1 Crore Term Insurance Starting @ ₹18/day*
18% Cheaper Now - Zero GST
Get instant savings with zero extra charges.
99.29% Claim settlement ratio*
Proven reliability your family can count on.
Save up to ₹54,600* on your taxes
Earn smart tax benefits while you protect.
TROP stands for Term Insurance with Return of Premium. It is a type of term insurance plan where, if you survive the policy term without making any claim, the insurer returns all the premiums you paid (excluding GST). In simple terms, TROP plans offer a unique mix of financial protection and savings. Let's get into the 8 benefits of term Insurance with return of premium plans.
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8 Key Benefits of Return of Premium Term Insurance PlansAdditional Benefits Often OverlookedACKO Term Life Insurance at a GlanceACKO Term Life Insurance at a GlanceWhy Choose ACKO Life Flexi Term Plan?ACKO Life Flexi Term Plan RidersConclusionFAQs on Return of Premium Term Insurance PlansBelow are some of the additional benefits of return-of-premium term insurance plans that most people do not consider:
The amount received as a returned premium at the time of exit may be reinvested in other instruments, such as mutual funds, PPF, fixed deposits, etc. This way, your savings get compounded, thus aiding long-run wealth creation.
Conservative investors who seek guaranteed returns find ROP plans a good combination of insurance and savings without the market-related instrument volatility.
Return of Premium (ROP) term insurance plans refund the premiums paid at the end of the policy term. These plans usually have higher premiums compared to regular term plans. Instead of ROP, the ACKO Life Flexi Term Plan is designed to provide:
| Categories | Specifications |
| Sum Assured | ₹10 Lakhs to up to ₹90 Crores |
| Entry Age | From 18 years to 65 years |
| Tax Benefits | Save up to ₹54,600* on taxes |
| Claim Settlement Ratio | 99.38% |
| Affordable Premiums | Term Life Cover Starting @ just ₹18/day* |
| Claim process | Fully digital, simply upload the necessary documents on the app. |
| Death Benefit | Available |
| Critical Illness Cover | Available |
| Accidental Total Permanent Disability | Available |
| Accidental Death Benefit | Available |
| 100% Dedicated Claim Assistance | Available |
| Policy Term Flexibility | Available |
| Customisable Policy Coverage | Available |
By choosing a comprehensive term plan like the ACKO Life Flexi Term Plan, you are making a significant move toward safeguarding your family’s financial future. A well-thought-out term insurance plan ensures that your loved ones remain financially secure, even in unforeseen circumstances.
Here are 6 reasons to choose the ACKO Life Flexi Term Plan:
When you buy a term insurance plan, adding riders (extra coverage options) can give additional financial protection against unexpected life events. The ACKO Life Flexi Term Plan offers three riders:
If the policyholder passes away due to an accident, this rider provides an extra payout to the family. This benefit is over and above the base term insurance amount.
If an accident leads to a total and permanent disability, this rider provides additional financial support. It helps the family manage daily expenses and maintain financial stability.
This rider covers 21 listed critical illnesses. If diagnosed with any of these illnesses, the rider provides a benefit that helps ensure financial protection for treatment and family support.
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 N euron 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
Return-of-premium term insurance plans combine strong life cover with maturity benefits. This dual function, coupled with tax benefits, payment flexibility, and the option to add riders, makes it ideally suitable for Indian families. An ROP term plan is an ideal life insurance policy for those who want to ensure that their families are taken care of while also getting the money back in case there is no loss.
Written by
Neviya Laishram
Senior Editor
A senior editor with years of expertise, she fine-tunes content that connects, converts, and builds trust. She transforms heavy insurance concepts into clear, aha-moment reads. Writing is her passion, and thinking ahead is second nature. When not wrangling words, she’s crushing game levels because every challenge is a puzzle waiting to be solved.
Reviewed by
Vaibhav Kumar Kaushik
Senior Director – Life Insurance Strategy
Senior Director – Life Insurance Strategy at Acko, I drive customer-centric, digitally led strategies that shape the future of Life insurance. With expertise in new business development, D2C growth, and investment management, I’ve helped build and scale Acko’s Term Life offerings by aligning customer insights with innovative product strategy to fuel sustainable growth.
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