ICICI Pru iProtect Return of Premium

ICICI Pru iProtect Return of Premium protects you and your family members against all unpredictability, secures your future financial planning while also making sure that you receive a maturity/survival benefit. Let’s discuss the plan in detail.

Get ₹1 Cr. Life Cover at just ₹449/month+
No medical
checkup required
Covers
COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

+Tax benefit is subject to changes in tax laws.

++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Covers COVID-19
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

ICICI Pru iProtect Return of Premium – Benefits 

Here are the benefits of ICICI Pru iProtect Return of Premium Plan: 

  1. Selection of four plan options personalized for your safety requirements 

    • Income Benefit: Receive life coverage all over the policy tenure and start receiving income monthly from 60 years of age till the completion of the policy tenure 

    • Return of Premium: Receive life coverage all over the policy tenure and get 105 percent of your premium amounts back at the time of maturity. 

    • Early ROP with life stage: Receive life cover (alterations as per life stage) during the policy tenure. Moreover, receive 105 percent of your premium amounts back upon maturity. 

    • ROP with Life Stage:Receive life cover (alterations as per life stage) during the policy tenure. And, receive 105 percent of your premium amount back on maturity. 

  2. 360-degree Protection 

    • Protection with life stage option: This cover adjusts to your varying responsibilities and life stage.

    • Security for 64 critical ailments/illnesses: An added and immediate payout on the diagnosis of 4 minor and 60 major critical illnesses.

    • Increased protection for accidental death: Receive up to 2 times the life cover in case of demise because of an accident. 

  3. Survival Benefits 

    • Return of Premium: Receive 105 percent of your premiums back at the last of the plan tenure with ROP and ROP with life stage plan options. 

    • Regular Income: Receive a guaranteed income monthly from 60 years of age till the last of the policy tenure with the plan option of ‘Income Benefit’. 

    • Early ROP: Receive 105% of the premium amount back at the 60/70 years along with continued cover till the last of the policy tenure with plan option ‘Early ROP with Life stage coverage’.

  4. Choose your Benefit option 

    You can opt for supplementary benefits such as safety against 64 critical ailments or add-on life cover in case of an accident under each of the plan options based on the below selection: 

    Options  Benefits 
    Life  Life cover 
    Life Plus  Life cover + Accidental death benefit 
    Life and Health  Life cover + Critical illness Benefit
    All in one  Life cover + critical illness benefit + Accidental death benefit 

    Note: The premium amount will vary on the basis of the benefit option chosen 

  5. Tax Benefits 

    Get tax savings benefit on the premium amount paid & paybacks received as per the prevalent laws of the Income-tax act. 

Eligibility Criteria of ICICI Pru iProtect Return of Premium

Eligibility Conditions for Level Cover
Plan options  Premium Payment Term  Minimum-Maximum Policy tenure  Entry Age  Maturity Age 
Return of Premium  Single Pay – one time  5 -40 years  18-65 years  23-85 years 
5 Pay  10 -40 years  28-85 years 
7 Pay  12-40 years  30-85 years 
10 Pay  15-40 years  33-85 years 
12 Pay  17-40 years  35-85 years 
15 Pay  20-40 years  38-85 years 
Regular Pay  10-40 years  28-85 years 
60 years  10-40 years  25-55 years  65-85 years 

Affordable Term Life Insurance Affordable Term Life Insurance

Eligibility Conditions for Life Stage Cover
Plan options  Premium Payment Term  Minimum-Maximum Policy tenure  Entry Age  Maturity Age 
Return of Premium (ROP) with Life stage  5 Pay  15-40 years  25-50 years  65-85 years 
7 Pay 
10 Pay 
12 Pay  17-40 years  25-48 years 
15 Pay  20-40 years  25-45 years 
60 years  15-40 years  25-50 years 
Early ROP with Life Stage coverage at 60 years of age  5 Pay  15-40 years  25-50 years  65-85 years 
10 Pay  20-40 years  25-45 years 
12 Pay  22-40 years  25-43 years 
20 Pay  30-40 years  25-35 years 
Early ROP with Life Stage at 70 years 5 Pay  25-40 years  35-50 years  75-86 years 
10 Pay  25-40 years  35-50 years
12 Pay  27-40 years  35-48 years 
20 Pay  35-40 years  35-40 years 
60 years  25-40 year  35-50 years 

Kal Kisi Ne Nahi Dekha Kal Kisi Ne Nahi Dekha

Plan Options in Detail of ICICI Pru iProtect Return of Premium 

You have the flexibility to choose any of the following plan options at inception and your benefits will be based on the plan option chosen. Once selected, the plan option cannot be changed. 

