Smart Benefit

Money for key milestones

Market linked returns

Future

Invest in ICICI Pru Smart Kid and ICICI Pru Smart Life and secure your child’s future even in your absence

www.iciciprulife.com

TABLE OF CONTENTS

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

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Introduction

What scares Indian parents the most?

Why a Child Insurance Plan is a must have for every Indian parent?

How does ICICI Pru Smart Kid with ICICI Pru Smart Life help you save money and protect your child’s future?

Convenience of buying online

What are ULIPs?

Why people invest in ULIPs for their child’s education?

What are the charges I should know of?

How to buy ICICI Pru Smart Kid with ICICI Pru Smart Life online?

Steps to buy online

How to fill online application form

List of documents

Product at a glance

Frequently Asked Questions (FAQ)

Contact us

Terms and conditions

Disclaimers

WHAT SCARES INDIAN PARENTS THE MOST?

The cost of education in India is no child’s play. Starting from kindergarten, that can cost you anywhere between ` 60,000 to 2 lakh11 per year. Even pre-schools are costing a bomb now as most of them double as creches providing day care facilities to working parents.

Let’s have a look at what The Economic Times12 has to say about the rising cost of Education in India

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You love your child more than anything in the world and work hard to provide her the best life. There is no doubt that you will be willing to spend a fortune on the best schools in town for your little one!

This unit linked insurance plan not only helps you save money for your child’s future but it also ensures the plan continues to save for your child even when you are not around provided all due premiums are paid. This illustrated brochure will help you save for your child’s education with our plan ICICI Pru Smart Kid with ICICI Pru Smart Life. It also provides comprehensive information about the plan, returns of this plan & steps to buy this plan online.

INTRODUCTION

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Invest in ICICI Pru Smart Kid with ICICI Pru Smart Life and secure yourchild’s future even in your absence.

Rising cost of education clearly stands out to be the biggest worry of almost every Indian parent, but have you considered if you are no longer there, will your family will be able to bear your child’s education expenses in the future?

Source:

11. http://timesofindia.indiatimes.com/city/pune/Steep-fees-but-most-parents-willing-to-pay/articleshow/52001676.cms

12. http://economictimes.indiatimes.com/wealth/insure/why-you-must-have-a-child-insurance-plan/articleshow/30943498.cms

Rising Education

Costs

60

65

150

14-20 lakhs

60% Parents agree to education costs being the topmost cause for concern

65% of your take home salary will be spent on Education + extra curricular activities

During 2005-2015, there was a 150% rise in education costs in India

Tuition fees of top management institutes in India is between` 14-20 lakhs per year

By 2050, there are expected to cross` 1 crore

Rising Education Costs in India

This plan works like any other investment with the potential to grow your money and you get a lump sum at maturity for your child’s education.

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See past fund performance of our child plan ICICI Pru Smart Kid withICICI Pru Smart Life

What makes this plan different is that if something unfortunate happensto you:

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The life cover amount is paid to the appointee (chosen by you) in case your child is a minor, this amount helps to pay for any immediate liabilities

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The policy continues with no more premiums to be paid by your family# b.Your child receives the fund value at maturity to secure her futurec.

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According to the NCRB statistics12, an Indian dies in an accident every 90 seconds. It is a terrifying thought for any parent to leave his child behind without adequate funds and means to lead a comfortable life. The only way to overcome this worry is to invest in a plan that saves for your child’s future education even in your absence.

WHY A CHILD INSURANCE PLAN IS A MUST HAVE FOR EVERY INDIAN PARENT?

To ensure that no compromises are made with the child’s education, we maintain a strict discipline in managing the policy holder’s funds. Our investment process is a function of extensive research and is based on data and reasoning backed by superior risk control measures.

Past Fund Performance and Benchmark Performance

Fund & Benchmark Details

LatestNAV(`) 1Year 2Year 3Year 4Year 5Year Since

Inception

InceptionDate

Maximiser VS&P BSE 100

Multi Cap Growth FundNIFTY 500

Opportunities FundBSE 200

Bluechip FundNIFTY 50

Maximize India FundNIFTY 500

Multi Cap Balanced Fund55% NIFTY 500 & 45%CRISIL Composite Bond Fund Index

Income FundCRISIL Composite Bond Fund Index

21.35

23.11

21.16

18.14

11.13

20.51

18.87

17.27%15.29%

17.88%16.26%

14.09%15.84%

15.27%13.08%

15.81%17.37%

15.71%15.38%

13.86%13.65%

0.61%-0.40%

5.20%1.47%

3.22%0.82%

1.70%-1.41%

NA

5.98%5.72%

9.34%10.45%

14.87%13.30%

20.77%16.14%

17.11%15.11%

15.25%

12.01%

NA

15.76%14.59%

11.55%12.08%

12.93%9.72%

14.95%11.37%

13.52%10.73%

11.29%9.13%

NA

12.98%11.00%

9.93%9.87%

14.07%11.15%

15.15%12.55%

13.77%12.01%

11.29%10.48%

NA

13.40%11.59%

10.12%9.77%

13.88%11.10%

11.24%8.23%

9.89%8.02%

7.70%7.50%

1.70%2.32%

9.92%8.72%

9.32%8.89%

Aug 29,2011

Nov 24, 2009

Nov 24, 2009

Nov 24, 2009

Feb 23, 2015

Nov 24, 2009

Nov 24, 2009

Returns (p.a.)

