- Premium Starts @501/- Per Month
- Choice of Policy Tenure
- Flexible Payout Options
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Updated on Jun 16, 2025 8 min read
What is ICICI 1 Crore Term Insurance?
ICICI Prudential Life Insurance is a leading private life insurance company with a claim settlement ratio of 97.80% and a market share of approximately 11.7%. ICICI 1 crore term insurance is a financial plan that offers a sum assured of Rs 1 crore to your family in case of your uncertain death during the policy term. Some of the ICICI term insurance plan 1 crore includes ICICI Pru iProtect Super Term Plan, ICICI Prudential iProtect Return Of Premium Plan, ICICI Pru iProtect Smart Term Plan, etc.
1 crore term insurance ICICI offers various benefits to the policyholders, including high coverage, affordable premiums, tax benefits, choice of policy tenure, etc.
1 Crore Term Insurance Plans by ICICI Prudential
We have provided a list of 1 crore term insurance plans by ICICI Prudential Life Insurance.
| Plan Name | Entry Age | Maturity Age | Policy Tenure | Unique Features |
| ICICI Pru iProtect Super Term Plan | 18 to 55 years | 85 years | Minimum- 20 years Maximum- 85 minus entry age |
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| ICICI Prudential POS iProtect Smart Plan | 18 to 65 years | 75 years | Minimum- 5 years Maximum- 40 years |
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| ICICI Prudential iShield Term Plan | 18 to 60 years | 85 years | Minimum- 5 years Maximum- 85 years |
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| ICICI Prudential iProtect Return Of Premium | 18 to 65 years | 85 years | Minimum- 5 years Maximum- 40 years |
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| ICICI Pru Loan Protect Plus | 18 to 65 years | 70 years | Minimum- 5 years Maximum- 30 years |
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ICICI Prudential 1 Crore Term Insurance Plans: Overview
We have provided a brief overview of 1 crore term insurance plans offered by ICICI Prudential so that you can make a wise choice.
ICICI Pru iProtect Super Term Plan
iProtect Super Term Plan by ICICI Prudential Life Insurance offers 1 crore coverage in case of the policyholder’s death. This plan is designed especially for self-employed individuals or business owners with two payment options- Limited Pay and Regular Pay.
Why Buy ICICI Pru iProtect Super Term Plan?
- Flexibility to choose the policy tenure of your choice.
- Premium break option to skip premiums for 12 months in case of an emergency.
- 7% Loyalty discounts on first-year premiums for the existing policyholders.
- Provides coverage against accidental death and disability.
- Additional discounts for female policyholders.
ICICI Prudential POS iProtect Smart Plan
ICICI Prudential POS iProtect Smart Plan is a pure term insurance plan that offers 1 crore coverage at affordable premiums. This plan comes with two plan options: Life Option and Life Plus Option with multiple premium payment options.
Why Buy ICICI Prudential POS iProtect Smart Plan?
- Two plan variants to choose from.
- Special premium discount for women and non-smokers.
- Easy policy issuance.
- Full premium refund in case of the policyholder’s death during the waiting period.
- Additional rider benefits to choose from.
ICICI Prudential iShield Term Plan
ICICI Prudential iShield term insurance is a combination of term and health insurance plan. Apart from the financial coverage for your loved ones, this plan offers coverage against multiple healthcare expenses, such as doctor consultation, hospitalisation, preventive check-ups, etc.
Why Buy ICICI Prudential iShield Term Plan?
- Flexible premium payment terms (single, yearly, half-yearly, quarterly, and monthly).
- Whole life coverage up to 99 years of age.
- Waiver of premium in case of the policyholder’s uncertain death.
- Terminal illness cover that protects against the mentioned terminal illnesses.
- Covers pre and post-hospitalisation expenses.
ICICI Prudential iProtect Return Of Premium
ICICI Prudential iProtect Return of Premium plan offers 1 crore coverage to the policyholder, along with return of premiums in case the policyholder survives the policy tenure. It is an excellent choice for someone looking for the best term insurance plan to safeguard their family’s future financially.
Why Buy ICICI Prudential iProtect Return Of Premium?
- Return of premiums in case of the policyholder’s survival.
- Survival benefits are paid as a regular income.
- Critical illness benefit that offers coverage against 64 critical illnesses.
- Loyalty discounts of 5% on the first-year premiums.
ICICI Pru Loan Protect Plus
ICICI Pru Loan Protect Plus offers 1 crore coverage to protect your loved ones from the burden of your loans. It ensures that the debt taken by you doesn’t become a burden for your family members. The plan offers comprehensive benefits options that cover critical illness, accident, and disability.
Why Buy ICICI Pru Loan Protect Plus?
- Choice of policy tenure as per your requirements.
- Choice of coverage options- ‘Fixed’ or ‘Reducing Cover’.
- Covers your outstanding loans to ensure your family can lead a comfortable life.
- Death benefits that protect your family financially.
- Choice of rider benefits to enhance plan coverage.
