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ICICI Pru iProtect Smart Return of Premium

Large Life Cover¹
+

100% Guaranteed Return of Premium³

Buy online and get a discount of

0.7%^! Lifetime Online Discount

15%^F Lifetime Female Discount

100% Guaranteed³
Return of Premium³

1 Day Claim Settlement^> for eligible cases

Accidental Total and Permanent Disability (optional)⁵

Over ₹1,866.68 Cr Volume Of Claims^ε Closed

Tax^*
benefits

Accidental Death Cover (Optional)⁴

Safety net for future

Continued Protection with Paid-up Benefit

At your Doorstep
claim assistance

View all benefits

64 critical illness cover (optional)⁴

You can get additional protection against 64 life threatening illnesses like cancer, heart disease and more. 100% of the claim amount is payable on first occurrence of any of the covered 60 major critical illnesses. Lower of 25% of CI⁴ sum assured or ₹5 Lakh is payable on diagnosis of any of the 4 minor critical illnesses.

                                            Buy online and get a
                                            discount‘ of
                                        

0.7%^! Lifetime Online Discount

15%^F Lifetime Female Discount

Term Insurance with
Return of Premium Calculator

Gender

Tobacco Consumption

Yes

Date Of Birth Enter valid date of birth

Mobile Number

Enter 10 digit mobile number Don’t worry; we won’t spam!

Email ID Enter valid email id

Occupation

Annual Income

Educational Qualification

Pincode Enter valid pincode

City Enter valid city Select valid city

By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life Insurance Company Limited, its third parties and its representatives to contact me through call, RCS, Whatsapp or E-Mail. I further consent to permit ICICI Prudential Life Insurance Company Limited to share my information on confidential information with its third parties and its representatives (i) for contacting me (ii) for evaluating and (iii) for processing this Proposal. If you wish to be redirected to calculate your premium without sharing your personal details, Click Here.

To undergo suitability analysis, please click here.
By not undergoing the suitability analysis, you confirm to purchase the policy based on your independent assessment of the suitability of the product Mandatory Field

Know how limited pay works

Watch Video

Here’s what a 32-year-old healthy male with a life cover of ₹1 crore and policy term of 53 years would pay¹

Limited Pay

If you pay for

5 years

7 years

10 years

Monthly premium : ₹ 9,251

Total premium : ₹ 5,55,060

Saved ₹ 7,05,492

Savings 55.96%

Regular Pay

If you pay for

53 years

Monthly premium : ₹ 1,982

Total premium : ₹ 12,60,552

Savings 0%

Claims Corner

Steps to buy Term Insurance with Return of Premium

Check Premium

Fill application & make payment

Fill application &
make payment

Submit document
& complete
medical check-up

Policy Issued

How Term Plan with Return of Premium works? Play Video

Quick Guide to your Term Insurance with Return of Premium plan

Quick Guide

Return of Premium

Premium Calculator

Quick Guide to your Term Insurance with Return of Premium plan

Return of Premium

Return of Premium Calculator

What is ICICI Pru iProtect Smart Return of Premium Plan?

ICICI Pru iProtect Smart Return of Premium offers all the benefits a term insurance plan along with return of premiums paid. It is an ideal choice for people looking for life insurance cover with assured return of premiums³ on policy maturity. You get a large life cover¹ to protect your family’s financial future in your absence and you get a maturity benefit on survival beyond the policy term.

How much life cover¹ do I need?

The life cover¹ you need depends on your current annual income. We recommend that a life cover¹ equivalent to 10-15 times^{^} your annual income is sufficient to provide for a safe future for your family.

If budget is a problem, you can go with monthly premium payment option over a yearly commitment. However, it is important to have sufficient life cover¹ so that your family’s financial security is not compromised.

What is the difference between policy term and premium payment term?

The policy term is the total duration of your term plan with return of premium coverage, while the premium paying term is the number of years for which the premiums must be paid. The premium paying term can be equal to or less than the policy term.

What is Limited pay option?

With the limited pay option, you can pay premium for a specific pre-agreed period (5 year, 7 years, 10 years, 12 years, 15 years or till age 60) while you are earning an income and enjoy life cover¹ for the whole policy duration, irrespective of the premium payment period.

What is Term Insurance Return of Premium³ Calculator?

A Term insurance plan that returns the premiums³ paid to the policyholder is known as a Term insurance return on premium³ (TROP) plan.

A term insurance return of premium³ calculator will help you understand the amount of money you can receive according to the various option available for you to choose, that will best suit your needs.

