Top Term Insurance Plans with Return of Premium (2025)

We toil day and night to provide a good life for our family – a secure home, quality education for kids, and a bright future. Life is uncertain, however. No one knows what will happen the next day. In case something untoward happens to the earning member of the family, it can spell financial hardship as well as emotional distress. That is why life insurance is necessary; it secures your family’s future even when you are not there.

Among various life insurance products, term insurance plans are highly sought after. They offer low premiums for high coverage, so that your family receives money at the time when they are most in need. However, most people believe that low-end term plans do not give anything back if they outlive the term of the policy. To address this issue, insurers now sell term insurance with return of premium. These plans provide you with life cover for the term, and if you live to the end, the entire premium you paid is refunded to you. It’s having the best of both worlds, protection and savings.

Why Term Insurance with Return of Premium?

• Two-in-One Benefit: You have life cover to secure your family and your money back if anything does not happens to you.
• Peace of Mind: You don’t feel that your premiums have gone down the drain. Even if you survive the policy duration, you get your premium returned to you.
• Affordable: It is relatively less expensive compared to regular whole life or endowment policies.
• Flexible Payouts: Most insurers enable you to decide whether your family receives the payout in the form of a lump sum, as monthly income, or both.

These are the reasons why return of premium term plans are so sought after by individuals who desire financial security along with a return of premium option.

Best Term Insurance Plans with Return of Premium (2025)

1. HDFC Life Click 2 Protect Super

It is an adaptable plan that permits you to decide on varying cover options and even boost your cover at life milestones such as marriage or having a child. It also offers a return of premium facility.

Key Benefits:

• Option to receive a lump sum or monthly income payout.
• 100% return of premium at the maturity of the policy.
• Option to include riders such as critical illness cover.

2. ICICI Pru iProtect Return of Premium

ICICI Prudential provides a secure term insurance plan with return of premium. It insures life risks and returns the entire premiums you paid at term-end.

Key Benefits:

• Coverage till age 85.
• Return of full premium on maturity.
• Facility to include an accidental death benefit rider for additional security.

3. Max Life Smart Secure Plus Plan

Max Life has the reputation of competitive pricing and flexibility. Its Smart Secure Plus Plan is a wonderful product if you are looking for money-back benefits.

Key Benefits:

• Opt for life cover with income or lump sum payment.
• Return of premium on maturity.
• Facility for joint life cover for spouse.

4. Tata AIA Sampoorna Raksha Supreme

This policy is designed for those seeking long-term security and assured return of premiums.

Key Benefits:

• Ample premium payment options (regular, limited pay).
• Return of entire premiums on maturity.
• Add-ons such as critical illness cover for additional protection.

5. SBI Life Smart Swadhan Plus

SBI Life is reliable due to its robust claim settlement history. Smart Swadhan Plus is easy and efficient.

Key Benefits:

• Policy duration between 10 to 30 years.
• Return of all the premiums paid on maturity.
• Flexible premium payment options.

6. LIC Jeevan Amar (with ROP Option)

LIC is the most reputed name in insurance. Its Jeevan Amar plan, with return of premium option, provides full security.

Key Benefits:

• High amount assured at low premiums.
• Return of premium at maturity.
• Supported by LIC’s good claim settlement ratio and trust.

How to Choose the Best Term Insurance with Return of Premium?

Selecting the correct plan can be confusing, but here are easy tips to assist you in deciding:

• Check Claim Settlement Ratio (CSR): The higher the CSR, the better as this indicates the insurer is trustworthy and settles claims promptly.
• Premiums: Opt for a plan that provides good coverage in your budget.
• Policy Term: Opt for a longer term to cover yourself until retirement or until your children are self-sufficient.
• Add-on Riders: Look at optional benefits like accidental death cover or critical illness cover.
• Payout Flexibility: Check if the insurer lets you choose how the payout is given – lump sum, monthly, or both.

Example of Premium and Coverage (Approximate)

For a healthy 30-year-old non-smoker:

• ₹25 lakh cover for 30 years may cost around ₹5,000 – ₹7,000 per year.
• With return of premium, you get back all premiums (for example, ₹1.8 lakh) at 30 years end if you survive the term.

These are illustrative figures and depend on your age, health, and policy terms.

Who Should Invest in These Plans?

• Young professionals: You receive high coverage at a low premium if you begin early.
• Dependent families: If your parents, spouse, or children are dependent on you, these plans are essential.
• Individuals seeking money back: If you do not feel happy paying premiums without expecting anything in return, this plan provides peace of mind.

Benefits of Starting Early

The sooner you purchase, the cheaper the premium. A 25-year-old pays significantly less than a 40-year-old for the identical cover. Beginning early also fixes your premium at the same amount for the duration.

Conclusion

One of the easiest and best methods of providing for your family is through a term insurance policy. It’s even better when you add a return of premium benefit because you don’t feel as though your money is lost if something does not occur. You have protection during the term and a complete refund of premiums at the end if you remain healthy and unharmed.

The best return of premium term insurance plans in 2025 – such as HDFC Life Click 2 Protect Super, ICICI Pru iProtect ROP, Max Life Smart Secure Plus, Tata AIA Sampoorna Raksha Supreme, SBI Life Smart Swadhan Plus, and LIC Jeevan Amar – are all geared to offer you flexibility, affordability, and worry-free enjoyment.

Take time to contrast such plans, compare their premium rates, and see the features that suit your requirements. Remember, insurance is not all about money; it is about concern, protection, and love you have for your family. Taking this small but wise decision today can provide your loved ones with a secure and tension-free future tomorrow.