ICICI Prudential 1 Crore Policy

A ₹1 crore life insurance policy is one of the most popular choices among individuals who want high-value pure life cover at affordable rates. If you are considering an ICICI Prudential ₹1 crore policy, understanding how it works, who should buy it, and the factors affecting its premium can help you make an informed decision.

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What Is an ICICI Prudential 1 Crore Policy?

An ICICI Prudential 1 Crore Policy typically refers to a pure term life insurance plan from ICICI Prudential Life Insurance that guarantees a ₹1 crore payout to your family if you pass away during the policy term. It is designed to provide high financial protection at affordable premiums.

Depending on your financial goals, you may choose a term insurance plan that provides pure life cover or opt for savings-oriented life insurance products that combine protection with wealth creation.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Why Choose a ₹1 Crore Life Insurance Cover?

For many families, a ₹1 crore term insurance cover can provide a substantial financial cushion. It helps replace lost income and ensures loved ones can maintain their lifestyle even in the policyholder's absence. Some of the benefits of having Rs. 1 Crore life insurance cover include:

Financial protection for your family: Helps ensure your spouse, children, or dependent parents have access to funds to meet their ongoing needs.
Debt repayment support: Can be used to pay off liabilities such as home loans, personal loans, or other outstanding obligations, reducing the financial burden on your family.
Support for future goals: Provides funds that can help cover children's education, marriage expenses, or other long-term financial commitments.
Income replacement: Acts as a substitute for the policyholder's lost income, helping the family maintain their standard of living.
Greater financial confidence: Offers reassurance that your loved ones may have the resources they need to navigate future expenses and uncertainties.

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₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

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Key Features of an ICICI Prudential 1 Crore Policy

Below are some of the key features of Life Insurance plans with 1 crore sum assured:

High Life Cover
A sum assured of ₹1 crore provides significant financial protection to beneficiaries in the event of the policyholder's untimely death.
Flexible Policy Terms
Applicants can often choose policy durations based on their age, retirement plans, or financial responsibilities.
Multiple Premium Payment Options
Premiums may be payable monthly, quarterly, half-yearly, annually, or through limited payment options, depending on the selected plan.
Optional Riders

Policyholders may enhance coverage by adding riders such as:

Critical illness benefit
Accidental death benefit
Accidental disability benefit
Waiver of premium benefit
Tax Benefits

Premiums paid and benefits received may qualify for tax advantages under applicable provisions of the Income Tax Act, subject to prevailing tax laws and eligibility conditions.

Who Should Buy an ICICI Prudential 1 Crore Policy?

A ₹1 crore life insurance policy may be suitable for:

Salaried professionals with dependent family members
Self-employed individuals and business owners
Newly married couples planning their financial future
Parents with young children
Home loan borrowers who want to protect their family from repayment burdens
Young professionals looking to secure high coverage at relatively affordable premiums

How To Buy a 1 Crore Term Insurance Plan from Policybazaar?

Below is the step-by-step guide to buy the best term insurance plan for a Rs. 1 crore term plan from Policybazaar:

Step 1: Visit Policybazaar and go to the Term Insurance page

Step 2: Fill in the basic details such as name, Date of Birth, and contact number and click on ‘View Plans’

Step 3: Answer the questions about smoking habits, annual income, occupation type, and educational qualification.

Step 4: After submitting all the details, a list of all available 1 Crore term insurance plans will be displayed.

Step 5: Choose the best term insurance plan for 1 Crore that suits your financial needs and proceed to pay the first premium

Note: It is suggested to calculate the term plan premium on the term insurance premium calculator online tool before buying term insurance plan.

Wrapping Up

An ICICI Prudential 1 Crore Policy can be a practical choice for individuals seeking substantial financial protection for their loved ones. With the right policy term, suitable riders, and adequate coverage, it can help safeguard your family's financial future against unexpected events. Before purchasing any life insurance plan, carefully evaluate your income, liabilities, long-term goals, and policy features to ensure the coverage aligns with your needs.

Note: Know what is term life insurance first and then buy a term plan for your loved ones.

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.

Note: Check all the best term insurance plan in India.

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What is Term Life Insurance

FAQs

Q. Is a ₹1 crore life insurance cover enough?

Ans: It depends on your income, liabilities, and family responsibilities. For many individuals, ₹1 crore offers meaningful financial protection, but those with higher incomes or significant obligations may require larger coverage.
Q. Can I increase my coverage later?

Ans: Some insurance products allow additional coverage or new policy purchases, subject to underwriting and eligibility conditions.
Q. Does the premium remain fixed?

Ans: Many term insurance policies offer fixed premiums throughout the policy term, although this depends on the specific plan selected.
Q. Are medical tests mandatory?

Ans: Medical examinations may be required based on factors such as age, coverage amount, health history, and underwriting guidelines.
Q.Can NRIs purchase an ICICI Prudential ₹1 crore policy?

Ans: Many life insurance products are available to eligible Non-Resident Indians, subject to applicable rules, documentation, and insurer requirements.

Author's Bio

Varun Agarwal Head - Term Insurance

Varun has spent years in the insurance space, but what drives him isn't policies or premiums — it's the conversations he's had with real people. A young father in Pune wondering if his salary is enough. A newly married couple in Jaipur putting off "the insurance talk" for later. A mother in Chennai who never knew her husband was underinsured until it was too late.
These stories stay with him. As Head of Term Insurance at Policybazaar, Varun knows the numbers well — 52.4% of Indians are aware of term insurance, yet only 9.6% own it. And 87% of families don't realise they're leaving their loved ones with far less protection than they actually need. But behind every statistic, he sees a family that just needed someone to sit with them, explain it simply, and help them take that one step. That's exactly what Policybazaar's term insurance is built to do. In his words, "Most people aren't avoiding protection — they're just waiting for someone to make it easy. That's what we're here for."

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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