The calculator will show how the options work and how they will affect your returns. Sum assured, premium payment term, policy term, choice and frequency of payout and additional riders that you select will have an impact on the actual amount that you receive. A Term insurance return on premium³ (TROP) plan returns all the premiums paid as a lump at the end of the policy term.

How does term insurance return of premium³ calculator work?

A Term insurance return of premium³ calculator considers various factors and scenarios and will then show you the amount that you will receive as a lump sum during the policy term (on your demise) or at the end of it (on survival), depending on the option you have chosen.

Factors that affect this are

Age of the applicant
Gender and Smoking habits
Duration of the premium payment term selected
Duration of the return of premium policy term
The sum assured selected
Any additional riders selected

When you enter the above factors in the Term Insurance Return of Premium Calculator, it will then show you the Premium frequency and actual amounts that you will receive, depending on the choices you have made

What factors determine the premium amount?

The premium for any insurance policy depends on a few factors that determine the amount. The sum assured that you wish to get is one of the most important primary factors. The higher the sum assured the higher is the premium of the policy. Other factors that affect the premium amount are age, gender, smoking habits, duration of the policy term and the choice of the premium payment term.

Keep in mind premium payment term is different from the Policy term. To make it simpler to understand, let us take an example. You can opt for a policy that will provide a cover for 20 years, yet you can choose to pay the premium for the policy for a limited number of years, say 5, 7 or 10 years.

What is the difference between Term Insurance and Term Insurance Return of Premium³?

A Term insurance plan is one where you pay premiums for a life cover¹ . The benefits of a term plan are paid or applicable only in the event of death claim.

A term insurance return of premium³ plan not only offers the life cover¹ it has assured but also returns the premium amount, back to the policyholder applicable at maturity of the policy.

Steps to use the Term Insurance Return of Premium Calculator

To use the Term Insurance Return of Premium Calculator:

Start by entering basic details like your gender, age, annual income, smoking habits and your contact details.
Check the box to undergo suitability analysis and click on Check Premium
Select the plan option from the options available
Select how long you wish to pay the premium for
Select the frequency of your premium payments
Select the duration of your term insurance policy
Select the duration of your Return of Premium plan
Choose the Benefits and options from the riders available that suit you best
Enter the amounts you wish to have in the riders if you choose any
Click to calculate

Claim Settlement Process

Step 1

Report

Why choose ICICI Prudential Life?

9.69 Cr^%

Lives covered as
on March 31, 2024

₹2.77 Lakh Cr^`

Benefits paid till
March 31, 2024

₹2.90 Lakh Cr

Assets under
management as on
March 31, 2024

1 Day^>

Claim Settlement

Claim
Settlement

Term Plan with Return of Premium

Frequently Asked Questions

What are the exclusions in the plan?

For death benefit:
Suicide is the only exclusion. In case of death due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the Claimant shall be entitled to at least 80% of the total premiums paid till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force. The Policy will terminate on making such a payment and all rights, benefits and interests under the Policy will stand extinguished.

For Accidental Death Cover:
Please refer to the exclusion list provided in the brochure.

For Accidental Total & Permanent Disability Cover:
Please refer to the exclusion list provided in the brochure.

Does my premium change post Accidental Total & Permanent Disability claim?

If claim for Accidental Total & Permanent Disability has been paid out, the future premium will be proportionately reduced. The policy will continue with Accidental Death cover (if opted) and life cover¹.

Is return of premium³ plan available for housewife?

Yes, return of premium³ plan available for housewife. Housewife’s life cover¹ depends on her husband’s eligibility to buy a cover. The husband must either have an existing insurance cover of ₹50 lakh or more with any insurer. Minimum life cover¹ for housewife is ₹25 lakh and max life cover¹ is up to 50% of husband’s life cover¹ (upper limit of ₹50 lakh).

Are there any special advantages available for women?

Our return of premium plan is available at special rates for women, with a Flat 15%^F Discount for females on premiums! Our return of premium³ calculator will help you in customising your plan as per your needs.

Does ICICI Pru iProtect Smart Return of Premium provide the option to buy the plan under Married Women's Property (MWP^M ) Act?

Yes, if you are married male, you can buy ICICI Pru iProtect Smart Return of Premium under MWP^M act and your wife and children can be beneficiaries under this act. Once a policy is availed under the MWP^M Act, it may not be attached by courts for repayment of your debts. Only your wife and children will be entitled to the Sum Assured in the event of your demise.

Why Accidental Death Cover⁵ is important?

