^<1 Day is a working day, counted from the date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays /Bank holidays/Public holidays.

a) All due premiums in the policy have been paid and the policy has been active for 3 consecutive years preceding life assured’s death.

b) Mandatory documents to be submitted at Branch Office- Claimant statement form, Original policy certificate, Copy of death certificate issued by local authority, AML KYC documents- Nominee’s recent photograph ,Copy of Nominee’s pan card, Nominee’s current address proof, photo identity proof, Cancelled cheque/ Copy of bank passbook, Copy of medico legal cause of death, Medical records (Admission notes, Discharge / Death summary, Test reports, etc.), For accidental death - Copy of FIR, Panchnama, Inquest report, Postmortem report, Driving license.

c) Total claim amount of all the life policies held by the Life Assured <= ₹1.5 Crore.

d) Claim does not require any on-ground investigation

1 Day is a working day, counted from date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays/Bank holidays/Public holidays. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations. Under ULIP policies, if claim is submitted prior to 3 pm then the claim will be considered under Claim For Sure on the same day. If claim is submitted post 3pm or if the policy is inactive at the time of claim notification then the claim will be considered under Claim For Sure the next day as per availability of NAV.

ICICI Pru SmartKid Guarantee

Download ICICI Pru GIFT Pro Product Brochure here

Download ICICI Pru WOP Rider Brochure here

SmartKid Guarantee is combination of benefits of two individual and separate products named,
1) ICICI Pru GIFT Pro and
2) ICICI Pru Non-Linked Waiver of Premium Rider.
The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale.

⁺Life Insurance Cover is the benefit payable on death of the Life Assured during the policy term

^{^}Guaranteed Benefits will be payable subject to all due premiums being paid

¹You can choose to receive any percentage from 0% to 100% of the sum total of all annualized premiums payable by you as MoneyBack Benefit. This will be paid as a Lump sum amount. Additionally, you also have the flexibilty to choose any year, on or after the maturity date of the policy up to the last income year, to receive this MoneyBack Benefit. Your Guaranteed Income amount will be adjusted based on the MoneyBack Benefit % and payout year selected by you.

^$ICICI Pru Smartkid Guarantee offers 8 options in income period namely 5,7,10,12,15, 20, 25 and 30 years. The customer can choose any plan option from the eight available options. Please refer to the brochure for more details.

^`Waiver of premium rider when attached to a base policy will waive all future premiums payable under the Base Policy including any Underwriting Extra Premiums on the occurrence of the contingent event, as mentioned under the chosen Benefit Option. Kindly refer to the Sales Brochure of ICICI Pru Linked Waiver of Premium Rider for further information.

The static illustration is for a 28-year-old-male parent(proposer) buying in the name of 4 years old girl child (life assured), investing Rs 2.04 lakh per annum for 12 years and with a policy term of 14 years. From 15th year, child gets guaranteed annual income of Rs 2.86 lakh which increases by 5% simple interest every year for 10 years. Child also gets Rs 24.7 lakh lumpsum as 100% moneyback benefit along with the last income. This illustration has accounted for WOP rider. Total premium = Rs 24 lakh (Base policy premium) + Rs 0.48 lakh (WOP rider premium).

^*Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to conditions under provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

^1aTotal Premiums Paid means the total of all premiums received, excluding any extra premium, any rider premium and taxes

²If you opt for “Low Cover Income Booster” the sum assured on death will be lower and your guaranteed income will be increased.

^#You have an option to receive Guaranteed Income every year on a Special Date of your choice preceding the due date of first GI pay-out during the Income Period, if you have opted for annual mode of income. The Special date can be chosen to coincide with any date such as, Date of Maturity, birth date or anniversary date etc. Payment of Guaranteed Income will commence from this Special Date and all further GIs will be paid every year on this Special Date chosen. You can select the Special Date at policy inception or any time before two months of the completion of the policy term.

^*Tax benefits/Tax-free returns under the policy are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

^¶Level Income and Increasing Income are income options available under Smartkid Guarantee. Guaranteed Benefits will be payable subject to all due premiums being paid. Under Level Income, the Guaranteed Income will remain constant throughout the income period. If Increasing Income is selected, the Guaranteed Income will increase at a simple interest rate of 5% p.a. You can either opt for Level Income or Increasing Income option. This option has to be selected at inception and cannot be changed later.

³Maturity Sum Assured is the discounted value of future GIs and MoneyBack Benefit (if applicable) computed at discount rate of 8.00% p.a. at the end of the policy term.

^$$The returns are derived basis age, gender and premium of the customer, pre-populated from the information provided at the time of filling the personal details in the calculator.

^~Additional Benefit is offered for online sales: For both Level Income/Increasing Income Plan option, Extra 3% of Guaranteed Income and Moneyback Benefit is applicable

^☩You can take a policy loan after your policy acquires a surrender value. The maximum loan amount will be 80% of the surrender value.

^{^^}Data regarding AUM is as per Annual Report of the Company for FY2023.

^T77.1 mn lives covered across our individual and group customers as per ICICI Prudential Life Council Report .

^&Policies issued on or after April 01, 2023 where aggregate premium in respect of Non - Unit linked life insurance policies more than ₹ 5 lakh p.a. is not exempt u/s 10(10D) of the Income Tax Act, 1961. Tax benefits under the policy are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

^>Conditions to be abided by for GST waiver:

1. The premium should be paid from the individual’s NRE bank account only and the account statement should be submitted as a proof for the premium payment

2. The individual should be residing abroad and must submit the foreign residence address proof. Any change in the residential status should be intimidated to ICICI Prudential Life Insurance 15 days prior to acquiring the changed status.

3. Premiums from the 2nd instalment onwards will continue to show the GST component. The same can be waived off / refunded at the time of renewal provided these documents are resubmitted.

4. The company reserves the right to cancel the policy in case of misinterpretation of details submitted or inability to submit the required documents.

5. ICICI Prudential Life Insurance Company Limited will be indemnified against any incorrect/inadvertent claim of GST on premiums along with interest, if any, as applicable from time to time in accordance with the GST law.

6. The premium payment done through debit card, credit card, wallet or any other card will not be considered for GST refund and full GST must be paid in such scenarios.

^!jClaim settlement ratio is for Financial Year FY2023-24 and is computed on individual basis claims settled over total individual claims for the financial year. For details, refer to Source: /about-us/investor-relations/yearly-public-disclosures.html?ID=about3

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. For enquires related to new policies purchased online, please call us on 1800-2660 and select option 4 on our Interactive Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru GIFT Pro, A Non-Linked Non-Participating Individual Savings Life Insurance Plan

ICICI Pru SmartKid Guarantee: ICICI Pru GIFT Pro UIN:105N201V05 and ICICI Pru Non-Linked Waiver of Premium Rider UIN: 105B044V02

Advt No.: W/II/0711/2024-25