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Life Raksha Plan
789-/ per month
VS
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E Term Plan
580-/ per month
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:
| PLAN DETAILS |
Life Raksha Plan |
E Term Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 85 years |
| Plan Sum Assured | 10 times annual premium | Basic Sum Assured: ₹51L to No Limit |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 60 years | Minimum Age - 18 years Maximum Age - 60 years |
| Plan Payment modes | Annual, half-yearly, quarterly & monthly | Single, Yearly, Half-Yearly, Quarterly and Monthly |
| Plan Policy loan | Policy loan is not available under ICICI Life Raksha Plan | The policy loan is not available under Kotak e-term Plan. |
| Plan Sample Premium | Rs 789-/ per month | Rs 580-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 5 years | Minimum term - 10 years Maximum term - 40 years |
| Claim Settlement Ratio (2024-25) | 99.33% | 98.61% |
|
ICICI Prudential Term Insurance Kotak Life Term Insurance |
||
* 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.
You can add the following riders to your Kotak e-term Plan:
Get an extra payout if you are diagnosed with 37 covered critical illnesses.
In case the policyholder gets permanently disabled due to an accident, benefits are paid under this rider.
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