ROP
Life cover  The legal heir/nominee will receive the life coverage according to the selected death payout option
Single Pay:  Death benefit received will be higher of: 
  • SA on death 
  • Basic SA to be paid on the demise 
Regular and Limited Pay  The death benefit will be higher of: 
  • SA on death 
  • 105 percent of the full premiums paid till the death date 
  • Basic SA to be paid on the demise 
Survival Benefit  No 
Maturity Benefit  Upon policyholder’s survival till the policy tenure’s end, 105% of full premiums paid are payable as maturity payout 
Income Benefit
Life Cover  The legal heir/nominee will receive the life coverage as per the selected death payout option Death Payout will be higher of: 
  • SA on death 
  • 105% of the full premiums paid till death date 
  • Basic SA to be paid on demise, minus full survival benefit paid till death date 
Survival Benefit  This payout is paid on a monthly basis as regular income equivalent to 0.1, 0.2,0.3% of SA at policy commencement. This is to be paid at the last of each month commencing from the anniversary of a plan after the policyholder turns 60 till the last of PT 
Maturity Payout No 
ROP with Life Stage 
Life Cover  The legal heir/nominee will receive the life coverage as per the selected death payout option The death benefit will be higher of: 
  • SA on death 
  • 105% of the full premium amount paid till the death date 
  • Absolute amount assured to be paid on the demise 
1st year of the policy: 
Life cover remains the same as basic SA chosen at the commencement
From 2nd year till the plan anniversary after 55:
Life cover upsurges by 5% per annum of SA chosen at plan commencement from the 2nd year of policy on every policy anniversary after the policyholder turns 55.Life cover remains the same till the next anniversary of the policy.
From plan anniversary after 56 years till the plan anniversary after 60: 
Life cover remains constant as SA chosen at plan commencement from the plan anniversary when the policyholder turns 56, till the anniversary of a plan after the policyholder turns 60
From plan anniversary after 60 years till the last of the plan tenure: 
Life cover is decreased to 50 percent of SA chosen at plan commencement, from anniversary of a plan after the policyholder turns 60 till the completion of plan tenure
Survival Benefit  Survival benefit is not payable 
Maturity Benefit  Upon policyholder’s survival till the last of the plan tenure, 105% of the total premium amounts paid is to be payable as maturity payout. 
Early ROP Life-Stage Cover
Life Cover  The legal heir/nominee will receive life coverage according to the selected death payout option.
1st year of policy:
Life cover remains constant as the SA chosen at policy commencement
From 2nd year of the policy till the plan anniversary after 55:
Life cover upsurges by 5% per year of the SA chosen at plan commencement from the 2nd year of policy on every plan anniversary till the plan anniversary when the policyholder turns 55. Life cover remains the same till the next year of the policy year.
From plan anniversary after 56 years till the plan anniversary after 60: 
Life cover remains the same as SA chosen at plan commencement from the plan anniversary after the policyholder turns 60.
From plan anniversary after 60 years till the completion of PT: 
Life cover is decreased to 50 percent of SA at policy commencement, from plan anniversary when the policyholder turns 60 till the last of PT. 
Survival Benefit  This benefit is to be paid is 105 percent of the full premium amount paid on the anniversary of a plan after the policyholder turns 60/70, as chosen at policy commencement. 
Maturity Payout No

Policy Details of ICICI Pru iProtect Return of Premium Plan 

  1. Free Look Period

    If you are not satisfied with the T&Cs of the policy, the policy documents will be returned to the insurer along with the cancellation reasons within

    • 15 days from the date of receiving the policy, if purchased through distance marketing 

    • 30 days from the date of receiving the policy, in case of e-policies, if purchased through distance marketing 

    Upon policy cancellation during free look time, the premium will be returned to the policyholder subjected to the deduction of: 

    • Stamp duty under the plan 

    • Expenses are borne by the insurer on a medical test if any 

    • Proportionate risk premium amount for the time of cover 

    Taalon Nahi Taalon Nahi
  2. Grace Period

    A grace time of 15 days for payment of premium applies for monthly mode of premium payment and 30 days for other premium payment modes, without any late fee or penalty, during which time the plan is considered to be active with the risk cover without any break, as per T&Cs of the policy. 

  3. Loyalty Discount 

    5% of discount for regular pay and 2% for limited pay on 1st year’s premium will be offered to a current policyholder who is buying this product. The discount is not applied to a single payment plan. 

  4. Policy Revival 

    The plan which has discontinued premium payment can be revived within 5 years from the due date of 1st unpaid premium and before the policy termination date. 

  5. Loan

    Policyholders have the option to avail of a loan after your plan attains a surrender value. The maximum amount of loan will be 80% of the surrender amount and there is no minimum amount of loan. 

  6. Suicide 

    In case of death due to suicide within 12 months from the risk commencement date under the plan or from the revival date of the policy, the policyholder shall be eligible to at least 80 percent of the full premium amount paid till the death date or the surrender amount available as on the death date whichever is higher, provided the policy is active.

Taalon Nahi 2 Taalon Nahi 2

FAQ's

  • Can I Take the Life stage cover with Income Benefit?

    Ans: No. Life stage coverage is only offered with 2 plan options: the early return of premium with life stage cover and ROP with life stage cover.
  • Does my premium amount change after any CI claim?

    Ans: If a minor critical illness claim has been paid out, the Critical illness SA and premium amount will be proportionately decreased. After a major CI claim has been paid out, CI benefit will terminate and premium amounts consistent with CI will not be needed to be paid.
  • Is there any survival period before CI can be claimed?