Money Market FundCRISIL Liquid Fund Index

17.817.44%7.46%

7.75%7.75%

8.18%8.24%

8.39%8.45%

8.56%8.44%

8.17%7.86%

Nov 24, 2009

Equity

Balanced

Debt

Returns displayed are annual returns of the fund and the corresponding benchmark index performance since inception and for the previous 5 calendar years.

Returns as on March 31,2017.

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Past performance is not indicative of future.

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HOW DOES ICICI PRU SMART KID WITH ICICI PRU SMART LIFE HELP YOU SAVE MONEY AND PROTECT YOUR CHILD’S FUTURE?

SEARCH

Anand has been looking for a comprehensive plan that:

Helps him save regularly preferably every month for Neha’s future

Provides him good returns that meet the rise in the cost of education

Provide life cover to Srilata & Neha

Continues to save money for Neha in case of his death without making any compromise and provide her with the money when she needs it

He goes online to research more about child education plans and this is where he comes across ICICI Pru Smart Kid with ICICI Pru Smart Life plan.

Meet Anand, 32 year old software engineer working with an MNC.

He is married to Srilata who is a housewife and they have a beautiful baby girl Neha, who just turned 2.

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Buy Online

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The maturity value at 4% growth scenario will be `17.38 Lakhs`

As Neha is 2 years old she will need the money in about 15-20 years which means, the policy term of the plan has to be atleast 15 years.

If everything goes as per his plan, Neha will receive the money he planned for her at the right time. But if something happens to Anand during the policy term his wife Srilata and their daughter Neha will receive a life cover of ` 10 lakhs which will support them with immediate expenses. The beauty of this plan is that it does not end the policy here and continues to pay the premiums and save on behalf of Anand for the remaining policy term. This feature is also called the Smart Benefit.

Thus, with a premium amount of ` 1 lakh per year (exclusive of taxes) for a policy term of 15 years, Anand can provide his family with the security of a life cover of ` 10 Lakhs. On maturity of the plan, Srilata & Neha will receive ` 24.28 lakh (@ 8% ARR`) as the maturity amount.

Anand needs about ` 25 lakhs on maturity which will help Neha for her education.

`ARR means assumed rate of return. If the policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance

Enter premium amount and see benefits

Enter your personal details (click here to see how to fill online application form)

Make payment

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Buying our ULIPs online is really simple and you can buy online in less than 10 minutes* on our website www.iciciprulife.com in 3 easy steps:

CONVENIENCE OF BUYING ONLINE

The advantage you get when you buy online is a 1% exclusive discount on your first year premium, which means more savings for you.

More so, you also get an instant premium payment receipt∞ which you can use for filing your taxes.

However, the advantage of buying online is not just limited to this. When you buy online with us, you get:

Buying Assistance

We understand that most of you would be new to making investments online and hence, We have set up a team of executives who can help you and guide you through the process. The team is available from Monday to Saturday between 10 am to 6pm. You can get an instant call back for any clarification or assistance you need while filling the online application form from our team of executives. Simply click the ‘Get a call back’ button on the application form and one of our experts will call you instantly and guide you through the product queries and purchase process.

We have also introduced a co-browsing feature which will allow you to share your screen with our expert who can help you in completing your application and documentation process.

∞Tax benefits can be availed subject to issuance of policy and other conditions as per prevailing tax laws.

*Subject to realisation of the payment and documents

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Get A Call Back

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Servicing Assistance

We provide dedicated online support for any of your policy servicing requirements. Here are the various ways you can connect with us.

EmailSend us an email through your registered email id onbuyonline@iciciprulife.com

FacebookDirect message us on Facebook or scan

TwitterDirect message us on Twitter or scan

Call usCall us on 1860 2667766

Once you have purchased the policy and generated a login id and password, we have also made the below list of services available for you on our website under the services tab:

Check your policy fund value

Pay premiums online

Switch between funds*

Top up your policy*

And more services like E welcome Kit for your policy

For instance, if you want to check your policy fund value, you have the following options available:

*List of services vary from product to product

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Website: Click here to go to our website and enter your policy number & date of birth. Your fund value will be sent to your registered mobile number.

SMS: Type “NAV” and send to 56767 from your registered mobile number.

ICICI Pru Life online account: Login to your ICICI Pru Life account and click on ‘Check fund value’.

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Buy Online

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Unit-Linked Insurance Plans or ULIPs are ‘protection + savings’ life insurance plans. Under the protection component, a life cover is provided to the policyholder. The savings component uses a part of your premiums and invests it in equity or debt instruments of your choice.

ULIPs are apt for individuals who have a long term investment horizon which makes it ideal for goal-based saving.

WHAT ARE ULIPS?

More than 2 lakh* of our customers have secured their child’s education by investing in ICICI Pru Smart Kid with ICICI Pru Smart Life.

While, there are various instruments in the market that offer your money security, here’s why people invest in ULIPs:

WHY PEOPLE INVEST IN ULIPS FOR THEIR CHILD’S EDUCATION?

Switching benefit: You have the choice to switch your money between equity, debt or balanced funds in different ratios. You can switch between funds 4 times in a year for free.

