A discount of 5% on the first year’s premium will be offered on purchase of ICICI Pru Heart /
Cancer Protect when life assured and his/ her spouse is covered under the same policy. The
policy benefits of both the Lives Assured shall be independent of each other. The Sums
Assured of both the lives could be different. A claim made by one Life Assured under the
policy does not affect benefits of other Life Assured. This Family benefit has to be chosen
at the inception of the policy only, spouse cannot be added once the policy is issued. This
discount is not applicable on Single Pay Policy. With one policy, you can avail either
Family Benefit or Loyalty Benefit.
Existing customer discount of 5% on the first years premium is available only for
policies with Regular Premium Payment Option, it is not applicable for Single pay
policies. With one policy, you can avail either Family Benefit or Loyalty Benefit.
Hospital Benefit: You will get daily hospital cash benefit provided you get hospitalized
for a continuous stay of 24 hours, due to any of the listed conditions under your chosen
cover.
With Increasing Income Benefit, the Sum Assured chosen at inception increases by 10%
simple interest on each policy anniversary, for every claim free year. The maximum Sum
Assured under the cover will be capped at 200% of the Sum Assured chosen at inception.
This increase in Sum Assured will stop on occurrence of first claim under the cover.
Where Cancer cover and Heart cover are chosen together, the Sums Assured for both the
covers increase by 10% simple interest on each policy anniversary, for every claim free
year. The maximum sum assured will be capped at 200% of the Sum Assured chosen at
inception for each type of cover. In case of occurrence of first claim under any one
type of cover, the increase in Sum Assured will stop for that cover type and Increasing
Cover Benefit will continue for the other type of cover, for which no claim has
occurred.
Under the Income Benefit, the Sum Assured has to be chosen at inception of the plan. An
amount equal to 1% of the Sum Assured chosen at inception will be paid to the
policyholder each month, for a period of 5 years upon a valid claim under any of the
listed Major conditions. Where the Cancer cover and Heart cover are taken together, pay
out under Income Benefit will be triggered for only that cover for which a claim of
Major condition is registered and all Benefits through other cover remains unaffected.
#A lump sum is paid out on diagnosis of any
of the listed conditions. This payout is based on the level of the condition. In any
case, the total payout in the policy cannot exceed 100% of the Sum Assured of the cover
selected. Please refer to the sales brochure to know about the payouts at different
level of condition.
**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.
All premium amounts mentioned above are inclusive of taxes.
© 2016, ICICI Prudential Life Insurance Company Limited. Registered Office Address :-
ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Insurance
is the subject matter of the solicitation. For more details on the risk factors, terms
and conditions, please read the sales brochure carefully before concluding a sale. Call
us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid
only for calls made from India) and on +91-22-6193-0777 (Valid for calls made from
outside India) (10am-7pm (IST), Monday to Saturday, except national holidays). Tax
benefits under the policy are subject to conditions u/s 80D of the Income Tax Act, 1961.
Goods & Services Tax and Cesses, if any, will be charged extra as per prevailing rates.
Tax laws are subject to amendments from time to time. ICICI Pru Heart / Cancer Protect
Form No.: T48, T49, UIN 105N154V03. Advt. No.: W/II/0065/2017-18
ICICI Bank Limited ("ICICI Bank") with registered office at ICICI Bank Tower, Near Chakli
Circle, Old Padra Road, Vadodara, 390 007, Gujarat (CIN: L65190GJ1994PLC021012) is a
corporate agent (Composite, IRDAI Regn No. : CA0112 valid till 31/03/2022) of ICICI
Prudential Life Insurance Company Limited ("ICICI Prulife"). Insurance is underwritten
by ICICI Prulife. Purchase by ICICI Bank’s customer of any insurance products is purely
voluntary, and is not linked to availment of any other facility from ICICI Bank.
The products, services and benefits referred to here in are subject to terms and
conditions governing them as specified by ICICI Prulife from time to time. ICICI Bank
shall not be liable or responsible for any loss resulting from insurance company's
products/ services.
Time limit on the validity:Subject to applicable laws, all the information given
above is valid for the term of the policy purchased.
