In this paper, we have proposed an energy efficient chain based protocol which is an improvement over ECBSN (Energy Efficient Chain Based Sensor Network). ECBSN protocol has certain deficiencies like the non optimal selection of leader nodes in rounds, aggregation and transmission of data by head nodes that leads to unbalanced energy consumption. Aiming at these problems, an improved chain based protocol is proposed. IECBSN adopts a new method of selection of leader nodes based on selection value (SV) parameter .To lower energy consumption further, one more level of hierarchy has been added with a head leader node, which will aggregate data from the leader nodes and pass it to the base station. IECBSN shows an improvement of 20% - 35% as compare to PEGASIS (Power Efficient Gathering in Sensor Information System) and 5% t to 7% from ECBSN on energy consumption and improves network lifetime.