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IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER^U

The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year

Child Saving Plan ULIP

Build wealth for your child’s future with a 5 in 1 savings insurance plan

In-built Waiver of Premium¹⁸ and income benefit³

Child Saving Plan ULIP

Build wealth for your child’s future with a 5 in 1 savings insurance plan

In-built Waiver of Premium¹⁸ and income benefit³

Plan benefits

Save up to ₹3.77 L in tax^*

Company acts as Parent for your child¹⁸

Life cover amount¹

Easy withdrawal
in times of need¹³

Family income³

View all benefits

Company acts as Parent for your child¹⁸

Life cover amount¹

Easy withdrawal
in times of need¹³

Family income³

Investment grows with your child

Maturity Protect¹⁹

Flexible maturity payout options¹⁷

Tax^* benefits on returns^*

Fund switch⁵ flexibility

Loyalty bonuses⁴

Save up to ₹3.77 L in tax^*

Plan starts with ₹2500 p.m

Child Savings Plan Calculator

Enter Child's Name

Child's Date of Birth

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Date of Birth

Years old

Annual Income

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Qualification

Graduate & above

Occupation

Salaried

Pincode

City

By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life Insurance Company Limited, its third parties and its representatives to contact me through call, RCS, Whatsapp or E-Mail. I further consent to permit ICICI Prudential Life Insurance Company Limited to share my information on confidential information with its third parties and its representatives (i) for contacting me (ii) for evaluating and (iii) for processing this Proposal.

To undergo suitability analysis, please click here.
By not undergoing the suitability analysis, you confirm to purchase the policy based on your independent assessment of the suitability of the product.
If you wish to be redirected to calculate your premium without sharing your personal details, click here.

Why do you need a child plan?

Your child’s future depends a lot on how well-prepared you are financially for the future. Your child’s needs will change with time, but your responsibilities will not.

Build an adequate amount of fund by investing a nominal amount regularly
Flexible withdrawals and payout features^13,17 to take care of any expenses related to your child’s growth at key milestones
Child’s education remains secured even in your absence¹⁸ as the policy continues and the maturity amount gets paid to your child

What is Smartkid Assure with ICICI Pru Signature Assure plan?

SmartKid Assure with ICICI Pru Signature Assure is a savings cum insurance plan that helps parents grow their wealth through market-linked^U funds to secure their child’s future along with a life cover¹ benefit, In-built waiver of Premium¹⁸ Benefit and income benefit³.

Market-linked Returns - Earn market-linked returns by investing among 25 funds, including index funds
In-Built Waiver of Premium¹⁸ – Company will pay future premiums in case of parent’s demise and the policy will continue
Life Cover¹ – Sum Assured of 10X of annual premium amount for securing parent’s life
Family Income Option³ – Company will pay regular yearly income till the end of the policy term in case of parent’s demise
Maturity Protect¹⁹ – 100% return of invested amount, in case the fund value falls below the total invested amount

This plan provides a financial safety net, insuring your child’s dreams and future remain secure even in an unfortunate event to the parent¹⁸

Recommended For

Parents of Young Kids

Parents of Teenagers

Expecting Parents

Parents of Toddlers

Single Parent

Parents of Young Kids

Those who are looking to build wealth for their child’s future so that they can keep up with the rising costs of parenting each year and make sure that their child’s dreams are protected, even in their absence.

Parents of Teenagers

It’s never too late to start planning for your child’s career. This plan allows you to save more in less time and get payout early so that you are ready for your child’s higher education.

Expecting Parents

This plan is ideal for parents who are about to welcome a baby in their lives, and wish to prepare early for future fund needs of child so that they can enjoy their present with the baby stress-free.

Parents of Toddlers

Young parents who have just started planning for their little one’s future and are looking for a systematic investment plan that helps them create wealth for their future education.

Single Parent

Guaranteed payouts combined with financial security in case of critical illness/demise helps single parents ensure that their child will get quality education in unfortunate events too.

How the plan works?