Life is anyways unpredictable, but accidents are a little more. Death due to a diseases or natural causes still gives you and your family a heads-up. In 2022, the number of deaths due to accidents was ₹4.3 lakh*, which means ₹4.3 lakh people had no idea that this would be their last conversation with their loved ones.
*Source:(https://www.ncrb.gov.in/uploads/files/AccidentalDeathsSuicidesinIndia2022v2.pdf)

What does Accidental Death Cover⁵ offers?

Additional Life cover¹ for your loved ones for as low as ₹246 p.m. for a 50 Lakh Cover
Additional protection against accidental death can go as high as 3 times Life Cover
₹50 lakh Life Cover¹ + ₹50 lakh Accidental death Cover⁵ = Double Protection

What is the process for Death Claim?

We have a 3-step claims process:

Step 1: Claim Reporting
Claim can be reported through any of our below mentioned touchpoints:

Visit the claims section of our website for online claim intimation
Call us at our 24 x 7 ClaimCare number – 1800 2660
E-mail us at claimsupport@iciciprulife.com
SMS 'ICLAIMPolicy No' to 56767
Visit your nearest ICICI Prudential Life Insurance branch.

However, your claim will only be considered for registration upon submission of dully filled claim intimation form along with other requisite documents. Physical documents will be required to be sent to the nearest branch to start the process.

The documents needed are:

Duly filled and signed Claimant Statement Form
Recent photograph of the claimant
Death Certificate issued by local government authority of the person insured in the policy (Life Assured)
Signed copy of photo identity proof of the claimant
Current Address proof of the claimant(Any one of the following: Aadhar Card, Valid Passport or Driver's License, Voters ID are considered as proofs)
Signed copy of PAN card / Form 60 of the claimant
Copy of cancelled cheque / bank statement / passbook of the bank account of the claimant where payment needs to be transferred

The company may call for additional documents will also be required, depending on the type of death, for faster processing of your claim. Kindly click here to know more: https://www.iciciprulife.com/insurance-claim/documents-required-for-death-claim.html

Step 2: Claim Processing
Our dedicated ClaimCare team will assess your claim and inform you in case any more documents need to be submitted.

Step 3: Claim Settlement
Once your claim is intimated and we receive all the relevant documents, we will settle your claim. For more detailed information on Claims, visit https://www.iciciprulife.com/insurance-claim.html

ICICI EMPLOYEE DISCOUNT

Get 10%^E discount
throughout the policy term

Get 10%^E discount throughout the
policy term

Premium Break Up

Life Cover

₹ 1,311 / month

(Incl. 1st year GST 4.5%)

GST from 2nd year onward

Life Cover

2.25%

Keep these documents
ready!

Keep these documents ready!

Colored Photo

Valid Passport
Valid Aadhar card
Valid Voters ID
Valid Driver's License

Valid Passport
valid Aadhar card
Valid Driver's License
Birth Certificate
Baptism Certificate
PAN card

PAN card/ Form 60

Last 6 months Bank statement with salary credit
Form 16
Last 3 years ITR with Computation of Income (COI)
Last 3 months slary slip + Last 6 months bank statement showing salary credit

COMP/DOC/Mar/2022/103/7602

QUICK GUIDE

Which payout option should I choose?

ICICI Pru iProtect Smart Return of Premium has three payout options:

Lump sum - The entire life cover is payable as a lump sum (single payment)

Income - 20% of the benefit amount is payable every year for 5 years. This will be paid in equal monthly instalments in advance at the rate of 1.66667% of Death Benefit Amount. The beneficiary can also advance the first year’s income as lump sum. The monthly income will start from the subsequent month for 4 years at the rate of 1.34% of the Death Benefit Amount. In case this option is chosen, discount factor of 5% will be applicable on all premiums corresponding to the chosen Plan Option

Lump sum and Income - The percentage of the Sum Assured to be paid out as lump sum is chosen at inception. The balance Sum Assured will be paid out in equal monthly instalments in advance at the rate of 1.66667% per month over 5 years. In case this option is chosen, discount factor of 5% will be applicable on premiums corresponding to the chosen Plan Option in the same proportion as that of the Income chosen.

Your contact details

This helps us save your plan details, so that you can pick up from where you left off. We respect your privacy and won't share them with anyone else.

Mobile Number Enter valid mobile number Enter valid mobile number

Email ID Enter valid email id Enter valid email id

By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life and its representatives to contact me through call,WhatsApp or E-mail. I further consent to share my information on confidential basis with third parties for evaluating and processing this proposal.

