I created a blockchain.info wallet one year ago in April 2013. I have my settings configured to provide email notification upon sending or receiving BTC, just like OP's screenshot. I've had 16 transactions sending and receiving BTC and not once have I received an email notification. 
My email address is confirmed, I've checked my spam folder, I've tried switching from @yahoo.com to @gmail.com address. I've submitted a support ticket, to which there has been no reply for 1 month.
Multiple people are experiencing this issue and there seems to be no effort by blockchain.info to fix it.
It's concerning because if this settings isn't working, then what other settings are not working? If I tick the box to restrict the login to my IP address or to prevent login from the torr network, I fear that those settings may not be functioning properly either and my BTC is not secure on this service.
My email address is confirmed, I've checked my spam folder, I've tried switching from @yahoo.com to @gmail.com address. I've submitted a support ticket, to which there has been no reply for 1 month.
Multiple people are experiencing this issue and there seems to be no effort by blockchain.info to fix it.
It's concerning because if this settings isn't working, then what other settings are not working? If I tick the box to restrict the login to my IP address or to prevent login from the torr network, I fear that those settings may not be functioning properly either and my BTC is not secure on this service.