Major Terms & Conditions for Insurance cover on Savings Account
- Insurance is offered only on Personal Accident Death and Air Accident Death
- In case of Joint Account, only Primary Account holders are eligible for insurance cover
- In the event of the insured having multiple accounts, the Personal and Air Accident claim would be payable only on one Account, with maximum benefit (highest sum insured).
Major Terms & Conditions for Insurance cover on Salary Account
- Personal Accident Death Insurance and Air Accident Death Insurance are only applicable on the death of the bonafide employee of the company to which the specific insurance offer is extended.
- The insurance cover amount offered varies as per the company and is based on the net monthly salary credit excluding bonus or other additional credits from the company to which the specific insurance offer is extended.
- Personal Accident and Air Accident cover will be provided to an ICICI Bank Salary account holder who has had at least one salary credit (from the company to which the specific insurance offer is extended) in the last three months prior to the date of loss of life.
- ICICI Bank Family Accounts linked to ICICI Bank Salary Account will be eligible for Personal & Air Accident Insurance, if the salary is credited in the linked ICICI Bank Salary Account (from the company to which the specific insurance offer is extended) at least once in last three months prior to the date of loss of life. Insurance cover is applicable only for family members between the age of 18 years and 60 years.
- The Salary Account holder has to inform ICICI Bank about any change in employer / company to avail benefits of insurance cover extended with the Salary Account. It can be done through iMobile, Internet Banking or at any Branch.
- In the event of the insured having multiple accounts, the Personal and Air Accident claim would be payable only on one account, with maximum benefit (highest sum insured).
- Personal Accident Death cover of ₹ 50 lakh
- Air Accident Death cover of ₹ 1 crore
- Additional cover of ₹ 10 lakh in case of casualty in terrorist action
- Child Education cover: ₹ 5 lakh for *children up to 22 years of age. Additional ₹ 5 lakh for girl child(ren)*
- Permanent Disability cover of up to ₹ 50 lakh
- Permanent Partial Disability cover of up to ₹ 50 lakh
- Battle casualties due to HAPO / HACO are covered
- Extended Personal Accident Insurance and Air Accident Death Insurance coverage benefits to Veer Naris and Family Pensioners
- Personal Accident Death Cover is extended with no age limit.
*Terms and conditions apply.
Major Terms & Conditions for Insurance cover on Salary Account
- Personal Accident Death Insurance and Air Accident Death Insurance is only applicable on the death of the bonafide employee of the company to which the specific insurance offer is extended.
- Personal Accident and Air Accident cover will be extended to an ICICI Bank Salary Account holder who has had at least one salary credit (from the employer to whom the specific insurance offer is extended) in the last three months prior to the date of loss of life.
- Family members of Defence Salary Account holders are not eligible for insurance cover through this offering
- The Account holder has to inform ICICI Bank about any change in employer / company to avail benefits of insurance cover extended with the Salary Account. It can be done through iMobile, Internet Banking or at any Branch.
- In the event of the insured having multiple accounts, the Personal and Air Accident claim would be payable only on one account, with maximum benefit (highest sum insured).