ICICI Prudential Life Insurance Income Replacement in Bihar

The ICICI Prudential Life Insurance Income Replacement Plan provides hope for families in need in Bihar. This term insurance policy helps your family get a monthly income if you are not around to support them. It is like a financial buffer ensuring your family lives comfortably, especially during the most difficult moments.

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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 the ICICI Prudential Life Insurance Income Replacement Plan?

The ICICI Prudential Life Insurance Income Replacement Plan is a term insurance plan that provides death benefits. As with most term policies, it covers your family members in case of your sudden demise. This policy guarantees that a fixed income will be provided when your family requires it. In most cases, term policies offer a one-time payout in case of the policyholder’s demise. However, this term policy pays the family member a monthly fixed amount.
To explain this, let us consider an example. If your monthly income is about ₹35,000 per month, then it will pay your family ₹35,000 or its equivalent monthly under the income replacement plan in case of your untimely death.

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Why is ICICI Prudential Income Replacement Important for Families in Bihar?

Bihar's per capita income is around 30 per cent of the national average. In 2024, Bihar's per capita income was expected to be around ₹59,637, among India's lowest. This amount sometimes covers many expenditures such as rations, food, house rent, medical bills, and even some EMI. Therefore, taking up an income replacement term plan is advisable. It can retain an income that will be paid out periodically rather than a one-time payment upon your demise.

Hence, the ICICI Prudential Life Insurance Income Replacement plan provides financial backing to meet various requirements as the monthly payout enables one to meet the daily basic needs.

What are the Key Features of ICICI Prudential Life Insurance Income Replacement in Bihar?

Budget-friendly Premium: ICICI Prudential Life Insurance policy offers this plan at prices most people can afford. The cost depends on how much you earn and how old you are. You can get coverage up to ₹1 crore for as little as ₹485 a month.
Steady Support: Your family gets a fixed monthly amount for a set time. This helps them manage money better when you're not around.
Flexible Amount: ICICI Prudential life insurance lets you choose the monthly amount your family will receive. It's flexible to fit your family's needs.
Tax Benefits: When you buy this plan, you can save on taxes. Your premiums are eligible for term insurance tax benefits under Section 80C of the Income Tax Act.
Flexible Policy Terms: You decide how long the policy lasts. Based on what works for you, it can be as short as 10 years or as long as 30 years.

How Does the ICICI Prudential Life Insurance Income Replacement in Bihar Work?

Pick Your Plan: Consider how long you need coverage and how much your family might need each month. Choose a plan that fits your budget and needs.
On-time Premium Payments: Remember to pay your premiums on time. This keeps your policy active and ensures your family's protection.
Death Benefits: ICICI Prudential Life Insurance steps in if the unexpected happens. Your family will receive fixed monthly payments to help them manage expenses.
Policy End: If you outlive your policy term, it simply ends. There's no payout, but you'll have peace of mind.

What are the Benefits of Choosing an ICICI Prudential Life Income Replacement Plan in Bihar?

Helps with Long-Term Goals: Your family won't have to worry about money. They'll get regular payments, just like your salary, helping them for years to come.
Peace of Mind: You can relax knowing your loved ones will be financially secure, even if you're not around.
Keep Family Finances Stable: With monthly payments from ICICI Prudential Life Insurance, your family can maintain their lifestyle without money troubles.
Affordable Premiums: ICICI Prudential Life Insurance offers plans that fit your budget, making it easy for people in Bihar to get good coverage.
Tax Savings: Besides protecting your family, you can save on taxes. The premiums you pay can be claimed as tax deductions.

How to Buy the ICICI Prudential Life Insurance Income Replacement in Bihar?

Visit Policybazaar.com and go to the term insurance section.
Enter basic details, like your name, gender, and contact number.
Complete your profile by selecting your smoking habits, job type, yearly income, and education level.
Choose the best income replacement plan that fits your requirements.
Complete your premium payment.

For further assistance, you can use the ICICI Prudential life insurance login portal to manage your policy or contact ICICI Prudential life insurance customer care for support.

Final Thoughts

The ICICI Prudential Life Insurance Income Replacement Plan is a smart choice for families in Bihar looking to protect their loved ones financially. It's easy to apply and customise, letting you secure your family's future quickly. With regular payments, this plan helps your family maintain stability even during tough times.

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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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