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 paid
  • Additional 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 page
  • Flexible 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 needs
  • 15% 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 affordable
  • Decide 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 product
  • Tax 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.

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1 Life Cover is the benefit payable on death of the life assured during the policy term

2 100% return of premiums refers to the total of all premiums paid under the base product, excluding any extra premium, any rider premium i.e. ICICI Pru Non-linked Accidental Death and Disability Rider, and taxes, if any

3 Premiums for female lives for life cover (Death Benefit) are lower by 15% as compared to male lives

4 Accidental death benefit option available through the rider: Under this option, if the person whose life is covered by this benefit option (known as the Life Assured) passes away, due to an accidental death which happens within the Coverage term such that death happens 180 days from the date of accident, the sum assured for ADB will be paid out as a lump sum to the person specified (known as the Claimant) in the policy, provided the benefit option is in-force at the time of the accident. Maximum Sum Assured available under Accidental Death Benefit option will be up to three times the Sum Assured on Death at inception for the base policy (capped at Rs. 3 Crore)

5 Accidental total and permanent disability benefit option available through the rider: If the life assured covered by this benefit option become totally, continuously and permanently disabled as a result of accident i.e., Accidental Total Permanent Disability and meets any of 3 clauses as defined in the policy document, the Accidental Total and Permanent Disability Sum Assured will be paid out as a lump sum to the nominee. On payment of the Accidental total and permanent disability Sum Assured to the Claimant, the benefit option will terminate and all rights, benefits and interests under the option will stand extinguished. Maximum Sum Assured available under Accidental Total and Permanent Disability Benefit option will be up to the Sum Assured on Death at inception for the base policy (capped at Rs. 3 Crore). For more details, kindly refer to the Rider policy document

6 Tax benefits on premiums paid and premiums received as per prevailing tax laws

ICICI Pru iProtect Smart Return of Premium UIN:

ADVT: W/II/1175/2024-25

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