One plan, multiple objectives

In built Premium waiver¹⁸

The company pays remaining premiums in case of the demise of the parent

Life Cover¹

Yes, as per required level of protection

Withdrawals^13,17

Unlimited free withdrawals after a 5-year lock-in period

Premium payment term

Regular Pay/Limited Pay

Min. investment^>

Rs. 30,000 p.a. (policy term – 20 to 25 years)/ Rs. 48,000 p.a. (policy term – 15 to 19 years)

Tax* exempted on maturity value

Yes. u/s 10(10D)

Tax* Benefits on premiums paid*

Yes, u/s 80C

Top up Premium

Yes, minimum amount to be ₹500

Settlement Option¹⁷

Option to get structured payout after maturity over 5 years

Fund Switches⁵

Unlimited free fund switches⁵ under fixed portfolio strategy

Goal protection

Comprehensive child needs

Higher education plan

Loading Fund Performance^#...

The above mentioned benchmark is the benchmark used by the company to track the performance of the funds.

Loyalty Bonus

View Plan eligibility

Charges For ICICI Pru Smart Kid

Buy Online in 3 simple steps

Choose premium amount

Select your choice of funds

Fill Application form & Make Payment

Policy Issued

Keep these documents handy

WE CAN HELP!

Have some queries? Connect with our advisors

Call us on 1800 209 9777

Why choose ICICI Prudential Life?

₹2.94 Lakh Crore¹⁰

Assets Under Management as on March 31, 2024^{^^}

9.69 Crore⁸

Lives Covered as on March 31, 2024^{^^}

₹2.76 Lakh Crore⁹

Benefits paid till March 31, 2024^``

1 Day^<

Claim
Settlement

Frequently Asked Questions

What are the benefits I get in this plan?

SmartKid Assure with ICICI Pru Signature Assure plan is a 5 in 1 benefit savings insurance plan to grow funds for your child's future expenses and to financially secure your child in case of any unfortunate event with In-built Waiver of Premium¹⁸ and income benefit³.
Some unique benefits of this plan are-
A) Wealth creation opportunity- The plan offers an opportunity to create wealth over long-term for your goal with the combination of equity, debt and balanced fund options available
B) Goal protection – Your child’s future is secured even in your absence. You child gets following benefits in case of your unfortunate demise

Life cover¹ – Life cover amount (sum assured) will be paid to your child
Future secure² – Future premiums are waived² off and the remaining premiums (if any) is paid by the company to ensure your child’s financial security.
Family income³ benefit – Your child would also get an annual income³ every year till the end of policy term to take care of their recurring expenses
Maturity benefit – Your child will also get the maturity benefit at the end of the policy term to ensure they do not have any financial roadblocks for their goals.
ADBR- Your child will get additional life cover amount in the unfortunate event of an accident

C) Flexibility- Choice of 4 portfolio strategies and wide range of funds across equity, balanced, and debt to suit your investment needs
D) Free Switches⁵- Switch between the funds as many times for Fixed Portfolio Strategy, completely free of cost.
E) Tax^*-benefits- Avail tax* benefits on the premiums paid u/s 80C and benefits received u/s 10(10D) of Income Tax Act, 1961
F) Loyalty additions⁴ – Fund boosters worth 2.50% of fund value will be added to fund every 5th year from end of 10^th policy year
E) Systematic withdrawals¹⁷- Option to get regular money from your fund value with Systematic Withdrawal¹⁷ Plan
F) Quick & Safe buying process- Buying this plan online is completely safe, secure & convenient. It takes only 10-15 minutes to fill the form & do the payment. You can also talk to our experts on toll-free no. 1800 209 9777 for any queries
I) Online servicing- The entire servicing of this plan can be done online or through our official app. This saves your time to visit the branch for any of your concerns

What are the tax^* benefits in this plan?

Can I buy this plan online?

How are my returns calculated?

Who will manage my investment?

At what age can I start and close this plan? What PPT and Policy term options are available in this plan?

Age at Entry	Minimum Premium Payment Term
≤ 45 years	5 years
> 45 years	7 years

Can I surrender this plan?

