RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Term Insurance with Return of Premium

Term insurance with return of premium is similar to a pure term life insurance with the added benefit of return of premium. A term plan with return of premium provides financial protection to your loved ones in case of your death but if you survive the policy term then you get back all the premiums.

1 Crore Term Insurance@ Rs.21/day***

Get a Free Quote TALK TO OUR ADVISOR

66 Mn.

Lives Insured@

Rs. 3 Tn.

Assets under management@

Rs. 630.8 Bn.

Total Premiums@

ROP

Return of Premium^

Same Day

Claim Processing#

99.50%

Claim Settlement Ratio##

Get Rs. 1 Cr. Life Cover at just Rs.21/day***

7% Online Discount**

Save tax up to Rs.54,600~

Get Rs. 1 Crore Life Cover at Rs. 26/day***

All fields are mandatory
nri-yesYes nri-noNo
maleMale femaleFemale
if you have smoked or used tobacco in any form in the last 2 years, then select "Yes".
Yes No
Your age is years
Valid Age Range for the product is from 18 to 65
Please select annual income range
Please enter valid country code Please enter valid mobile no

arrow
Please authorize us to contact you

Customer rating 4.6/5

Complete Star Complete Star Complete Star Complete Star Half Star

Rated by 14607 customers

Your Mobile Number

+91 9989888811

green-check

red-check

You have entered incorrect OTP more than 5 times. Please try again after 12:44 AM

Didn't receive OTP? Resend OTP

TERM INSURANCE PLANS BUYING GUIDE call-icon :1800-266-9777 (ALL DAYS, FROM 9AM TO 9PM, TOLL FREE)
Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

What is a Term Insurance with Return of Premium (TROP)?

image-star image-star image-star image-star image-star image-star image-cloud image-cloud image-cloud moon What is Term Plan with Return of Premium?

A term insurance with return of premium (TROP) is almost similar to a term insurance plan. But what is Term Insurance plan with Return of Premium? It is a type of term insurance that offers life cover to beneficiaries like a standard term plan but also provides a pay-out on maturity.

In other words, if the insured person survives the policy tenure, he or she will be entitled to receive the premiums paid at the end of the term. However, also in case of death within the term, a life cover is provided to the beneficiary or nominee of the policyholder.

It is a perfect life insurance plan for those who are looking for a savings plan along with life insurance coverage. People who are looking for financial support for their family members in their absence can also opt for a TROP.

Why is term insurance with return of premium right for you?

Why HDFC Life Term with Return of Premium is just right for you?

  • This plan is suitable for you, if you are looking for a life insurance cover for protecting your family and also want return of premiums paid on policy maturity

  • Life insurance cover without medical tests

  • Return of total premiums paid on completion of policy term

  • Flexible Premium payment options

  • This plan is suitable for you, if you are looking for a life insurance cover for protecting your family and also want return of premiums paid on policy maturity

  • Life insurance cover without medical tests

  • Return of total premiums paid on completion of policy term

  • Flexible Premium payment options

Why HDFC Life Term with Return of Premium is just right for you?

How does a Term Insurance with Return of Premium work?

In a term insurance plan with a return of premium, the policyholder pays a premium amount for a tenure which can range between 5 years and 30 years. In case the policyholder dies within the policy tenure, his or her beneficiaries will receive the sum assured. However, if he/she survives the policy tenure, he or she will be entitled to receive the premium amount cumulatively along with interest and other additional benefits depending on the chosen policy. Let us understand how this works with the help of an example:

Ms Patrika, a 26-year-old working lady is looking for an option to save along with a life cover, so that in her absence her family will receive financial assistance. Hence she has opted for a term plan with return of premium (TROP) in which the annual premium is Rs. 15,000 and sum assured is Rs. 90 lakh and the policy term is 30 years.

Therefore, Ms Patrika will have to pay an annual premium of Rs. 15000 every year for 30 years. Here, there can be two scenarios:

1
1

Scenario 1

Ms Patrika passes away within the policy tenure
In case she dies within the term then her family members or nominees will receive the sum assured of Rs. 90 lakh.

...Read More

2
2

Scenario 2

Ms Patrika survives the policy tenure
If she survives the policy tenure she will receive the entire premium paid throughout the tenure i.e. (15000*30= Rs.4,50,000) along with interest and other additional bonuses depending on the policy terms.

