ICICI Pru Protect N Gain
  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Plan Option
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ICICI Pru Protect N Gain

The plan obeys its tagline ''Growth Bhi Protection Bhi'' which means it provides dual benefits of protection and wealth creation. The plan protects the insured and their family members with life insurance coverage of up to 100 times the annual premium and grows the wealth through market-linked returns. This is a ULIP plan that has a Maturity Booster and the policyholder can receive a monthly payout through a Systematic Withdrawal Plan(SWP). Let us explore the plan in detail.

Eligibility Criteria Of Protect N Gain Plan

If a person has to buy this plan they have to fulfil the following eligibility criteria:

Entry Age

Min: 18 years
Max: 60 Years

Sum Assured

Min:5 Lakhs
Max: No Limit

Policy Term

Min:30 Years
Max: 40 Years

Maturity Age

Min: 48 Years
90 Years

Premium Payment Term

Regular Pay: 30-40 Years
Limited Pay: 5-12 Years

Premium payment mode

Annual, Semi-Annual, Monthly

Read more specifications in the brochure.

What Does Gain And Protect Means

The plan has two unique features mentioned in the plan name that offer the following benefits:

Gain

Protect
By staying longer in the policy the plan offers a market-linked return. You and your family get a Life Insurance Cover with the additional benefits of Accidental Death Cover and Accidental Disability Cover.
Returns of 2X premium allocation from the 11th policy year.
Return of 2X/3X mortality changes from the 11th policy year onwards.
Maturity Booster to boost your funds at the time of maturity. 		Life Insurance covers the entire policy term so that your family is financially secure.
Accidental Death Cover that pays lump sum payout in case of death of the policyholder.
Accidental Disability Cover that pays lumps sum payout in case of disability caused due to an accident.

Features And Benefits Of ICICI Pru Protect N Gain Policy

The plan offers ample benefits that are mentioned below:

  • Death Benefit
    The plan offers a death benefit as a basic term insurance plan. The plan provides protection by paying an amount equal to:
    • 105% of the Sum Assured
    • Fund Value + Top-Up fund value (if any)
    • Sum Assured + Top-Up(If any)
  • Maturity Benefit
    On survival of the policy term, the plan offers maturity benefit and the amount which is equal to Fund Value + Top Up Fund value.
  • Fun Options
    The plan offers 18 fund options to invest with the best returns. The fund options are available across balanced, equity and debt funds depending upon the risk the policyholder is ready to take.
  • Portfolio Strategy
    The plan offers 4 portfolio strategy options and the strategy options are:
    • Fixed Portfolio Strategy
    • Target Asset Allocation Strategy
    • Trigger Portfolio Strategy 2
    • Lifestyle-Based Portfolio Strategy 2
  • Settlement Options
    On choosing this option the policyholder can receive the maturity amount as regular income that is paid over a time period of 5 years. They can even select half-yearly, quarterly, and annual payment options.
  • Top Up
    The insured can increase the sum assured by adding an additional amount as a top-up. The policy allows a minimum top-up of Rs 2000 and once the top-up is paid it can't be withdrawn 5 years from the date of payment.
  • Partial Withdrawal
    The policy allows the insured to withdraw the spatial amount after the end of the lock-in period (i.e. 5 Years). The maximum fund that can be withdrawn must not exceed 20% of the total fund value.
  • Systemic Withdrawal Plan (SWP)
    If the policyholder opts SWP option they can receive the fund as regular income. The insured can predetermine the percentage of the fund value they want as monthly/regular income, which they can use for their financial needs.
  • Rider Benefit
    The plan offers additional benefits as Riders mentioned below:
    • Accidental Death Benefit Rider
    • Accidental Total Permanent Disability Rider
  • Change oF Premium Frequency
    The insured can change the premium payment frequency only at the policy anniversaries during the policy term.
  • Unlimited Free Switches
    The policyholder can make free switches between funds as per their preference.
  • Tax Benefits
    If a person buys this plan they are eligible for the tax benefits under 80C and 10 (10D)  of the Income Tax Act 1961.

