- ICICI Pru Group loan secure (Sum insured 45 lakhs for tenure of 10 yrs): It covers death benefit and terminal illness and its a reducing type means as with loan amount. As the loan amount reduces benefit amount also gets reduced and it starts from 45 lakhs.
- Income Protect (Sum insured 45 lakhs for tenure of 10 yrs) : It covers 33 Critical illness (full cover 45 lakhs) and 107 surgeries (upto 12 EMIs).
- Health Insurance policy (Sum insured 5 lakhs for tenure of 5 yrs) : It is more or less same as all other Mediclaim policies.
Dear Sree,
Thanks for your fast reply and a nice article.
I have gone through it & would say this article and insurance calculator is for single earning person in family. Nowadays, most of the families has both the husband and wife working. So, I would urge to consider this scenario as well. 🙂
Regarding my query, I would request you to review the product “iShield 360 insurance” from ICICI. What is more beneficial, mortgage insurance or term plan ?
If I look at complete package, Health Insurance for 5 years costs me 20k value for money product but other 2 terms, ICICI pru group loan secure and Income protect of 1.3 Lakhs does not worth. Isn’t it better to opt out for Term plan + CI insurance ?
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