10 Top Term Insurance Plans With Return of Premium

When you think about term insurance plans, you usually think about protection. You pay a small amount every year, and your family gets a large amount if something happens to you. But many people feel something is missing. They ask, “What if nothing happens to me? Will all my money go to waste?”

This is where return of premium term life insurance becomes helpful. Because of this, many people in India now prefer term plans with return of premium (ROP). They get peace of mind, family safety, and no loss of money.

In this guide, let’s look at the 10 top term insurance plans with return of premium you should compare before buying.

What Is Return of Premium Term Life Insurance?

Return of premium term life insurance is a special type of term plan. It gives you two benefits:

• Life cover for your family
• Money back upon the term end if you survive

It is simple. You stay protected for 20, 30, or 40 years. If nothing happens to you, all your premiums come back to you at maturity.

Why People Prefer Term Insurance Plans With Return of Premium

Here are some common reasons why many families choose ROP plans:

• Zero loss of money – You get all premiums back.
• Long-term savings - You end up building a lump sum.
• Mental peace: You don't feel that your premium is "gone."
• Easy to comprehend, no complicated 'ifs'.
• Good for risk-free planners – Works well for people who want security with savings.

If these points match your thinking, a return-of-premium plan may be the right choice.

10 Best Term Insurance Plans With Return of Premium

Below is a list of 10 popular term plans that offer return of premium options. These are known for trust, good claim history, and strong coverage.

1. HDFC Life Click 2 Protect Super (ROP Option)

This plan offers a clean and simple return-of-premium option. You get full life cover and all premiums back at the end. You can also add riders such as accidental cover or critical illness.

Good for: Those looking for stability in an already well-acknowledged brand and adaptive features.

2. ICICI Prudential iProtect Smart (Return of Premium Rider)

ICICI gives you the option to add a return-of-premium benefit by choosing a specific variant. You get money back at maturity along with strong life protection.

Good for: Those who want strong rider choices and a high claim settlement ratio.

3. Max Life Smart Secure Plus Plan (ROP Variant)

Max Life’s plan is very popular because it offers many options. The ROP benefit gives you all premiums back at the end of the policy term. You also get choices like increasing cover and accidental protection.

Ideal for: those who enjoy numerous customization options.

4. Tata AIA Sampoorna Raksha Supreme (Return of Premium Option)

Tata AIA offers a reliable return-of-premium model with a long list of riders. You also get the benefit of early return if you choose a limited-pay option.

Good for: Those who need a trusted brand for long-term benefits.

5. SBI Life Smart Shield (ROP Variant)

SBI Life offers a simple structure for people who want both security and savings. The return-of-premium variant is easy to understand and offers full premium refund.

Good for: Families who prefer government-associated brands.

6. Bajaj Allianz Smart Protection Plan (ROP Variant)

This plan is popular because it offers good flexibility in payment options. You can pay premiums for a limited number of years and still enjoy full-term coverage. At the end, you get your money back.

Good for: Applicants looking for limited-pay benefits.

7. Kotak e-Term Plan (ROP Option Under Special Variant)

Kotak offers term insurance with a refund benefit under specific variants. It gives you affordable pricing and a clean benefit structure. Active riders make the plan more complete.

Good for: Those who seek out great value and low premiums.

8. Aditya Birla Capital DigiShield Plan (ROP Feature)

Aditya Birla’s plan offers 10+ built-in options, including a strong ROP model. You get complete premium refund at the end and multiple health-based riders.

Good For: Good for buyers who need strong coverage options with savings.

9. PNB MetLife Mera Term Plan Plus (ROP Option)

The return-of-premium option helps you get every penny back at maturity. The plan also gives child-benefit options and flexibility to choose a cover till age 99.

Good for: Parents who want long-term family support.

10. IndiaFirst Life Guaranteed Protection Plan (ROP Variant)

IndiaFirst offers a very simple structure with a return-of-premium choice. The plan is clean, affordable, and gives good coverage with added riders.

Deal: Good for first-time purchasers seeking clarity and value.

How to Choose the Best Return of Premium Term Life Insurance Plan

Choosing the right plan does not have to be hard. Here are simple rules anyone can follow:

Compare Premiums Carefully

ROP plans cost more than normal term plans. But different insurers charge different amounts. Always compare premiums before buying.

Check the Claim Settlement Ratio

A high claim settlement ratio means the company pays claims on time. This shows trust and reliability.

See Riders

Riders like:

• Accidental cover
• Critical illness
• Disability cover

These make the plan stronger.

Choose the Right Policy Term

Your policy should cover you until your major responsibilities end—like children’s education, home loan, or retirement.

Check the Refund Rules

See if the plan returns:

• All premiums
• taxes minus premiums
• premiums plus riders

Rules are different in different companies.

Look at Payment Options

Some plans allow:

• monthly
• annual
• limited-pay
• single-pay

Pick one depending on your comfort level.

For whom is a return of premium term plan right for?

A return-of-premium term plan is ideal for individuals who think this way:

• "I want protection for my family."
• “I also want my money back if I survive.”
• "I want zero risk."
• “I do not want complicated investments.”

If these thoughts match you, then ROP plans are ideal. However, if your goal is wealth growth, then a plain term plan and separate investment may suit you better.

Benefits of Return of Premium Term Life Insurance

Here are the simple and straightforward benefits:

• Full Life Cover: Your family gets a sum in bulk in case something happened to you.
• Money Back Guarantee: All your premiums come back at the end. This gives a sense of safety. No Loss of Savings: Unlike normal term plans where the premium goes only for protection, here you get everything back.
• Inner Peace: People are happier knowing that their money is safe.
• Works as a Forced Saving: You pay each year, and at the end, you get a good lump sum.
• Best for Risk-Free Planners: Perfect for those who like stable and no-risk plans.

Conclusion

Term insurance plans are the simplest way to protect your family. But when you add the return of premium term life insurance feature, the plan becomes even more attractive. You get the power of protection and the comfort of money back at the end. The 10 plans listed above are among the most popular, trusted, and reliable choices in India today. Compare them based on your age, budget, coverage needs, and family responsibilities. When you choose wisely, a return-of-premium term plan can give your family safety and give you peace of mind for many years.