Disclaimer

Terms & Conditions

^{^}The premium of ₹ 490 per month has been calculated for a 25 year old healthy non-smoker male for a life cover of ₹ 1 crore and for a policy term of 21 years under the ICICI Pru iProtect Smart – Life option. This premium is inclusive of all taxes. The annual premium is ₹ 5,725 (inclusive of all taxes). Premium amount will differ according to the benefit option chosen.

^~Tax benefit of ₹ 54,600 (₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D) 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, before acting on above.

^# One day claim settlement is only applicable in case of death claim.

⁺One day is counted from the day of receiving the last document. Interest will be paid on the claim amount for every day of delay beyond 1 working day. 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.

One day claim settlement applicable only if:

• Policies active since 3 years : All due premiums in the policy have been paid and the policy has been active for a continuous period of 3 years
• Mandatory claim documents submitted: Mandatory document to be submitted at Branch Office before 3pm on a working day- Original policy certificate, Copy of death certificate issued by local authority, 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, Postmortem report, Driving license.
• Total claim amount less than or equal to 1.5 cr
• No claim investigation required

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. IRDAI Regn no. 105. CIN: L66010MH2000PLC127837. Regd Address: ICICI Prudential Life Insurance Company Limited, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under licence.