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ICICI Pru iProtect Supreme is a term insurance product offering a choice between a plan without return of premium and a plan with return of premium. It is designed to provide financial protection to the policyholder’s family during the policy term. Death benefit is payable according to the policy terms when the insured dies or is diagnosed with a qualifying terminal illness, whichever occurs earlier.
Choose between return-of-premium and standard term protection options
The main distinction between the two options is the maturity benefit. Under the return-of-premium option, eligible policyholders who survive until maturity receive 100% of total base-product premiums paid, subject to policy conditions and exclusions. Under the option without return of premium, there is no survival maturity payout. Customers should compare premiums, policy duration, payout options and optional rider costs before choosing.
ICICI Prudential Life
Key Insights
Founded
2001
ICICI Prudential Life was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.34% CSR, calculated as a 3-year average
ICICI Prudential Life settles 99.34% of all claims it receives, demonstrating strong credibility.
Contact Details
1800 2660
Headquarters: ICICI Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra 400025, India
Provides a death benefit during the policy term when the claim meets policy requirements.
Benefit and payout are governed by the policy schedule and terms.
Provides the applicable benefit following a qualifying terminal illness diagnosis.
Subject to the policy definition, medical assessment and approval.
Eligible policyholders receive 100% of total base-product premiums paid at maturity under this option.
Rider premiums, extra premiums and taxes are excluded as specified in policy terms.
Available payout formats may include lump sum, income over a specified period or a combination.
Confirm available choices in the current policy brochure.
Premiums and benefits may qualify for tax treatment under applicable law.
Tax treatment depends on prevailing law and individual circumstances.
Optional rider protection for covered accidental death or qualifying total and permanent disability.
Additional premium and rider conditions apply.
Optional protection for covered critical illnesses under the applicable health protection rider.
Coverage is limited to the illnesses and conditions defined in the rider.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ICICI Prudential Life plans and claim process
It is a term insurance product that provides life protection and offers options with or without return of premium, subject to policy terms.
Yes. The return-of-premium option provides a maturity benefit equal to 100% of total eligible base-product premiums paid if the policyholder survives to maturity and the policy meets the applicable conditions.
The plan provides the applicable life protection during the policy term, but generally does not pay a maturity benefit merely because the policyholder survives to the end of the term.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ICICI Prudential Life website before purchasing.
Official Website
iciciprulife.com
Visit the official ICICI Prudential Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
A terminal illness benefit is available subject to the definition, medical confirmation and other conditions specified in the policy.
An optional accidental death and disability rider may be available, subject to eligibility, extra premium and the rider terms.
Optional critical illness protection may be available through the applicable health protection rider. The covered illnesses and benefit limits are governed by the rider document.
The product may offer lump-sum, income or combined payout options. Check the current brochure and policy schedule for the options available to your chosen policy.
Tax benefits may be available under prevailing tax laws, subject to eligibility and the applicable legal conditions.