Life Raksha Plan vs Care Plus Term Plan Term Insurance Plan 2026 | PolicyX

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ICICI Pru Life is a pure protection term insurance plan designed to provide affordable financial security for families. The plan offers life cover ranging from ₹50,000 to ₹5 lakh with tax benefits on premiums paid.

The plan is offered by ICICI Pru Life Insurance company and comes with tax benefits against the premiums that you pay. The premium payment term of the Life Raksha plan is regular pay for 5 years. It is to be noted that this plan does not come with any maturity or surrender benefits. 

Here are some benefits of this plan:

  • 5 year regular pay
  • Affordable premiums
  • Tax benefits
  • Short term cover
  • Option to choose low sum assured

 

 

PLAN DETAILS

Life Raksha Plan

Care Plus Term Plan

Premium Including GST
Key Features
(Key features of the plan)
  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Option
  • Death Benefit
  • Two Plan Options
  • Accidental Rider
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 85 years
Plan Sum Assured 10 times annual premium Base Sum Assured: Rs 25 Lakhs to No Limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 60 years Minimum Entry Age: 18 years, Maximum Entry Age: 65 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Policy loan Policy loan is not available under ICICI Life Raksha Plan The policy loan is not available under Care Plus Term Plan.
Plan Sample Premium Rs 789-/ per month Rs 523-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 5 years Minimum Term: 5 years, Maximum Term: (85 minus Entry Age) years
Claim Settlement Ratio (2024-25) 99.33% 99.78%
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* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

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