How can I revive my lapsed in Icici?

What is the procedure to revive a lapsed policy?

1. Submit a request letter and Personal Health Declaration Form to revive (with all the details of your policy) to any ICICI Prudential Life branch (with a photocopy of your policy)
2. Branch will calculate the balance premium plus interest till date from the date of lapse.

How does Icici Prudential policy foreclose?

To surrender your policy, you can visit any of our branches with the following documents:

1. Surrender form.
2. Policy document.
3. A signed copy of the photo identity proof of the policy-holder, i.e. PAN card, Aadhaar card etc.
4. Cancelled cheque of the bank account in which you wish to receive the surrender amount.

What are Dishonour charges in Icici Prudential?

` 150/- per transaction will be recovered if the payment is dishonoured on due date of premium as per ACH/Direct Debit mandate given. For ULIP policies, the NAV applicable will be of the premium due date or premium received date, whichever is later.

What is the grace period for Icici Prudential premium?

30 days
If your premium is not paid before the premium due date, you are allowed a grace period for making the payments. You get a grace period of 30 days for half-yearly and yearly payments, and 15 days for monthly payments.

How long do you have to reinstate a lapsed life insurance policy?

A life insurance policy may typically be reinstated within 30 days of a lapse without additional paperwork, underwriting, or attestations of health. Insureds often pay a reinstatement premium, which is larger than the original premium.

How can I change premium mode in Icici Prudential?

Steps to set or modify Auto-Pay instructions for premium payment via Netbanking:

1. Enter your policy no., date of birth and click on ‘Standing Instructions’
2. Click on ‘Auto Debit’
3. Select the payment mode.
4. Click on ‘Pay Now’