Child’s Savings Plan

^`Company pays all due premiums in your absence provided all due premiums have been paid. Units will continue to be allocated as if the premiums are being paid – to ensure that your savings for your desired goal continues uninterrupted.

^*Tax benefits under the policy are subject to conditions under Section 80C, 80D, 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 prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

⁺Partial withdrawals are allowed after the completion of five policy years provided monies are not in Discontinued Policy Fund. You can make unlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of the Fund Value in a policy year. The partial withdrawals are free of cost. For the purpose of partial withdrawals, lock in period for Top-up premiums will be five years from date of payment or any such limit prescribed by IRDAI from time to time. Partial withdrawal will not be allowed if it results in termination of the policy.

^‘1% discount on premium allocation charges is applicable only for Year 1 of Regular and Limited pay policies. In case of One pay, discount applicable is 0.5% of Single Premium.

^{^}Loyalty Additions are applicable from the 6th policy year onwards. This is in the form of extra units at the end of every policy year. Each Loyalty Addition will be equal to 0.25% of the average of the Fund Values on the last business day of the last eight policy quarters. You get an additional Loyalty Addition of 0.25% every year from the end of year 6 if all premiums for that year have been paid.

¹Wealth Boosters will be allocated as extra units at the end of every 5th policy year starting from the end of the 10th policy year. Each Wealth Booster will be 3.25% for Regular pay /Limited pay policies and 1.5% for One pay policies of the average of the Fund Values on the last business day of the last eight policy quarters.

²Switches are only applicable for fixed portfolio strategy and not applicable for other portfolio strategies.

³The minimum Top-up premium is ₹ 2,000. Top-up premiums can be paid any time except during the last five years of the policy term. A lock-in period of five years would apply for each Top-up premium for the purpose of partial withdrawals only. At any point during the term of the policy, the total Top-up premiums paid cannot exceed the sum of base premium(s) paid till that time. The maximum number of top-ups allowed during the policy term is 99.

^~Source: CARE ratings https://www.businessinsider.in/education/news/average-education-expenditure-in-india-increases-fourfold-to-8331-per-student/articleshow/72282009.cms

^{^^}Source: /content/dam/icicipru/about-us/FinancialInformation/AnnualReports/FY2021-AnnualReport.pdf

^``Source: /content/dam/icicipru/about-us/mediacentre/Bonus_declaration_-_Press_Release_-_07_June_2021.pdf

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. UIN of ICICI Pru Smart Life: 105L145V07. Advt. No.: W/II/0963/2022-23.