    Ans: With all the benefits payable under CI benefit and a 7-day survival time is valid.
Premium By Age

why buy term insurance

ICICI Pru iProtect Return of Premium
ICICI Pru iProtect
ICICI Pru iCare II

FREE Term Life Insurance Quotes in minutes

  • The Best Price
  • Get Upto 10% Online Discount
  • Dedicated Claim Assistance Program

+Standard T&C Apply



Term insurance articles

Recent Articles
Popular Articles
Compare Term Insurance

29 Sep 2022

Term insurance is the most affordable type of life insurance...
Read more
Term Insurance for Organ Transplants

29 Sep 2022

Organs plays an important role in the daily body’s...
Read more
Zero Cost Term Insurance: What makes this plan so attractive?

23 Sep 2022

Zero Cost Term Insurance is a new variant of term insurance that...
Read more
Zero Cost Term Insurance Plan

07 Sep 2022

Term insurance is the most common type of life insurance product...
Read more
What Will Happen to My Term Insurance If I’m in Coma?

05 Sep 2022

A coma is a long unconsciousness because of insufficient...
Read more
Term Plan with Return of Premium - TROP 2022 | Policybazaar
Term Insurance is a simple life insurance plan that provides financial coverage in the form of a life cover for a...
Read more
Zero Cost Term Insurance Plan
Term insurance is the most common type of life insurance product that provides financial protection to the family...
Read more
Term Life Insurance for NRI in India
Every bread-earner wishes to provide financial security and stability to his/her family in some way. Whether you...
Read more
LIC Term Insurance 1 Crore
If you have a LIC term insurance 1 Crore handy, you can cherish all your happy moments as you have made a fine...
Read more
Types of Deaths Covered and Not Covered by Term Insurance
Types of Deaths Covered and Not Covered by Term Insurance When it comes to securing the future of your loved ones or...
Read more

ICICI Pru iProtect Return of Premium Reviews & Ratings

4.2 / 5 (Based on 44 Reviews)
(Showing Newest 10 reviews)
Roshan
Barabanki, March 02, 2021
Check premium online
I checked the premium online when I bought the term insurance policy. I visited to policybazaar website for the same. And I got the icici prudential plan very affordable as per my budget. It has benefits and I really like them.
Nikita
Ahmednagar, February 19, 2021
Claim is fast
I choose policybazaar to buy my term insurance policy. They suggested me to buy a term plan of icici prudential. It is a nice plan which I have come through. I am thankful to whole team and would love to recommend this to everyone.
Ankit
Chandigarh, January 23, 2019
Excellent
One of my close friends had been using ICICI term insurance since last 8 years. He has married 2 years ago and due to unfortunate circumstances involved, he was severely injured in an accident. Thankfully, ICICI team was really considerate and helpful while helping his wife settling the claim. The claim settlement was fast and timely. Following his steps, I have recently bought ICICI Pru iProtect Smart. It is safe to say that investing in ICICI term insurance is definitely worth every penny experience. It has worked as a great deal for me. The staff was really good and was prompt with their service.
Rijool
Garu, September 22, 2016
Good
My term insurance policy is good one which i bought from icici prudential life insurance. The premium is low and paybacks are high. Coverage is about 85% and the claiming is very simple by the help of executives which working 24X7.
Jagdish
Jammu, July 20, 2016
Coverage Is High
ICICI term insurance plan of mine is very beneficial for me and my family. The service of your staff is so quick and claiming become due due to that. The updates of the policy plan is mailed to me regularly on my email address.
Sumeet
Haridwar, July 20, 2016
Term plan
The icici term insurance is on of the best policy among all. Premium of the plan is low and returns are high. Service is fast and behaviour of the staff is very well. Good investment which reduces taxes too. Payments and premiums are done on online portal website of the company.
Vikram
Gurgaon, February 14, 2016
superb plan...
My life insurance term plan is with prudential. The premium amount is Rs.4700 and return is Rs.25 lakh. Policy coverage is also nice. Service is really good provided by executives and agents. Nice policy.
Plan Name: iProtect Smart
Agent Code: BPW00250
Sudhakar
Ghaziabad, February 14, 2016
above average
I have purchase my life insurance from prudential. The services are average. I do not get any kind of alerts for the payments or the policy thought mail or text. The payment options are convenient as I can pay the payment thourgh my ATM cards. The payment is on a yearly basis.
Plan Name: iProtect Smart
Agent Code: BPW01888
Chander
Delhi, February 14, 2016
"Bad service"
I do have a life insurance with icici. The policy has good claiming amount and policy coverage is also high but the service is very slow. The work takes days or weeks to complete. Please speed up your services.
Plan Name: iProtect Smart
Agent Code: BPW00250
ANAND
Jaipur, February 14, 2016
Life insurance plan
I buy life insurance policy with icici, basically i took this plan for the savings purposes. Premium payment is made by cheque and the executive agent is coming to my place to collect this amount. As this policy is endowment policy, I need to pay on yearly basis for 7 years. And the policy holder will get good returns after 13 years.
Plan Name: iProtect Smart
Agent Code: BPW00130
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL