1) The policy offers a Fixed Sum Assured(lump sum payout) as defined below for each of the benefits:
a. Vital Care benefit: Policyholder has option to choose Vital Care Sum Assured at the time of policy inception. On diagnosis of covered minor critical illness, a fixed % of Vital care Sum Assured will be payable and on diagnosis of covered major critical illness, 100% of the available Vital care Sum Assured will be payable. Upon termination of the Vital Care Benefit, the Policy shall continue only for a few specific Surgical Procedures for a period of 365 days (within the Coverage Term) commencing from the date of diagnosis of the Condition which led to exhaustion of the Vital Care Sum Assured. There is a waiting period of 90 days under this benefit.
b.Surgical Care benefit: This will be fixed at 50% of the Vital Care Sum Assured chosen at inception. On undergoing covered surgery ,either 100% or 40% of the Surgical Care Sum Assured is payable, depending upon the surgical procedure done and the Surgical Care benefit will terminate. The percentage of the Surgical Care Sum Assured payable for each surgery is specified in the policy document. Please refer to the policy document for more details.. Policy will continue with rest of the applicable benefits with premiums reduced to the extent of surgical care benefit premiums. There is a waiting period of 90 days under this benefit.
c.Maternity Care benefit: This will be fixed at 25% of the Vital Care Sum Assured chosen at inception. On diagnosis of a covered pregnancy complication or newborn congenital illness, 100% of the Maternity care Sum Assured is payable and Maternity care benefit terminates. Policy will continue with rest of the applicable benefits with premiums reduced to the extent of Maternity care benefit premiums. The Maternity Care benefit shall also terminate if the Vital Care benefit terminates. There is a waiting period of 365 days under this benefit.
2) The premiums are guaranteed to remain fixed for the entire premium payment term of this product. However, when a claim is made under the Surgical care benefit or the Maternity care benefit, the premiums will be reduced to the extent of the surgical care benefit premiums or maternity care benefit premiums. Also, In case discount is applicable on 1st year premium, the premiums from 2nd year onwards will change accordingly.
3) ICICI Pru Wish is the first plan in insurance industry to offer women specific health coverage with premium guarantee for upto 30 years.
4)You can avail a one-year Premium Sabbatical during the Premium Payment Term. This option allows to skip premium payable for one Policy Year. Policy will be considered as an In-force during Premium Sabbatical Year. This option can be availed only once during the entire Premium Payment Term. This option has to be availed by You at least 15 days prior to the Policy Anniversary of the Policy Year during which you wish to waive off premiums payable. If You do not avail this benefit anytime prior to the last Policy Year of the Premium Payment Term, the Company will waive off the premium payable for the last Policy Year of the Premium Payment Term.
5)Tax benefits under the policy are subject to prevailing conditions and provisions of the Income Tax Act, 1961. Goods and Services 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.
Standard Chartered Bank, India having its principal place of business at Crescenzo Building C-38/C-39 G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Phone: 6601 4444, is a licensed Corporate Agent of ICICI Prudential Life Insurance Company Limited (IRDAI registration no. 105) for life insurance products vide registration 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 and not by Standard Chartered Bank, India. Participation of the customers of Standard Chartered Bank in the policy is entirely voluntary. In facilitating insurance arrangements, the Bank is acting as 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 andit has been prepared without regard to the specific investment or insurance objectives, financial situation or particular needs of any person.
© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered life insurance company with IRDAI, Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-25. Helpline number – 1800 2660. For more details on the risk factors, term and conditions. Please read the product brochure carefully before concluding the sale. ICICI Pru Wish, UIN: 105N198V01. Advt. No.: W/II/2036/2024-25
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