Disclaimers for Life Cover

~This is applicable for only base life cover with regular pay option and not additional benefits, provided minimum policy term (which is 5 years) is left at the time of exercising this feature.

^#' With Increasing Income Benefit, the nominee receives pay out increasing by 10% simple interest every year for 10 years. There will be a total increase of 45% on initial life cover chosen. It is one of the many variants that the product offers and you can opt for it based on your individual needs.

^#" Life stage benefit gives you an option to increase the cover after Marriage (50% increase), 1st (25% increase) & 2nd (25% increase) childbirth, without any medicals. Additional premium will be calculated based on the increased life cover and remaining policy term as per your age at the time of each such increase.

**Subject to realization of payment and documents. Your  required details with ICICI Bank will be used after your consent. Policy can be purchased in 3 steps after quote generation: 1. Filling basic details 2. Answering health related questions 3. Premium payment

^{^}Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

^{^*}Our Life insurance policies COVID-19 claims, subject to applicable terms and conditions of policy contract and extant regulatory framework.

^{^^}Accelerated Critical Illness Benefit is optional and is available under Life and Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. The ACI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the ACI Benefit paid. The future premiums payable under the policy will reduce proportionately. If ACI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the ACI Benefit. To know more in detail about CI Benefit, terms & conditions governing it, kindly refer to sales brochure. Critical Illness benefit is available till age of 75.

~'ICICI Pru iProtect Smart has been adjudged "Customer Service Company of the Year” by India Insurance Summit & Awards 2020

~~Tax benefits of Rs. 54,600(Rs. 46,800 u/s 80C & Rs. 7,800 u/s 80D) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge as per old tax regime)on life insurance premium u/s 80C of Rs. 1,50,000 and health premium u/s 80D of Rs. 25,000. Tax benefits subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service 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

'Our claim settlement ratio for FY 2018–19 is 98.6%. This is computed basis individual claims settled over total individual claims for the financial year. For details, refer to the Annual Report for FY2018-19 on ICICI Prudential Life Insurance website.

² The premium amount has been personalized for you for a life cover of ₹1 crore, lumpsum payout option, inclusive of all taxes (assuming you are a non-smoker) under ICICI Pru iProtect Smart –Life Option with 75- age policy term. You can choose policy term up to age 99 years. The policy term has to be chosen at policy inception. Accidental Death Benefit term will be equal to the policy term or (80-Age at entry), whichever is lower.

³ Refer the product brochure for the definitions, exclusions and other terms and conditions applicable for Terminal Illness and Permanent Disability due to accident.

⁵ Day 1 is counted from the day of receiving the last document. One day claim settlement applicable only if all due premiums in the policy have been paid and the policy has been active for a continuous period 3 years, total claim amount should not exceed 1.5 crore and claim does not require any investigation. Mandatory documents need to be submitted at Branch Office before 3pm on a working day- Original policy certificate, copy of death certificate 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, Panchanama, Inquest report, Driving license. Interest will be paid for every day of delay beyond one 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.

⁶ICICI Pru iProtect Smart has won “Product of the Year 2019” award in Life insurance category in a survey of over 2800 people by Nielson across categories.

^6" Savings in yearly mode of premium payment are in the form of Modal Loadings. For monthly and Half-yearly mode of premium payment, modal loadings are 2.5% and 1.25% respectively

⁷The average TAT for settling a claim is 2.34 days. This is calculated from the last document received to payment disbursal date for non-investigated claims.

^7' ICICI Pru iProtect Smart offers flexible pay out options- Income, Lump sum, Regular Income + Lump sum & Increasing Income benefit. It is one of the many variants that the product offers and you can opt for it based on your individual needs.

⁸ 31,869,345 lives covered across our individuals and group customers as per ICICI Prudential Q4 FY20 Report (L25 i and L25 ii). Please refer to Public Disclosure section on ICICI Prudential website for more details.

^vIndia ranks first in the number of road accident deaths as per the WHO global report on road safety 2018. 