Receive quote on WhatsApp 8467 839 930

CONFIRM YOUR DETAILS

Because you are our existing customer, there’s a special discount of 5% with regular payment and 2% with limited term payment, on first year’s premium

Confirm your mobile no. to validate you as an existing customer:

Claims Corner

Claims Corner

A good claims experience is the ultimate service that an insurance company can provide to its customers. At ICICI Prudential Life, we put our customers first and have been striving to improve our claims experience over time. We have created this Claims Corner to provide you with all the key facts you might need regarding the Claims Process and History at ICICI Prudential Life.

Scroll down

Volume of individual death claims^*

Below is the volume of claims settled by us over the years

Financial Year

2019-20

2020-21

2021-22

2022-23

2023-24

Individual Death Claims Settled

11212

14518

21795

13656

13411

Amount of Claims Settled

₹1,023.64 Cr

₹1,504.64 Cr

₹2,977.50 Cr

₹1,949 Cr

₹1,866.68 Cr

The COVID-19 pandemic-related claims inflow was substantial in FY 2021–2022 but dropped off in FY 2022–2023 & 2023-24, lessening the impact.

Solvency Ratio^*

The Solvency Ratio tells you whether the insurer you choose will be financially capable of settling your claim if the need arises. IRDAI mandates that every life insurer should maintain a solvency ratio of at least 150%.

Solvency Ratio

FY 2023-24 :

191.8%

191.8%^*

^*Source: https://s.ipru.co/hpx3gkm6

Door to Door
Claim Assistance

We have now introduced a door step claim document pick-up service. Your nominee has to simply report the claim on claimsupport@iciciprulife.com or call us on our dedicated Claim Care helpline 1800 2660 and our representative will be at your doorstep to collect the documents.

Door to Door Claim Assistance

Our 3-Step Claim Process

Step 1

Claim Reporting

The first step involves reporting your claims. You can report your claims online, at our branches, at our central office, on our central Claim Care helpline, through SMS or e-mail.

Step 2

Claim Processing

Our special ClaimCare team will assess your claim, and inform you in case any further documents need to be submitted.

Step 3

Claim Settlement

Once your claim is intimated, and we receive all the relevant documents, we will settle your claim^{^} . You have to visit the branch just once.

^{^} Provided no investigation is required.

View Documents required for claims

Mandatory documents required for claim registration:

Duly filled and signed Claimant Statement Form
Recent photograph of the claimant
Death Certificate issued by local government authority of the person insured in the policy (Life Assured)
Signed copy of photo identity proof of the claimant
Current Address proof of the claimant (Any one of the following: Aadhar Card, Valid Passport or Driver’s License, Voters ID are considered as proofs)
Signed copy of PAN card / Form 60 of the claimant
Copy of cancelled cheque / bank statement / passbook of the bank account of the claimant where payment needs to be transferred

Additional documents will also be required, depending on the type of death, for faster processing of your claim.

Death due to Natural / Medical reasons
Death at hospital / Death at a place other than hospital	Death due to accident, suicide, murder
Past medical records and treatment papers All hospitalization records such as: Admission form Hospital treatment papers Discharge summary Diagnostic reports Medico-legal cause of death Employer Certificate – only if Life Assured was a salaried individual. Download the form	First Information report (FIR) Postmortem report (PMR) Inquest/ Panchnama Report Viscera /Chemical Analysis Report, if any Final Police Investigation Report Newspaper Cutting, if any Driving License (of the Life Assured driving the vehicle in case of death due to a road accident) Medical records and treatment papers All hospitalization records such as: Admission form Indoor Case Papers(ICPs) Discharge summary Diagnostic reports Duly filled in Medical Hospital Attendant Certificate. Download the form Medico-legal cause of death Employer Certificate – only if Life Assured was a salaried individual. Download the format
For death at a place other than hospital we will also need, Duly filled in Medical Hospital Attendant Certificate. Download the form

Note: Claim should be submitted by the nominee mentioned in the policy document.

