ICICI Pru iProtect Smart
*The critical illness benefit is an accelerated benefit & the death benefit will be reduced by the critical illness cover paid to the policyholder. To know more about the illnesses covered, please refer to the sales brochure.
**Available only under Life Plus and All in One option. Maximum amount that can be availed is Rs. 2 Crore and will be paid as a lump sum.
^Tax benefits under the policy are subject to conditions u/s 80C, 80D and 10(10D) of the Income Tax Act, 1961. Service tax and applicable cesses will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. ICICI Pru iProtect Smart UIN 105N151V03.
ICICI Pru Heart Cancer Protect
*Lump sum is paid out on diagnosis of any of the listed conditions. Payout is based on level of condition. Total payout in the policy cannot exceed 100% of Sum Assured of cover selected. Refer to the sales brochure to know about payouts at different level of condition.
**Company shall waive all future premiums on a claim of Minor condition under the chosen cover or on diagnosis of Permanent Disability (PD) of the Life Assured due to Accident. If both Cancer cover and Heart cover are chosen such waiver is allowed on a minor/major condition claim under either Cancer cover or Heart cover; or on the diagnosis of PD. This benefit is available only if Policy is in force as on the date of diagnosis of the condition/at the time of accident.
^Tax benefits will apply to the premiums paid and benefits received as per the prevailing tax laws. Tax benefits under the policy are subject to conditions u/s 80D of the Income Tax Act, 1961. Indirect taxes and applicable cesses will be charged extra over the premium amount as per the applicable rates. Tax laws are subject to amendments from time to time. ICICI Pru Heart Cancer Protect UIN 105N154V01
ICICI Pru LifeTime Classic
* The Policyholder can have funds in only one of the Portfolio Strategies. ** The Company will allocate extra units as below provided all due premiums have been paid:
| Premium payment term |
Loyalty Additions |
Wealth Boosters |
|---|
| (End Of Year 6 And 7) |
(End Of Year 8 And Onwards) |
(End Of Every 5th Year, Starting From The End Of 10th Policy Year) |
|---|
| 5 years – 6 years |
0.10% |
0.10% |
1%
|
| 7 years – 9 years |
0.15% |
0.30% |
1% |
| 10 years and above |
0.15% |
0.30% |
2% |
| Single Pay |
0.25% |
0.25% |
1.5% |
- For single pay policies with a policy term of 5 years, a loyalty addition of 0.25% of the average of daily Fund Values, including Top-up Fund Value, if any, in that same policy year, will be payable at the end of the fifth policy year
- Each Loyalty Addition will be a percentage of the average of daily Fund Values including Top-up Fund Value, if any, in that same policy year as mentioned in the table above.
- Wealth Boosters will be a percentage of the average Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
- Loyalty Additions and Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.
- The allocation of Loyalty Additions and Wealth Boosters is guaranteed and shall not be revoked by the Company under any circumstances.
- If the premium payment is discontinued any time after 5 years, the number of years for which premiums have been paid will be considered as the premium paying term for the purpose of deciding the Loyalty Additions & Wealth Boosters to be paid for the rest of the policy term as per the table above.
^Tax benefit is calculated at highest tax slab rate of 30.90% (including cess) on insurance premium of Rs.1,50,000 u/s 80C of Income Tax Act, 1961. Tax benefits are subject to conditions of Sec. 80C, Sec 10(10D) and other provisions of Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time Please consult your tax advisor for details, before acting on above. ICICI Pru LifeTime Classic UIN 105L155V01 ICICI Pru Unit Linked accidental Death Rider UIN 105A025V01
ICICI Pru Elite Life Super
*There is no upper cap on number of switches during the policy term.
**The Policyholder can have funds in only one of the Portfolio Strategies.
^The Company will allocate extra units as below provided all due premiums have been paid:
| Premium payment term |
Loyalty Additions |
Wealth Boosters |
|---|
| (End of year 6 and 7) |
(End of year 8 and onwards) |
(End of every 5th year, starting from the end of 10th policy year) |
|---|
| 5 years – 6 years |
0.10% |
0.10% |
1%
|
| 7 years – 9 years |
0.20% |
0.35% |
1% |
| 10 years and above |
0.20% |
0.35% |
1% |
| Single Pay |
0.30% |
0.30% |
1.5% |
- For single pay policies with a policy term of 5 years, a loyalty addition of 0.25% of the average of daily Fund Values, including Top-up Fund Value, if any, in that same policy year, will be payable at the end of the fifth policy year.
- Each Loyalty Addition will be a percentage of the average of daily Fund Values including Top-up Fund Value, if any, in that same policy year as mentioned in the table above.
- Wealth Boosters will be a percentage of the average Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
- Loyalty Additions and Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.
- The allocation of Loyalty Additions and Wealth Boosters is guaranteed and shall not be revoked by the Company under any circumstances.
- If the premium payment is discontinued any time after 5 years, the number of years for which premiums have been paid will be considered as the premium paying term for the purpose of deciding the Loyalty Additions & Wealth Boosters to be paid for the rest of the policy term as per the table above. ICICI Pru Elite Life Super UIN 105L156V01 ICICI Pru Unit Linked accidental Death Rider UIN 105A025V01
ICICI Pru Elite Wealth Super
*The Policyholder can have funds in only one of the Portfolio Strategies.
