Think about it – you take term insurance for your family’s financial security, but if you survive, you will get your premium back? Sounds exciting, right? Well, this is the magic of term insurance plans with Return of Premium (ROP)! In 2025, these plans have become even more advanced, offering life cover with full premium return. Today I will tell you the best options, their features, and how to choose. Let’s get started so that you can make the right decision.
What is Term Insurance with Return of Premium?
You must be knowing about term insurance – it is a simple life cover that provides financial protection to your family in your absence. But there is a twist in the ROP variant: if you survive till the end of the policy term, the insurance company refunds all the premiums (excluding taxes and riders) to you.
It is basically a safety net that offers savings along with protection. In 2025, these plans have become inflation-proof and flexible, offering up to 105% return. Premiums start from Rs. 500/month, and cover up to Rs. 1 crore or more. These plans are ideal for people who want long-term security without wasting money. Now let’s look at the best options.
Best Term Insurance Plans with ROP in 2025
I have compared the top plans in the market based on claim settlement ratio (CSR), return percentage, premium affordability, and add-ons. All these are IRDAI approved and according to the latest updates of 2025. Here is a short specs table for quick overview:
| Plan Name | Key Specs |
|---|---|
| ICICI Pru iProtect Return of Premium | CSR: 97.8%, Return: 105%, Premium: Rs. 600/month for Rs. 1 Cr cover (30-year term), Riders: Critical Illness, Accidental Death |
| Tata AIA Maha Raksha Supreme ROP | CSR: 98.5%, Return: 100-105%, Premium: Rs. 550/month, Whole Life Option, Tax Benefits under 80C |
| HDFC Life Click 2 Protect Super ROP | CSR: 98.7%, Return: 100%, Premium: Rs. 520/month, Flexible Payouts, Add-ons: Waiver of Premium |
| Bajaj Allianz Life Smart Protect Goal ROP | CSR: 98.4%, Return: Up to 105%, Premium: Rs. 501/month, Income Option, Joint Life Cover |
| Policybazaar TROP Plans (Multiple Options) | CSR: Varies (95-99%), Return: 100-105%, Premium: Starting Rs. 487/month, Customizable Riders like Cancer Cover |
This table summarizes the main features. Now let us know about this plan in detail.
ICICI Pru iProtect Return of Premium is a strong contender for 2025. In this, you get 105% premium return if you survive the term. For example, for a 30-year-old male, the premium for Rs. 1 crore cover is around Rs. 600 per month. The CSR is 97.8%, which is reliable. You can get extra protection by adding add-ons like critical illness rider. This plan also offers tax savings under Section 80C and 10(10D).
Next, Tata AIA Maha Raksha Supreme with ROP. This plan is famous for its flexibility. Returns range from 100-105%, and there is also a whole life cover option that offers protection for up to 99 years. Premiums are low – starting from Rs. 550/month. CSR is 98.5%, which is high in the industry. If you want a joint life cover (with spouse), then this is the best. Apart from this, the family can get monthly income through income payout option.
HDFC Life Click 2 Protect Super ROP is the top choice for affordability. With 100% return, premium is just Rs. 520/month. CSR is 98.7%, which builds trust. Flexible payouts – lump sum or in income form. By adding waiver of premium rider, future premiums are waived if you become disabled. It is easy to buy this plan online in 2025.
Bajaj Allianz Life Smart Protect Goal ROP is perfect for young buyers. Up to 105% return, premium from Rs. 501/month. The CSR is 98.4%. The income protection option gives the family a regular income. Joint cover and add-ons like accidental death benefits are available. This plan is customisable, where you can choose a term from 10-40 years.
There are also options like Policybazaar’s TROP plans, which let you compare multiple insurers. From there, you can choose the one with the lowest premium, starting at Rs. 487/month. Common among all these is high CSR (95%+), tax benefits, and riders for extra cover.
How to Choose the Best Term Insurance Plans with Return of Premium?
First of all, assess your needs. Look at age, income, family size, and liabilities. A 30-year term is better to take in young age. Use the premium calculator to compare. Prefer plans with CSR 98%+. Add riders like critical illness or accidental death. Buy online for discounts.
Against inflation in 2025, these plans give return on maturity, which also becomes saving. But remember, ROP plans are a bit costly than regular term, but are worthwhile because of the return.
FAQs
Is Term Insurance with ROP better than regular term?
Yes, if you want premium return. Only death benefit in regular term, in ROP, return is available on survival.
What is the premium of the best ROP plan in 2025?
Rs. 500-600/month for Rs. 1 crore cover, depending on age and term. Tata AIA and HDFC offer low premium.
What are the tax benefits in ROP plans?
Premium deduction under Section 80C (up to Rs. 1.5 lakh) and maturity amount tax-free under 10(10D).
How to claim in ROP term insurance?
Submit documents for death claim. Maturity amount is automatically received on survival.
Is there a discount in ROP plans for women?
Yes, women get lower premium in many plans, like 5-10% discount in ICICI Pru.
