With the cost of living rapidly rising, it is important to secure the future of your family, especially that of your children. As a parent, choosing the right investments will help secure your child’s future. The right investments will not only help you fulfil their present needs but also adequately support their future financial requirements.

The ICICI Pru Smart Kid Plan can be an appropriate investment option for your child’s needs. This Unit Linked Insurance Plan (ULIP) grows your hard-earned money while providing a life cover~ to keep your child protected in case of an unfortunate event. Here are some benefits of buying the ICICI Pru Smart Kid Plan:

Growth of investment

With ICICI Pru Smart Kid, you get the option to allocate your money in the funds of your choice basis your risk appetite, and financial objectives such as your child’s education or wedding. You can choose from equity funds which provide high returns, low-risk debt funds, balanced funds which give you the best of both worlds or a mix of all the three. This will help you receive effective returns and accumulate larger savings for your child’s future.

Loyalty bonus

To further help you grow your funds, the ICICI Pru Smart Kid Plan also offers rewards in the form of loyalty additions and wealth boosters. Loyalty additions are added every year from the sixth year of the purchase of the policy as a reward for staying invested. Wealth boosters, on the other hand, are added once every five years, starting from the tenth year of the purchase of the policy. So, in a plan with a tenure of 25 years, you get wealth boosters four times. Both loyalty bonuses and wealth boosters are added to the plan only after all premiums for the period are paid.

Easy access to funds

Along with your child’s long-term needs, the plan also helps you plan for their immediate requirements. The policy allows you to withdraw1 a part of your money as per your child’s need. This feature gives you easy access to your funds in case of an emergency while the rest of your money grows.

Financial protection:

Apart from providing effective returns on investment, the ICICI Pru Smart Kid Plan also offers assured financial protection for your child in the form of a life cover~. In case of an unfortunate event, your child will receive an assured amount to ensure that their financial requirements are taken care of.

Premium payment flexibility

The ICICI Pru Smart Kid Plan provides convenience in premium payment by giving an option to pay the premium as a lump sum amount or regularly throughout the policy term. Further, you can opt for your preferred premium payment frequency – yearly, half-yearly, or monthly.

Tax* benefits

The premiums you pay for the ICICI Pru Smart Kid Plan are eligible for deduction up to ₹ 1.5 lakh under Section 80C of the Income Tax Act, 1961. Moreover, the maturity or sum assured paid is also tax-free* under Section 10(10D) subject to conditions mentioned therein. These advantages will help you increase your savings.

As a parent, the ICICI Pru Smart Kid plan is the smart choice for your child’s present and future security. The significant returns and assured benefits under the plan enable you to provide the desired future for your child.




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1 Provided monies are not in DP Fund. You can make an 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. DP Funds refer to the Discontinued Policy Funds and consist of money from the lapsed policy.

2 Loyalty Additions will be allocated as extra units at the end of every policy year, starting from the end of the sixth policy year, provided monies are not in DP Fund. 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.

3 Starting from the end of 10th year, Wealth Booster will be allocated as extra units to your fund value once every 5 years. Wealth Booster will be a percentage of the average of the Fund Values on the last business day of the last eight policy quarters. The Wealth Booster percentage would be 1.50% for Single Pay and 3.25% for Regular Pay and Limited Pay policies.

* Tax benefits under the policy are subject to conditions under Sections 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

~ Life Cover is the benefit payable on death of the life assured during the policy term.

ICICI Pru Smart Life (unit-linked non-participating individual life insurance plan) - UIN: 105L145V08


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