Features of ICICI Term Insurance Plan 1 Crore
Let’s understand the features of 1 crore term insurance by ICICI Prudential Life Insurance:
Choice of Policy Tenure
Every individual has different requirements and financial goals. You can choose a policy tenure with your 1 crore term insurance that aligns with your needs.Choice of Premium Payment Option
There are multiple premium payment options available, including yearly, half-yearly, quarterly or monthly. You have the option to choose the premium payment option that best suits you.Multiple Rider Options to Choose From
There are multiple rider options available with ICICI 1 crore term insurance plans, including accidental death benefit rider, critical illness rider, waiver of premium rider, etc. Choose the one that you consider important.Whole Life Coverage
Various ICICI Prudential 1 crore term insurance plans offer you the option to opt for whole life coverage up to 99 years of age.Grace Period
ICICI Pru 1 crore term insurance plans offer a grace period to the policyholders so that they can re-evaluate whether they want to continue the plan or not. The grace period of 15 days is provided for monthly payments and 30 days for half-yearly and yearly payment mode.
Benefits of ICICI Prudential 1 Crore Term Insurance
Buying a 1 crore term insurance from ICICI Prudential offers several benefits. Let’s understand these benefits in detail:
Death Benefits
A 1 crore term insurance plan offers a sum assured of Rs 1 crore to the nominee in case of the policyholder’s uncertain death during the policy term. This amount helps them live a comfortable life.Affordable Premiums
The premiums of 1 crore term insurance by ICICI Prudential Life Insurance are very affordable. You can get a 1 crore life cover for premiums starting at just Rs 501/- per month.Debt Coverage
A 1 crore term insurance ensures that the debt taken by you doesn’t become a burden for your family in your absence.Income Replacement
An ICICI 1 crore term insurance policy acts as an income replacement for your family in case of your uncertain death during the policy tenure.Multiple Payout Options
A 1 crore ICICI Prudential term insurance offers multiple payout options to the policyholders, including one-time, yearly, half-yearly, quarterly, or monthly.
Documents Required to Buy ICICI 1 Crore Term Insurance
Buying a 1 crore term insurance from ICICI Prudential Life Insurance requires certain documents, including address proof, identity proof, income proof, etc. We have provided all the documents required to purchase a 1 crore ICICI term insurance.
| Types of Documents | Documents |
| Identity Proof (Any one) | Passport, Voter ID, Aadhaar Card, PAN Card |
| Income Proof | If salaried - Last 3 months’ salary slips and bank statements having salary credit information. |
| If self-employed, the last 3 years with the Computation of Income (COI). | |
| Address Proof (Any one) | Water Bill, Telephone Bill, Aadhaar Card, Rent Agreement, Electricity Bill |
| Medical Proof | The latest medical test reports allocated by the insurer |
How to Buy ICICI Prudential Term Insurance 1 Crore?
You can buy an ICICI 1 crore term insurance plan either from PolicyX.com, ICICI’s website, or their official branch offices.
Buying From PolicyX.com
Step 1 - Visit the official website of PolicyX.com.
Step 2 - Select your age, gender, city, annual income, name, and mobile number.
Step 3 - Choose your date of birth, education qualification, occupation, and smoking habits. Then click on ‘Continue’.
Step 4 - Choose your coverage amount as 1 crore and company as ‘ICICI Prudential Life Insurance’.
Step 5 - The list of 1 crore ICICI Prudential term plans will be displayed on your screen.
Step 6 - Choose a plan that best suits your needs and make the premium payment.
Once payment is made, you will shortly receive the payment receipt.
Buying from ICICI Prudential Life Insurance
You can buy a 1 crore ICICI term insurance policy from their official website or one of their nearest branch offices.
Conclusion
A 1 crore term insurance by ICICI Prudential Life Insurance is the most affordable investment you can make to protect your loved ones financially in your absence. It ensures your family can live a comfortable life even when you are not with them. You can buy a 1 crore term plan at very affordable premiums. To calculate the premiums of 1 crore term insurance, you can use the PolicyX.com term insurance calculator.
If you are confused about which 1 crore term insurance by ICICI Prudential is best, you can visit PolicyX.com or call us at 1800-420-0269.
We offer No Spam, No Gimmicks, and Only Expert Insurance Advice.
FAQs: ICICI 1 Crore Term Insurance
1. Can NRIs buy ICICI 1 crore term insurance?
Yes, NRIs can buy an ICICI 1 crore term insurance plan.
2. Are there any surrender benefits under the ICICI iCare term plan?
In case of regular pay, no surrender value is paid, but in case of one pay, surrender value is offered.
3. At what age should I purchase the 1 Crore Term Insurance ICICI plan?
You should buy a 1 crore term insurance from ICICI in your early 20s to save on premiums.
4. How safe is ICICI term insurance?
ICICI Prudential is one of the leading private life insurance companies with a claim settlement ratio of 97.8%.
5. How much does a ₹1 Crore ICICI term plan cost per month?
The premiums of the ICICI term plan start at just Rs 501/- per month.
6. What is covered under the ICICI 1 crore term plan?
ICICI 1 crore term plan covers the death of the policyholder during the policy term.
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Written By: Himanshu Kumar
Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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