Unified Child Plan Calculator

^<1 Day is a working day, counted from the date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays /Bank holidays/Public holidays.

a) All due premiums in the policy have been paid and the policy has been active for 3 consecutive years preceding life assured’s death.

b) Mandatory documents to be submitted at Branch Office- Claimant statement form, Original policy certificate, Copy of death certificate issued by local authority, AML KYC documents- Nominee’s recent photograph ,Copy of Nominee’s pan card, Nominee’s current address proof, photo identity proof, Cancelled cheque/ Copy of bank passbook, Copy of medico legal cause of death, Medical records (Admission notes, Discharge / Death summary, Test reports, etc.), For accidental death - Copy of FIR, Panchnama, Inquest report, Postmortem report, Driving license.

c) Total claim amount of all the life policies held by the Life Assured <= ₹1.5 Crore.

d) Claim does not require any on-ground investigation

1 Day is a working day, counted from date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays/Bank holidays/Public holidays. Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations. Under ULIP policies, if claim is submitted prior to 3 pm then the claim will be considered under Claim For Sure on the same day. If claim is submitted post 3pm or if the policy is inactive at the time of claim notification then the claim will be considered under Claim For Sure the next day as per availability of NAV.

^ΔMinimum premium is applicable for specific ages. Please refer the product brochure for more details.

^¶Guaranteed security of future-refer to Smart Benefits feature in the brochure for more details.

^|Regular Income-refer to partial withdrawal benefit in the brochure for more details.

^°4 benefits in 1- refer to Partial withdrawal feature, Smart benefit, Loyalty benefits & wealth boosters and Life Cover in the brochure for more details.

^≈Loyalty Bonus consists of Loyalty benefits and Wealth boosters. Please refer the product brochure for more details.

^`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 Single 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.

^·Life cover is the death benefit payable on death of the Life Assured during the policy term.

a. On death of the Life Assured while monies are not in the Discontinued Policy Fund (DP Fund), the Death Benefit payable will comprise of two parts:

• Lump Sum Benefit - A benefit paid out at the time of claim to take care of any immediate liabilities of the family
• Smart Benefit - A deferred benefit that ensures that your savings for your desired goal continues uninterrupted.

• Sum Assured
• Minimum Death Benefit

b. On death of the Life Assured while monies are in the DP Fund, the Death Benefit will be the DP Fund Value. Thereafter this policy shall terminate and all rights, benefits and interests under this policy shall be extinguished.

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 Single 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.

The static illustration is for a 28-year-old female parent(Life assured), investing Rs 1 lakh per annum for 20 years and with a policy term of 20 years. She receives Rs 40.4 lakh at 8% ARR or Rs 25.6 lakh at 4% ARR at policy maturity. This illustration has in-built premium waiver benefit.

Download Product Brochure here

Smartkid with ICICI Pru Smart Life UIN: 105N201V08

Download ICICI Pru GIFT Pro Product Brochure here

Download ICICI Pru WOP Rider Brochure here

SmartKid Guarantee is combination of benefits of two individual and separate products named,
1) ICICI Pru GIFT Pro and
2) ICICI Pru Non-Linked Waiver of Premium Rider.
The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale.

⁺Life Insurance Cover is the benefit payable on death of the Life Assured during the policy term

^{^}Guaranteed Benefits will be payable subject to all due premiums being paid

¹You can choose to receive any percentage from 0% to 100% of the sum total of all annualized premiums payable by you as MoneyBack Benefit. This will be paid as a Lump sum amount. Additionally, you also have the flexibilty to choose any year, on or after the maturity date of the policy up to the last income year, to receive this MoneyBack Benefit. Your Guaranteed Income amount will be adjusted based on the MoneyBack Benefit % and payout year selected by you.

^$ICICI Pru Smartkid Guarantee offers 8 options in income period namely 5,7,10,12,15, 20, 25 and 30 years. The customer can choose any plan option from the eight available options. Please refer to the brochure for more details.

^`Waiver of premium rider when attached to a base policy will waive all future premiums payable under the Base Policy including any Underwriting Extra Premiums on the occurrence of the contingent event, as mentioned under the chosen Benefit Option. Kindly refer to the Sales Brochure of ICICI Pru Linked Waiver of Premium Rider for further information.

