Buy Policy in just 2 mins
2 lakh + Happy Customers
Free Comparison
ICICI Pru Life Raksha is a simple pure protection plan offering death benefits ranging from INR 50,000 to INR 5 lakhs.
The plan is offered by ICICI Pru Life Insurance company and comes with tax benefits against the premiums that you pay. The premium payment term of the Life Raksha plan is regular pay for 5 years. It is to be noted that this plan does not come with any maturity or surrender benefits.
Here are some benefits of this plan:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 70 years
Minimum term - 5 years Maximum term - 5 years
10 times annual premium
Policy loan is not available under ICICI Life Raksha Plan
Annual, half-yearly, quarterly & monthly
Here are the benefits associated with the ICICI Pru Life Raksha
In case of unfortunate demise of life insured during the policy term, ICICI Pru Life Raksha Plan offers death benefit in a lump sum.
The policyholder can enjoy tax exemptions for paying the premiums of ICICI Pru Life Raksha Plan. The amount of tax exemptions are up to INR 1.5 lakhs under section 80 C and 2.5 lakhs under section 10 (10)D of the Income Tax Act.
The policy is great option for someone who is looking for a short term coverage with lower premiums and a short policy term.
In case of any unfortunate event, the company will provide a lump sum payout to the nominee which is equivalent to 105% of the sum assured.
Life Raksha is a five-year plan that offers life cover and to continue the policy the insured has to pay the premium throughout the policy term.
If the policyholder buys this plan they are eligible for the tax benefit under section 80(C) of the Indian Tax Laws.
The policyholder doesn't have to undergo any medical examination to buy this plan.
Here is the list of exclusions associated with the plan:
ICICI Pru Life Raksha plan is a pure-term insurance plan that offers death benefits and life cover. The policyholder can buy the plan without any medical examination and avail tax benefits on premium payments.
For more info related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
ICICI Pru POS iProtect Smart Term Plan is a non-linked, non-participating term insurance plan that offers flexibility to customize your plan and enhan...
Unique Features
ICICI Pru Protect n Gain plan, stays true to its tagline, ''Growth Bhi Protection Bhi'' which means it provides dual benefits of protection and wealth...
Unique Features
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
ICICI Pru Life Raksha is a simple pure protection plan offering death benefits ranging from INR 50,000 to INR 5 lakhs. The plan is offered by ICICI Pr...
Unique Features
ICICI Pru iShiled is a dual-benefit plan that gives both health & life insurance. Apart from life coverage, this policy offers coverage against he...
Unique Features
Are you suffering from any pre-existing diseases? Then, getting a term plan might be difficult for you. But not anymore. ICICI Prudential’s Prec...
Unique Features
Are you having a high-risk occupation such as a fire-fighter, coal miner, construction worker, and so on, in which the chances of an accident are much...
Unique Features
ICICI Pru iProtect Smart Term Plan is a non-linked pure-term insurance plan. This plan provides advanced protection by offering comprehensive coverage...
Unique Features
ICICI Pru Loan Protect is a non-participating term insurance plan offered by ICICI Pru Life Insurance Company. It provides life cover to individuals w...
Unique Features
ICICI Pru Saral Jeevan Bima offers a simplified answer to your protection needs and ensures that your family leads a comfortable life without any fina...
Unique Features
ICICI Pru iProtect Return of Premium provides security to you and your loved ones against all such uncertainties of life that may pose a hurdle to you...
Unique Features
The minimum sum assured of the Life Raksha Plan is Rs 50,000.
4.6
Rated by 856 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
Our experts will provide you with guidance and address all your concerns within 30 minutes.
Note: Choose your desired date and time slot and our expert will get in touch with you shortly.
In case you have not found your desired slot, you can visit at website and use the Request Call Back option.
You are just one step away from getting insurance.
Policyx offers a completely spam-free experience. We will never contact you unless you request us to do so.
Your call has been scheduled with Policyx for term insurance.
Talk to an advisor
February 5, 2023
Asia/Kolkata
Do you have any thoughts you’d like to share?