What happens if I discontinue paying premiums?

Can I withdraw money from this plan before maturity?

Can I switch⁵ my investment from one fund to another before Maturity?

Can I cancel this plan post purchase?

What are the charges in this plan?

Disclaimer

Download Brochure- ICICI Pru Signature Assure

IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER^U

^URisk factors and warning statements

Linked insurance products/ annuity products with variable pay-out options are different from traditional insurance products and are subject to the risk factors.
The premium paid in linked insurance policies or the annuity offered under the annuity policies with variable annuity pay-out option are subject to investment risks associated with capital markets and publicly available index. The annuity amount/ NAVs of the unis may go up or down based on the performance of fund and factors influencing the capital market/ publicly available index and the insured is responsible for his/her decisions.
ICICI Prudential Life Insurance in only the name of the Life Insurance Company and ICICI Pru Signature Assure is only the name of the linked insurance contract and does not in anyway indicate the quality of the contract, its future prospects or returns.
Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.
The various funds offered under this contract are the names of the funds and do not in any way, indicate the quality of these plans, their future prospects and returns

¹Life cover is the benefit payable on death of the life assured during the policy term.

²Future Secure benefit is only applicable if all the due premiums have been paid till the date of death of Life Assured

³Family Income benefit option is an amount equal to a percentage of the Sum Assured, payable every year on policy anniversary till the end of policy term

⁴Loyalty additions equal to 2.50% of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters will be allocated as extra units to your policy at the end of every 5th policy year starting from the end of 10th policy year till the end of your policy term

^*Tax benefits under Section 80C is calculated at tax rate of 31.20% (including Cess excluding surcharge) on life insurance premium under Section 80C of ₹1,50,000/-. Further Tax benefits under Section 10(10D) is calculated at 13% (Including Cess excluding surcharge) on proceeds without considering benefits of Rs. 125,000 As per section 112A of 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 as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details

⁵ Switches are only applicable for fixed portfolio strategy and not applicable for other portfolio strategies.

⁶Calculated for a 30-year-old healthy male with a premium paying term of 10 years and a policy term of 20 years for limited pay option along with family income3 option with income as 10% of sum assured. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

⁷Calculated for a 30-year-old healthy male with a premium paying term of 15 years and a policy term of 21 years for limited pay option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted. Partial withdrawals are only permitted up to 20% of the Fund Value in one policy year.

¹⁶Calculated for a 30-year-old healthy female with a premium paying term of 15 years and a policy term of 20 years for limited pay option with a 4 year settlement option for maturity. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

⁸9.69 Cr lives covered across our individual and group customers as per ICICI Prudential Life Council Report.

⁹As per Financial Statements (Schedule 4- Benefits paid (Gross)) of the company, benefits paid since inception up to March 31, 2024.

¹⁰Data regarding AUM is as per Annual Report of the Company for FY2024

^&With this plan you have the potential to earn long term returns since the policy term starts from 15 years minimum and 25 years maximum, given the age of the customer at maturity cannot exceed 65.

^>Minimum investment for this plan is Rs. 2500 p.m

^<ClaimForSure: 1 Day Death Claim Settlement is available for the following:

a) Policies that have been active for 3 consecutive years. 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) All mandatory claim documents are submitted at the branch. 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, Postmartem 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.

¹³For the purpose of partial withdrawals, lock in period for the Top-up premiums will be five years or any such limit prescribed by IRDAI from time to time. Partial withdrawals will be made first from the Top-up Fund Value (if any) which has completed the lock in period, as long as it supports the partial withdrawal, and then from the Fund Value built up from the base premium(s). In case of minor lives, partial withdrawal can be done only after the auto vesting of the policy

¹⁷Systematic Withdrawal Plan (SWP)- This facility allows you to withdraw a pre-determined percentage of your fund value regularly. This can help you to meet specific needs such as child’s education

¹⁸In-built Premium waiver benefit comes as an inbuilt benefit in child insurance plans. In case of the unfortunate death of parents during the policy tenure, the insurance company offers the benefit of a in-built premium waiver wherein the entire premium of the policy is waived off for the rest of the policy tenure and the benefits of the plan remain to be in force. Hence, company support your child financially when you are not around.

