ICICI Prudential Life Insurance View/Download Premium Paid Certificate : iciciprulife.com

Organization : ICICI Prudential Life Insurance
Service Name : View/Download Premium Paid Certificate

Website : https://www.iciciprulife.com/services/download-premium-paid-certificate.html

Premium Paid Certificate:

The ‘Premium Paid Certificate’ is a document that displays the total premium that you have paid for all your policies in a specific financial year. You can use this document as an investment proof for tax filing.

Related : ICICI Prudential Life Insurance Top Up Policy : www.statusin.in/22274.html

The receipts of your premium payment will be available after one day of your premium due date. Premium paid certificate will be available on the day after the payment is made.

Premium Payment FAQ:
I have paid my premium, how can I check if it is applied to my policy?:
Your premium payment details are available in your account on www.iciciprulife.com.

What does “policy lapse” or “discontinued” mean?:
If the due premiums are not paid while the policy is still within lock-in period, then the policy would lapse and all benefits of the policy would cease. The policy holder has a grace period for premium payment, which is 15 days from the due date for monthly premium payment frequency and 30 days from the due date for half yearly and yearly premium payment frequency.

If the due premiums are not paid even after completion of 45 days of the grace period then the policy acquires a “discontinued” status, the policy benefits cease and the amount accumulated in the policy would move to the discontinued fund. This amount would be locked in till completion of the lock in period (five years from the date of policy issuance). Please note, policy discontinued is applicable for policies issued after Sep 1, 2010.

What happens if my policy lapses or is discontinued?:
The policy holder loses out on all the benefits of the plan. After discontinuance of the policy it cannot be withdrawn. The policy holder would receive the invested amount only on completion of the lock-in period (five years from the date of policy issuance).

How can I revive my policy which is discontinued?:
Policy holder can apply for revival of the policy within two years from the date of policy discontinuance by paying the due premium, reinstatement charges and submitting the Personal Health Declaration Form (if applicable). Revival of policy is subject to underwriting.

Would the Life Cover and other benefits be available during the grace period?:
Yes, your Life Cover and other benefits will be available during the grace period. However, if the premium is not paid within the grace period, your policy would lapse or become paid-up.

** A paid-up policy is a policy that acquires a reduced amount of Sum Assured, called the paid-up value in case of lapsation.

Are the premiums returned to the nominee in the unfortunate event of the Life Assured’s death, while the policy remains lapsed?:
There is no provision to pay any amount in a lapsed policy, unless specifically mentioned in the policy contract.