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ICICI Prudential Term Insurance Review 2026
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ICICI Term Insurance
ICICI Term Insurance
ICICI Prudential holds values like Customer First, Humility, Passion, Integrity, and Boundarylessness. Comprehensive ...Read More
99.33%
Claim settlement ratio
48,950.71
Annual Premium
9
Active plans
213.2%
Solvency ratio
🛡️ IRDAI Approved
⭐ 4.6/5 · 932 reviews
✅ 99.33% claim settlement ratio
📊 213.2% solvency ratio
🌐 506 pan-India
What you get with ICICI Term Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 48,950.71
Affordable premium options starting from entry-level to comprehensive whole-life protection.
99.33% claim settlement ratio
Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.
213.2% solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
9 active term plans
Choose from level cover, increasing cover, and return-of-premium variants.
5+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
506 pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
Video reviews
ICICI Prudential Term Insurance
Types of ICICI Term Insurance Plans
Every plan currently being sold by ICICI Term Insurance, shown side-by-side so you can shortlist quickly.
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ICICI Pru iProtect Smart Plus
ICICI Prudential iProtect Smart Plus is a comprehensive term insurance plan that offers life cover up to 99 years along with optional protection again...
Unique Features
- Choice of Plan Option
- Premium Break
- Insta Claim Payment
ICICI Pru iProtect Super Term
iProtect Super Term Plan by ICICI Prudential Life Insurance is an exclusive term insurance plan for self-employed individuals or business owners. This...
Unique Features
- Term Plan for Self-employed
- Premium Break Option
- Smart Exit Benefit
ICICI Pru Loan Protect
ICICI Prudential Life Insurance offers ICICI Pru Loan Protect, a non-participating term insurance plan designed to secure borrowers against outstandin...
Unique Features
- Protection against mortgage
- Protection against the car loan
- Sum assured starts with 5 lacs
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ICICI Pru iCare II
ICICI Prudential iCare II is a pure, non-linked term insurance plan designed to provide affordable and reliable financial protection, especially for i...
Unique Features
- Accidental Death cover
- Affordable premiums
- Tax benefit on premiums
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ICICI Pru iShield Term
ICICI Pru iShiled is a dual-benefit term plan that gives both health & life insurance. Apart from life coverage, this policy offers coverage against h...
Unique Features
- Combi Plan - Health & Life
- Family Cover
- Discounts for Non-Smokers
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ICICI Pru Life Raksha
ICICI Pru Life is a pure protection term insurance plan designed to provide affordable financial security for families. The plan offers life cover ran...
Unique Features
- 18 Fund Options Available
- 4 Plan Strategies
- Systemic Withdrawal Option
ICICI Pru Loan Protect Plus
ICICI Pru Loan Protect Plus Plan is a simple term insurance plan, specially designed to manage the risk associated with ongoing loan amounts. The plan...
Unique Features
- Death Benefit Options
- Flexible Policy Terms
- Life Cover Options
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ICICI Prudential Protect-n-Gain
ICICI Prudential Protect n Gain plan, stays true to its tagline, ''Growth Bhi Protection Bhi'' which means it provides dual benefits of protection and...
Unique Features
- 18 Fund Options Available
- 4 Plan Strategies
- Systemic Withdrawal Plan Option
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ICICI Prudential POS iProtect Smart
ICICI Prudential iProtect Smart is a comprehensive term insurance plan that offers life cover, protection against critical illness, and disability cov...
Unique Features
- 2 Plan Options
- Waiting Period Protection
- Accidental Death Benefit
Term Plans Comparison
Side-by-side across the 3 most-bought ICICI Term Insurance plans on PolicyX.
| Feature | ICICI Pru iProtect Smart Plus | ICICI Pru iProtect Super Term | ICICI Pru Loan Protect |
|---|---|---|---|
| Plan type | Term Plan | Term Plan | Term Plan |
| Sum assured | Base sum assured- Rs 50 lakhs to Rs No limit | Base sum assured- Rs 50 lakhs to Rs 1 crore | Base sum assured: 5 Lac to 30 Lac |
| Entry age | Minimum age- 18 years, Maximum age- 65 years | Minimum age- 18 years, Maximum age- 55 years | Minimum Age - 18 years Maximum Age - 65 years |
| Top benefits | Choice of Plan Option · Death Benefits | Flexible Policy Tenure · Choice of Plan Option | Flexible PPT · Reducing Cover |
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 25 most-asked questions about ICICI Term Insurance, answered.
