When it comes to life insurance, most people expect two things: security and value. A Term Plan with Return of Premium (TROP) is a unique insurance product that delivers on both. While a standard term plan only offers a death benefit, TROP provides maturity benefits too. That is, you get a refund of your premiums if you outlive the policy term. To make an informed choice, it is essential to use a Return of Premium Term Plan Calculator Online. It is a handy policy planning tool that gives you clear insights for your premium estimation, maturity projection, and more.
Life Cover Starting @ just ₹18/day*
Change Your Policy Term
As per your life stage and commitments
Hassle-Free Claim Settlement
99.38% Claim settlement ratio*
Smart Income Tax Savings
Save up to ₹54,600* on your taxes
Term insurance with return of premium is a type of term insurance plan that works like a regular term plan. It offers life cover (death benefit) to your nominees in case of your untimely demise. The key difference is that if you survive the policy term, you get back all the premiums paid, excluding taxes and additional charges.
The best term insurance with return of premium becomes an ideal solution due to the following reasons:
A regular term plan does not refund money to policyholders who survive beyond the policy duration. The premium payment made with TROP will be refunded, after deduction of taxes and fees (taxed under some conditions). It is very important to find out the tax implications to stay away from future liabilities.
TROP offers a guaranteed refund of the premiums paid. As the payment amount is unaffected by market fluctuations, you can rely on the specific and guaranteed funds you will receive as part of this arrangement.
You have various payment options for your premiums, including yearly, half-yearly, quarterly, monthly, and one-time single payments. The policy lets you decide when and how to pay based on your preferred schedule.
Some policies offer flexible maturity payout options. This means you get options for lump sum payments, regular monthly payments or a mix of both.
If you miss paying premiums, you have the option to revive your policy within a certain period.
Term life insurance covers you for a set number of years, providing a lump sum payout to your loved ones if you pass away within the specified term. The ACKO Life Flexi Term Plan is like other term plans, but with one big difference - it lets you change your policy coverage and years as per your changing needs and responsibilities.
In addition, ACKO Life has a solid claim settlement ratio of 99.38%* and offers a smooth, quick claim process, so your family receives financial support without any hassle. You can confidently choose ACKO’s term plan as reliable financial protection for your family.
| Feature | ACKO Advantage | Traditional Plans |
| Claim Settlement Ratio | 99.38%* | Varies from 95-98% |
| Policy Adjustments | Instant changes via app | Often requires paperwork |
| Coverage Flexibility | Increase or decrease coverage anytime | Usually restricted to life events |
| Cost Efficiency | Up to 40% savings | Higher premiums |
| Premium Stability | Age-wise premiums remain fixed | May increase with inflation |
| Digital Experience | 100% online process | Often requires offline steps |
| Free Will Creation | Yes | Generally not offered |
When you buy a term insurance plan, adding riders (extra coverage options) helps protect against unexpected life challenges. To give you more security, ACKO Life offers 3 important riders: Accidental Death Benefit, Accidental Disability Benefit, and Critical Illness Cover.
If you pass away due to an accident, the ACKO Life Accidental Death Benefit Rider provides an extra payout to your family, over and above the base term insurance amount.
If an accident causes a major disability, the ACKO Life Accidental Total Permanent Disability Benefit Rider offers additional financial support to help you and your family manage living expenses and maintain stability.
The ACKO Life Critical Illness Benefit Rider covers 21 critical illnesses, including cervical cancer, breast cancer, ovarian cancer, fallopian tube cancer, and many others. This rider ensures that if you are diagnosed with a serious illness, your family’s financial security is not at risk. Here is the complete list of covered critical illnesses.
✔️ Cancer of Specified Severity
✔️ Myocardial Infarction (First Heart Attack Of Specific Severity)
✔️ Open Chest CABG
✔️ Open Heart Replacement Or Repair Of Heart Valves
✔️ Coma Of Specified Severity
✔️ Kidney Failure Requiring Regular Dialysis
✔️ Stroke Resulting In Permanent Symptoms
✔️Major Organ /Bone Marrow Transplant
✔️ Permanent Paralysis Of Limbs
✔️ Motor Neuron Disease With Permanent Symptoms
✔️ Multiple Sclerosis With Persisting Symptoms
✔️ Benign Brain Tumor
✔️ Blindness
✔️ Deafness
✔️ End Stage Lung Failure
✔️ End Stage Liver Failure
✔️ Loss Of Speech
✔️ Loss Of Limbs
✔️ Major Head Trauma
✔️ Primary (Idiopathic) Pulmonary Hypertension
✔️Third Degree Burns
Simply enter your age, policy term, and coverage amount to get a personalised premium quote. It provides reliable premium estimation compared to rough estimates or printed brochures.
If you outlive your policy term, a TROP calculator provides a close estimate of the amount you’ll get back. This helps you plan your future savings with confidence.
The tool displays a clear visual representation of premium payments and end-of-term value. The system allows you to compute the effective return rate more efficiently.
Using different premium amounts and policy durations enables you to find the balance between coverage and premium for securing your future goals. It could be your child's education expenses or loan protection.
Let’s say you're a 30-year-old non-smoker opting for a ₹50 lakh TROP plan for 25 years. (Keep in mind that premiums can vary based on the insurer, age, and other factors.)This means you get your money back if you survive, with insurance coverage throughout the policy duration.
| Parameter | Value |
| Premium (Annual) | ₹14,000 approx |
| Total Premium Paid | ₹3,50,000 (25 years) |
| Maturity Benefit | ₹3,50,000 |
| Death Benefit | ₹50,00,000 |
Using a Return of Premium Term Plan Calculator Online can be highly beneficial in the following scenarios:
The calculator helps you understand how much extra premium you'll pay for the TROP plan and whether the refund on maturity justifies the cost difference. Remember that TROP policies are costlier than traditional term life insurance, about 1.5 - 3 times.
It allows you to estimate how much you'll need to set aside regularly without disrupting your financial planning or lifestyle.
The calculator helps you check how much tax you can save under Section 80C by paying for a TROP plan.
A Return of Premium Term Plan Calculator Online is a useful tool because it guides your path to making smart insurance choices. It helps you balance protection with financial planning by showing what you pay and what you get back. Users who either avoid risks or wish to protect their investment from unnecessary loss can achieve correct plan selection by using this policy planning tool.
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Reviewed by Vaibhav Kumar Kaushik 
Acko Technology & Services Private Limited
#36/5, Hustlehub One East, Somasandrapalya, 27th Main Rd, Sector 2, HSR Layout, Bengaluru, Karnataka 560102
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