1 Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on policy term, premium, premium payment term, Sum Assured on death and gender. Your GMB may be lower than your Sum Assured on death.
2 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.Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.
* Reversionary bonuses may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonuses will be applied through the compounding bonus method. All reversionary bonuses will be declared as a proportion of the sum of the GMB and the vested reversionary bonuses, if any. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus may also be payable at maturity or on earlier death.
3 Death Benefit is Highest of (Sum Assured plus Bonuses plus accrued Guaranteed Additions, Guaranteed Maturity Benefit (GMB)plus Bonuses plus accrued Guaranteed Additions, Minimum Death Benefit).
4 Tax benefits under the policy are subject to conditions u/s 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Other applicable taxes will be charged extra as per prevailing rates. The user/investor needs to verify all the facts and circumstances with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information. Tax laws are subject to amendments from time to time.
Standard Chartered Bank, India having its corporate office at Crescenzo Building C-38/C-39 G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 is a licensed Corporate Agent of ICICI Prudential Life Insurance Company Limited (IRDA registration no. 105) for life insurance products vide license number CA0028.The benefits/ features of the products are indicative only. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding sale. Insurance is the subject matter of solicitation. Insurance is underwritten by ICICI Prudential Life Insurance Company Limited. Participation of the customers of Standard Chartered Bank in the policy is entirely voluntary.
The content of this webpage do not constitute a contract of insurance and reference should be made to the policy document for the exact terms and conditions applicable to the insurance policy. All insurance products described in this webpage are products of and underwritten by ICICI Prudential Life Insurance company Limited and not Standard Chartered Bank, India. In facilitating insurance arrangements, the Bank is acting as a corporate agent of the insurer and not as an agent for customers. This webpage is being distributed for general information only. This webpage has not been prepared for any particular person or class of persons and it has been prepared without regard to the specific investment or insurance objectives, financial situation or particular needs of any person.
ICICI Prudential Life Insurance Company Limited – ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025. IRDA Registration No.105. CIN:L66010MH2000PLC127837. Phone: 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India) UIN: 105N135V02 ADVT No: W/II/2692/2020-21
BEWARE OF SPURIOUS/ FRAUD PHONE CALLS!
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.