You can move your money in equity funds when the markets are high and move to debt funds when the markets are low. This way you can get the best of both worlds!

Choice of investment strategy: You may want to allocate your investments yourself or would want to put them in auto mode. With the Fixed Portfolio Strategy you can choose to invest in 8 different funds in debt and equity markets. In the Life cycle based Portfolio Strategy your money is automatically allocated to equity and debt funds based on your age. As you grow older, your money is systematically transferred from equity to debt to secure it when the policy matures. Click here to see how this can be done.

*Above number of 2,14,443 represents the number of people who have bought ICICI Pru Smart Kid with ICICI Pru Smart life and ICICI Pru Smart Life plan and have chosen their child as the nominee. These policies have been sold through different channels of the company between the period February 23, 2002 to April 20, 2017.

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Access to your money: You can withdraw up to 20% of your fund value after the 5th policy year, while ensuring that your end goal of securing your child’s education remains on track^. With this facility you can withdraw money in case of an emergency.

This facility is free and you do not incur any charges when you want to withdraw your money. Additional your life cover amount continues to remain the same. You can withdraw money at key educational milestones of your child.

You can change your investment strategy anytime during the policy term. There are no charges when you change your investment strategy and you can do this once every policy year.

Additional benefits on staying invested for a long term: When you stay invested longer than five years, the company adds to your savings. These additions are given in the form of Loyalty Additions^^ and Wealth Boosters +. These additions can be as high as 3.25% of the fund value, which means a larger the fund value will help you get larger additions to your fund. Read more about the additions here.

Stay invested in this plan for at least 10 years to enjoy both the loyalty benefits. These additions can help you reduce the overall plan charges.

Choose to pay regularly for the entire policy term to enjoy additional loyalty additions of 0.25%, hence over all loyalty additions sum up to be 0.50% of your fund value.

^^Loyalty Additions are applicable from the 6th policy year onwards. This is in the form ofextra units at the end of every policyyear. Each Loyalty Addition will be equal to 0.25% of the average of the Fund Values. 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.

^Partial withdrawals are allowed after the completion of five policy years provided monies are not in DP Fund. You can makeunlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of theFund Value in a policy year. The partial withdrawals are free of cost.

+Wealth 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 policies and 1.5% for Single Pay policies of the average of the Fund Values.

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Other benefits: Regular savings make the basis for long-term successful planning. ULIPs help you save regularly in a disciplined manner when you allocate some money to be invested as your premiums.

ULIPs also offer the option of Premium Redirection and Top-ups that give you more control over your money. Read more about Premium Redirection and Top-ups here.

You can use the top up option to add more units when the market is low.

Tax savings: Avail tax benefits under section 80C, up to ` 1.5 lakh on the premium paid towards a life insurance plan. You can get tax benefits on the money you receive upon maturity subject to conditions under section 10 (10D) of Income Tax Act 1961.

Choose a life cover amount which is at least 10 times the annual premium to get the tax benefits under section 10(10D).

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Another great advantage you have by investing in ICICI Pru Smart Kid with ICICI Pru Smart Life is the low charges you pay

While there might be varied charges under your policy like premium allocation charge, policy administration charge, fund allocation charge and mortality charge, however after adjusting loyalty additions and wealth boosters, the total cost you pay per annum only works out to 1.60% p.a.*

If you choose to invest for a longer term, the charges reduce even further as shown in the illustration below.

Illustration: 35 year old male with a opting for ICICI Pru Smart Kid with ICICI Pru Smart Life with a monthly premium of ` 4000. Charges shown are after adjusting loyalty additions and wealth boosters.

WHAT ARE THE CHARGES I SHOULD KNOW OF?

0.00%

0.40%

0.80%

1.20%

1.60%

1.60%

1.05%

0.81%

0.68%

Premium paying& Policy Terms

10 years

Premium paying& Policy Terms

15 years

Premium paying& Policy Terms

20 years

Premium paying& Policy Terms

25 years

Charges per annum under the plan

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Through the above chart, you can see that the charges per year on an average in ICICI Pru Smart Kid with ICICI Pru Smart Life are only 1.6%. Also, the average charges per year in this plan keep decreasing the longer you stay invested. So if you are invested for 25 years, the charges per year on an average drop to a mere 0.68%.

*Charges shown are for 35 year old male, with a monthly premium mode and premium of ` 4000 p.m. opting for a premium term and policy term of 10 years after adjusting for loyalty additions and wealth boosters with 100% allocation towards Opportunities fund. The above charges are applicable if you purchase this plan from our website. Charges are exclusive of service tax and mortality cost.

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BENEFITS IN DETAIL

Death Benefit

On death of the Life Assured the benefit will comprise of two parts:

Lump sum benefit, which is higher of1.

Sum Assured including Top-up Sum Assureda.

Minimum Death Benefitb.Minimum Death Benefit = 105% of the total premiums paid including Top-up premiums, if any

Smart Benefit: Under this benefit, for Regular Pay policies, following the date of death of the life assured, provided all due premiums have been paid, units equivalent to the installment premium will be allocated by the Company on the subsequent premium due dates.This benefit is not applicable for the One Pay option.

2.