...Read More

Who Can Avail Term Plan with Return of Premium?

Every single individual has a different financial planning as each of them has different financial objectives in life. The cost and benefits offered by term insurance can depend on various factors such as source of income, age, medical condition, lifestyle habits etc.  If you are considering availing a term plan with a return of premium, it's essential to carefully assess the advantages. Generally, opting for a TROP may be more suitable for individuals belonging to the following categories:

1
1

Unmarried Individual

If you are an unmarried individual you might have the financial responsibility of your dependent parents and dependent siblings. Hence if you opt for term insurance with a return of premium, you can secure their future while keeping the costs low. In the event of an unfortunate demise, your family will receive a lump sum death benefit which will act as financial support for them. This will ensure they can meet expenses, repay debts and reach their life goals even in your absence. If you outlive the policy, you'll receive a refund of the premiums paid.

...Read More

2
2

Married but No Children

If you are a married person with no children you can also consider availing a term plan with return of premium. If your spouse is entirely dependent on you, opting for a TROP can be a wise idea. You have the opportunity to establish a financial support system for them, safeguarding their future against unforeseen circumstances. The additional advantage comes in the form of the maturity benefit being provided at the end of the policy term.

...Read More

3
3

Married Person with Children

If you are a married individual with children, availing a term plan with return of premium can be the best thing you can do to secure yourself and your family financially. Planning for their higher education, weddings and other objectives will be a vital element of your investment strategy. If you are the sole breadwinner in the family, the well-being of your spouse and children should also be taken into account. This means opting for a policy with sufficient sum assured to cover the requirements of all family members.
You can also wish to avail a life cover till the age of 100 years to provide financial protection to your financial dependents. A whole life insurance can help you secure the financial future of your loved ones till you are 100 years of age.

...Read More

What Are the Benefits of Term Insurance with a Return of Premium?

Term Insurance with Return of Premium comes with several benefits some of which are as follows:

Refunds Your Premiums

Refunds Your Premiums

TROPs come with the facility of refund of premium upon maturity of the policy if the policyholder survives the policy tenure. Hence it is ideal for individuals who are looking forward to availing a term life insurance and a lump sum payment after the policy term.

Tax benefits

Tax Benefits

You can be eligible for tax benefits by availing of term insurance with a return of premium. The amount of premium paid under such a policy is tax deductible under Section 80C of the IT Act. Moreover, under Section 10 (10D)2, you can avail tax exemptions (with no limits) for both maturity and death benefits of a TROP.

Benefit of Rider Options

Benefit of Rider Options

There are many insurers who offer rider options on TROPs, which basically allow the policyholder to enjoy additional benefits of term insurance over and above the base policy with a slight increase in premium. There are certain types of rider options offered by insurers:

- Critical Illness Rider: It covers several critical illnesses such as stroke, cancer, heart attack etc.; the coverage varies from insurer to insurer. 

- Premium Waiver Rider: It allows the facility of premium waivers under certain specific conditions.

- Accidental Death Benefit Rider: It is a rider option which covers the policyholder if he or she dies of accidental death, which otherwise is not covered in the base policy.

Why should you opt for a Term Plan with Return of Premium?

Here are some reasons why opting for a TROP plan make sense:
No Money Lost

No Money Lost

Basic term life insurance plan with Risk Covers provides you with a death benefit only. In case you survive, the total money invested is lost. TROP takes care of this fact and ensures you get back whatever premium you paid.

Guaranteed Return

Guaranteed Return

Apart from the death and maturity benefit, TROP doesn’t cater to any savings or investments in the market. Hence, the amount of return from this policy is guaranteed1 both in case of life cover and return of premium is fixed and guaranteed1.

Flexible Premium

Flexible Premium

TROP offers flexibility in premium payment as policyholders get to choose the preferred frequency. They can opt for annual, half-yearly, quarterly, monthly or single payment of premiums based on convenience.

Flexible Return

Flexible Return

TROP empowers its policyholders to enjoy the returns in their preferred schedule. They can get the maturity benefit in lumpsum, in monthly instalments or a mix of both.

Scope of Revival

Scope of Revival

In case you default on the payment of premiums, TROP policies can be revived within 5 years from the last payment. If you default till the end of this grace period, the policy turns into a paid-up policy automatically to avoid a lapse.

