Posted by: Harikesh Repiles0 Posted:2021-09-24 09:10:59 ISTUpdated:2021-09-24 09:10:59 ISTWritten by - CreditMantriarticle
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
Category
Details
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.