Maturity Benefit

On maturity of the policy, you will receive the Fund Value including the Top-up Fund Value, if any. This is paid irrespective of the survival of the life assured till the maturity date.

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This can be availed in any of the following forms:

Loyalty AdditionsT&C3

As a lump sum

As a structured payout (using Settlement Option)

6th policy year onwards, you will get rewarded for paying your premiums regularly

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

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

Wealth BoostersT&C4

Wealth 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 policies and 1.5% for Single Pay policies of the average of the Fund Values

So, for a 25 year Policy Term, Wealth Boosters will be allocated 4 times

Top-up

You can invest any surplus money as Top-up premium, over and above the base premium(s), into the policy.

The following conditions apply on Top-ups:

The minimum Top-up premium is ` 2,000.

Your life cover will increase by Top-up life cover when you avail of a Top-up. Limits on Top-up life cover multiples are the same as those applicable for the One Pay premium payment option and are based on the age of the life assured at the time of paying the Top-up premium.

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Top-up premiums can be paid any time except during the last five years of the policy term, subject to underwriting, as long as all due premiums have been paid, provided the monies are not in the Discontinued Policy (DP) fund.

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.

Premium Redirection

This feature is applicable only if you have opted for the Fixed Portfolio Strategy and provided monies are not in DP Fund. If you have selected Fixed Portfolio Strategy, at policy inception you specify the funds and the proportion in which the premiums are to be invested in the funds. At the time of payment of subsequent premiums, the split may be changed without any charge. This will not count as a switch. This benefit is not applicable for the One Pay option.

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Buying ICICI Pru Smart Kid with ICICI Pru Smart Life online is very simple and can be finished in 10 mins*. You can buy online from us with any of these options

HOW TO BUY ICICI PRU SMART KID WITH ICICI PRU SMART LIFE ONLINE

Visit our website www.iciciprulife.com or <Click here>

On our Smart Kid quotation page, click on get a call back option.

Send an email to us on buyonline@iciciprulife.com

Give us a missed call on 18003157751

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Steps to buy ICICI Pru Smart Kid with ICICI Pru Smart Life online:

The entire journey of buying ICICI Pru Smart Kid with ICICI Pru Smart Life online is easy and is self-explanatory but we have prepared a detailed step by step online buying guide for you.

Once you come to our Smart Kid product page, follow these instructions:

Step 1: Enter your mobile number, email id, gender and date of birth date of birth

This will help us send the quotation to you

Step 2: Click on ‘Show returns’

Before submitting, double check the details you have entered. Once you submit, these elements are fixed and non-editable.

You may also uncheck call back option if you do not wish to receive a call from us.

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*Subject to realisation of the payment and documents

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Quotation – Premium and Benefit Calculator page

Step 1: Enter premium payment term

You may choose from paying only once or regularly

Maximum entry age: One Pay & Regular Pay - 54 years

Step 2: Enter premium payment frequency

You have the options of paying premiums monthly, half-yearly or annually

Step 3: Enter policy term

You can choose policy term of 10 years, 15 years, 20 years or 25 years .

Maximum maturity age: One Pay & Regular Pay - 64 years

If your child is 3 years old, select a policy term of at least 15 years so that the plan matures when your child is 18 and needs the money for her education.

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Step 4: Enter premium

Enter the premium amount you wish to pay

The amount cannot be less than ` 45,000 annually. Click here to see applicable minimum premium values.

Step 5: Sum assured

Enter the sum assured as per your protection needs.

Step 6: Choose fund allocation

You can choose policy term of 10 years, 15 years, 20 years or 25 years.

You can choose a sum assured of 10 to 15 times your annual premium.

You have the option of choosing between fund allocation as per your age or fund allocation as per your choice.

1. If you choose fund allocation as per your age, we will create a unique and personalized strategy for you which will be an ideal balance between equity and debt, based on your age

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2. If you choose fund allocation as per your choice, you have the option of Automatic Transfer Strategy. If this is chosen, you can invest all or some part of your investment in our debt funds and transfer a fixed amount in regular monthly instalments into any of the equity or balanced funds.

Step 7: Press Click to calculate

Check and confirm all the details you have entered

Step 8: Press Buy Now

Application Form Process

Step by step process to submit application form is explained below.

Note down the 10 digit alphanumeric application number (OB12345678) that is gener-ated on the screen.

You can resume your online application form in two ways in our App Tracker.

1.

2.App no. and Date of Birtha.Mobile no. Date of Birthb.

Please keep your PAN number and KYC documents handy for easier form filling. Click here to know List of applicable documents.

3.

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A. Application Form Process

1. Life Assured Name

Enter your name in the fields given.

Please enter your name as per your ID Proof. If you have a middle name for eg: Ram Kripal Yadav. Enter Ram in the First name field and Kripal Yadav in the Last name field.

2. Date of birth and Gender

You cannot edit your date of birth or gender in the application form. If you have entered incorrect DOB/ Gender. Please start your buying journey again.

3. Marital status

Select your Marital Status from the drop down list

If you have filed for a divorce and not legally divorced yet. Please select married.

4. Education

Select your highest educational qualification here.

Select Post Graduate if you have completed a degree or diploma after your graduation. eg: M.Tech / M.B.A.

Select Graduate if you have completed a Bachelor’s degree eg: B.Tech / B.A.

