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2 Crore Term Insurance of ICICI

ICICI ₹2 crore term insurance plan offers a life cover of ₹2 crore to the policyholder’s family in case of an unforeseen event during the policy term. Since ₹2 crore is a large amount of money, this term plan ensures the financial protection and security of the life assured’s dependents in case of their absence.

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A ₹2 crore term insurance payout from ICICI helps your loved ones manage essential expenses, fund children's education, repay outstanding loans, and meet other financial commitments without compromising their lifestyle.

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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⁺

What is a 2 Crore Term Insurance for ICICI?

ICICI term insurance plan for 2 Crores is a pure life cover that pays ₹2 Crore to your family if you pass away during the policy term. Offered primarily through the iProtect Smart plan, it ensures your dependents can maintain their lifestyle, pay off debts (like a home loan), and secure future goals.On the other hand, other term insurance plans might offer a sum assured of Rs. 50 Lakhs, 1 Crore, etc. However, choose the cover amount totally on the basis of your requirements and the type of term plan you choose.

Therefore, investing in a term plan for 2 crores offered by ICICI will ensure that your family members' financial requirements will be taken care of when you pass away. The monthly premium amount is low, making the 2 Crore term insurance for ICICI a popular choice among the policy seekers.

Note: Now that you know that what is 2 Crore Term Insurance for ICICI, you should also get to know about what is term insurance to buy a term plan for your loved ones.

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Why Should You Buy 2 Crore Term Insurance for ICICI?

As we discussed the basic concept of a 2 crore term insurance for ICICI, here are some of the benefits:

Affordable Premium Amounts
The ICICI Term Insurance Plan for 2 Crores is economical, as the monthly premium is quite low for healthy and young individuals. Moreover, you can save extra money on premiums if you invest at a young age.
Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.
Provides Financial Support
A 2 Crore Term Insurance Plan of ICICI will provide financial protection for your family members if you are the sole earner of your family or have financial dependents. The death benefit is paid to the nominee that can be used to manage education, household expenses, liabilities, and loans and also ensures that your family’s requirements are met even in case of your absence.
Tax Benefits
As per Section 10(10D) of the Income Tax Act, 1961, the death benefit or sum assured of term plans is exempted from taxes.

How Does ICICI Term Insurance for 2 Crore Work?

A term insurance plan provides life cover for a pre-specified/fixed term.
If the life assured passes away while the term insurance plan is active, the nominee or the beneficiary will be entitled to receive a death benefit from the insurer. For example, if you buy a term plan for 2 crores by ICICI, the full life cover amount will be paid to the nominee as per the T&Cs of the policy.
Then, to enjoy the 2 crore term plan benefits, you are required to pay a fixed amount of premium i.e., monthly, quarterly, bi-yearly, or yearly, depending on your requirements. However, the premium depends on some factors like gender, age, smoking habits, and annual income.
The premium amount remains the same during the policy tenure; your term plan can lapse if you do not pay the premium on time
However, if the policyholder survives the policy term, the maturity or survival benefit is paid.

ICICI Term insurance for 2 Crore is the right choice for anyone who is looking to secure their family’s future. Also, this economical investment offers you peace of mind.

Who Should Opt for ICICI Term Insurance of 2 Crores?

In your late 20s or early 30s, it will be the right time to buy a term plan for 2 crores. Because at these ages the premiums are quite low for a person who are healthy, young, and active. So, buying 2 crore term insurance is an ideal choice, if you have just started your career.
Individuals who are the sole breadwinners of a family should buy ICICI Term insurance for 2 crores. This way, you can protect your family members in case of any unforeseen event. And, if you have financial dependents, then also you can consider this plan.
If your yearly income is more than 5 Lakhs, then this term plan is right for you.

ICICI Pru iProtect Smart Term Insurance Plan for 2 Crores

ICICI Pru iProtect Smart Term Insurance Plan provides flexibility in designing your financial safety net so that you can protect the future of your family to ensure that they live their lives without any financial difficulties even in your absence. This plan also offers the option to increase the coverage against Accelerated Critical Illness and Accidental death and offers a 360-degree life coverage. This plan can be purchased through online mode.

