PAYOUT REQUEST

Before you fill up this form, please consider these interesting facts:
• Get Complete Financial Security: If a person spends Rs. 30000 every
month today, 20 years from now at 5% rate of inflation it will cost him
almost Rs. 80000 to maintain his standard of living. Investments are
therefore required to achieve long term retirement dreams.
• Low Charges in the long run: In most ULIPs, charges come down
substantially 3rd year onwards, so more of your premium is allocated
towards your fund. ULIPs are thus designed to secure long terms goals.
Incase you choose to surrender your existing ULIP Policy to re-invest in
another ULIP plan, you may have to pay the initial charges once again.

• Achieve your Life’s Goals: Cost of all major expenses are constantly • Pay Premiums regularly: You can choose from a large variety of options
rising. A long term financial plan with disciplined investment will help you to pay your premium. Log on to www.iciciprulife.com for a complete
realize all your goals such as your child’s education or building a list. You may also visit our website and get the latest copy of ‘Ensure’ to
retirement kitty. know more about fund performance.

Policy Number Date D D M M Y Y Y Y

Name of Proposer
Mr./Ms./Mrs. First Name Surname
Contact Nos.
STD Residence STD Office Ext. ISD Mobile
E-Mail ID

All fields are mandatory. (Atleast one contact no. is mandatory for processing your request. The Contact details mentioned above will be updated for all future communication)

IMPORTANT GUIDELINES:

• It is mandatory to fill in the payment details section on the reverse of this form.
• If application for Unit Linked Product is received up to 3:00 pm IST on a weekday (Mon-Fri), the same day’s unit value will be applicable. However, if the application is received after 3:00 pm IST, then the next declared
NAV will be applicable.
• Customer has to personally visit branch for submitting payout request. If the policy has been assigned, the request would be accepted on receipt of letter from the Assignee of the policy.
• All communication will be sent to the mailing address registered with us. The Company will not be liable for any loss arising from non receipt of communication.
• Documents required for ANY withdrawal transaction: 1. Self attested photo ID proof, 2. Copy of signed cancelled cheque 3. Original Policy Certificate.
• In case of application for Surrender along with Reinstatement, the reinstatement is processed on the same working day while the Surrender will be processed on the next working day and the NAV of the date of
processing will be applicable.

Application Number
PRE-ISSUANCE CANCELLATION
Reason for Pre-issuance cancellation

FREELOOK
Reason for Freelook cancellation

Freelook option executed for: Change in Product Change in the Policy Feature Policy cancellation & Refund
(Incase of this option please complete the
payment details on the reverse side of the form)
Documents Submitted: Welcome Kit / Policy Certificate

In case of Product & Feature change, please complete the table below:

Name of New Product Sum Assured Term Premium Premium Payment Mode

Funds Required:
Name of the New Fund(s) Percentage
I understand that my request will be processed as per prevailing terms and
conditions which might require underwriting and might result in
postponement, decline, extra premium or additional requirements on my
policy. Any NAV fluctuations as a result of the freelook change/ refund will
be passed on to the policyholder.
Total 100%

FULL SURRENDER
Documents Submitted: Welcome Kit / Policy document

Reason for Full surrender ____________________________________________________________________________________________________________

Note: Amount payable on Surrender/ Full Withdrawal of the units is as per the policy terms & conditions. The Surrender / Full Withdrawal of the units results in termination of the contract and all
rights / title and interest under the policy shall stand extinguished.

ACKNOWLEDGEMENT SLIP
This is to acknowledge the receipt of application for:

Pre-Issuance Cancellation Freelook Cancellation Partial Withdrawal (Amount. Rs.____________________) Surrender/Full Withdrawal

Policy Number Date D D M M Y Y Y Y

Documents Submitted Welcome Kit / Policy document Self Attested Photo ID STAMP
&
Signed Cancelled Cheque TIME
Received By
 PARTIAL WITHDRAWAL Documents required: Original Policy Document
Reason for Partial Withdrawal ________________________________________________________________________________________________________
Name of the Fund(s) Percentage Amount (Rs.)

Note: Request will be processed if withdrawal requested is greater than or equal to minimum withdrawal amount mentioned in the policy document. Partial withdrawal not allowed in case of Pension products.

ENTITY DETAILS
Entity Type: Individual Non Individual
Entity Regulations (If any): Non Profit Organization Regulated by RBI / SEBI / IRDA Others Not Applicable

PAYMENT DETAILS: Payout will be done through Direct Credit (direct transfer to your bank account)

Name of Bank Account Holder

Bank Name
Branch Name

Bank Account Number

Bank Account Type Savings Current

MICR Code (You can get this code from your cheque book)

IFSC Code (You can get this code from your bank)

Note:
I understand and agree that the submission of this form does not mean that the request will be processed. I understand that any payout under the policy shall be strictly in
Ÿ
accordance with the policy terms and conditions. Also any payment under shall be subject to realisation of the last renewal premium payment.
I hereby declare that the particulars given in this form are true, correct and complete in all aspects.
Ÿ
I take full responsibility of genuineness and correctness of the details filled herein.
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If the transaction is delayed or not effected at all for any reasons due to incomplete or incorrect information, I shall not hold the company responsible in any manner whatsoever.
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Further, I understand that the company shall not be held responsible for any non receipt of payment on account of wrong/ incorrect/ incomplete information given by me in this form.
Ÿ
I also understand and agree that the Company reserves the right to use any alternative payout option.
Ÿ

Please affix Please affix

Re.1 Revenue Re.1 Revenue
Stamp & Stamp &
Sign across Sign across
the stamp the stamp

_____________________ _____________________ _____________________ _____________________

Signature of Proposer Signature of Proposer Signature of Assignee Signature of Assignee
(Required in case of Absolute Assignment of policy)

DECLARATION
Applicable when the Proposer is illiterate or suffering from disability due to which writing is restricted or the proposer has
signed in vernacular language. Note: Must be witnessed by someone other than the advisor/agent/employee of the Company.

I (Full name of Witness) ________________________________________ (Relation with Proposer) ____________________ adult and
inhabitant of (Address) _________________________________________________________________________________ do hereby _____________________
declare that I have read and explained the contents of this form to the Proposer and he/she/they have understood the same. Signature of Witness

FOR OFFICE USE ONLY: Spaarc Call ID Date D D M M Y Y Y Y Comm/Form/Payout/1.8

STAMP
Maker Checker &
TIME
Emp ID & Name ______________________________ Emp ID & Name ______________________________

Sign & Date _________________________________ Sign & Date _________________________________

Received By

Kindly call our Customer Service T oll Free Number 1-800-22-2020 from your MTNL or BSNL line
Call Center timings: 9.00 A.M. to 9.00 P.M. Monday to Saturday (except national holidays)

Communication Address
ICICI Prudential Life Insurance Company Ltd., Vinod Silk Mills Compound, Chakravarthy Ashok Nagar, Ashok Road, Kandivali ( E ), Mumbai 400 101.