ICICI Pru Life Raksha
  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Option
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ICICI Pru Life Raksha

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:

why-choose
  • 5 year regular pay
  • Affordable premiums
  • Tax benefits
  • Short term cover
  • Option to choose low sum assured

Eligibility Criteria for ICICI Pru Life Raksha

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 60 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 70 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 5 years

Maternity Benefit Rider

Sum assured

10 times annual premium

Dr YSR Aarogyasri Trust

Policy loan

Policy loan is not available under ICICI Life Raksha Plan

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

Benefits of ICICI Pru Life Raksha

Here are the benefits associated with the ICICI Pru Life Raksha

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Features of ICICI Pru Life Raksha

Death Benefit

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.

Five-Year Regular Pay

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.

Tax Benefits

If the policyholder buys this plan they are eligible for the tax benefit under section 80(C) of the Indian Tax Laws.

No Medical Examination

The policyholder doesn't have to undergo any medical examination to buy this plan.

Exclusions of ICICI Pru Life Raksha

Here is the list of exclusions associated with the plan:

  • Death occurred due to a pandemic is not covered by the company.
  • Death caused due to any type of adventure sports.
  • Death by consumption of any type of drugs and alcohol.
  • Death due to any pre-existing disease that isn't mentioned during the start of the policy.
  • If the policyholder commits suicide within the first 12 months of purchasing the policy, then no death benefits are paid to their nominee. Either premiums paid to date or the surrender value of the policy whichever is higher is paid to them.

Conclusion

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.

Explore other ICICI Term Insurance

ICICI Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with ICICI Term Insurance plans. Below is the list of term plans offered by ICICI Term.

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

  • 2 Plan Options
  • Waiting Period Protection
  • Accidental Death Benefit

ICICI Prudential POS iProtect Smart (Pros)

ICICI Prudential POS iProtect Smart
  • Life option
  • Life Plus Option
  • Premium discounts for women

ICICI Prudential POS iProtect Smart (Cons)

ICICI Prudential POS iProtect Smart
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Prudential POS iProtect Smart (Other Benefits)

ICICI Prudential POS iProtect Smart
  • Additional Accidеntal Dеath Bеnеfit
  • Special Premium rates
  • Tax benefit

ICICI Prudential POS iProtect Smart (Eligibility Criteria)

ICICI Prudential POS iProtect Smart
  • Minimum entry age-18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- As per plan
  • Minimum policy term-5 years
  • Maximum policy term- 40 years.

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

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Plan Option

ICICI Prudential Protect-n-Gain (Pros)

ICICI Prudential Protect-n-Gain
  • 18 Different funds
  • 4 Investment strategies
  • Top-up option

ICICI Prudential Protect-n-Gain (Cons)

ICICI Prudential Protect-n-Gain
  • No policy Loan
  • No guaranteed returns
  • Suicide cover after 12 month

ICICI Prudential Protect-n-Gain (Other Benefits)

ICICI Prudential Protect-n-Gain
  • Unlimited free switches
  • Tax benefit
  • Top up option

ICICI Prudential Protect-n-Gain (Eligibility Criteria)

ICICI Prudential Protect-n-Gain
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 5 Lac
  • Maximum sum assured- No limit
  • Maximum Policy term-30 years

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

ICICI Pru Loan Protect Plus (Pros)

ICICI Pru Loan Protect Plus
  • Comprehensive coverage
  • Choice of coverage options
  • Flexible policy term

ICICI Pru Loan Protect Plus (Cons)

ICICI Pru Loan Protect Plus
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Loan Protect Plus (Other Benefits)

ICICI Pru Loan Protect Plus
  • Death benefit
  • Reducing cover
  • Surrender benefit

ICICI Pru Loan Protect Plus (Eligibility Criteria)

ICICI Pru Loan Protect Plus
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 5 lac
  • Minimum policy term -5 years
  • Maximum policy term- 30 years.

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

  • 18 Fund Options Available
  • 4 Plan Strategies
  • Systemic Withdrawal Option

ICICI Pru Life Raksha (Pros)

ICICI Pru Life Raksha
  • Five-Year Regular Pay
  • No medical examination
  • Tax benefits

ICICI Pru Life Raksha (Cons)

ICICI Pru Life Raksha
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Life Raksha (Other Benefits)

ICICI Pru Life Raksha
  • Free look period
  • Grace Period
  • Short term plan

ICICI Pru Life Raksha (Eligibility Criteria)

ICICI Pru Life Raksha
  • Minimum entry age-18 years
  • Maximum entry age- 60 years
  • Minimum sum assured- 50
  • 000
  • Minimum policy term -5 years
  • Maximum policy term- 5 years.

