ICICI Pru Group Unit Linked
Employee Benefit Plan 

The claim payment will be as per Scheme Rules. The Master Policyholder will raise claims to avail benefits with the following documents:

• Claim intimation form (For Superannuation, complete form should be filled including the percentage to be paid to the Trust/ Member)
• Member Policy Schedule, as applicable (Applicable for Benevolent Schemes)
• Member details (For Gratuity Schemes)
• Account details where the payment needs to be made
• Death certificate issued by the local authority in case of death claim
• Any other documents or information as may be required by the Company for processing of the claim depending on the cause of the claim
• The Company reserves the right to call for additional information, documents or particulars, in such form and manner as the Company would prescribe, and the Benefits would be paid only after receipt of such additional information, documents or particulars. Upon retirement or cessation of service or on death of a Member on the request made by the Master Policyholder, the Company shall pay the Benefits according to terms and conditions of the Policy, as the case may be. Claim payments, with respect to the Life Cover shall be made in the name of the Claimant. Other benefits under the Policy are payable in accordance with the rules of the scheme. All claims payments will be made in Indian currency in accordance with the prevailing exchange control regulations and other relevant laws and regulations in India. The Policy Value will be debited on the day of effecting the claim request.

1.1 Benefits payable on death of a member: In the event of death of the Member during the Policy Term, a Sum Assured of Rs. 10,000/- shall be paid by the Company to the Claimant. All claims will be settled as per the Scheme Rules in consultation with the Master Policyholder. The liability of the Company is limited to the funds available in the Policy in addition to the life cover of Rs. 10,000 per Member. The Sum Assured payable on death of a Member is guaranteed. The payment of Rs. 10,000 shall be made by the Company to the Claimant and the Master Policyholder shall provide the Company with all the necessary information to enable the Company to make such payments. In the event of death of the Member on Policy Renewal Date, then death benefit shall not be payable by the Company. The Member cover shall terminate with all rights and benefits thereunder.

1.2 Benefits payable on Member’s exit other than death :The benefits payments will be as per the rules of the Scheme.

1.3 Benefits payable on Leave Encashment, while the Member is in service : This benefit is payable on Employee/Member encashing leave while in service of the Employer as per the EB scheme rules. The amount calculated as per the EB scheme rules will be paid by cancellation of units at the prevailing NAV.

1.4 Benefits payable on the Member’s exit from the employer’s service :On a Employee/ Member’s exit from Employer’s service as per the Employee Benefit (EB) Scheme rules (applicable exits may include resignation, retirement, termination or ceasing service due to disability), the amount calculated as per the rules of the Employee Benefit Scheme shall be paid by cancellation of units at the prevailing NAV.

1.5 Benefits payable under Post Retirement Medical Benefit Scheme: This benefit is payable as per the EB scheme rules. The amount calculated as per the rules of the EB Scheme will be paid by cancellation of Units at the prevailing NAV.

1.6 Benefits payable under Benevolent Schemes: This benefit is payable as per the EB scheme rules. The amount calculated as per the rules of the EB Scheme will be paid by cancellation of Units at the prevailing NAV. For all the benefits listed above, the Company’s liability to the Master Policyholder will always be limited to the unit fund of the Policy.