Entry Age (years)
Minimum
18
Maximum
65
Maximum Maturity Age (years)
75
Policy Variants
Option 1: Sum Assured
Option 2: Sum Assured + Accident Death Benefit Rider (sum asured equal to base plan sum assured subject to a maximum limit of Rs 50 lakh)
Minimum Premium (Rs)
Yearly
3000
Premium Payment Frequency
Regular pay (yearly), one pay option for 5 and 10 year policy terms
Premium Payment Term
Equal to policy term or Single
Policy Cover
Cover remains fixed for the tenure of the policy
Other Features
Free Look Cancellation
In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period
You are allowed to pay premiums within 30 days from the due date. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.
Lapsed Policy Reinstatement
You can reinstate your lapsed policy any time (within 2 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any.
Tax Benefits
Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for Dread Disease Rider may qualify for deduction under Section 80D of the Income Tax Act, 1961.
Exclusions
In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Surrender Value
70% x Single Premium x (Number of complete policy years outstanding / Policy term)
Customer Service
Address
ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600
Call On
18602667766 between 9 am to 9 pm; Monday to Saturday (except National holidays)
SMS
SRV to 56767
Available Rider(s)
Accidental Death Benefit Rider (ADB): covers death due to accident