Key Highlights of ICICI Pru iProtect Smart
- Increased Protection: The plan offers coverage for terminal illness, disability, and death
- Comprehensive add-ons: You can select Accelerated Critical Illness (ACI) benefit and Accidental Death (AD) Benefit
- Special discounted premium rates for non-tobacco users and non-smokers
- Payout: Choose to get the payout as a lump sum or as a monthly income for ten years or both
- Flexibility: You can pay premium amounts at one go, for a limited time period, or all over the policy tenure.
- Tax Benefits: Available on the premium amount paid and payouts received as per the applicable laws of income tax.
- Benefits for Women: Special rates of premium for sum assured and Accelerated Critical Illness (ACI) Benefit
- It provides coverage against female organ cancers like cervical cancer, and breast cancer under ACI benefit.

Eligibility Criteria

Minimum Entry Age	18 years
Maximum Entry Age	65 years
Maximum Maturity Age	75 years
Policy Term	5 years to Whole Life (99 years minus age at entry)
Minimum Amount of Premium	Rs.2,400
Minimum Sum Assured	Subjected to the minimum premium amount
Maximum Sum Assured	No Limit
Mode of Premium Payment	Single/yearly/bi-yearly/Monthly

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

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

Why Choose ICICI Life Insurance to Buy ₹2 Crore Term Insurance?

Strong claim settlement ratio (99.3%) — A high CSR means your family has a much better chance of a smooth, hassle-free claim exactly when it matters most.
Proven track record on payouts — ICICI Prudential Life has paid out ₹46,182 crore in benefits to date and covers over 9.17 crore lives, reflecting genuine claims-paying capacity at scale.
Financially stable insurer — Manages assets worth ₹3.09 lakh crore, giving confidence that the company can honour a large sum assured like ₹2 crore decades into the future.
Purpose-built term plan — iProtect Smart Plus is designed for high-cover buyers, with flexible payout options (lump sum, monthly income, or a combination) so your family can choose what suits them.
Affordable premiums even at ₹2 crore cover — Young, healthy applicants can lock in a high sum assured at a relatively low premium, with online-only discounts often available.
Riders for extra protection — Options like critical illness, accidental death, and waiver of premium let you customise a ₹2 crore base plan to cover more real-life scenarios, not just death.

How to Buy ICICI 2 Crore Term Insurance Plan From Policybazaar?

Below mentioned is the step-by-step guide to buy the best term insurance plan for ICICI 2 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 2 Crore term insurance plans will be displayed
Step 5: Choose the insurer i.e., ICICI and select best term insurance plan for 2 Crore that suits your financial needs and proceed to pay the first premium

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FAQs

Is 2 crore term insurance from ICICI worth it?

Ans: A ₹2 crore term insurance plan from ICICI Prudential (like the iProtect Smart plan) is highly worth it if it aligns with your income and family liabilities. It offers a strong safety net with a reliable Claim Settlement Ratio of 99.3% and substantial optional riders.
Who is eligible for ICICI 2 crore term insurance?

Ans: Age: 18 to 65 years at entry.
Income: Typically a minimum annual income of around ₹10 lakh is required.
Education: Generally, a minimum qualification of Class 12 is preferred.
Health: Applicants may need to undergo medical underwriting, with non-smokers often eligible for lower premiums.
What is ICICI 2 Crore term insurance?

Ans: An ICICI 2 Crore term insurance plan is a pure life cover that pays a ₹2 Crore death benefit to your nominee if you pass away during the policy term. It acts as a financial safety net to replace lost income, settle debts like home loans, and secure your family's future.
Which ICICI 2 crore term insurance is best?

Ans: The best 2 crore policy from ICICI Prudential is iProtect Smart Plus. It offers a robust claim settlement ratio, flexible payout options, and highly customizable riders

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."

Write to Varun

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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

+On the basis of your profile

+Rs. 410/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. 410/month (Rs.14/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 rounded off to nearest 10

+Rs. 245 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.

+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. 15/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. 504/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. 494/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. 636/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. 918/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. 1,286/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.

+Rs. 453/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.582/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. 786/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. 1,592/month 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.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/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.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, 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. ₹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

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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