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What is 'Renewal Premium Payment'?

‘Renewal Premium Payment’ is the amount you need to pay every year to continue the benefits offered under your policy.

  • If you make your payments after 3:00 pm, you will receive the Tax/Premium Paid Certificate on the next day
  • The company provides premium receipts one day after the premium due date. The premium payment receipt can be used as an investment proof to avail tax benefits
  • If you do not pay the premiums within the grace period, the life insurance policy lapses and the benefits under the policy stop

Comp/doc/Jan/2018/0763.



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© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.

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.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
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.
irdai cautions public against spurious calls and FICTITIOUS offers