View All Benefits

Why is the Term Plan with Return of Premium Right for you?

A Term Plan with Return of Premium (TROP) offers a compelling solution for individuals seeking both financial protection and a return on investment. Unlike traditional term plans, TROP provides a lump sum payout of all your paid premiums (minus taxes) if you survive the policy term. This feature caters to risk-averse individuals who desire peace of mind with the potential to get their money back. 

Moreover, TROP plans offer competitive death benefits, ensuring your loved ones are financially secure in your absence. This unique combination of comprehensive life coverage and potential return on investment makes TROP a valuable option for individuals seeking a well-rounded financial safety net.

Check Eligibility Criteria

Before buying HDFC Life Term with Return of Premium.

ELIGIBILITY CRITERIA

Entry Age (Years)

18 to 50

Policy Term1
(Years)

Limited Premium

10 to 30

Regular Premium

12 to 30

Minimum Sum Assured 

Limited Premium

10 Lakhs

Regular Premium

5 Lakhs

Maximum Sum Assured 

25 Lakhs

Premium Paying Mode

Annual

1. The maximum Policy Term is 30 years subject to maximum maturity age of 65 years

What Are the Features of Term Plans with Return of Premium?

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

When selecting a term insurance with return of premium (TROP) plan, it is crucial to take into account various factors. To guide you in making an informed decision, here are some essential points to keep in mind.

1

It is important to assess the coverage amount required, such as a 1 crore term insurance plan, to safeguard your family's financial well-being in case of your unforeseen demise.

...Read More

2

Consider adhering to these straightforward guidelines, you can choose a TROP plan that aligns with your specific requirements.

...Read More

3

Consider checking that the insurer has a high claim settlement ratio, as it reflects a history of successful and timely claim disbursements.

...Read More

4

It is important to make sure that the premium payments align comfortably with your budget, allowing for consistent payments without compromising other financial obligations.

...Read More

5

Opt for a term plan that offers flexible options for premium payments like semi-annual, annual, monthly or quarterly payments. This makes it easy and convenient for you to continue the policy.

...Read More

How to Buy Term Insurance with Return of Premium Plan?

Here is the step-by-step guide to purchasing the Best Term Plan with Return of Premium plan from HDFC Life.

1

To start with, visit the HDFC Life homepage and click on ‘Term Insurance’.

...Read More

2

From the list of term plans, choose term life insurance with return of premium.

...Read More

3

In the navigation bar, you will find an option called ‘Resume Application’ or ‘Apply Now’. Click on it, enter your email ID, contact number, and date of birth and proceed.

...Read More

4

An application form will open up where you will have to enter some basic information and submit it.

...Read More

5

Post submission, a list of all the options will be available under Term Insurance with Return of Premium; choose the desired option and proceed.

...Read More

6

Finally, complete the payment using your desired payment mode and you have bought the best TROP from HDFC Life.

...Read More


To conclude, a term plan with return of premium is probably the best pure life insurance product available in the market. However, compared with regular term insurance, these plans come with a bit more expensive premium. That said, considering the added advantage of getting your premium back if you outlive the policy, it becomes a highly beneficial product. Additionally, pairing this with critical illness insurance can provide comprehensive financial protection, ensuring you're covered against life’s uncertainties.

 

FAQs on Term Plans with Return of Premium 

1 What is term insurance with return of premium?

Term insurance with return of premium allows the policyholder to get back the total amount of premium paid through the policy tenure upon maturity in case he or she survives the tenure. In the event of the policyholder’s unfortunate demise, the beneficiaries or nominees are entitled to the sum assured.

2 Which is the best term plan with return of premium?

Determining the best term plan with return of premium (TROP) depends on individual needs and financial goals. Factors like age, coverage amount, budget, and policy features should be considered. It is advisable to compare multiple TROP options from different insurers, considering factors such as claim settlement ratio, premium rates, and additional benefits offered.

3 What major benefits are provided by term insurance plans with Return of Premium option?

Term insurance with Return of Premium (ROP) facilities offers dual benefits. Firstly, it provides financial protection to your family in case of your untimely demise through a death benefit. Secondly, if you survive the policy term, you receive a lump sum equal to the total premiums paid, acting as a form of savings.

