1The insurance company will allocate extra units as ‘loyalty additions’ and ‘wealth boosters’, provided all due premiums have been paid. Please refer to the sales brochure for payout grid under each benefit. For single pay policies with a policy term of 5 years, a loyalty addition of 0.25% of the average of daily Fund Values, including Top-up Fund Value, if any, in that same policy year, will be payable at the end of the fifth 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. Wealth Boosters will be a percentage of the average Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters. Loyalty Additions and Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.
2The policyholder can have funds in only one of the four portfolio strategies.
3Tax 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.
4Trained specialists refer to ‘Specified Persons’ as defined under Sec 2 (p) of IRDAI (Registration of Corporate Agents) Regulations, 2015.
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. It does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. 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 and it does not constitute an offer, recommendation, solicitation to enter into any transaction. 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: 105L156V01 ADVT No: W/II/2276/2018-19
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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.