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#The critical illness benefit is an accelerated benefit
and 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.
**Tax benefit of Rs 54,075 is calculated at highest tax
slab rate of 30.9% (including Cess) on insurance premium u/s 80C/80CCC of Rs 1,50,000
and health premium u/s 80D of Rs 25,000. Tax benefits under the policy are subject
to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Service
tax and Swach Bharat cess and other applicable cesses will be charged extra as per
applicable rates. Tax laws are subject to amendments from time to time.
2The non-medical limit depends on age(upto 50 yrs) & health
status.
3Tax benefits are subject to conditions of section 80C,
80CCC, 80D, 10(10D) and 10(10A) of the Income Tax Act, 1961 and are subject to amendments
made thereto from time to time. Service Tax and Swach Bharat cess and other applicable
cesses will be charged extra as per applicable rates.
4Premiums paid under policy are eligible for tax benefit
under Section 80CCC and commutation is tax free under section 10(10A) of the Income
Tax Act, 1961. On commutation you can receive up to one third of the accumulated
value
5Available only in Life Plus and All in One option
6Available only in Life Option
7The Maximum equity exposure in this plan will be 60% or
45% depending on your age at entry. Over the time period, allocation to the equity
will gradually decrease in order to provide capital protection
88On Maturity, you will receive higher of Assured Benefit
or fund value.
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
9Each Loyalty Addition will be equal to 0.25% of the average
of the Fund Values including Top-up Fund Value, if any, on the last business day
of the last eight policy quarters. An additional Loyalty Addition of 0.25% is paid
every year from the end of year 6 if all premiums for that year have been paid.
Each Wealth Booster will be a percentage of the average of Fund Values including
Top-up Fund Value, if any, on the last business day of the last eight policy quarters
as shown in the table below.
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Premium Payment option
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Wealth Booster
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One Pay
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1.50%
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Limited Pay and Regular Pay/ five pay(for GWP)
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3.25%
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10 Wealth booster - Each addition will be equal to 1% of
the percentage of the average of the Fund Values including Top-up Fund Value, if
any, on the last business day of the last eight policy quarters.
11A Loyalty Addition will be allocated at the end of every
policy year starting from the end of the sixth 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 shown in the table below.
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Year
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Loyalty Addition
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6 to 10
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0.30%
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11 onwards
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0.50%
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An additional loyalty addition of 0.25% is paid every year from the end of year
6 if all premiums for that year have been paid. For Wealth Boosters, each addition
will be equal to 1.50% of the percentage of the average of the Fund Values including
Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
12Each 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 shown in the table below.
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Year
|
Loyalty Addition
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6 to 10
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0.40%
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11 onwards
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0.60%
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An additional loyalty addition of 0.25% is paid every year from the end of year
6 if all premiums for that year have been paid. The additional loyalty additions
will also be calculated as described above.
13 Guaranteed cash benefit will be equal to 1 % of the
GMB. Bonuses consist of vested reversionary bonuses, interim bonus and terminal
bonus, if any This 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 GMB. 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 GMB.
14 Bonuses consist of vested reversionary bonuses, interim
bonus and terminal bonus, if any
15 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.
Condition Apply:
Guaranteed benefits are available only if all premiums are paid as per the premium
payment term and the policy is inforce till the completion of entire policy term.
ICICI Prudential Easy Retirement - On vesting, i.e. maturity, the Policyholder will
be entitled to the Assured Benefit or Fund Value including Top up Fund Value, if
any, whichever is higher.
It 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. Bonuses
consist of vested reversionary bonuses, interim bonus and terminal bonus, if any
Disclaimer :
ICICI Securities Limited with its registered office at ICICI Centre, H.T. Parekh
Marg, Churchgate, Mumbai 400020 is a corporate agent (COR No: CA0113) of ICICI Prudential
Life Insurance Company Limited. Insurance is underwritten ICICI Prudential Life
Insurance Company Limited. ICICI Securities Limited customers' participation in
the policy is entirely voluntary.
The contents herein above shall not be considered as an invitation or persuasion
to trade or invest. Investors should make an independent judgment with regards to
the suitability, profitability and fitness of any service offered herein above ICICI
Securities Limited (I-Sec) and affiliates accept no liabilities for any loss or
damage of any kind arising out of any actions taken in reliance there on.
