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

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

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’.

Explore ICICI Term Insurance

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.