^The Company will allocate extra units as below provided all due premiums have been paid:
| Premium payment term |
Loyalty Additions |
Wealth Boosters |
|---|
| (End Of Year 6 And 7) |
(End Of Year 8 And Onwards) |
(End Of Every 5th Year, Starting From The End Of 10th Policy Year) |
|---|
| 5 years – 6 years |
0.10% |
0.10% |
1%
|
| 7 years – 9 years |
0.25% |
0.40% |
1% |
| 10 years and above |
0.25% |
0.40% |
2% |
| Single Pay |
0.40% |
0.40% |
1% |
- For single pay policies with a policy term of 5 years, a loyalty addition of 0.25% of the average of daily Fund Values, including Top-up Fund Value, if any, in that same policy year, will be payable at the end of the fifth policy year.
- Each Loyalty Addition will be a percentage of the average of daily Fund Values including Top-up Fund Value, if any, in that same policy year as mentioned in the table above.
- Wealth Boosters will be a percentage of the average Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
- Loyalty Additions and Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.
- The allocation of Loyalty Additions and Wealth Boosters is guaranteed and shall not be revoked by the Company under any circumstances.
- If the premium payment is discontinued any time after 5 years, the number of years for which premiums have been paid will be considered as the premium paying term for the purpose of deciding the Loyalty Additions & Wealth Boosters to be paid for the rest of the policy term as per the table above. ICICI Pru Elite Wealth Super UIN 105L157V01 ICICI Pru Unit Linked accidental Death Rider UIN 105A025V01
ICICI Pru Guaranteed Wealth Protector
*On Maturity, you will receive higher of Fund Value or Assured Benefit. Assured Benefit which will be 101% of total premium paid which is applicable only on maturity of the policy & does not apply on death or surrender.
**Loyalty Additions will be allocated as extra units at the end of every policy year, starting from the end of the sixth policy year, provided monies are not in Discontinued Policy (DP) Fund. 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. Loyalty Additions will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation. The allocation of Loyalty Addition units is guaranteed and shall not be revoked by the Company under any circumstances. Wealth Booster will be allocated as extra units at the end of the tenth policy year. Wealth Booster will be a percentage of the average of Fund on the last business day of the last eight policy quarters (1.50% for One pay and 3.25% for Five pay). Wealth Booster will be allocated between the funds in the same proportion as the value of total units held in each fund at the time of allocation. The allocation of Wealth Booster units is guaranteed and shall not be revoked by the Company under any circumstances. ICICI Pru Guaranteed Wealth Protector UIN 105L143V01
ICICI Pru SmartLife
*Under this benefit, following the date of death of the life assured, provided all due premiums have been paid, units equivalent to the installment premium will be allocated by the Company on the subsequent premium due dates. This benefit is not applicable for the One Pay option. On death of the Life Assured, the following conditions apply:
- The Fund Value including Top up Fund Value, if any, will remain invested in the respective funds and portfolio strategies as on date of death of the Life Assured.
- Only the Fund Management Charge and Policy Administration Charge will be levied. Units will be allocated as if Premium Allocation Charges are being deducted. Life Insurance Cover will not apply and mortality charges will not be deducted.
- The policy cannot be surrendered. No policy alterations will be allowed. The Nominee will not be eligible for making partial withdrawals, paying top up premiums, performing switches, renewing Automatic Transfer Strategy (ATS), redirecting premium, effecting a change in portfolio strategy, opting for settlement option, increasing or decreasing premium payment term, increasing or decreasing Sum Assured, increasing or decreasing policy term.
**Loyalty Additions are applicable from the 6th policy year onwards 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. 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. Wealth 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 policies and 1.5% for Single Pay policies of the average of the Fund Values. ICICI Pru SmartLife UIN 105L145V01
ICICI Pru SmartKid Solution with ICICI Pru SmartLife
*Under this benefit, following the date of death of the life asured, provided all due premiums have been paid, units equivalent to the installment premium will be allocated by the Company on the subsequent premium due dates. This benefit is not applicable for the One Pay option. On death of the Life Assured, the following conditions apply:
- The Fund Value including Top up Fund Value, if any, will remain invested in the respective funds and portfolio strategies as on date of death of the Life Assured.
- Only the Fund Management Charge and Policy Administration Charge will be levied. Units will be allocated as if Premium Allocation Charges are being deducted. Life Insurance Cover will not apply and mortality charges will not be deducted.
- The policy cannot be surrendered. No policy alterations will be allowed. The Nominee will not be eligible for making partial withdrawals, paying top up premiums, performing switches, renewing Automatic Transfer Strategy (ATS), redirecting premium, effecting a change in portfolio strategy, opting for settlement option, increasing or decreasing premium payment term, increasing or decreasing Sum Assured, increasing or decreasing policy term.
**Loyalty Additions are applicable from the 6th policy year onwards 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. 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. Wealth 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 policies and 1.5% for Single Pay policies of the average of the Fund Values.
