the same sum assured, policy term, payout structure, and rider configuration. You can explore some of the best term insurance plans we recommend.

Disclaimer: Our product team is currently evaluating this product internally. Until that review is complete, treat this article as an explanation of the plan's features and limitations, rather than a Ditto recommendation. Before buying, compare it with other term plans on coverage, policy term, underwriting, payout structure, and rider configuration.