ICAI HDFC Term Insurance

ICAI HDFC term insurance refers to the HDFC Group Poorna Suraksha Term Insurance (GPS) plan for the ICAI members. The plan offers life cover with the option of adding accelerated critical illness benefits and multiple premium pay options. The HDFC Life Group Poorna Suraksha is a Group Term Insurance plan that ensures the financial security of the members' loved ones in case of the death of the Member.

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Benefits of HDFC ICAI Term Insurance

The following are the benefits offered under the ICAI term insurance called HDFC Group Poorna Suraksha plan:

  • Comprehensive Protection: You can get comprehensive life cover with optional accelerated critical illness benefits.

  • Death Benefits: In case of the unfortunate death of the policyholder, the sum assured will be paid to the nominee.

  • Multiple Premium Payment Options: Choose the most suitable premium pay method from the following:

    • Single,

    • Regular, or

    • Limited pay of 5, 10, or 15 years

  • Cover Continuity Benefit: The term insurance cover will continue for the remaining members in case of the exit of a member from the policy coverage.

  • Death Benefit Payout Options: Nominees can choose to receive lump sum or installment payouts for up to 5 to 15 years.

  • Discounted Pricing: The premium rates offered to the ICAI members are negotiated and offered under the Beneficiary Schemes Directorate tie-up arrangement. The premiums are determined based on the customer’s age, life cover, and selected payment option.

Eligibility Details to Get Covered Under the HDFC Group Poorna Suraksha Term Plan

Here are the eligibility conditions for this HDFC ICAI term insurance plan:

Parameters Minimum Maximum
Entry Age 18 years 60 years
Policy Term 10 years 50 years
Sum Assured 50 Lakhs Varies on a case-by-case basis
Maturity Age - 80 years

Additional Details of the ICAI HDFC Term Insurance

Grace Period: The scheme offers a grace period of 30 days from the date of annual renewal.

Policy Lapse: In case the premium is not paid within the due date or the subsequent grace period, the policy will lapse.

Claim Documents: The term insurance claim documents need to be submitted within 30 days from the date of death of the scheme member. The following are the documents required to be submitted along with the death claim:

  • Claim Form (duly filled in and signed)

  • Death Certificate

  • NEFT Mandate & Copy of Cancelled Cheque

  • Other documents, if any, are required for the validation of the claim, depending on the reason of death

Easy Underwriting with Higher Video MER Limits

Age (Years) Video MER Limit (Annual Income ≥ ₹7 Lakh) Video MER Limit (Annual Income ₹5-7 Lakh)
Up to 35 ₹2 Crore ₹1 Crore
36-40 ₹1.5 Crore ₹75 Lakh
41-45 ₹75 Lakh ₹50 Lakh
46-55 ₹50 Lakh ₹50 Lakh
Above 55 Physical Medicals Required Physical Medicals Required

Limits may vary depending on the insurer's underwriting guidelines.

Higher Sum Assured Eligibility Based on Age

Age (Years) Maximum Sum Assured Eligibility (Multiple of Annual Income)
18-35 25 Times
36-40 20 Times
41-45 15 Times
46-50 12 Times
51-55 10 Times
55-60 5 Times

The final sum assured offered is subject to the insurer's underwriting and eligibility criteria.

How to Get the HDFC Group Poorna Suraksha (GPS) Term Plan?

The members can buy ICAI HDFC term insurance plan by following the steps below:

Step 1: Visit the gps[dot]hdfclife[dot]com/registeration/ page

Step 2: Select the organisation as an ICAI member

Step 3: Fill in the ICAI membership details and generate a quote

Step 4: Choose the suitable sum assured, term, and payment option

Step 5: Fill out the application form and upload the required documents

Step 6: Pay the premiums online and the policy will be issued after successful verification

Premium By Age

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Author's Bio
Varun Agarwal
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."

Write to Varun

˜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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˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.



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