Additional Benefits of Advantage Woman Savings Account

Attractive Recurring deposit plan


We have a special variant with zero Monthly average balance requirement on Opening a RD linked with your Savings Account for a minimum amount of Rs. 2000 with an option to transfer the proceeds to a Tanishq Jewellery card at maturity*(discontinued with effect from 23rd July 2018).

 

This is how it works:

  • Open a RD linked with your Savings Account
  • Provide Standing instructions for transfer of monthly RD installment from your Savings Account
  • Earn interest on RD at the applicable rate for 1 year for example 7.75%**
  • On maturity the proceeds of your RD will be transferred to a Tanishq Jewellery card as per your instructions.*
  • Present this Tanishq Jewellery card at any Tanishq out let to make the payment while purchasing Tanishq Jewellery and avail 80% of monthly installment amount as discount which is inclusive of interest earned on the RD .
  • You can continue to enjoy the zero balance facility by opening a new RD of Rs. 2,000 and above.
  • Zero Balance facility shall continue till such time the RD installments are being paid from the linked savings account. Upon maturity of RD, and in order to continue with zero balance facility a new RD is to be opened every time the existing RD matures.
  • If the new RD is not created, condition of MAB will apply.

You also have an option to choose a regular variant with Rs. 10K monthly average balance requirement without opening a RD. All the benefits of Advantage woman Savings account will be offered to this variant.

 

* You can change the maturity instructions and move the proceeds to your linked Savings Account, anytime up to maturity.

* Even after maturity if you do not want to re-invest in the scheme, the available balance in the Tanishq Jewellery card can be moved to your linked savings account.

**Interest rates are subject to change.

 

Disclaimer:

Terms and conditions of ICICI Bank and third parties apply. ICICI Bank is not responsible for third party products, goods, services and offers.

iProtect Smart


You have an option to avail iProtect Smart Life Cover along with your Advantage Woman Savings Account.

  • ICICI Prudential’s iProtect Smart Life Cover provides protection against death, critical and terminal illness as well as disability along with following benefits:
    • Coverage against 34 critical illnesses* including female organ cancers such as breast cancer and cervical cancer
    • Additional cover on death due to accident
    • Tax benefits under Section 80C and 80D*
  • Benefit of ₹4 Lakh and ₹3 Lakh each for ladies aged 21 to 35 and 36 to 50 years respectively, starting at a monthly premium of ₹200, as explained here

Corporate Agency disclaimer: ICICI Bank Limited ("Bank") with registered office at Landmark, Race Course Circle, Vadodara 390 007, is licensed as a corporate agent (license no.: 2470377) of ICICI Prudential Life Insurance Company Limited (‘ICICI Prulife’) having its registered office at ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Insurance is underwritten by ICICI Prulife. Bank's customer participation in the policy is entirely voluntary

 

# The Critical Illness Benefit is accelerated and not an additional benefit which means, the policy will continue with the Death Benefit reduced by the extent of the Critical Illness Benefit paid.To know more about the illnesses which are covered, please refer to the sales brochure.
* 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 Swachh Bharat cess will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time.

 

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

 

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.

Money Multiplier Plan


Let Your Money Multiply

 

The Money Multiplier feature gives you the liquidity of a Savings Account coupled with high earnings of a Fixed Deposit. This is achieved by creating a Fixed Deposit linked to your Savings Account providing you the following unique facilities.

 

Maximum Returns

 

Your money is never idle. Creation of a linked FD ensures higher rate of interest on your Savings Bank Deposits. You can issue instructions through any channel such as the ICICI Bank Branch, ICICI Bank Phone Banking and ICICI Bank's Internet Banking for creation of Fixed Deposit(s) from the surplus funds in your Savings Bank Account (subject to a minimum of Rs. 10,000). The Fixed Deposits will be created in multiples of Rs. 5,000 for a tenure of one year or more as instructed by you.

 

Maximum Liquidity

 

You can withdraw the funds from your savings account through any channel such as the ICICI Bank ATM, ICICI Bank Internet Banking or by issuing a cheque. etc. All linked Fixed Deposits will be enabled for automatic Reverse Sweep in multiples of Rs. 5000 on a Last-In-First-Out (LIFO) basis when the balance in the Savings Account falls below Rs.10,000. The amount reverse swept will earn interest rates at the applicable rate for the period that the deposit was held with the bank less applicable premature withdrawal penalty. The remaining amount will continue to earn higher interest at the original rate applicable to the fixed deposit.

 

Auto-Renewal

 

Under this facility, when your deposits fall due, the bank will automatically renew the principal and accrued interest for the same tenure as the original deposit.