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.
?Interest 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.
^^Data regarding AUM is as per Annual Report of the Company for FY2022
`Average turnaround time for non-investigated retail death claims from receipt of last requirement as per Annual report for FY2022
^Guaranteed Additions (GAs) rate will be 9% for policy term of 10 years and 10% for policy term of 15 years. GAs will be added to the policy at the end of
every policy year if all due premiums have been paid. Each GA will be calculated as GA rate multiplied by the total premiums paid till date (excluding extra mortality
premiums, Goods & Services Tax and Cess (if any)).
~Guaranteed Maturity Benefit (GMB): Your GMB will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.
*Tax benefits of ?46,800 u/s 80C is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge) on life insurance premium u/s 80C of
?1,50,000. 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. Good and
Service tax and Cesses, if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other
applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before
acting on above.
#Calculated for a 30-year-old female, with a premium of ₹ 50000 p.a. for a 5 Pay 15 Stay option, in 30% tax bracket. 2.4X savings
takes tax-savings into account. She gets a deduction tax benefit of ₹ 15600 per year by claiming deduction under section 80C on her premium paid of
₹ 50000/- per year. In total she pays ₹ 250000 over 5 years get the maturity value of ₹ 5,31,823 along with
₹ 78,000& as Tax Savings totaling to ₹ 6,09,823, thus 2.4X savings.
&Tax benefit of ₹ 78,000 is calculated at the highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium
u/s 80C of ₹ 150000/- & ₹ 78000/- is sum total of tax benefit of ₹ 15600 for 5 years assuming person falls under
30% bracket in all the 5 years. Further, tax benefits under the policy are subject to conditions under Section 80C, 10(10D), Sec 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 details.
1Calculated for a 29-year-old healthy male with a premium paying term of 7 years and a policy term of 15 years. The premium shown is exclusive of taxes and on
completion of the policy term, ₹ 8,58,700 will be paid. The mentioned benefit is payable 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.
4Calculated for a 47-year-old healthy male with a premium paying term of 7 years and a policy term of 15 years. The premium shown is exclusive of taxes and on
completion of the policy term, ₹ 16,39,662 will be paid. The mentioned benefit is payable 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.
5Calculated for a 20-year-old healthy female with a premium paying term of 5 years and a policy term of 15 years. The premium shown is exclusive of taxes and
on completion of the policy term, ₹ 10,76,971 will be paid. The mentioned benefit is payable 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.
8Premium recommendation is based on age and annual income while the returns is derived basis age and gender of the existing customer, pre-populated from the
information provided at the time of previous policy purchase.
++All life Insurance policies purchased from October 12,2020 to March 31,2021 are eligible for the Leave Travel Concession (LTC) Cash voucher scheme.
$$The returns are derived basis age, gender and premium entered by the customer, pre-populated from the information provided at the time of filling the
personal details in the calculator.
%58.1 mn lives covered across our individual and group customers as per ICICI Prudential Life Council Report
Comp code (Why Choose ICICI Prudential Life) - COMP/DOC/Jan/2022/251/7289
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. ICICI Pru Assured Savings Insurance Plan UIN:105N144V09. Advt. No.:
W/II/2204/2022-23.
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.
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