Select Diploma if you have completed a professional diploma course after Senior Secondary (10+2)

Select 10th or 12th if you have completed Senior Secondary (SSC) or High Secondary (HSC) respectively.

Select Below 10th if you have completed any standard below High School.

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4. Occupation details

Select Salaried if you are working for an organisation on its payroll.

Select Agriculturalist if you belong to any act of soil cultivation (Cultivator, farmer etc)

Select Professional if you are a certified professional and practice the same profession independently like doctor, CA, Lawyer etc.

Select Self-employed if you are a business person

Select Retired if you have retired from a job and not working anywhere.

If you fall under professional and your profession is not mentioned in the drop down. Please select ‘others’ and describe your profession.

If you are a business person running a company, select Self employed and further mention the name of your organisation and organisation type.

Select Student if you are enrolled in a full time course

Select Others if you do not belong to any of the above occupation and give a brief description of your occupation in the Occupation Description box. For eg: Supervisor, Commission agent, contract worker etc.

5. Organization

Select the name of your organisation from the drop down

Organisation names are updated periodically. If your organisation name is not mentioned in the drop down, select “others” and enter the name of your organisation along with organisation type.

6. Organization type

Select appropriate Organisation Type from the drop down

Select Public Limited if the company is listed in stock exchange like Infosys Ltd

Select Government if you are in a state or central government run organisations like Indian railways

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Select Private Limited by checking on the company documents for the full name of the organisation, usually private limited companies use abbreviation like Pvt. Ltd. after their names.

Select Proprietor if the Company is run by a single owner, usually nascent start-ups, and very small organisations.

Select Trust If you are working for a non-profit organisation, an educational institution, or a non-profit healthcare organisation

Select Partnership if it is a partnership firm

Select Society, if it is a group that is formed for a specific purpose, for example Residents Welfare Society, etc

Please select the above to the best of your knowledge

Select Hindu Undivided Family: If you belong to or working for Hindu Undivided Family. It is a class business being run on an inherited property by a member of the family.

Select Public Limited for government organisations which are listed in stock exchange eg: NTPC, ONGC

Use case 1: Mr. Suresh Sharma is working in a software company as a software engineer. He will fill up his occupation details as followsOccupation: Others Occupation description: AccountantOrganisation name: OthersOrganisation name description: Madhur Cooperative Hsg societyOrgnisation type: Society

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Use case 2: Mr Kamal Kishore Mishra, works as an accountant in Madhur residential building. He will fill up his details as followsOccupation: Others Occupation description: AccountantOrganisation name: OthersOrganisation name description: Madhur Cooperative Hsg societyOrgnisation type: Society

7. Trade

If you are employed in export, jewellery, real estate, scrap dealing, shipping, stock broking or agriculture, select Yes.

If you selected yes for ‘Point no. 1’ you need to select your activity type from the drop down list.

Select import/export if you or your company is involved in import or exports of goods

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9. Aadhaar number

You may also provide your Aadhaar No.(12 digit) though it is not mandatory.

Aadhaar Card can be used as a valid Age, Identity and Address Proof

10. Policy objective

Select the objective of buying a policy from drop down.

11. Age proof

Click here to refer eligible age proofs and upload the same

Aadhaar card, Passport and Driving License are commonly used age proofs, which are also used as ID and address proofs

12. Annual income

For total annual income field, enter the amount that is mentioned in your income proof.

8. Pan number

Provide your alphanumeric PAN number (10 digit) here; for example: AAKVP1938L

PAN Card will be used as a valid Age and ID Proof.

Use case 1: If you are salaried and you have received a bonus in this financial year, please enterfollowing amounts

Total of annual salary + bonus, if your income proof is salary slips (last 3 months) andBonus is a part of those slips

a.

Total annual salary, if your income proof is salary slips(last 3 months) and bonus is nota part of those salary slips

b.

Total annual salary of last year, if your income proof is previous years ITR/ Form 16c.

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Use case 2: If you have recently got a hike or moved to a different company with a hike, please enterfollowing amounts

New annual salary, if your income proof is last 3 months salary slips with the new salarya.

New annual salary, if your income proof is your appointment letter and you are less than3 months old in the new organisation

b.

Old annual salary, if your income proof does not reflect updated salaryc.

14. Politically exposed

Select Politically Exposed Person, if you or a member of your family or close relatives hols important positions in political parties, Judicial/ military officials, senior executives of state owned corporations

15. EIA

Enter Electronic Insurance Account (EIA) if you already have an EIA account.

EIA is a free of cost repository which keeps all your policies in electronic form. If you do not have an EIA: from the drop down select one of the options to apply or select not interested

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Enter Nominee name/ gender / relation and date of birth of the nominee

B. Nominee Details

Enter details of Non ICICI Prudential Life insurance policies which are inforce/active

Select Name of the insurer from the drop down and enter the life insurance cover/sum assured.

Click on “Add another Policy” if you have more than one life insurance policies from other life insurers.

C. Previous Policy Details

In case of ULIPs enter the Sum Assured or Life insurance Cover amount and not the fund value/ premium amount.

If your nominee is a minor (less than 18 years old), you will have to enter the details of an appointee who will be authorised to act on behalf of the nominee, till your nominee is legally 18 years old. Appointee has to be older than 18 years old.