In the event of death of the nominee, legal heir of the nominee can submit a claim by providing any one of the following documents:

• Nominee death certificate along with succession certificate

• “Will” of the Life Assured or the nominee who died last OR Indemnity of Rs 600/- from the current nominee along with No Objection Certificate from the remaining legal heirs

To report a claim you will need the following documents:

Claimant's statement / claim intimation form
Attending doctor's certificate
Copy of medical records (admission notes, discharge summary and test reports)
Cancelled cheque

Fixed benefit hospitalisation claim for ICICI Pru Hospital Care or ICICI Pru Hospital Care II:

You will receive a sum as Fixed Benefit* for the number of days you were admitted in a hospital or type of surgery grade under the ICICI Pru Hospital Care and Hospital Care II policies. For reporting Fixed Benefit Hospitalisation claim, you will need the following documents:

Claimant's statement / claim intimation form
Copy of medical records (admission notes, discharge summary and test reports)
Pre-authorisation form (for cashless facility)
Attending doctor's certificate
Health check-up form (for ICICI Pru Hospital Care II)
Cancelled cheque

Indemnity Hospitalisation Claim applicable for ICICI Pru MediAssure or ICICI Pru Health Saver:

For the expenses made for hospitalisation and other related medical costs*, you will be compensated under the Indemnity Hospitalisation claim. For reporting this claim, you will need the following documents:

Claimant's statement / claim intimation form
Original discharge card
Original investigation reports
Health check-up form (for ICICI Pru Health Saver)
Original hospital/ pharmacy bills and payment receipts and records
Pre-authorisation form (for cashless facility)
Health saving benefit form (for ICICI Pru Health Saver)
Cancelled cheque

*Please read your policy document for further details.
**A rider is an extra benefit that can be purchased along with your policy for increasing your cover.

You can reach us at

We have multiple touch points available for reporting claims

Give us a call on

Claim Care cell - Open 24 X 7
(except national holidays)

1860 266 7766 (For calls within India)

+91 80693 85555 (For calls outside India)

Send us an e-mail

You can register a critical illness claim or death claim by sending us an e-mail at

claimsupport@iciciprulife.com

Send us a SMS

To report your claim over SMS, send a message in the format below -
SMS - ICLAIM<space>8-Digit Policy Number to 56767

Visit a branch

We have 471 branches^# across the country and members of our ICICI Pru Life family will be there to guide your family through difficult times

^#Source: http://surl.li/dbzhd

OTH/II/0936/2024-25

ICICI Pru iProtect Smart Return of Premium

Large Life Cover¹
+

100% Guaranteed Return of Premium³

Term Insurance with
Return of Premium Calculator

Steps to buy Term Insurance with Return of Premium

How Term Plan with Return of Premium works? Play Video

Up till 55 years
(Subjected to maximum twice the basic sum assured)

60-end of policy term

Up till 55 years
(Subjected to maximum twice the basic sum assured)

60-end of policy term

Quick Guide to your Term Insurance with Return of Premium plan

Quick Guide

Return of Premium

Premium Calculator

Quick Guide to your Term Insurance with Return of Premium plan

Why choose ICICI Prudential Life?

Claim Settlement Process

Report Claim

Process

Settle

Why choose ICICI Prudential Life?

Term Plan with Return of Premium

Frequently Asked Questions

ICICI Pru iProtect Smart Return of Premium

Large Life Cover1 + 100% Guaranteed Return of Premium3

Term Insurance with Return of Premium Calculator

Steps to buy Term Insurance with Return of Premium

How Term Plan with Return of Premium works? Play Video

Up till 55 years (Subjected to maximum twice the basic sum assured)

60-end of policy term

Up till 55 years (Subjected to maximum twice the basic sum assured)

60-end of policy term

Quick Guide to your Term Insurance with Return of Premium plan

Quick Guide

Return of Premium

Premium Calculator

Quick Guide to your Term Insurance with Return of Premium plan

Why choose ICICI Prudential Life?

Claim Settlement Process

Report Claim

Process

Settle

Why choose ICICI Prudential Life?

Term Plan with Return of Premium Frequently Asked Questions

Benefits of ICICI Pru iProtect Smart Return of Premium

Brochure

100% Guaranteed3 Return of Premium3

1 Day Claim Settlement>

Over ₹1,866.68 Cr Volume Of Claimsε Closed

Tax* Benefits

Accidental Death Cover (Optional)4

Safety net for future

Continued Protection with Paid-up Benefit

At your Doorstep claim assistance

Large Life Cover¹
+

100% Guaranteed Return of Premium³

Term Insurance with
Return of Premium Calculator

Up till 55 years
(Subjected to maximum twice the basic sum assured)

Up till 55 years
(Subjected to maximum twice the basic sum assured)

Term Plan with Return of Premium

Frequently Asked Questions

100% Guaranteed³ Return of Premium³

1 Day Claim Settlement^>

Over ₹1,866.68 Cr Volume Of Claims^ε Closed

Tax^* Benefits

Accidental Death Cover (Optional)⁴