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Insurance Premium

What is Standing Instruction?

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Standing instruction is advisable in case of fixed regular payments. Through standing instruction you can give ICICI bank permission to auto debit your policy premium amount periodically when it’s due. Setting up standing instruction ensures that you don`t miss out paying your premiums and your policy remains intact.

Can I pay my premium annually?

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Yes. If you pay yearly you get 2% discount on premium in addition to 5% online discount

How do I pay my policy premiums?

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You can pay your policy premium through ICICI Net Banking. Debit Card & Credit Card. And you can automatically pay your future premiums with your credit/debit card using the auto pay facility which gets enabled at the time of policy purchase. Setting up standing instruction/auto pay facility is strongly recommended so that you don`t miss premiums and keep your policy intact.

What is limited pay option?

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Limited pay option gives you a choice to pay premiums in limited time of 10 years and enjoy the benefits of the plan for a longer term. The limited payment option can help you save big on total premium paid for entire policy term.

Will my premium remain the same for entire policy term?

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Yes, the premium amount will remain same for entire policy term.