Prices Increasing soon Prices Increasing Soon

Bandhan iTerm vs ICICI Prudential iProtect Term Insurance

Insurance is a medium of safeguarding personal interests from uncertainties that could lead to wealth depreciation or financial setbacks. Insurance companies offer different term insurance plans, allowing persons to select the policy type that helps them plan for a safe financial future for their loved ones. Here is detailed information about the two popular term plans – Bandhan life iTerm Plan and ICICI Prudential iProtect Smart.  

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Note: Know more about what is term insurance first before reading this article.

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

Term Insurance Plans 

Term Insurance Plans are the purest form of life insurance.A term insurance plan provides the insured with a life cover on the following terms-

  • The insured is expected to pay a small sum of money in pre-decided installments to get a life cover. The amount that has to be paid by the insured through the course of the policy is fixed but the mode of paying the premium is flexible, i.e., the insured can choose to pay the premium monthly, quarterly, half-yearly, or annually.

  • Premium paid on term

  • Insurance is tax-deductible. Also, the sum assured is tax-adjustable.

  • In return for the interest installments paid by the insured during the tenure of the insurance, the insured life gets full insurance coverage.

  • In case of the demise of the insured during the insurance plan, a nominee, nominated by the insured, gets the death benefit. This term insurance benefits is either provided at once (in lump-sum) or at pre-decided intervals over a course of time. This is provided in order to cover any probable financial losses that could occur after the demise of the insured.

  • In case the insured survives the tenure of the term plan, he is not eligible to receive any return from the insurance company.

  • Term insurance is the most simple and affordable investment option for people looking for pure life insurance.

  • Along with providing financial stability to the family after the untimely demise of the insured, term insurance provides an easy way for repayment of standing

one crore term plan

Secure Your Family Future Today


Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Bandhan iTerm Plan-

Bandhan Life iTerm is a basic, pure protection plan offered by Bandhan Life. This plan provides a comprehensive solution to protect your loved ones from financial uncertainties in case of your absence. The various features of Bandhan iTerm Plan are-

  • It is very economical.

  • It provides a cover till the age of 100 years.

  • It provides the insured with an option to increase the sum assured.

  • The premium can be paid in different modes as per the choice of the insured, i.e., the premium can be paid once every month, once in 3 months, once in six months, or once a year.

  • This term plan offers critical illness benefit to the insured.

  • Deductions and additional aids are provided to the insured in case of an accident or in time of disability due to an unfortunate reason.

  • The insured also enjoys various tax benefits. The premium paid by the insured during the insurance is tax-deductible.

Additional Features-

  • The insured is provided with additional 30 days for premium payment if the due date has been missed. This period is called a grace period.

  • In case no claim has been made during the first month of the policy, then the insured has an option of cancelling his policy.

  • Any policy can be surrendered after 3 years of its inception, at a surrender value =

 [70% x (outstanding tenure/original tenure) x single premium amount]. 


Minimum  Maximum
Entry Age  18 years  65 years 
Policy Term  5 years  62 years 
Maturity Age  80 years 80 years 
Premium Paying Frequency  Single/Annually/Semi-annually/Monthly
Premium Payment Mode  Single Payment or Equal to Policy Term 
Basic Sum Assured 25 Lakh
Basic Premium  Rs. 241for 30-year policy term and Rs/ 25 Lakh Sum Assured

Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.

ICICI Prudential iProtect Term Plan

ICICI Prudential iProtect Smart Term Plan is specifically designed to protect your family, even in case of your absence. This plan provides you the option to increase your coverage against Accelerated critical illness and Accidental death. The various features of the ICICI iProtect Term Plan are-

  • It is a very lucrative investment option.

  • The premium that has to be paid over the course of the plan is fixed and cannot be modified.

  • This plan is for investors who are looking to invest online.

  • The process of investment and claim-receiving is very simple and user-friendly.

Additional Features-

  • The insured is provided additional 30 days for premium payment if the renewal date has been missed. This period is called a grace period.

  • The investor does not have an option to surrender this investment.

  • In case no claim has been made during the first 15 days of investing in the plan, the insured has an option of canceling his policy.

  • The policy has 2 options for reaping benefits-

    • The death benefit from the sum assured.

    • In case of accidental death, an additional sum (up to 50 Lakhs) is paid to the nominee.

The various distinctive features of both the plans are listed in the table below:

Plan Name Bandhan iTerm Plan ICICI Prudential iProtect Term Plan
Age of Entry Minimum- 18 Years Maximum- 65 Years Minimum- 20 years Maximum- 65 Years  
Age of Maturity Maximum- 75 Years Maximum- 75 Years
Tenure Minimum- 5 Years Maximum- 57 Years Minimum- 10 Years Maximum- 30 Years
Sum assured Minimum- 25 Lakh Maximum- No Limit Minimum- 25 Lakh Maximum- 1 Crore
Premium Payment Tenure
  • Single premium
  • 5-57 Years
Minimum- 10 Years Maximum- 30 Years
Mode of Premium Payment
  • Monthly
  • Quarterly
  • Half Yearly
  • Annually

Disclaimer : *Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Wrapping It Up!

Term plans are the best investment for first-time investors and investors looking for minimal risk options. The returns paid out to the nominee plan are equal or more than the sum assured, hence tend to cover a lot of financial losses and liabilities. Every term insurance plan comes with pros and cons. However, the selection depends on your preferences to choose a right term plan, 

Note: Check out the best term insurance plan in India and choose one that suits your requirements.

Premium By Age

Term insurance Articles

  • Recent Article
  • Popular Articles
02 Jul 2024

Term Life Insurance in Daman and Diu 2024

Daman and Diu, a union territory in western India, consists of

Read more
02 Jul 2024

Term Life Insurance in Andhra Pradesh 2024

Andhra Pradesh, a state in the southern coastal region of India

Read more
02 Jul 2024

Term Life Insurance in Sikkim 2024

Sikkim is a Northeastern Indian state bordered by Bhutan, Tibet

Read more
02 Jul 2024

Term Life Insurance in Punjab 2024

Punjab, also known as the Land of Five Rivers, is situated in

Read more
02 Jul 2024

Term Life Insurance in Chhattisgarh 2024

Chhattisgarh is a state known for its forests, majestic

Read more

'Har Family Hogi Insured' Policybazaar's Vision...

Empowering Every Household: policybazaar's Commitment to Nationwide Coverage In a visionary move towards a

Read more

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more

2 Crore Term Insurance Plan

Individuals can choose to buy term plan that offers a life cover (sum assured) of ₹ 2 crore. These plans are

Read more

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
Need Help? Request Callback
View Plans
Download the Policybazaar app
to manage all your insurance needs.