ICICI Prudential iProtect Term Plan

Sample Premiums for this plan
Healthy Male | Non-Tobacco User | Policy Term = 25 Years
50 Lakhs Cover
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Cheapest term plans
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Easy Online Purchase
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Flexible Death Benefit Options

ICICI Prudential iProtect is a pure term insurance policy which offers high coverage at low and affordable premiums. In such policies, if the policy holder dies then the nominee is given the sum assured. However, if the policy holder survives the policy term then he/she does not get any money back. ICICI Prudential iProtect is a term insurance plan which can be purchased on the internet and hence the product is cheaper than most of the term insurance plans in the market.

Compare this plan with other Term Plans

ICICI Prudential iProtect Term Plan - Key Features

Cheapest term plans
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One of the cheapest term plans in the market

Easy Online Purchase
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It can be purchased online with great convenience

Streamlined Paperless Process"
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The plan has a paperless process for non-medical cases

Flexible Death Benefit Options
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Plan has an option of sum assured with an additional death benefit equal to the base sum assured or Rs.50,00,000, which is lower

ICICI Prudential iProtect Term Plan - Benefits

Death Benefit

In case of death of the policy holder, the nominee gets the sum assured under the plan option I. If the policy holder avails plan option II, then t...

Maturity Benefit

There are no maturity benefits under this plan.

Income Tax Benefit

Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C


Accidental Death Benefit is available under the plan

Free look

If the policy holder is not convinced with the terms and conditions of the policy, s/he can cancel the policy within 15 days from the date of recei...

Eligibility conditions and other restrictions in ICICI Prudential iProtect Term plan

  Minimum Maximum
Sum Assured (in Rs.) Rs.25,00,000 Rs.1,00,00,000
Policy Term (in years) 10 / 15 / 20 / 25 / 30
Premium Payment Term (in years) Equal to policy term Equal to policy term
Entry Age of Policyholder 20 65
Age at Maturity - 75
Regular premium Rs.2,000 -
Single premium NA NA
Payment modes Yearly, Half-Yearly, Quarterly and Monthly (ECS)

ICICI Prudential iProtect Term Plan - FAQs

angle right iconWhat happens if you stop paying the premium?

If the policy holder stops paying the premium, then all benefits of the policy will cease after the expiry of the grace period from the due date of the first unpaid premium. In case of death of the Life Assured during the period while the policy is in lapsed condition, no benefit shall be payable.

angle right iconWhat happens if you want to surrender the policy?

There are no surrender benefits under this term plan.

angle right iconWhat happens if you want a loan against your policy?

Loan facility is not available under this policy.