In case of demise of the subscriber before the vesting of the annuity, the annuity benefits will be payable for life of the spouse as per the annuity option “Life Annuity with Return of Purchase Price”. In case, the subscriber does not have a spouse, the annuity benefit will be payable for life of the subscriber as per the annuity option “Life Annuity with Return of Purchase Price”. Tax laws are subject to amendments from time to time.Īs per current regulations, the annuity benefit will be payable for life of the subscriber and his/her spouse as per the annuity option “Joint Life Last Survivor with Return of Purchase Price”. Applicable taxes will be charged extra as per prevailing rates.
Tax benefits under the policy are subject to conditions under Sec.
Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. For enquires related to new policies purchased online, please call us on 1-86 and select option 4 on our Interactive Voice System. Call us on 1-86 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India). For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Registered Address:- ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. © 2016, ICICI Prudential Life Insurance Company Limited. ^Nominee will get the purchase price depending on the annuity option selected at the time of inception.Ĭomp code.(Existing Customer Message) - COMP/DOC/Dec/2020/1412/5002 **Policy Issuance is subject to realization of payment and validations of required documents. Please consult your tax advisor for details, before acting on above. Tax laws are subject to amendments made thereto from time to time. Goods & Services Tax and cesses, if any, will be charged extra, as per applicable rates. #Tax benefits are subject to conditions of section 80CCC,10(10A) and other provisions of the Income Tax Act, 1961.
Both NPS and Online discount can not be taken together. *You can get discount of 1% on the purchase price when you buy online. 1Discount of 0.5% on the Purchase Price for National Pension Scheme (NPS) subscribers.
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