*The Critical Illness benefit is an accelerated benefit and the death benefit will be reduced by the Critical Illness cover paid to the policyholder. To know more about the illnesses covered, please refer the sales brochure.
**Available only under Life Plus and All in One option. Maximum amount that can be availed is 2 Crore and will be paid as a lump sum.
SIP is a financial planning tool available for policy holder’s to create wealth and achieve their long term financial goals by contributing a fixed amount in a selected fund(s) at regular intervals, which could be either monthly, quarterly or yearly. The key benefits of SIP to policy holders are rupee cost averaging and also it inculcates disciplined approach towards financial savings rather than ad hoc investment decisions.
When you appoint a person as your nominee, the nomination enables your nominee to receive the policy proceeds in the event of your untimely death without necessity of producing any legal evidence of title to your estate. You may nominate any person as your nominee.
A collector nominee is a person who act as a receiver of the insurance proceeds on behalf of your legal heirs. If you nominate a person apart from your parent, spouse and children, such nominee can only collect the payout from the insurer and will be accountable to your legal heirs for that amount.
Even if the proposal has already been submitted without nominee details, you can write a letter to the insurer stating that you desire to appoint a nominee and provide nominee details. Once a policy has been issued, you can add a nominee by an endorsement on the policy and notifying the insurer about the endorsement.
If the nominee dies before the policyholder, the proceeds are payable to policyholder or his heirs or legal representatives or in case of multiple successors, NoC required from all successors other than the claimant.
If a beneficiary nominee or one of your beneficiary nominees, die after your demise but before his share of the amount under the policy is paid, the share of such nominee(s) shall be payable to the heirs or legal representative of such nominee or holder of succession certificate of such nominee(s).
You should send a notice in writing of any change or cancellation of nomination to the insurer. Otherwise, the insurer will not be liable if it makes a payment to the person registered as a nominee as per its records.
When you conditionally assign your policy, it shall cancel the nomination till the time the assignment is in force. When you absolutely assign your policy, it shall automatically cancel the nomination.
Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale.
Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license.
As per PMLA (Maintenance of Records) Second Amendment Rules, 2017 dated 1st June, 2017 it has been mandated to collect the Aadhaar and PAN from the client. Failure to submit the same by client within 6 months of issuance of policy or 31st March, 2018 whichever is later will lead to the policy being made inoperational by company till the aadhaar and PAN are submitted.
BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI clarifies to the public that
IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with the details of the phone call.