<ClaimForSure: 1 Day Death Claim Settlement is available for the following:
a) Policies that have been active for 3 consecutive years. All due premiums in the policy have been paid and the policy has been active for 3 consecutive years preceding life assured's death.
b) All mandatory claim documents are submitted at the branch. Mandatory documents to be submitted at Branch Office-Claimant statement form,Original policy certificate,Copy of death certificate issued by local authority, AML KYC documents-Nominee's recent photograph, Copy of Nominee's pan card,Nominee's current address proof, photo identity proof, Cancelled cheque/Copy of bank passbook,Copy of medico legal cause of death,Medical records (Admission notes,Discharge/Death summary,Test reports, etc). For accidental death-Copy of FIR, Panchnama,Inquest report,Postmartem report,Driving license.
c) Total claim amount of all the life policies held by the Life Assured <=₹ 1.5 Crore
d) Claim does not require any on-ground investigation
<1 Day is a working day, counted from date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays/Bank holidays/Public holidays.
4Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations.
ΔMinimum premium is applicable for specific ages. Please refer the product brochure for more details.
¶Guaranteed security of future-refer to Smart Benefits feature in the brochure for more details.
|Regular Income-refer to partial withdrawal benefit in the brochure for more details.
°4 benefits in 1- refer to Partial withdrawal feature, Smart benefit, Loyalty benefits & wealth boosters and Life Cover in the brochure for more details.
≈Loyalty Bonus consists of Loyalty benefits and Wealth boosters. Please refer the product brochure for more details.
`Company pays all due premiums in your absence provided all due premiums have been paid. Units will continue to be allocated as if the premiums are being paid – to ensure that your savings for your desired goal continues uninterrupted.
*Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D),115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.
+Partial withdrawals are allowed after the completion of five policy years provided monies are not in Discontinued Policy Fund. You can make unlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of the Fund Value in a policy year. The partial withdrawals are free of cost. For the purpose of partial withdrawals, lock in period for Top-up premiums will be five years from date of payment or any such limit prescribed by IRDAI from time to time. Partial withdrawal will not be allowed if it results in termination of the policy.
‘1% discount on premium allocation charges is applicable only for Year 1 of Regular and Limited pay policies. In case of One pay, discount applicable is 0.5% of Single Premium.
^Loyalty Additions are applicable from the 6th policy year onwards. This is in the form of extra units at the end of every policy year. Each Loyalty Addition will be equal to 0.25% of the average of the Fund Values on the last business day of the last eight policy quarters. You get an additional Loyalty Addition of 0.25% every year from the end of year 6 if all premiums for that year have been paid.
1Wealth Boosters will be allocated as extra units at the end of every 5th policy year starting from the end of the 10th policy year. Each Wealth Booster will be 3.25% for Regular pay /Limited pay policies and 1.5% for One pay policies of the average of the Fund Values on the last business day of the last eight policy quarters.
2Switches are only applicable for fixed portfolio strategy and not applicable for other portfolio strategies.
3The minimum Top-up premium is ₹ 2,000. Top-up premiums can be paid any time except during the last five years of the policy term. A lock-in period of five years would apply for each Top-up premium for the purpose of partial withdrawals only. At any point during the term of the policy, the total Top-up premiums paid cannot exceed the sum of base premium(s) paid till that time. The maximum number of top-ups allowed during the policy term is 99.
|Bluechip Fund||ULIF 087 24/11/09 LBluChip 105|
|Focus 50 Fund||ULIF 142 04/02/19 FocusFifty 105|
|India Growth Fund||ULIF 141 04/02/19 IndiaGrwth 105|
|Maximise India Fund||ULIF 136 11/20/14 MIF 105|
|Maximiser Fund V||ULIF 114 15/03/11 LMaximis5 105|
|Mid Cap Fund||ULIF 146 28/06/22 MidCapFund 105|
|Multi Cap Growth Fund||ULIF 085 24/11/09 LMCapGro 105|
|Opportunities Fund||ULIF 086 24/11/09 LOpport 105|
|Sustainable Equity Fund||ULIF 145 03/06/21 SustainEqu 105|
|Value Enhancer Fund||ULIF 139 24/11/17 VEF 105|
|Active Asset Allocation Balanced Fund||ULIF 138 15/02/17 AAABF 105|
|Balanced Advantage Fund||ULIF 144 03/06/21 BalanceAdv 105|
|Multi Cap Balanced Fund||ULIF 088 24/11/09 LMCapBal 105|
|Mid Cap Hybrid Growth Fund||ULIF 147 050123 MCHybrdGrt 105|
|Constant Maturity Fund||ULIF 148 050123 ConstntMat 105|
|Income Fund||ULIF 089 24/11/09 LIncome 105|
|Secure Opportunities Fund||ULIF 140 24/11/17 SOF 105|
|Money Market Fund||ULIF 090 24/11/09 LMoneyMkt 105|
ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. For enquires related to new policies purchased online, please call us on 1-860-266-7766 and select option 4 on our Interactive Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. UIN of SmartKid with ICICI Pru Smart Life is: 105L145V08. Advt. No.: W/II/0131/2023-24.
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.