^kAccording to the Global Disease burden study conducted by the India State-level Disease Burden Initiative, between the years 1990 and 2016, Indians recorded a 50% increase in ischemic heart disease and stroke, 2.5 times increase in diabetes, almost 100% increase in the number of chronic obstructive lung disease cases and 100% increase in the contribution of cancers to total health loss. 

^oAccidental Death benefit is up to Rs 2 crore (Subject to underwriting guidelines). It is optional and available in Life Plus and All in One options. Accidental Death Benefit term will be equal to the policy term or (80-Age at entry), whichever is lower. 

^eThe daily premium amount of Rs 14 is for a 25 year old healthy female for a life cover of Rs 1 Crore & policy term of 15 years under ICICI Pru iProtect Smart - Life Option with Lumpsum payout. The annual premium is Rs 5288 (exclusive of all taxes). It is one of the many variants that the product offers and you can opt for it based on your individual needs.

^wRoad traffic injuries are the leading cause of death for children and young adults aged 5–29 years as per the WHO global report on road safety 2018. 

^zThe premium is for a 25 year old healthy male for a life cover of Rs 1 crore, critical illness benefit of Rs 20 lakh & policy term of 15 years under ICICI Pru iProtect Smart with Lumpsum payout. The annual premium is Rs 7481 (exclusive of all taxes). It is one of the many variants that the product offers and you can opt for it based on your individual needs. 

^##Term life insurance of Rs 50 lakh at Rs 10 per day - The premium is for a 30 year old healthy male for a life cover of ₹50 Lakh & policy term of 15 years under ICICI Pru iProtect Smart - Life Option with Lumpsum payout. The annual premium is ₹3674 (exclusive of all taxes). It is one of the many variants that the product offers and you can opt for it based on your individual needs.

^aThe percentage saving is for ICICI Pru iProtect Smart for Rs 1 Crore life cover for a 30 year old healthy male non-smoker for a policy term of 55 years and limited pay term of 10 years with lumpsum payout option. The annual premium will be Rs 41454 & the monthly premium will be Rs 3540. The premium amounts are inclusive of taxes. The percentage saving computed is purely in terms of premium paid over the policy term (Difference between Limited and Regular pay) of the policy and does not account for time & other factors that may happen during this period. It is one of the many features that the product offers and you can opt for it based on your individual needs.

Save on premium by buying before your birthday - The savings amount displayed on your personalized premium is equal to the difference in your premium at your current age vs the increased premium after your upcoming birthday. This calculation does not account for time & other factors that may happen during this period.

""Term insurance rates may increase subject to regulatory approvals

ICICI Pru iProtect Smart. UIN: 105N151V06. ADVT No. L/II/3432/2021-22

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. 

© 2016, ICICI Prudential Life Insurance Company Limited. Registered Office Address: - ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to purchase any products/services of ICICI Bank and is not intended to create any rights and obligations. Tax benefits under the policy are subject to conditions under the provisions of the Income Tax Act, 1961. Goods & Services Tax and Cesses, if any, will be charged extra as per prevailing rates. The tax laws are subject to amendments from time to time. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. For more information about the product you can reach out to our Phonebanking Officers. To know the Phonebanking numbers in your city, please click here. 

ICICI Bank Limited ("ICICI Bank") with Registered Office located 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.

Terms and Conditions of ICICI Bank at www.icicibank.com and terms and conditions of third parties apply. ICICI Bank is not responsible for third party products, goods, services and offers. ICICI Prudential Life Insurance Company Limited (ICICI PruLife). IRDAI Regn No. 105. CIN:L66010MH2000PLC127837

© 2016, ICICI Prudential Life Insurance Company Limited. Registered Address: ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. 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).Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under licence. COMP/DOC/Feb/2019/12/2022.

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 Reg No.: CA0112 valid till 31/03/2022) of 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. Customer care number 18601207777. Customer care Email ID: customer.care@icicibank.com

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• 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.