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IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDERU
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 Savings Plan ULIP

Build a promising
future
for your child

Build a promising
future
for your child

A smart savings insurance plan to grow fund for your child's future expenses and financially secure your child in case of an unfortunate event of the proposer’s death
Buy online and avail 0% premium allocation charges
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Company acts as Parent for your child

Flexible maturity payout options

Flexible withdrawal in times of need

Life cover/ amount

View all benefits

Company acts as Parent for your child

Flexible maturity payout options

Flexible withdrawal in times of need

Life cover/ amount

Investment grows with your child

Save Money with tax* benefits

Fund switch flexibility

Create a corpus for your child without any additional cost

Buy online and avail 0% premium allocation charges
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Child Savings Plan Calculator


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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 basis 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. By investing in a child plan you will be able to build an adequate amount of fund by investing a nominal amount regularly. With flexible withdrawals and payout features ...Read More

What is SmartKid Growth Plan?


SmartKid Growth is a savings insurance plan that helps parents grow their wealth through market-linked funds to secure their child’s future along with a life cover benefit....Read More

The lifeline your child needs in times of crisis

Premium waiver benefit rider
Premium waiver benefit rider allows the child to continue receiving the benefits in case the parent (proposer) is not able to pay premiums due to an unforeseen event...Read More
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There are 4 identified scenarios, where parents/family might need to focus on medical expenses or other urgent needs without any additional worry about the fund requirements for the child’s future.
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Death
Death
in case of an unfortunate event of the proposer’s death
Accidental total permanent disability
Accidental total permanent disability
If the proposer becomes totally and permanently disabled due to an accident, providing financial support when it is needed the most. Check the list of disability
Check List of disability
Terminal illness
Terminal illness
In case the proposer is diagnosed with a terminal illness, enabling the proposer to redirect funds towards medical or other urgent expenses
Critical illness
Critical illness
If the proposer is diagnosed with any of 15 listed critical illnesses, allowing the family to focus on their treatment and recovery process of the proposer
Check List of critical illness
If the Parent buys for Self, premium waiver will be applicable on only Health (Accidental total permanent disability, Terminal illness or critical illness). If the parent buys in spouse’s or child’s name, premium waiver will be applicable on both Life and Health (Accidental total permanent disability, Terminal illness or Critical illness).

Recommended For

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

How the plan works?

Myth Busters
One plan, multiple objectives

Plan Snapshot

Premium waiver benefit4

Available on Critical illness/death

Life Cover

Yes, as per required level of protection

Withdrawals+

Unlimited free withdrawals after a 5 year lock-in period

Premium Payment Term Options

Regular pay/ Limited
Pay

Minimum Investment
₹2500 p.m

Waiver of Premium
Rider Minimum
Premium: Rs 11 p.m

Tax* benefits on Returns

u/s 10(10D)

Tax benefit* on premiums

u/s 80C

Top up premium

Yes, minimum amount to be ₹2000

Decrease In policy term

Yes

Fund switches

Unlimited free fund
Switches5

Benefit Illustration

ICICI Pru pay every future installment till policy matures

View returns at

Parents paid: ₹5.04 Lakhs

Company paid: ₹5.04 Lakhs
for 5 years

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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WE CAN HELP!

Have some queries? Our advisors can help!

Why choose ICICI Prudential Life?

₹2.94 Lakh Crore7

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``

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1 Day<

Claim
Settlement

Frequently Asked Questions

What are the benefits that I get under this plan?
The ICICI Pru SmartKid Growth plan is a systematic wealth creation plan which can be purchased online to achieve your long-term financial goal. Some unique benefits of this plan are-
  1. 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
  2. Online benefit- This plan has 0% premium allocation charges+ making it a very attractive long-term proposition
  3. Loyalty benefits- Get rewarded with Wealth Boosters2 at regular intervals by just staying invested in the plan.
  4. Life cover/- Life Cover/ for the entire policy term so that your family is financially secured even in your absence.
  5. Whole-life option - Enjoy policy benefits till 99 years of age with the Whole Life option.
  6. Flexibility- Choice of 4 portfolio strategies and wide range of funds across equity, balanced, and debt to suit your investment needs
  7. Free Switches5- Switch between the funds as many times for Fixed Portfolio Strategy, completely free of cost.
  8. Tax-benefits- You may receive tax-free* maturity amount under Sec 10(10D) and deduction of premiums paid u/s 80C*
  9. Systematic withdrawals- Option to get regular money from your fund value with Systematic Withdrawal Plan
  10. 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
  11. 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
  12. Low charges- Entire premium without any deductions is invested in the funds along with the return of mortality and policy administration charges at maturity