The term of the policy should depend upon the retirement age. In India, the maximum number of individuals retired at the age of 60 years.
Customers can report the company about their claim in the following ways- Filling online claim intimation form available on the company website Sending an SMS ICLAIM Policy number to 56767 Writing an email at [email protected] Calling at the company’s helpline number- 18602667766.
Given here is a list of mandatory documents that must be submitted to the company at the time of initiating the claim- Claim intimation form duly filled and attested. Death certificate with photocopies issued by Local Municipal Corporation. Identity proof and address proof of the nominee who is claiming. Canceled cheque or the photocopy of the passbook (of the nominee).
Photocopy as well as original proofs of: Medical records like diagnosis results, admission reports, death summaries, etc. Medico-legal cause of Death Certificate. Medical attendant/ hospital certificate filled by the doctor. Certificate from employer (if salaried).
Photocopy as well as original proofs of: FIR/Punchnama/ Post Mortem report/ Inquest reports Driving license of the life insured ( if he/she was riding the vehicle when the accident took place). This requirement is valid if you have selected ‘Accident and Disability Benefit Rider’.
Original policy certificates Claim intimation form present on the company website Attending Doctor’s certificate Medical records (original as well as photocopies)
No. There is no maturity, paid-up value, or survival benefits offered under the ICICI Term plan.
Yes, death due to suicide is covered in this plan. If the death of the policyholder happens due to suicide within a year, the nominee or beneficiary of the policyholder shall be entitled to 80% of the premiums paid till the death, provided the policy is in force.
The plan covers 34 critical illnesses covered under the ICICI Term Plan.
Yes, at any moment throughout the policy’s lifetime, the policyholder can make changes in their ICICI Pru Term Insurance.
Yes, you can. By using the ICICI Term Insurance Premium Calculator, you can calculate how much you need to pay for your ICICI Term Policy. ICICI Term Insurance Calculator
A minimum of 18 years & maximum of 65 years is the age limit to buy ICICI Term Insurance.
There are four flexible payout options for ICICI Term Plan: Lumpsum Monthly income Increasing income (installments increase by 10% every year) Lump Sum + Income
ICICI Term Plan offers tax benefits under Sections 80C, 80D, and 10(10D) on premium paid.
Buying ICICI Lombard Term Plan has certain benefits: Dependable - stood by the customer even in times of calamities. Approachable - a professional team to guide in every course of action which is just a tap away. Transparent - it gives the power of clarity by providing better pre-claim support.
Yes, you can buy more than one ICICI Term Insurance Plan
Minimum: Rs.25,00,000 Maximum: Rs.1,00,00,000.
Sum Assured cannot be changed in the ICICI Term Insurance Plan.
Payout options of the premium of ICICI Term Insurance policy are; yearly, half-yearly, quarterly, and monthly.
The surrender value=70% x single premium x (policy years outstanding/ policy term). Minimum Sum Assured: Rs. 50,000; Maximum Sum Assured: Equal to Sum assured up to Rs. 50 lakh.
LIC is one of the oldest insurer that offers term plans at affordable premiums with less customization options. Although ICICI term plans are customizable but they are little costly as compared to LIC term plans.
The claim settlement ratio of ICICI Life Insurance is 99.17% as per IRDAI report 2023-24.
Term life insurance in ICICI banks are protection plans that offers financial coverage to your loved ones in case of your uncertain demise during the policy tenure.
ICICI term insurance calculator is an online tool that helps you calculate the premiums of ICICI term insurance.
ICICI all in one term plan provides life coverage along with critical illness coverage to safeguard your loved ones financially.
Customer satisfaction
Aggregate ratings from 932 verified PolicyX customers who bought a ICICI Term Insurance plan.
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PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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