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

  • Combi Plan - Health & Life
  • Family Cover
  • Discounts for Non-Smokers

ICICI Pru iShield Term (Pros)

ICICI Pru iShield Term
  • Health+Life Combo
  • 5% online discount
  • Easy renewal

ICICI Pru iShield Term (Cons)

ICICI Pru iShield Term
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru iShield Term (Other Benefits)

ICICI Pru iShield Term
  • 5% online discount
  • waiver of premium
  • Tax benefit

ICICI Pru iShield Term (Eligibility Criteria)

ICICI Pru iShield Term
  • Minimum entry age-6 years
  • Maximum entry age- 65 years
  • Minimum sum assured- As per Premium
  • Maximum policy term- 99 years
  • Mode of premium- Single

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

  • Covers pre-existing diseases
  • 5% loyalty discount
  • Accidental death benefit

ICICI Precious Life Term (Pros)

ICICI Precious Life Term
  • Covers pre existing conditions
  • Covers Cancer survivors
  • 5% loyalty discount

ICICI Precious Life Term (Cons)

ICICI Precious Life Term
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Precious Life Term (Other Benefits)

ICICI Precious Life Term
  • Death benefit
  • Accidental death benefit
  • Affordable Premiums

ICICI Precious Life Term (Eligibility Criteria)

ICICI Precious Life Term
  • Minimum entry age-18 years
  • Maximum entry age- 70 years
  • Minimum sum assured- 2 lakh
  • Maximum sum assured- No limit
  • Maximum policy term- 40 years.

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

  • Accidental Death cover
  • Affordable premiums
  • Tax benefit on premiums

ICICI Pru iCare II (Pros)

ICICI Pru iCare II
  • 2 Crore Accidental Death Benefit
  • One Pay & Single Pay Option
  • Unexpired Risk Premium Value

ICICI Pru iCare II (Cons)

ICICI Pru iCare II
  • No Maturity Benefit
  • No Loans Allowed
  • Death Due To Drugs

ICICI Pru iCare II (Other Benefits)

ICICI Pru iCare II
  • Suicide Cover
  • Tax Benefit
  • Affordable Plan

ICICI Pru iCare II (Eligibility Criteria)

ICICI Pru iCare II
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - NA
  • Premium Payment Term - SP

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

  • Online Discounts
  • MWPA Enrolment Benefit
  • Waiver of Premium on Terminal Illness

ICICI Pru iProtect Smart Term (Pros)

ICICI Pru iProtect Smart Term
  • Accidental Death Option
  • Critical death option
  • 4 Plan option

ICICI Pru iProtect Smart Term (Cons)

ICICI Pru iProtect Smart Term
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru iProtect Smart Term (Other Benefits)

ICICI Pru iProtect Smart Term
  • Long Term Cover
  • Optional Covers
  • Add-on Benefits

ICICI Pru iProtect Smart Term (Eligibility Criteria)

ICICI Pru iProtect Smart Term
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- As per premium
  • Maximum sum assured- No limit
  • Maximum policy term- 99 years.

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

  • Protection against mortgage
  • Protection against the car loan
  • Sum assured starts with 5 lacs

ICICI Pru Loan Protect (Pros)

ICICI Pru Loan Protect
  • Flexible PPT
  • Reducing Cover
  • Long term Policy term

ICICI Pru Loan Protect (Cons)

ICICI Pru Loan Protect
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Loan Protect (Other Benefits)

ICICI Pru Loan Protect
  • Death Benefit
  • Tax Benefits
  • Surrender Benefit

ICICI Pru Loan Protect (Eligibility Criteria)

ICICI Pru Loan Protect
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 5 Lac
  • Maximum sum assured- 30 Lac
  • Maximum policy term- 30 years.

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

  • Pure protection plan
  • Affordable premiums
  • Flexible options

ICICI Pru Saral Jeevan Bima (Pros)

ICICI Pru Saral Jeevan Bima
  • Affordable premiums
  • Flexible premium paying term
  • Maturity age upto the age 70 years.

ICICI Pru Saral Jeevan Bima (Cons)

ICICI Pru Saral Jeevan Bima
  • No Policy Loan
  • No Investment option
  • No Terminal illness benefit

ICICI Pru Saral Jeevan Bima (Other Benefits)

ICICI Pru Saral Jeevan Bima
  • Death benefit
  • No medical examination
  • Tax benefit

ICICI Pru Saral Jeevan Bima (Eligibility Criteria)

ICICI Pru Saral Jeevan Bima
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Maximum maturity age- 70 years
  • Minimum sum assured-5 Lac
  • Maximum sum assured-No limit

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

  • Maturity Benefit
  • Critical Illness Cover
  • Accidental Disability Cover

ICICI Prudential iProtect Return Of Premium (Pros)

ICICI Prudential iProtect Return Of Premium
  • Life stage cover
  • Critical illness
  • Return of premium

ICICI Prudential iProtect Return Of Premium (Cons)

ICICI Prudential iProtect Return Of Premium
  • No policy loan
  • No Investment option
  • No Terminal illness benefit

ICICI Prudential iProtect Return Of Premium (Other Benefits)

ICICI Prudential iProtect Return Of Premium
  • Maturity benefit
  • Income benefit
  • Premium back

ICICI Prudential iProtect Return Of Premium (Eligibility Criteria)

ICICI Prudential iProtect Return Of Premium
  • Minimum entry age-18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- As per plan
  • Minimum policy term-5 years
  • Maximum policy term- 20 years.

ICICI Pru Life Raksha Plan: Overview

1. What is the maximum sum assured of the ICICI Life Raskha plan?

The minimum sum assured of the Life Raksha Plan is Rs 50,000.

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Bindiya Sinha

Written By: Bindiya Sinha

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.