Secure Your Future with our term Plan that returns premium on maturity
In today’s world, protecting your family’s future with life insurance is essential. However, while term plans offer comprehensive life cover, many individuals wish for a plan that not only secures their loved ones but also provides savings benefits.
Presenting ICICI Pru iProtect Smart Return of Premium, a plan designed exclusively for you to help provide financial security for your family, no matter what. This product offers the best of both worlds: financial security for your family in case of any unforeseen events, and the assurance of receiving your premiums back if you outlive the policy term.
Key Benefits of Our Term Plan with Return of Premium
Life Insurance Cover1 with 100% premiums back2:
In the event of death of the Life Assured during the policy term, Death Benefit will be paid out. Upon survival of the Life Assured till the date of maturity, you will receive a maturity benefit equal to 100% of total premiums paidAdditional protection against accidental death3 and accidental disability4:
The plan provides an extra layer of protection in case of accidental death and/or total and permanent disability due to an accident through the ICICI Pru Non-Linked Accidental Death and Disability rider. For more information about the rider, please visit the below pageFlexible Policy Term and Premium Payment Options:
Choose from a variety of policy durations and payment terms, making it easier to fit the plan into your financial goals and budgeting needs15% lower premiums5 for women customers for lifetime:
Women enjoy the benefit of lower premiums, with a special lifetime discount of 15%, making this plan more affordableDecide how to receive the life cover1 amount:
Nominee will receive the life cover payout as lump sum. However, you can also choose to receive the life cover as income over 5 years or a combination of lump sum and income over 5 years. For more information, please refer to the brochure of the productTax Benefits6:
Tax benefits may be applicable on premiums paid and benefits received as per the prevailing tax laws
Plan at glance:-
Premium Payment Option | Premium Payment Term(in years) | Minimum Policy Term (in years) | Maximum Policy Term (in years) | Min/Max Age at Entry (in years) | Min/Max Age at Maturity (in years) |
---|---|---|---|---|---|
Limited Pay | 5 | 20 | 40 years | 18/55 | 38/85 |
7 | |||||
10 | |||||
12 | |||||
15 | |||||
Upto 60 years of age | |||||
Regular Pay | Equal to Policy Term |
Illustration
Let us understand how this plan option works:
Mr. Kumar, a 35-year-old male, wants to cover his loved ones with a savings plan with sum assured of ₹ 1 Crores for 40 years. He maintains a good lifestyle and is a healthy, non-smoker .He chooses to pay premiums for 10 years.