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.

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’.

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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

  • Choose Your Cover
  • Accidental Death Cover
  • Unlimited SA Options

ICICI Pru iCare II (Pros)

  • 2 Crore Accidental Death Benefit
  • One Pay & Single Pay Option
  • Unexpired Risk Premium Value

ICICI Pru iCare II (Cons)

  • No Maturity Benefit
  • No Loans Allowed
  • Death Due To Drugs

ICICI Pru iCare II (Other Benefits)

  • Suicide Cover
  • Tax Benefit
  • Affordable Plan

ICICI Pru iCare II (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - NA
  • Premium Payment Term - SP

ICICI Pru iProtect Return of Premium

The plan offers coverage for 64 critical illnesses, 360-degree protection, and enhanced safeguarding against accidental death.

Unique Features

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

iProtect Return of Premium (Pros)

  • Income Benefit Post 60 Years
  • ROP with Life-stage cover
  • Survival Benefits

iProtect Return of Premium (Cons)

  • Income Benefits for a non-smoker
  • No Critical Illness Cover With LP
  • Critical Illness Caused by Sterility and Infertility

iProtect Return of Premium (Other Benefits)

  • Loyalty Discount of 5% & 2%
  • Critical Illness (CI) Benefit
  • Accidental Death Benefit Cover up to 2 Cr

iProtect Return of Premium (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 85 Years
  • Premium Payment Term - 5 To 40 Years

ICICI Pru iProtect Smart Term Plan

This plan offers an optional accidental death benefit of up to 2 crores, extended coverage until age 99, and includes coverage for Covid-19 claims.

Unique Features

  • Unlimited Maximum Sum Assured
  • Smart Exit Benefit
  • Waiver of Premium Benefit

iProtect Smart Term Plan (Pros)

  • Major Organ Benefit
  • Accelerated Critical Illness Benefit
  • Choose your Policy Term

iProtect Smart Term Plan (Cons)

  • No Loans Allowed
  • Modal Loadings
  • No Maturity Benefit

iProtect Smart Term Plan (Other Benefits)

  • Brain and Nervous System Benefit
  • Heart and Artery Benefit
  • Terminal Illness and Disability Enhanced Protection

iProtect Smart Term Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - NA
  • Maximum Maturity Age - 75 Years
  • Premium Payment Term - RP/SP/LP

ICICI Pru Life Raksha

A pure term plan that offers low coverage of 5 lakhs and premium discounts.

Unique Features

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

ICICI Pru Life Raksha (Pros)

  • Death Benefit
  • Suicide Cover
  • Policy Revival Within 5 Years

ICICI Pru Life Raksha (Cons)

  • No Maturity Benefit
  • No Loans Allowed
  • No Surrender Benefit

ICICI Pru Life Raksha (Other Benefits)

  • 30 Days Grace Period
  • Tax Benefit
  • Affordable Plan

ICICI Pru Life Raksha (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 K
  • Maximum Maturity Age - NA
  • Premium Payment Term - 5 Years

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 Loan Protect Plan (Pros)

  • 125% Death Benefit
  • Suicide Cover After 12 Months
  • Surrender Value For One Pay Option

ICICI Pru Loan Protect Plan (Cons)

  • No Maturity Benefit
  • No Disability Cover
  • Only Single Pay Option

ICICI Pru Loan Protect Plan (Other Benefits)

  • Home Equity Loan
  • Commercial Property Loan
  • Land Loans

ICICI Pru Loan Protect Plan (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - NA
  • Premium Payment Term - SP/5 Yrs

ICICI Pru Precious Life

The plan covers cancer survivors, pre-existing conditions, post-surgery individuals and offers lump sum and income benefits.

Unique Features

  • Increasing Income Benefit
  • Non-smoker Benefit
  • Medical Reports On Request

ICICI Pru Precious Life (Pros)

  • 4 Flexible To Take Death Benefit
  • Loyalty Benefit For 5% RP, 2% LP
  • Unexpired Risk Premium Value or LP/SP

ICICI Pru Precious Life (Cons)

  • Extra Mortality Premium
  • No Loans Allowed
  • No Maturity Benefit

ICICI Pru Precious Life (Other Benefits)

  • Suicide Cover
  • Tax Benefit
  • Obesity, Diabetes, High BP, Asthma

ICICI Pru Precious Life (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 2 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

ICICI Pru Saral Jeevan Bima

A standard pure protection term plan that offers coverage on affordable premiums.

Unique Features

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

ICICI Pru Saral Jeevan Bima (Pros)

  • Available For Online Buying
  • Max Sum Assured 1 Cr
  • Choose To pay Premium Once

ICICI Pru Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

ICICI Pru Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

ICICI Pru Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

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.

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ICICI Term Insurance Reviews

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

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Preety Kamat

Bhopal

April 8, 2024

Got ICICI Pru iProtect Smart term insurance plan via PolicyX; so far, I& 039;ve hassle-free renewal service and have not faced any kind of nuisance.

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Anil kumar

Gurgaon

March 18, 2024

I had to purchase term life insurance for my mother, So I decided to consult with the insurance advisor of Policyx.com, after analysing all details carefully. Mr Nikhil suggests me to go with I...

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Vaibhav gupta

Belgaum

February 16, 2024

Recently I turned 18 years old, and the first thing that comes to mind is to opt for a term plan. So I visited policyx.com for a better understanding, and an advisor named Vishal properly under...

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Suraj Jha

Chandigarh

January 25, 2024

Getting term insurance from PolicyX.com was easy. The online application was simple, and I could easily compare different plans. The website gave clear information, and I got my policy without ...

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Pradeep Verma

Agra

October 5, 2023

I recently purchased Kotak Life Term Insurance Plans through Policyx.com, and I must say the process was incredibly smooth. Highly recommended!

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Tanushree Sengupta

Hyderabad

October 5, 2023

I highly recommend PolicyX.com for anyone looking to purchase an ICICI Prudential term insurance plan. They made the process simple and efficient.

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Aniket Verma

Jaipur

October 5, 2023

PolicyX.com s guidance and support were instrumental in helping me choose the right ICICI Prudential term insurance plan.

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Naina Kapoor

Kolkata

October 5, 2023

I m grateful to PolicyX.com for helping me secure my family s financial future with an ICICI Prudential term insurance plan.

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