The information contained herein is strictly confidential and meant for solely selected
recipient and may not be altered in anyway, transmitted, to copied or distributed
in part or in whole to any other person or to media or reproduced in any other form
or format without prior written consent of I-Sec. The contents of this mail are
solely for informational purpose & may not be used or considered as an offer document
or solicitation of offer to buy or sell or subscribe for securities or other financial
instruments or any other product. While due care has been taken in preparing this
mail. I-Sec and affiliates accept no liabilities for any loss or damage of any kind
arising out of any inaccurate, delayed or incomplete information not for any actions
taken in reliance there on. This mail is not directed or intended for distribution
to use by, any person or entity who is a citizen or resident of or any located in
locality, state country or other jurisdiction where such distribution, publication,
availability or use would be contrary to law regulation or which would subject I-Sec
and affiliates to any registration or licensing requirement within such jurisdiction.
Important points for Unit Linked Insurance Plans:
On surrender after completion of five years, the surrender value will be the Fund
Value including Top up Fund Value, if any. Unit linked Insurance products do not
offer any liquidity during the first five years of the contract. The Policyholder
will not be able to surrender/withdraw the monies invested in unit linked insurance
products completely or partially till the end of the fifth year.
Unlike traditional products, unit linked insurance products are subject to market
risk, which affect the Net Asset Values and the customer shall be responsible for
his/her decision. The names of the Company, product names or fund options do not
indicate their quality or future guidance on returns. Funds do not offer guaranteed
or assured returns.
General disclaimers (for ULIPs and Non-ULIPs)
ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN:L66010MH2000PLC127837.
© 2015, ICICI Prudential Life Insurance Co. Ltd Registered Address: - ICICI Pru
Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Insurance is
the subject matter of the solicitation. For more details on the risk factors, term
& conditions please read sales brochure carefully before concluding the sale. Call
us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays. Valid
only for calls made from India).
If you are not satisfied with the policy, you may cancel it by returning the policy
document to the Company within:
- 15 days from the date you received
it, if your policy is not purchased through Distance marketing*
- 30 days from the date you received
it, if your policy is purchased through Distance marketing*
On cancellation of the policy during the free look period, we will return the premium
paid subject to the deductions as mentioned in the terms and conditions of the respective
product brochures.
The policy shall terminate on payment of this amount and all rights, benefits and
interests under this policy will stand extinguished.
*Distance marketing includes every activity of solicitation (including lead generation)
and sale of insurance products through the following modes:
- Voice mode, which includes
telephone-calling
- Short Messaging service
(SMS)
- Electronic mode which includes
e-mail, internet and interactive television (DTH)
- Physical mode which includes
direct postal mail and newspaper & magazine inserts and
- Solicitation through any
means of communication other than in person.
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BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
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IRDAI clarifies to public that
- IRDAI or its officials do not involve in activities like sale of any kind of insurance
or financial products nor invest premiums.
- IRDAI does not announce any bonus. Public receiving such phone calls are requested
to lodge a police complaint along with details of phone call, number.
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ICICI Pru iCare II,UIN:105N140V01,Form No:T38, T39andT41 ; ICICI Pru Guaranteed
Wealth Protector,UIN:105L143V01,Form No:U98, U99 ; ICICI Pru Savings Suraksha,UIN:105N135V01,Form
No:E11,E12 ; ICICI Pru Cash Advantage,UIN:105N132V01,Form No:E10:ICICI Pru Elite
Life II,UIN:105L141V01,Form No:UA1, UA2:ICICI Pru Elite Wealth II,UIN:105L140V01,Form
No:UA3,UA4:ICICI Pru Wealth Builder II,UIN:105L139V01,Form No:UA5,UA6:ICICI Pru
Easy Retirement,UIN:105L133V01,Form No:U96: UIN of ICICI Pru iProtect : 105N110V02
Form No:T24,T25,T26 & T27; ICICI Pru Smart Life,UIN:105L145V01,Form No:UA8, UA9;
ICICI Pru iProtect Smart: Form No.: T46, T47. UIN: 105N151V02.
The contract of insurance is with ICICI Prudential Life Insurance Company Limited,
who is liable for all valid claims on the policy. ICICI Securities Ltd customers
participation in the policy is entirely voluntary. Advt No: W/II/0979/2016-17.