4 Are There Any Riders Available With TROP?

Yes, you can add riders to a Term Plan with Return of Premium (TROP). These riders offer additional coverage for specific situations like critical illnesses or accidental death. The exact riders available depend on the insurance company and the specific plan you choose. It is important to review the available options and select riders that align with your needs and budget.  

5 What Is The Eligibility Criteria For Term Plan With Return Of Premium?

Eligibility criteria for a Term Plan with Return of Premium (TROP) typically vary with different insurance providers. However, generally, individuals between 18 and 65 years of age are eligible. Specific requirements may include having good health, sufficient income level, and occupational stability. It is essential to check the eligibility details offered by individual insurance companies before applying.

6 What type of term coverage is given by return of premium plans?

This is a pure life insurance product similar to term insurance which pays out the sum assured upon the death of a policyholder. The only difference is that it returns your entire premium paid if you survive the policy tenure.

7 What is the return of premium charges?

There are no additional charges apart from premium payments. However, the premium amount may be inclusive of taxes.

8 Is the return of premium term life insurance worth it?

Yes, a return of premium term life insurance can be worth mainly when you consider the sum assured provided to the beneficiaries upon the policyholder’s demise. This death benefit will provide financial support to your family. If you outlive the tenure, you will get back the total amount of premiums paid upon maturity.

9 What is the minimum policy term for all riders with return of premium?

The minimum policy term includes or excludes riders with the base policy and ranges from 5 years to 30 years.

10 Can I add riders under TROP?

Yes, term insurance with return of premium plans comes with the option to add riders. You can add various riders based on your requirements to get the desired coverage. The riders can be a critical illness cover, accidental death cover and more.

11 Is there any grace period in TROP?

Yes, there is a grace period in term insurance with return of premium. It is the period which starts after the due date for premium payments and can extend up to 30 days. But if the premium payments are on a monthly basis, it can extend up to 15 days. Note that the grace period varies from one insurer to another.

VIEW MORE

Here are few more articles about Term Insurance

We help you to make informed insurance decisions for a lifetime.

4 Simple Methods to Calculate : How Much Term Insurance You Need

4 Simple Methods to Calculate : How Much Term Insurance You Need

Inflation rates are increasing, making it difficult for policyholders to choose the appropriate sum insured. Read here to know how much term insurance you need.

Click 2 Protect 3D Plus - Buy Term Life Insurance Policy

What Happens If You Outlive Your Term Life Insurance Policy?

What Happens When a Term Insurance Premium Is Not Paid?

Failing to pay your term insurance premium before the due date may result in your policy lapsing. Learn more about the result of not paying your term insurance premium.

What Happens When a Term Insurance Premium Is Not Paid?
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance solutions - protection, pension, savings, investment, annuity and health.

Life Insurance Popular Search

Popular Searches

Disclaimer

  1. Only for policies that are in-force. (3% of sum assured on vesting) that will get accrued for each completed policy year. Subject to policy being in force and all due premiums being paid. Conditions Apply.
  2. Tax benefits are subject to conditions under Sections 80C, & Section 10(10D) and other provisions of the Income Tax Act, 1961. Tax Laws are subject to change from time to time.

@As per integrated annual report FY23-24, available on www.hdfclife.com. As of May 2024

^ Available under Life & Life Plus plan options

#Provided we have received all the relevant and required documents and no further investigation is required. Claim settlement process would be completed within stipulated timelines once the claim request is approved

##Individual claim settlement ratio by number of policies as per audited annual statistics for FY 23-24

*As per Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

***Online Premium for Life Option for HDFC Life Click 2 Protect Super (UIN: 101N145V07), Male Life Assured, Non-Smoker, 20 years of age, Policy term of 25 years, Regular pay, Annual frequency, exclusive of taxes and levies as applicable. (Monthly Premium of 622/30=20.7).

**7% online discount available on 1st year premium only

~Tax benefits of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 30% on life insurance premium u/s 80C of ₹ 1,50,000 and health premium (Critical illness rider) u/s 80D of ₹ 25,000. Tax benefits are subject to conditions under section 80C, 80D, 10(10D) as per Income Tax Act, 1961. Please consult your tax advisor for more information.

ARN - DM/08/24/13859