India is undergoing a transformative economic growth in the past couple of decades. You, as a part of India’s rising new generation, want to participate in India’s growth story and aspire to realise the dreams you have for your loved ones. For the non-negotiable goals you have in mind for your family, you need the right plan. The plan should also be able to take care of your family’s financial wellbeing even in your absence.

Presenting ICICI Pru Protect N Gain - a protection-oriented unit linked savings life insurance plan, designed to grow your wealth to fulfil your long-term goals and safeguard your family with an adequate life cover1. With ICICI Pru Protect N Gain, protect your life goals, and gain a stress-free life!

ICICI Pru Protect N Gain: A one stop solution for your Insurance and Investment needs


You and your family with a Life Insurance cover1, Accidental Death cover5 and Accidental Disability cover5


  • Life Insurance cover: Life Cover1 for the entire policy term so that your family is financially secured even in your absence
  • Accidental Death cover: Accidental Death cover5 paid as lump sum in case of death due to an accident
  • Accidental Disability cover: Accidental Disability cover5 paid as lump sum in case of permanent disability due to an accident


By staying longer in the policy with market linked returns


Maturity Benefit: Lump sum will be paid to you at the maturity of the policy equal to your policy fund value

The above maturity benefit is inclusive of the following additions to your policy:

  • Return of 2X premium allocation charges2 from 11th policy year
  • Return of 2X/4X mortality charges2 from 11th policy year onwards
  • Maturity booster3 to boost your fund value at maturity





Boundary Conditions

Premium Payment option Premium Payment Term (PPT) (in years) Policy term (in years) Minimum/ Maximum age at entry (in years) Minimum/ Maximum age at maturity (in years) Minimum Premium Minimum Sum Assured
Limited Pay 5 - 12 30 – 40 18/60 48/90 ₹ 40,000 ₹ 4,00,000
Regular Pay 30 – 40

Premium Payment Frequency: Annual, Half-yearly, Monthly

Maximum Premium/ Maximum Sum Assured: Subject to internal Company guidelines i.e., Board Approved Underwriting Policy (BAUP)


Rajesh, a 35 year old, purchased ICICI Pru Protect N Gain to secure family's future and grow wealth to achieve cherished goals. He selected a Sum Assured of 2 Cr with a premium payment term of 10 years and policy term of 40 years

Rajesh’s returns will be according to the performance of funds` he has selected

ARR: The Illustrations are based on Assumed Rate of Return of 8% and 4%. The maturity benefits shown are for illustrative purposes only and are subject to the actual fund performance

1. How is this plan different from traditional ULIP plan?

A ULIP plan offers protection upto 10 times of the annualised premium. ICICI Pru Protect N Gain provides the opportunity to offer protection of upto 100 times of the annualised premium along with the wealth creation through market linked returns

2. Can riders be opted along with this plan?

Yes, ICICI Pru Protect N Gain comes with the ICICI Pru Linked Accidental Death and Disability Rider. Please read the rider brochure to know more details

3. What is Systematic Withdrawal Plan4(SWP)?

SWP allows you to withdraw a pre-determined percentage of your fund value regularly. This can help you to meet specific needs such as child’s education or money for day-to-day expenses during retirement

4. When can I do partial withdrawals?

Partial withdrawals are allowed only after the first five policy years and on payment of all premiums for the first five policy years

5. What is the age eligibility to do partial withdrawals?

Partial withdrawals are allowed only if the Life Assured is at least 18 years of age

6. What are the tax benefits under this policy?

You can avail of tax benefits on the premiums you pay towards this plan and the benefit you receive subject to conditions under section 80C, 10(10D) and other provisions of The Income Tax Act, 1961



Please note: NA: Fund has not completed the stipulated time period

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1Life cover is the benefit payable on death of the life assured during the policy term. Death Benefit will be highest of:

  • Sum Assured, including Top-up Sum Assured, if any
  • 105% of the total premiums paid
  • Fund Value including the Top-up Fund Value, if any
  • 2Starting from the 11th policy year, you will receive 2X/4X of return of mortality and 2X of policy administration charges (excluding taxes), at the beginning of each month, till the end of the policy term. These will be added in the form of units to the Fund Value.

    3At policy maturity, an addition, known as Maturity Booster in the form of extra units (Units mean a specific portion or part of the Unit Linked Fund(s) in which you have saved your money) will be made to boost your Fund Value. This Maturity Booster will be equal to 20% percentage of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.

    4Systematic Withdrawal Plan is allowed only after the first five policy years.

    5Available through mandatory rider ‘ICICI Pru Accidental Death and Disability rider’. Please refer to the rider brochure for more details.

    6Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and cesses, if any will be charged extra by redemption of units, as per applicable rates. Tax laws are subject to amendments from time to time.

    `Past performance is not indicative of future performance.

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    Income Fund ULIF 089 24/11/09 LIncome 105
    Money Market Fund ULIF 090 24/11/09 LMoneyMkt 105
    Maximise India Fund ULIF 136 11/20/14 MIF 105
    Active Asset Allocation Balanced Fund ULIF 138 15/02/17 AAABF 105
    Value Enhancer Fund ULIF 139 24/11/17 VEF 105
    Secure Opportunities Fund ULIF 140 24/11/17 SOF 105
    Focus 50 fund ULIF 142 04/02/19 FocusFifty 105
    India Growth fund ULIF 141 04/02/19 IndiaGrwth 105
    Balanced Advantage Fund ULIF 144 03/06/21 BalanceAdv 105
    Sustainable Equity Fund ULIF 145 03/06/21 SustainEqu 105
    Mid Cap Fund ULIF 146 28/06/22 MidCapFund 105
    Mid Cap Hybrid Growth Fund ULIF 147 050123 MCHybrdGrt 105
    Constant Maturity Fund ULIF 148 050123 ConstntMat 105
    Mid Cap Index Fund ULIF 149 050723 McIndxFund 105
    Mid Cap 150 Momentum 50 Index Fund ULIF 151 180124 McMomentum 105
    Multicap 50 25 25 Index Fund ULIF 152 220224 MultiCapIF 105
    MidSmall Cap 400 Index Fund ULIF 153 150424 MidSmal400 105

    ICICI Pru Protect N Gain (A Linked, Non-Participating, Individual, Savings Life Insurance Plan.) UIN:

    ICICI Pru Linked Accidental Death and Disability Rider UIN:


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