^Tax benefits under the policy are subject to conditions under Sec. 80C and Sec 10(10D) of the Income Tax Act, 1961. Service tax and other applicable cesses will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. ICICI Pru SmartLife UIN 105L145V01
ICICI Pru Cash Advantage
*Guaranteed Cash Benefit is a regular payout which you will receive each month of the 10 year period, starting from the beginning of the payout phase. Your regular payout will be equal to 1 % of the Guaranteed Maturity Benefit. You can also chose to receive this payout every year instead of every month. In this case your regular payout will be 11.5% of Guaranteed Maturity Benefit. Guaranteed benefits are available only if all premiums are paid as per the premium paying term and the policy is in–force till the completion of entire policy term opted. Guaranteed Cash Benefit is payable at the beginning of each policy month during the payout term in case the cash benefit mode is monthly and at the beginning of each policy year during the payout term in case the cash benefit mode is annual.
**Reversionary bonuses may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. Contingent reversionary bonus may be declared every financial year and will accrue only when a policy is made paid-up or a fully paid policy is surrendered. Contingent reversionary bonus, if any, will be paid on maturity, surrender or earlier death. A terminal bonus may also be payable at maturity or on earlier death.
^Tax benefits as per prevailing tax laws. Tax laws are subject to amendment from time to time. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. ICICI Pru Cash Advantage Form No.: E10, UIN 105N132V01
ICICI Pru Savings Suraksha
*Guaranteed benefits are payable if all due premiums have been paid and the policy is in force. Guaranteed Additions (GAs) totaling 5% of GMB each year will accrue during the first five policy years if all due premiums are paid. GAs accrue on payment of due premium. Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on age, policy term, premium, premium payment term, sum assured and gender. Your GMB may be lower than your Sum Assured.
**Bonuses consist of vested reversionary bonuses, interim bonus and terminal bonus, if any. Reversionary bonus, if any, will be declared each year during the term of the policy starting from the first policy year.
^Tax benefits as per prevailing tax laws. Tax laws are subject to amendment from time to time. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. ICICI Pru Savings Suraksha UIN 105N135V01
ICICI Pru Future Perfect
*Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on age, policy term, premium amount, premium payment term and gender and may be lower than the Sum Assured on death. Guaranteed Additions (GA) is a percentage (%) of Annualized premium. During the premium payment term, GA will accrue on premium payment** and after the payment term GA will accrue at the beginning of the policy year where ** is for monthly premium frequency, ½th times GA will be accrued every month on premium payment. For half yearly premium frequency, 0.5 times GA will be accrued on premium payment. Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.
** Bonus includes Reversionary bonuses which may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus if any, may also be payable at maturity or on earlier death. If the policy offers guaranteed returns, then these will be clearly marked 'guaranteed'.
^Tax benefits as per prevailing tax laws. Tax laws are subject to amendment from time to time. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. ICICI Pru Future Perfect Form No. E21 UIN 105N153V01
ICICI Pru Easy Retirement
*On vesting, i.e. maturity, you will be entitled to the Assured Benefit or Fund Value whichever is higher and is payable provided all due premiums as per the premium payment term shown above are paid. Assured Benefit will be 101% of total premium paid which is applicable only on maturity of the policy and does not apply on death or surrender. Fund Value is the total value of the money that is invested in a fund of your choice.
**You can invest any available money in the form of Top ups in this policy provided all due premiums have been paid. The provision to pay Top ups will be available up to five years prior to your original or postponed vesting date . The minimum amount of Top up is Rs. 2000.
^On completion of the 10th policy year and on completion of every 5th policy year thereafter, there will be a guaranteed Pension Booster, provided at least five years’ premiums have been paid. This will be equal to 5% of the average daily total Fund Value over the preceding 12 months. The guaranteed Pension Boosters will be allocated between Easy Retirement Balanced Fund and Easy Retirement Secure Fund in the proportion of the values of total units held in each fund at the time of allocation. Pension Boosters will be made by allocation of extra units. Pension boosters shall not be taken back under any circumstances. ICICI Pru Easy Retirement UIN 105L133V02
ICICI Pru Immediate Annuity
*Tax benefits are subject to conditions of section 80CCC,10(10A) and other provisions of the Income Tax Act, 1961. Indirect taxes and cesses will be charged extra, as per applicable rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above. ICICI Pru Immediate Annuity UIN 105N009V11
ICICI Pru Group Plans
ICICI Pru Loan Protect 105N142V01, ICICI Pru Loan Protect Plus 105N150V01, ICICI Pru Group Term Plus 105N119V04, ICICI Pru Group Gratuity 105L023V03, ICICI Pru Group Superannuation 105L024V02, ICICI Pru Group Leave Encashment Plan 105L039V01, ICICI Pru Group Superannuation 105L024V02, ICICI Pru Group Loan Secure 105N152V02, ICICI Pru Group Insurance Scheme for Pradhan Mantri Jeevan Jyoti Bima Yojana 105G146V01
ICICI Pru Rural Plans
ICICI Pru Sarv Jan Suraksha 105N081V03, ICICI Pru Anmol Bachat 105N139V02
W/II/2056/2018-19
