ICICI Prudential launches new term plan offering 105% return


ICICI Prudential Life Insurance Company has launched new term plan offering 105% return of the premium paid at age of 60 or 70 or on policy maturity as the policy auto-adjusts the life cover based on the changing life-stages of the insured. The new policy, ICICI Pru iProtect return of premium, also offers an option to take cover against 64 critical illnesses.

The customer-centric proposition offering life-stage based cover wherein the quantum of life cover is automatically adjusted based on the customer’s life stages, the new policy offers 105 percent return of the premium paid on survival, besides providing cover against 64 critical illnesses, which is it claimed is one of the highest in the industry.

The new policy also offers two variants – life stage cover and level cover. The life-stage cover offers a feature that auto-adjusts the sum assured or life cover based on the life-stage of customers and enables customers to increase their life cover when it matters the most as responsibilities grow in the initial stages. Also, it automatically reduces the life cover as responsibilities come down in the later life stages.

ICICI Prudential Life Insurance Company offers a range of products to cater to the specific needs of customers in different life stages, enabling them to meet their long-term savings and protection needs.



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