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ICICI Pru iProtect Return Of Premium
  • Maturity benefit
  • Critical illness cover
  • Accidental benefit
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ICICI Pru iProtect Return Of Premium

ICICI Pru iProtect Return of Premium provides security to you and your loved ones against all such uncertainties of life that may pose a hurdle to your plan of a perfect future for yourself and your loved ones. ICICI Pru iProtect Return of Premium safeguards your future planning while simultaneously also ensuring that you get a survival/maturity benefit.

Every individual plans for a secure future for themselves and their loved ones, however, situations are not always what you aspire for them to be. ICICI Pru iProtect Return of Premium term plan is an excellent option that understands your needs with changing times.

ICICI Pru iProtect Return Of Premium Plan offers multiple benefits and key features such as multiple plan options, benefit options, critical illness benefit, accident benefit and more.

ICICI Pru iProtect Return of Premium Plan Specifications

Entry Age

18 years

Sum Insured

As per Board Approved Underwriting Policy

Maturity Age

85 years

Premium Payment Options

Single premium, Regular premium, Limited premium

Premium payment mode

One time/ 5/7/10/12/15/20 Pay

ICICI Pru iProtect Smart Plan
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Key Features of ICICI Pru iProtect Return of Premium

ICICI Pru iProtect Return Of Premium is a term plan that is well known for being loaded with many features protecting the insured against unforeseen circumstances and providing them with maturity benefits. Read more to understand the features and benefits.

  • Plan Options : There are 4 plan options available under the ICICI Pru iProtect Return Of Premium plan and customers can customize their plan by selecting any of these options at their convenience.
  • Survival Benefits : ICICI Pru iProtect Return Of Premium plan offers various survival benefits if the insured individual survives the policy term such as earning a regular income, availing 105% of your premiums back at the end of the policy term, and early return of premiums.
  • All-round Protection: ICICI Pru iProtect Return Of Premium Term Plan safeguards you and your family with an all-round safety net by integrating features like Smart protection with Life-stage cover, and optional covers such as critical illness cover and Enhanced protection against accidental death.
  • Tax Benefits: An insured individual can avail Tax benefits that may be applicable on premiums paid and benefits received as per the prevailing tax laws.
  • Discounts : ICICI Pru iProtect Return Of Premium Term Plan offers multiple discounts such as loyalty discounts up to 5% and online discounts on purchase of policy online.

Benefits of ICICI Pru iProtect Return Of Premium Term Plan

ICICI Pru iProtect Return Of Premium Term Plan has multiple plan options and benefits that an individual can choose from and customize their plan accordingly.

Accidental Death Benefit

Benefit equal to your ADB Sum Assured

Critical Illness Benefit

coverage against 64 critical illnesses

Death Benefit Option

combination of both lump sum and income

Accidental Death Benefit

In case of death due to an accident, Accidental Death Benefit equal to your ADB Sum Assured will be payable in lump-sum to the nominee/ legal heir. This benefit is over and above the life cover benefit.

Critical Illness Benefit

Critical Illness Benefit is an additional optional benefit which can be chosen only at inception. The Critical Illness Benefit offers coverage against 64 critical illnesses, of which 60 are major critical illnesses and 4 are minor critical illnesses. 100% of the CI Sum Assured is payable on first occurrence of any of the covered major critical illnesses.

Death Benefit Option

The Death Benefit payout option has to be selected by the insured at Policy inception and can't be changed during the policy term. Death benefit option can be paid to your beneficiary as as a lump sum amount, income option or a combination of both lump sum and income.

ICICI Pru iProtect Return Of Premium Term Plan Options

There are a total of 4 plan options available under the ICICI Pru iProtect Return Of Premium Term Plan. All these options offer different types of features. Given below is a brief overview of all these plan options.

  • Return of Premium : Get life coverage throughout the policy term. Also, get the premiums back on maturity. The Nominee/legal heir will get the Life Insurance Cover as per the chosen Death Benefit Payout Option. There is no Survival Benefit is payable during policy term. On survival of the Life Assured till the end of the policy term, for a fully paid policy, 105% of Total premiums paid3 is payable as Maturity Benefit to you.
  • Income Benefit : Under this plan option the insured individual gets life coverage throughout the policy term and start getting monthly income from the policy anniversary after the Life Assured turns 60 years of age. Under Income benefit option survival benefit is payable as regular monthly income equal to 0.1%, 0.2% or 0.3% of Basic Sum Assured (Life Insurance Cover) chosen at inception.
  • Return of Premium with Life-stage cover Under this plan option the insured gets life coverage, which changes as per the life-stage throughout the policy term. Also, the insured gets their premiums back on maturity.
  • Early return of premium with Life-stage cover Under this plan option you get your premiums back on the policy anniversary after the Life Assured turns 60 or 70 years of age with life coverage which changes as per your life-stage and continues till the end of policy term.

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Sample Premium Illustration of ICICI Pru iProtect Return Of Premium

Plan Options/Benefit Options Life Life Plus Life & Health All-in-one
Return of Premium 30,565 33,815 36,760 40,010
Income Benefit 50,235 53,485 56,430 49,680
Return of Premium with Life-stage cover 36,399 39,649 42,594 45,844
Early return of premium with Life-stage cover (at 60) 40,886 44,136 47,081 50,331

**Calculated for a 35 year old male (standard life, non-smoker), Sum Assured ` 50 Lakh along with Accidental Death Benefit cover `25 Lakh and Critical Illness Benefit cover `10 Lakh, Policy term 30 years, Premium payment term 10 years and Death benefit payout option ‘Lump sum’.

