The ICICI Pru Life Raksha Term Plan is one of the many term plans offered by ICICI Prudential Life Insurance. This plan offers a term insurance plan for the individual as well as their eligible family members. The features of this plan are tabled below. 

Additional Reading: What Is Term Insurance



Entry age

Minimum Entry Age – 18 years

Maximum entry age – 60 years

Policy Term

5 years (Regular Pay)

Sum assured

Minimum sum assured – Rs. 50,000

Maximum sum assured – Rs. 5,00,000

Premium payment tenure

Throughout policy tenure

Premium payment frequency

Monthly, Half-yearly, Yearly

Maturity and Surrender Benefits

No maturity and surrender benefits

Death Benefits

Higher of,

Sum assured

10 times annualized premium (excluding premium payment frequency load)

105% of the total premium received as on date of death.

Tax benefit

Deduction up to Rs 1,50,000 under section 80C.


These are the basic features of the ICICI Pru Life Raksha Term Plan. Customers can check further details of the plan at the website of ICICI Prudential Life Insurance. These details can be located at the following link,

Home >> Life Insurance >> Rural Insurance >> Life Raksha Rural Plan

Customers can visit the website of ICICI Prudential Life Insurance to get all the relevant details of the plan or visit the nearest branch office of the insurer to get all the necessary details in person. 

Apart from the website of the insurer, the details of this term insurance plan are also available on various insurance aggregators websites too. 

ICICI Prudential Life Insurance provides term insurance plans as well as other insurance plans like health insurance, savings plans, retirement plans, etc. These plans are customer-centric aimed to provide maximum benefit to the insured person or their nominee.