Return of Premium plans refund all paid premiums if no claims arise by the policy’s end, ensuring policyholders enjoy the security of coverage with the benefit of guaranteed savings.
Offering life coverage and savings, Return of Premium plans refund paid premiums at maturity, creating a secure option that combines financial protection with a risk-free investment opportunity.
ROP plans offer financial security through death benefits, ensuring loved ones are protected, with the added assurance of a premium refund if no claims occur by maturity.
With fixed premiums, ROP plans provide stable, predictable coverage, allowing policyholders to budget confidently while benefiting from premium refunds if claims aren’t needed by the policy’s end.
ROP insurance refunds all paid premiums if the policyholder survives the term, combining protection with a savings element.
Unlike regular term plans, ROP returns premiums if no claims are made, making it a non-risk financial product.
No, the refunded premiums are tax-free under Section 10(10D) of the Income Tax Act, subject to terms.