Explore ICICI Term Insurance

Know more about ICICI Term Insurance, its claim process, buying process, and contact details by clicking on the sections below:

Claim Process

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Buying Process

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Contact Us

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Premium Calculator

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Explore Other ICICI Term Insurance Plans

You can find other term policies offered by the ICICI Term Insurance company in the section below:

ICICI Pru iCare II

ICICI Pru iCare II is a term plan that lets you secure your family’s future, and allows you to choose the number of years for which you wish to pay the premiums.

Unique Features

  • Flexibility to choose protection cover.
  • Death by accident coverage
  • Unlimited sum assured options.

ICICI Pru iProtect Return of Premium

ICICI Pru iProtect Return of Premium helps you to secure your family as well as guarantee a survival/maturity benefit. Additionally, the plan safeguards against 64 critical illnesses.

Unique Features

  • 4 plan options
  • Live-stage coverage
  • Enhanced protection with riders.

ICICI Pru iProtect Smart Term Plan

A comprehensive coverage plan for you and your family including death, terminal illness and disability.

Unique Features

  • Coverage for female organ cancers.
  • 4 payout options to choose from.
  • MWP Act available

ICICI Pru Life Raksha

ICICI Pru Life Raksha is a pure-term insurance plan specially designed for those who are looking for an affordable and lower coverage. The plan comes with a sum assured of Rs. 5 Lakhs only.

Unique Features

  • A 5-year regular pay policy.
  • Immediate payout.
  • Flexible premium payment options.

ICICI Pru Loan Protect Plan

ICICI Pru Loan Protect protects your family from the outstanding home and car loans in your absence.

Unique Features

  • Flexible premium payment term.
  • Fixed/Reducing cover option
  • Avail tax benefit.

ICICI Pru Precious Life

A life cover for people with existing health problems or have undergone critical surgeries.

Unique Features

  • Flexibility to pay the premium.
  • Option to choose payout benefit.
  • Accidental benefit

ICICI Pru Saral Jeevan Bima

ICICI Pru Saral Jeevan Bima is a standard term plan that comes with simple features and is ideal for people who are looking for a term insurance plan with pocket-friendly premiums.

Unique Features

  • Choose premium payment term
  • Death by accident cover
  • Tax benefits available.

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iProtect return of Premium Plan: FAQs

1. How many critical illnesses are covered under Critical Illness(CI) benefit?

The Critical Illness Benefit offers coverage against 64 critical illnesses, of which 60 are major critical illnesses and 4 are minor critical illnesses.

2. Will I have the CI benefit available to me throughout the policy term?

Critical Illness Benefit is available for Single Pay and Limited Pay with maximum benefit term of 15 years. For regular pay, the maximum term under CI benefit is 40 years subject to maximum cover ceasing age of 85 years.

3. Can I claim Critical Illness multiple times for any illness?

Minor Critical Illnesses

  • Multiple claims for unique minor critical illnesses under CI benefit can be made till CI benefit Sum Assured gets exhausted
  • Once a claim has been paid for a specific minor CI, there can’t be another claim for the same minor CI in future

Major Critical Illnesses

  • There can only be one claim for anyone of the major CIs as the residual CI benefit Sum Assured gets paid out and CI benefit is terminated

4. Can I take the life stage cover with income benefit?

An insurance holder can not avail life stage coverage as it is offered with only 2 plan options which are the early return of premium with life stage cover and ROP with life stage cover.

5. What are the plan benefits offered under ICICI Pru iProtect Return Of Premium?

There are a total of 4 plan options available under the ICICI Pru iProtect Return Of Premium Term Plan. Return of Premium, Income Benefit, Return of Premium with Life stage cover, and Early Return of Premium with Life stage cover.

ICICI Term Insurance Reviews

Read what our customers have to say about ICICI term insurance company

Customer Review Image

Kalpana Gupta

Hyderabad

February 10, 2022

It is one of the best companies as they explained the benefits of the term insurance then suggested me the best suitable plan as per my needs. I am happy to be associated with this company.

Customer Review Image

Dinesh Chopra

Delhi

November 22, 2021

Amazing life insurance plans at very cheap prices. sales team is also very good. they explained the plan to me very well. I am very impressed.

Customer Review Image

Shreya Sharma

Delhi

October 5, 2021

Just got my claims settled. Thank god my husban chose ICICI term plan who understand how important the hassle-free claim is a blessing at this point when you have lost your everything. Thankyou...

Customer Review Image

Anshuman Dami

Bhopal

September 13, 2021

bought a term plan from icici pru after carefully considereing that covid like situation is imminent. my fam needed protection financially and now they have it

Customer Review Image

Vasundhara

Chandigarh

September 13, 2021

will be foreever grateful to policyx for helping me settle the claim...really needed all the support in this time

Customer Review Image

Ishan Khatri

Madurai

September 9, 2021

went to get the death benefits after my husband s recent death...support staff was very nice and helped fasten the process

Customer Review Image

Rohan Kumar

Bengaluru

June 18, 2021

Thanks to policyx. I called them to compare plans and I get a good guidance about ICICI Pru. This plan helped me a lot in my crisis

Customer Review Image

Umang Singh

Kolkata

May 24, 2021

I purcharsed iProtect Smart policy from ICICI a year ago and am really satistfied with this one. Policy provides gives many benefits and i have also suggested this policy to my other family me...

View All ICICI Term Insurance Reviews

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