Ensure correct details of the nominee or appointee are entered. This will help in easier claim process.

1.

2.

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FATCA and CRS

a. Double check your PAN number if you are only paying taxes in India

b. If you pay taxes in any other country other than India, please enter those details from the drop down.

Indian Engineers who are on a project offsite in a different country for short term, select only India.

1. Select the country of your birth from the drop down if you were not born in India.

Communication address

1. Please enter details as per your address proof

This is required for all future communication with you. In case you stay on rent and you move out to a different place, you can always change the communication address later through various service options available on our website.

2. Enter your permanent address, if it is different than your communication address.

3. Please verify your mobile number and email address

Keep the above mobile phone handy with you, it is required to verify the process at the end of the application form with OTP

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a. Height: Enter your height (Feet) by typing in the fields given. Height in Cms will automatically appear.

b. Weight: Enter your weight in KGs

1. Provide your physical attribute details here

Life assured habit and health details

Provide information to the best of your knowledge

a. Do You Consume Or Have Ever Consumed Tobacco?

b. Do You Consume Or Have Ever Consumed Alcohol?

2. Health details

Once selected at the start of the buying journey, this option cannot be edited here.

Mark “No” if you have stopped consumption of tobacco or alcohol from the last five years

If you are an occasional smoker or social drinker. Please select the minimum quantity as applicable. For eg: If you have started drinking 5 years back but you drink (mostly beer) only twice in a month, please mention details as below:Alcohol consumed as: Beer (Bottles)Quantity per day: 1-2Since how many years: 4

1.

2.

c. Do You Consume Or Have Ever Consumed Narcotics?

d. Have you ever suffered or being diagnosed or been treated for any of the following?

Please go through this in advance, it helps in quick selection during application form filling and select ”No”, if none is applicable

Hypertension/High BP/high cholesterol

Chest Pain/Heart Attack/any other heart disease or problem

1.

a.

b.

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Undergone angioplasty, bypass surgery, heart surgery

Diabetes/High Blood Sugar/Sugar in Urine

Asthma, Tuberculosis or any other respiratory disorder

Nervous disorders/stroke/paralysis/epilepsy

Any Gastrointestinal disorders like Pancreatitis, Colitis etc.

Liver disorders/Jaundice/Hepatitis B or C

Genitourinary disorders related to kidney, prostate, urinary system

Cancer, Tumor, Growth or Cyst of any Kind

HIV infection AIDS or positive test for HIV

Any blood disorders like Anemia, Thalassemia etc

Psychiatric or mental disorders

Any other disorder not mentioned above

If you have suffered with any of the above mentioned in the past, please mention the year in which it had happened in the remarks field below the health questions. If required, Mail those reports to buyonline@iciciprulife.com.

For faster issuance, if you have done a medical examination in the last 1 year from the date of the policy purchase, please share the same with us on buyonline@iciciprulife.com

c.

d. e.

f.

g.

h.

i.

j.

k.

l.

m.

n.

2.

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e. Is your occupation associated with any specific hazard or do you take part in activities or have hobbies that could be dangerous in any way ? (eg - occupation - Chemical factory, mines, explosives, radiation, corrosive chemicals j - aviation other than as a fare paying passenger, diving, mountaineering, any form of racing, etc)

f. Are you employed in the armed, para military or police forces? (If yes, please provide Rank, Department/Division, Date of last medical & category after medical exam)?

g. Family details of the life assured(include parents/sibling) Are any of your family members suffering from /have suffered from/have died of heart disease, Diabetes Mellitus, cancer or any other hereditary / familial disorder, before 55 years of age. if yes please provide details below?

h. Have you lost weight of 10 kgs or more in the last six months?

Do you have any congenital defect / abnormality / physical deformity / handicap?i.

Have you undergone or been advised to undergo any tests/investigations or any surgery or hospitalized for observation or treatment in the past?

j.

Did you have any ailment / injury / accident requiring treatment / medication for more than a week or have you availed leave for more than 5 days on medical grounds in the last two years?

k.

If any of the above is applicable to you, please mention brief details in remarks field below the health questions.

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This is the account details in which ICICI Prudential Life Insurance will pay all future payout / maturity amounts.

D. Set Payout Details

Verify with one time password that is sent to your mobile number given in the application form.

E. OTP Verification

OTP verification is mandatory for Policy issuance

If you skip this here, it comes two more times.

F. Review

You can review the entire application form and edit details if required.1.

Tick on the declaration mentioned at the end of the review to continue with payment.2.

Please review and edit details here, you will not be able edit information if you move to the payment page

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G. Source of Funds

Select source of funds as applicable

1.

if you do not fall in any of the options mentioned in the drop down. Select others and give a description. For eg: If you are a freelance writer, select others and mention freelance writing remuneration.

If the payer is other than the policy holder, please keep a third party declaration in the below format ready and also submit payers KYC

1.

You can choose to pay from various available options2.

Credit cardi.

Debit cardii.

Net bankingiii.

H. Premium Payment

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In case of Credit card, tick on the set up standing instructions options. This will ensure that your premiums are paid on time and your policy stays inforce/active.

In the case of single premium or annual mode of premium payment, you can choose to pay by Credit card with the EMI option. This way you can pay for a larger premium upfront and choose to repay the same in an EMI manner.

