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

Child Savings Plan

Build a promising
Future for your child

Build a promising
Future for your child

'A smart savings plan to grow fund for your child's future expenses and to financially secure your child in case of any unfortunate event'
Buy online & get 1% discount‘ on premium allocation charge
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Guaranteed` security of child’s future

Flexible maturity payout options

Flexible withdrawal in times of need

Guaranteed. Life cover (Base policy)

View all benefits

Guaranteed` security of child’s future

Flexible maturity payout options

Flexible withdrawal in times of need

Guaranteed. Life cover (Base policy)

Save more with zero tax* liability

Investment grows with your child

Loyalty bonus additions

Fund switch flexibility

Buy online & get 1% discount‘ on premium allocation charge
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Child Savings Plan Calculator

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Select Your Occupation
By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life and its representatives to contact me through call, WhatsApp or E-mail. I further consent to share my information on confidential basis with third parties for evaluatig and 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. Through a child plan, you will be able to build an adequate amount of fund by investing a nominal amount regularly ...Read More

What is SmartKid with ICICI Pru Smart Life plan?

SmartKid with ICICI Pru Smart Life is a savings plan that helps parents grow their wealth through market-linked funds to secure their child’s future along with a life cover benefit. This plan also ensures that the child’s dreams ...Read More

How the plan works?

Myth Busters
One plan, multiple objectives
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Know the plan in 3 minutes

Plan Snapshot

Premium Waiver` benefit

Available

Life Cover

Yes, as per required level of protection

Multiple times Withdrawals

Available after a 5 year lock-in period

Premium Payment Term Options

Regular pay/ Limited pay/ Single pay

Minimum investment

₹45000 p.a. (Regular PayΔ/Limited Pay)
₹48000 (Single payΔ)

Tax-free* returns

Yes u/s 10(10D)

Tax benefit* on premiums

Yes, u/s 80C

Top up premium

Yes, minimum amount to be ₹2000

Decrease In policy term

Yes

Fund switches

Yes, first 4 switches in a year are free
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Benefit Illustrations

Arav’s Story

Navya’s Story

Vansh’s Story

Arav’s Father pays every premium installment

View returns at

He paid: ₹20L

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Additional tax benefits

On premiums paid, Arav’s father can claim a tax deduction of ₹ 6.24 lakhs u/s 80C in 20 years

Arav’s father saves more maturity amount with additional tax savings of ₹ 6.17 lakhs u/s 10(10D)

One comprehensive plan for your child
A plan which takes care of not just education but overall development of your child
FatherSon

Benefits of this plan

Maturity Benefit

Income Benefit

Smart Benefits

Death Benefit

Loyalty Benefits

Recommended For

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

Fund Performance

Value Enhancer FundEquity
3 Yr Returns
20.76%
Since inception
12.12%
5 year returns
16.20%
1 year returns
43.23%
Inception Date

30-Jun-2018

Return as on
29-Feb-2024
₹5000 invested monthly over 5 years would have grown to ₹4.84 lakh
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Charges for this plan

Steps to buy

Create your child savings plan

Fill Application Form

Make payment & upload documents

 Policy
Issued

Keep these documents handy

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Need Help? Call us Today

1800-209-9777

Why choose ICICI Prudential Life?

₹2.50 Lakh Crore+

Assets Under Management as on March 31, 2023^^

7.71 Crore+

Lives Covered as on March 31, 2023^^

₹2.36 Lakh Crore

Benefits paid till March 31, 2023``

1 Day<

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Settlement

Frequently Asked Questions

Who all can buy this plan?
SmartKid with ICICI Pru Smart Life Plan 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.
SUITABILITY CALCULATOR
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