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How will I receive the claim amount?

We honour claim payments through cheque or Electronic Clearance System (ECS)^ as per your convenience.

Cheque Payments:

  • A cheque is drawn on ICICI Bank
  • It is sent to you at the address mentioned in the intimation form* or statement
  • In non-serviceable areas, the cheque is sent to a local branch with an instruction to forward it to you

Electronic Clearing Service:

  • You need to submit the ECS instructions along with a cancelled cheque
  • The claim amount will be transferred directly to your bank account

^Electronic Clearance System or ECS is the mode to transfer your money electronically from one bank account to another. It can be used for debit and credit purposes.

*Claim intimation form is the document in which you provide all the relevant details required while reporting the claim.