Submit documents

Upload the list of documents as applicable1.

File size limit for the documents should not be more than 2 mb2.

If you are not able to upload documents on this screen. You can mail your docu-ments to buyonline@iciciprulife.com

List of documents required

Along with your photo, we require only 3 documents to issue a policy.

For upload, file size limit per document should not be more than 2 MB.

Keep these documents handy. This helps you fill up the application for much more quickly.

A readable scan copy/ camera pic of these documents will be good, and allow you to submit the documents online

1.

2.

3.

PAN Card

Entering the Pan card is mandatory

PAN Card will be used as a valid Age and ID Proof

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If you do not have any of the above and want to know list of alternate documents, Click Here. If you submit ANY ONE amongst the above 3 documents, you will not have to submit any additional document for Age • ID • Address proof.

If you do not have any of the above and want to know list of alternate documents, Click Here

Current Passport1.

Current Driving License2.

Aadhar card with photo and address (12 digit UID number)3.

Income Tax returns (ITR’s) for last 3 assessment years duly filed with IT department.1.

Form 16 of latest assessment year.2.

Salary slips of last 3 months.3.

Individual Audited Profit and Loss account, Balance Sheet of last 3 assessment years.4.

Last 3 months bank statement reflecting regular salary credits5.

Latest salary certificate from the employer on the letter head signed by authorized signatory

6.

If any document is password protected please share the password also. Please share the same on email to buyonline@iciciprulife.com

Use case 1: If you are salaried and you have received a bonus in this financial year, please enterfollowing amounts:

Total of annual salary + bonus, if your income proof is salary slips (last 3 months) andBonus is a part of those slips

a.

Age & Address proof (Any one)

Income Proof

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Total annual salary, if your income proof is salary slips (last 3 months) and bonus is not apart of those salary slips

b.

Total annual salary of last year, if your income proof is previous years ITR/ Form 16c.

Use case 2: If you have recently got a hike or moved to a different company with a hike, please enter following amounts

New annual salary, if your income proof is last 3 months salary slips with the new salary

c.

New annual salary, if your income proof is your appointment letter and you are less than 3 months old in the new organisation

d.

Old annual salary, if your income proof does not reflect updated salarye.

Buy Online

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PRODUCT AT A GLANCE

ICICI Prudential Smart Kid Solutions at a glance

Min/Max age at EntryRegular Pay Option

20 years / 54 yearsSingle Pay Option

Min/Max age at MaturityRegular Pay Option

30 years / 64 yearsSingle Pay Option

Min/Max Policy Term

Regular Pay Option 10 years / 25 years

Single Pay Option 10 years

Min/Max Premium Paying

Term

Regular Pay Option Same as Policy Term

Single Pay Option Single Pay

Minimum Premium

Single Pay Option

Age at Entry Life Cover

MinimumPremium

20 - 54 years

20 - 28 years

1.25 times of Single Premium 48,000

10 times of Single Premium 48,000

29 - 35 years10 times of

Single Premium 1,25,000

Regular Pay Option

Age at Entry

MinimumPremium

20 - 49 years

50 - 52 years

53 - 54 years

45,000 p.a.

1,20,,000 p.a.

5,00,000 p.a.

Maximum PremiumRegular Pay Option

UnlimitedSingle Pay Option

Premium Payment ModesRegular Pay Option Annual, Half-yearly, Monthly

Single Pay Option Single

Min/Max Sum Assured

Single Pay Option

Age at Entry

MinLife Cover

MaxLife Cover

Above35 years

1.25 X SinglePremium

Regular Pay Option

Age at Entry

Max Life CoverMultiple

Less than49 years

45 yearsand above

As permaximum Life covermultiples

MinimumLife Cover

Higher of (10X AssuredPremium) & (10.5X Policy Term X AssuredPremium)

Higher of (7X AssuredPremium) & (0.25X Policy Term X AssuredPremium)

Less thanand equal to 35 years

1.25 XSingle Premium

10 times ofSingle Premium

1.25 times of Single Premium

Note: Sum Assured amounts in between the maximum and minimum limits are not available in Single Pay option.

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You should invest in funds that match your risk appetite, we have 5 equity, 2 debt and 1 balanced fund. Debt funds give lower returns with lower risk whereas equity funds give high returns with higher risk. You can also balance the risk tolerance by investing in a mix of equity and debt funds or simply allocate your money in our balanced funds.

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FREQUENTLY ASKED QUESTIONS (FAQ)

Are the return of the ICICI Pru Life Smart Kid with ICICI Pru Life Smart Life plan fixed?

ICICI Pru Smart Kid with ICICI Pru Smart Life is a unit linked insurance plan (ULIP) where your money is invested in market linked funds that you choose. As these funds are market linked, the returns of this plan is not fixed and vary depending on the fund’s performance.You can check past performance here.

1.

Can you use the maturity amount only for the child?

ICICI Pru Smart Kid with ICICI Pru Smart Life is a goal based plan which helps you save money in a systematic way for your child’s education. On maturity of the plan, the maturity amount will be given to the policy holder which can be used (not restricted to) for the child’s education. You may use this money as you like.

2.

If the policy holder and the appointee* die in an unfortunate event, what happens to the policy?

