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

Child’s Savings Plan

The SMART way to secure your child's future

Buy online & get 1% discount‘ on premium allocation charge
Premium Waiver` with Life Cover
Tax-free* market-linked returns

Premium Waiver Benefit`

Flexible payout

Wealth Boosters1

Investment Flexibility

Tax Benefits*

Flexibility in paying premium

Life Cover

View all benefits

Child Savings Plan Calculator


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Recommended For

Expecting Parents
Parents of Toddlers
Parents of Young Kids
Parents of Teenagers
Single Parents

ICICI Pru Smart Kid with Smart Life?

ICICI Pru Smart Kid with Smart Life helps you build a corpus to support your child’s future with tax-free* market-linked returns. This plan also comes with a Life Cover. If something unfortunate happens to you during the policy term, the Life cover is paid to your child. The policy continues uninterrupted where the remaining premiums will be paid by the company, ensuring that your child can achieve the key milestones in life.

How the plan works?

One plan, multiple objectives

2 minute overview

ICICI Pru Smart Kid with Smart Life is for parent who wish to ensure that their child can achieve the key milestones in life even in their absence.

Plan Snapshot

Premium Waiver`

Premium Waiver`

Yes

Fund Switches

Fund Switches

Yes

Fund options

Fund options

16 diversified equity, balanced and debt funds

Min. Investment:

Min. Investment:

₹45,000 p.a. (Limited Pay/Regular Pay)
₹48,000 p.a. (One Pay)

Wealth Boosters1

Wealth Boosters1

3.25% of Fund Value

Life Cover

Life Cover

Yes

Premium Payments Term Options

Premium Payments Term Options

One Pay/ Limited Pay/ Regular Pay

Loyalty Bonus

Loyalty Bonus

0.25%^

Withdrawls

Withdrawls

Unlimited free withdrawals+

Tax-free* Returns

Tax-free* Returns

Yes

Anand's Story

Rashi's Story

Meet Anand35 year old
Salaried Professional
He wants
  1. Seema to be a doctor one day
  2. Secure funds to ensure that Seema can realize this dream when she grows up
He invests in
12,500 p.m for 15 years of Regular Pay option in ICICI Pru Smart Kid with Smart Life
Anand loses his life in an accident 5 years later
Seema receives the amount which she needs to become a doctor.
ICICI Pru waives off all the future premiums of Anand and the policy continues.
 Age 35
 1
 2
 3
 4
 Age 39
Seema receives the life cover amount of ₹10 Lakh as lumpsum
Maturity Benefit
₹ 33.83 LARR @8%
₹ 24.52 LARR @4%
ARR : Assumed Rate of Return. For the purpose of illustration, the Company has assumed 8% and 4% as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits that you may get. As the value of the policy depends on a number of factors including future investment performance.

Fund Performance

Did you know?

Eligiblity For The Plan

Limited Pay

One Pay

Regular Pay

Premium Payment term (In years)Policy term In years)Maximum Age at Entry (In years)Minimum Age at Entry (In years)
5
10
45
20
11-15
46
16-20
43
21-25
36
7
10
48
11-15
46
16-20
43
21-25
36
10
10
NA
11-15
46
16-20
43
21-25
37

Charges for ICICI Pru Smart Kid with Smart Life

Steps to buy

Create your child savings plan

Fill Application Form

Make payment & upload documents

Plan Issued
Need Help? Call us Today

1800-209-9777

Why choose ICICI Prudential Life?

₹2.14 Lakh Crore+

Assets Under Management as on March 31, 2021^^

₹5.68 Crore+

Lives Covered as on March 31, 2021^^

867 Crores 

Bonus for the policyholders``

1.4 Days-

Average Claim Settlement Time^^

Frequently Asked Questions

Who all can buy this plan?
ICICI Pru Smart Kid with Smart Life is offered to customers who want to build a corpus for their child’s future while providing you with a life insurance cover to protect those dreams even in their absence.

Key Terminologies

Sum Assured
Fund value
Net Asset Value (NAV)
Premium
Death benefit
Maturity benefit
Riders
Lock-in period
Switching option
ULIP returns
Top-ups
ULIP charges
SUITABILITY CALCULATOR
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