¹⁹Maturity Protect is referred to as 100% Return of Premiums paid.
Maturity Protect is applicable only where the Life Assured survives till the end of the policy term provided all due premiums have been paid and no partial withdrawals13 have been made during the policy term. In case the fund value at the end of the policy term falls below the Annualised Premium times Premium Payment Term, a Maturity Protect benefit will be allocated as extra units at the end of the policy term. The Maturity Protect amount shall be computed as Annualised Premium times Premium Payment Term less Fund Value subject to a minimum of zero.
Maturity Protect benefit will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation

¹⁴In case of unfortunate demise of policyholder, sum assured amount will be paid out, all payable premiums will be waived off and nominee can even get a regular income till end of policy term. On policy maturity, fund value will be disbursed. In this way, your goals are assured even in your absence

^#Past performance is not indicative of future performance

Fund names	SFIN
Smallcap250 Momentum Quality 100 Index Fund	ULIF 157 301224 SmcMomQual 105
Mid Cap Hybrid Growth Fund	ULIF 147 050123 MCHybrdGrt 105
Mid Cap Fund	ULIF 146 28/06/22 MidCapFund 105
Mid Cap Index Fund	ULIF 149 050723 McIndxFund 105
India Growth Fund	ULIF 141 04/02/19 IndiaGrwth 105
Maximiser Fund V	ULIF 114 15/03/11 LMaximis5 105
Focus 50 Fund	ULIF 142 04/02/19 FocusFifty 105
Value Enhancer Fund	ULIF 139 24/11/17 VEF 105
MidSmall Cap 400 Index Fund	ULIF 153 150424 MidSmal400 105
Opportunities Fund	ULIF 086 24/11/09 LOpport 105
Multi Cap Growth Fund	ULIF 085 24/11/09 LMCapGro 105
Maximise India Fund	ULIF 136 11/20/14 MIF 105
Bluechip Fund	ULIF 087 24/11/09 LBluChip 105
Multi Cap Balanced Fund	ULIF 088 24/11/09 LMCapBal 105
Balanced Advantage Fund	ULIF 144 03/06/21 BalanceAdv 105
Sustainable Equity Fund	ULIF 145 03/06/21 SustainEqu 105
Active Asset Allocation Balanced Fund	ULIF 138 15/02/17 AAABF 105
Income Fund	ULIF 089 24/11/09 LIncome 105
Money Market Fund	ULIF 090 24/11/09 LMoneyMkt 105
Secure Opportunities Fund	ULIF 140 24/11/17 SOF 105
Constant Maturity Fund	ULIF 148 050123 ConstntMat 105
Mid Cap 150 Momentum 50 Index Fund	ULIF 151 180124 McMomentum 105
Multicap 50 25 25 Index Fund	ULIF 152 220224 MultiCapIF 105
MidSmallCap 400 Momentum Quality 100 Index Fund	ULIF 156 251024 MscMomQual 105
India Consumption Fund	ULIF 158 170425 IndConsump 105

¹⁵Inflation: https://www.fincart.com/blog/how-will-education-inflation-impact-in-the-coming-years

https://www.business-standard.com/finance/personal-finance/how-to-beat-education-inflation-and-have-a-large-enough-college-fund-124021500475_1.html

^~Rising cost: https://www.thehindubusinessline.com/data-stories/data-focus/after-a-massive-dip-in-2021-education-inflation-rises-with-return-to-normalcy/article65513706.ece

https://www.moneycontrol.com/news/business/personal-finance/how-education-inflation-can-hurt-your-childs-future-8682261.html

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 1-860-266-7766 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. SmartKid Assure with ICICI Pru Signature Assure UIN : 105L196V01, Advt. No.: W/II/0106/2025-26

Comp Code: COMP/DOC/May/2025/25/0140

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