Exclusions under The ICICI Pru Protect N Gain

The plan has following exclusions:

  • Suicide
    The policy offers a waiting period of 12 months in case of suicide.

Conclusion:

ICICI Pru Protect N Gain is a protection-oriented unit-linked saving life insurance plan that safeguards the insured and their family members with a life cover and grows the wealth to fulfill long-term goals by investing in the market. This plan protects policyholders and gives them a stress-free life.

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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:

Comprehensive Plan

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

Critical Illness Plan

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

Comprehensive Plan

ICICI Pru POS iProtect Smart

The plan provides coverage for road and train accidents, physical incapacity and comes with discounts for women.

Unique Features

  • 4 Payout Options
  • AIDS Cover
  • Accident Benefit of 2 Cr

POS iProtect Smart (Pros)

  • Life Coverage upto 99 Years
  • Buy Online With MWP Act
  • 34 Critical Illnesses Covered

POS iProtect Smart (Cons)

  • No Survival Benefit
  • No Loans Allowed
  • No ACI for Single Pay

POS iProtect Smart (Other Benefits)

  • Covers Suicide
  • Special Premium Rates for Women
  • Accelerated Critical Illness (ACI Benefit)

POS iProtect Smart (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - NA
  • Max Maturity Age - 75 Years (SP)
  • Premium Payment Term - 5yrs (RP), (SP), 10 yrs(LP)

Comprehensive Plan

ICICI Pru iShield

This policy includes benefits for death and disability, along with valuable add-ons like sum insured protector and claim protector.

Unique Features

  • Restore Benefit
  • 3 Payout Options
  • Terminal Illness Cover

ICICI Pru iShield (Pros)

  • Life cover Till the age of 85 years
  • Day Care Treatment Covers
  • Waiver of Future premiums For Permanent Disability

ICICI Pru iShield (Cons)

  • No Loan Benefit
  • Only Regular Pay is Available
  • No Survival Benefit

ICICI Pru iShield (Other Benefits)

  • Suicide Cover
  • Increasing Income Benefit
  • Pre and Post Hospitalisation Cover

ICICI Pru iShield (Eligibility Criteria)

  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 50L
  • Maximum Maturity Age - NA
  • Premium Payment Term - Regular Pay

Standard Plan

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

Standard Plan

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)

Specialized Plan

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)

Standard Plan

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

Affordable Plan

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

Affordable Plan

ICICI PRU Loan Protect Plus Plan

The plan covers death, accidental death, critical illness, and total and permanent disability offering loan benefits during periods of income loss.

Unique Features

  • Accelerated CI Cover
  • Total and Permanent Disability
  • Fixed / Reducing Coverage

ICICI PRU Loan Protect Plus Plan (Pros)

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

ICICI PRU Loan Protect Plus Plan (Cons)

  • No Suicide Cover For AD Benefit
  • No Tumor Treatment
  • No Pre Existing Diseases Cover

ICICI PRU Loan Protect Plus Plan (Other Benefits)

  • Choice of Premium Payment Terms
  • Tax Benefit
  • Choice of Coverage Options

ICICI PRU Loan Protect Plus Plan (Eligibility Criteria)

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

ICICI Pru Protect N Gain Plan: FAQs

1. When can the policyholder do a partial withdrawal?

Partial withdrawals are allowed only if the policyholder is 18 years of age.

2. How is this plan different from the traditional ULIP Plan?

The plan offers protection up to 10 times of annualized premium and provides an opportunity to increase the protection by 100 times.

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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.

View All ICICI Term Insurance Reviews

Daina Mathew

Written By: Daina Mathew

Daina is a content writеr with a profound grasp of Insurancе, Stocks, and Businеss domains. Hеr extensive 3-year еxpеriеncе in thе insurancе industry еquips hеr with a nuancеd undеrstanding of its intricaciеs. Hеr skills еxtеnd to crafting blogs, articlеs, social mеdia copiеs, vidеo scripts, and wеbsitе content. Her ability to simplify complex insurancе concepts into reader-friendly content makes her an еxpеrt in the domain.

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