The static illustration is for a 28-year-old-male parent(proposer) buying in the name of 4 years old girl child (life assured), investing Rs 2.04 lakh per annum for 12 years and with a policy term of 14 years. From 15th year, child gets guaranteed annual income of Rs 2.86 lakh which increases by 5% simple interest every year for 10 years. Child also gets Rs 24.7 lakh lumpsum as 100% moneyback benefit along with the last income. This illustration has accounted for WOP rider. Total premium = Rs 24 lakh (Base policy premium) + Rs 0.48 lakh (WOP rider premium).

^*Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to conditions under 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.

^1aTotal Premiums Paid means the total of all premiums received, excluding any extra premium, any rider premium and taxes

²If you opt for “Low Cover Income Booster” the sum assured on death will be lower and your guaranteed income will be increased.

^#You have an option to receive Guaranteed Income every year on a Special Date of your choice preceding the due date of first GI pay-out during the Income Period, if you have opted for annual mode of income. The Special date can be chosen to coincide with any date such as, Date of Maturity, birth date or anniversary date etc. Payment of Guaranteed Income will commence from this Special Date and all further GIs will be paid every year on this Special Date chosen. You can select the Special Date at policy inception or any time before two months of the completion of the policy term.

^*Tax benefits/Tax-free returns under the policy are subject to conditions under Sections 80C, 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 applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

^¶Level Income and Increasing Income are income options available under Smartkid Guarantee. Guaranteed Benefits will be payable subject to all due premiums being paid. Under Level Income, the Guaranteed Income will remain constant throughout the income period. If Increasing Income is selected, the Guaranteed Income will increase at a simple interest rate of 5% p.a. You can either opt for Level Income or Increasing Income option. This option has to be selected at inception and cannot be changed later.

³Maturity Sum Assured is the discounted value of future GIs and MoneyBack Benefit (if applicable) computed at discount rate of 8.00% p.a. at the end of the policy term.

^$$The returns are derived basis age, gender and premium of the customer, pre-populated from the information provided at the time of filling the personal details in the calculator.

^~Additional Benefit is offered for online sales: For both Level Income/Increasing Income Plan option, Extra 3% of Guaranteed Income and Moneyback Benefit is applicable

^☩You can take a policy loan after your policy acquires a surrender value. The maximum loan amount will be 80% of the surrender value.

^{^^}Data regarding AUM is as per Annual Report of the Company for FY2024.

^T77.1 mn lives covered across our individual and group customers as per ICICI Prudential Life Council Report .

^&Policies issued on or after April 01, 2023 where aggregate premium in respect of Non - Unit linked life insurance policies more than ₹ 5 lakh p.a. is not exempt u/s 10(10D) of the Income Tax Act, 1961. Tax benefits under the policy are subject to conditions under Sections 80C, 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 applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

^>Conditions to be abided by for GST waiver:

1. The premium should be paid from the individual’s NRE bank account only and the account statement should be submitted as a proof for the premium payment

2. The individual should be residing abroad and must submit the foreign residence address proof. Any change in the residential status should be intimidated to ICICI Prudential Life Insurance 15 days prior to acquiring the changed status.

3. Premiums from the 2nd instalment onwards will continue to show the GST component. The same can be waived off / refunded at the time of renewal provided these documents are resubmitted.

4. The company reserves the right to cancel the policy in case of misinterpretation of details submitted or inability to submit the required documents.

5. ICICI Prudential Life Insurance Company Limited will be indemnified against any incorrect/inadvertent claim of GST on premiums along with interest, if any, as applicable from time to time in accordance with the GST law.

6. The premium payment done through debit card, credit card, wallet or any other card will not be considered for GST refund and full GST must be paid in such scenarios.

^!jClaim settlement ratio is for Financial Year FY2024-25 and is computed on individual basis claims settled over total individual claims for the financial year. For details, refer to Source: /about-us/investor-relations/yearly-public-disclosures.html?ID=about3

ICICI Pru Non-Linked Waiver of Premium Rider. UIN: 105B044V02

ICICI Pru Smartkid Guarantee UIN: 105N201V04

Advt. No.: W/II/0430/2024-25