There could be two scenarios basis the age of the child (nominee) at the time of settling the claim -

The child is above 18 years of age, the death and the maturity benefit will be given to the child

The child is below 18 years of age, the death and the maturity benefit will be given to the court directed appointee

*If your nominee is a minor (less than 18 years old), you will have to enter the details of an appointee who will be authorized to act on behalf of the nominee, till your nominee is legally 18 years old. Appointee has to be older than 18 years old.

3.

a.

b.

MinimumPremium

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Stay invested for a longer duration to enjoy the benefits like loyalty additions and wealth boosters that periodically add wealth to your investment.

Do regular top ups in order to create a large corpus. You can do a top up immediately after the policy is issued. It is recommended to create a login id on our website and do an online top up.

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Before 5 policy years, can you surrender the policy?

Yes, you can surrender the policy before the lock in period of 5 years. However this is not advisable as your funds including top up funds are transferred to the Discontinued Policy fund (DP fund) after deduction of applicable Discontinuance Charge. You can withdraw the DP fund at the end of 5th policy year.

From the date monies enter the DP Fund till the date they leave the DP Fund, a minimum guaranteed interest rate declared by IRDAI from time to time will apply. The current minimum guaranteed interest rate applicable to the DP Fund is 4% p.a.

4.

Is the top up facility available in this plan?

Yes, top up facility is available with this plan.

5.

What is the charge structure?

A great advantage of investing in this plan is the low charges that you pay over a long period of time. While there may be varied charges under this plan after adjusting loyalty additions and wealth boosters, the total charges turn out to be low. Click here to see how you can reduce the charges further.

6.

Why should I buy this plan online?

The advantage you get when you buy online from our website is a 1% exclusive reduction on your first year premium charges, which means more benefits for you. More so, you also get an instant premium payment receipt which you can use for filing your taxes. However, the advantage of buying online is not just limited to this, click here to see benefits.

7.

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To Buy Online

Click here1.

Visit our website2.

Email us at buyonline@iciciprulife.com3.

Give us a missed call on 180031577514.

CONTACT US

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TERMS AND CONDITIONS

Tax benefits under the policy will be as per the prevailing Income Tax laws. Service tax and applicable cesses will be charged extra by redemption of units, as per applicable rates. Tax laws are subject to amendments from time to time.

As per the Finance Act 2012, all policies issued from April 1, 2012, with premium to sum assured ratio of less than 1:10 and where death benefit at any time is less than 10 times premium, will not be eligible for tax benefit under section 10 (10D) of the Income Tax Act. Further tax benefit u/s 80C for such policy will be limited only up to 10% of Sum Assured. Tax benefits under the policy are subject to conditions under Sec.10 (10D) and Sec. 80C of the Income Tax Act, 1961. Service tax and applicable cesses will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time.

1.

The returns shown in the benefit illustration are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy depends on a number of factors including future investment performance.

2.

Loyalty Additions3.

Loyalty Additions (including additional loyalty additions) will be calculated as percentage of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.

a.

It will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.

b.

The allocation of Loyalty Addition units is guaranteed and shall not be revoked by the Company under any circumstances.

c.

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Wealth Boosters4.

Wealth Boosters will be calculated as percentage of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.

a.

It will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.

b.

The allocation of Wealth Booster units is guaranteed and shall not be revoked by the Company under any circumstances

c.

Linked Insurance Products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender/ withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.

5.

Surrender: On surrender after completion of five years, the surrender value will be the Fund Value including Top-up Fund Value, if any.

6.

This is not a product brochure. For more details on the risk factors, terms and conditions, and the charges and benefits related to Surrender, Premium Discontinuance, Revival etc., please read the sales brochure carefully before concluding the sale.

7.

During the settlement period, the investment risk in the investment portfolio is borne by you. Only the Fund Management Charge would be levied during the settlement period. No Loyalty Additions or Wealth Boosters will be added during this period. Life insurance cover and rider cover shall cease on the original date of maturity. Switches and Partial Withdrawals are not allowed during this period.

8.

Death Benefit: On death of the Life Assured, the Fund Value including Top up Fund Value, if any, will remain invested in the respective funds and portfolio strategies as on date of death of the Life Assured. The policy cannot be surrendered. No policy alterations will be allowed. The Nominee will not be eligible for making partial withdrawals, paying top up premiums, performing switches, renewing Automatic Transfer Strategy (ATS), redirecting premium, effecting a change in portfolio strategy, opting for settlement option, decreasing premium payment term, decreasing Sum Assured, or decreasing policy term.

9.

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A discount in the premium allocation charge option is given to customers who buy directly from the Company’s website.

10.

For Regular Pay policies: 1% in Year 1a.

For Single Pay policies: 0.5%b.

A discount in the premium allocation charge option is given to customers who buy directly from the Company’s website.

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DISCLAIMERS

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837.

© 2016, ICICI Prudential Life Insurance Company Limited. Registered Address: 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms & conditions please read the sales brochure carefully before concluding the sale. 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: 105L145V01. Advt No. OTH/II/0277/2017-18.

IRDAI clarifies to public that

IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.

IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

BEWARE OF SPURIOUS PHONE CALLS & FICTITIOUS/FRAUDULENT OFFERS

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