ICICI Prudential Smart Kid Premier Plan Calculator

ICICI Pru Smart Kid offers a wide range of versatile term insurance plans to fit all policyholders' needs. Flexible insurance plans from ICICI Pru Smart Kid help people to achieve their economic goals while also protecting them from life's ups and downs. One can purchase plans for a single protection. One can buy multiple ICICI Pru insurance policies and safeguard their future with a host of options that suit various insurance motives.

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Insurer pays your premiums in your absence
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₹10k/month your child will get ₹1 Cr Tax free
Tax saving
₹46,800 in tax under Section 80(C)
All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply.
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All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

One should predict and analyze the term schedule as well as their goal of purchasing insurance policies. Individuals should be required to go through the same procedure by purchasing other insurance plans. Once customers have analyzed the need to buy insurance, they can compare various plans to decide on the best one.

These plans have low premium rates, easily calculated using an ICICI Prudential Smart Kid Premier Plan Calculator.

Why Should You Use a Term Insurance Premium Calculator?

With so many term insurance plans on the market, determining which one is better for an individual's needs becomes increasingly difficult. It is often recommended and required to compare plus analyze the different insurance policies available. Investors can use it to find the best alternative that suits their budget and meets their needs.

ICICI Prudential Smart Kid Premier Calculator is a web-based method that calculates the premium for a term insurance policy. It also makes comparisons easier. Using a term insurance premium calculator, one can quickly determine the appropriate premium amount for a specific policy. We can use it to figure out different premium amounts for a variety of term plans.

Here are the reasons why you should use a Term Insurance Premium Calculator:

  • On the internet, you can find a free term plan calculator. It's easy to use and can be used to solve various premium costs paid with a term insurance contract. 
  • It allows you to compare and contrast various product offerings before making a purchase.
  • Planning the coverage of a life insurance policy would be easier if you have a clear idea of the premium amount.

One may also use a term insurance calculator to see whether a specific term plan fits into one's budget and whether the life coverage selected is sufficient.

The process to use ICICI Prudential Smart Kid Premier Calculator

ICICI Prudential Smart Kid Premier Calculator allows you to measure your premium and select a term cover in just a few simple steps. Individuals interested in using the online Term Insurance premium calculator tool can go to the insurer or insurance aggregator's official website.

The following are the steps to take:

Step 1: Upload Your Basic Personal pieces of information

The term insurance premium calculator needs some simple personal information to calculate the premium amount. First, you have the option to choose that you are buying it for the child, then other basic information you have to fulfill: The investment amount, date of birth of the child, age and gender of the child, mobile and email id, whether you are going with monthly, half-yearly or the annual plan, etc.

Step 2: Enter the Sum Assured amount

After a thorough evaluation of one's family's needs and potential financial conditions, One must enter the total assured amount. First, choose a premium term, then carefully enter the Sum Assured amount to continue with the premium calculations. Premium payments can be viewed as monthly, quarterly, half-yearly, or annual payments.

Step 3: Check the premium amount and finalize the policy purchase 

A premium estimate will appear on the screen after you enter the necessary details. The investor must then review their budget and change the sums guaranteed to come up with various premium frequencies and prices suitable for their needs.

Advantages of ICICI Prudential Smart Kid Premier Calculator

ICICI Prudential Smart Kid Premier Calculator will help you determine the right amount of insurance coverage to meet your needs and help you and your child achieve long-term goals and objectives. It has many advantages, including the following:

  1. Estimated premium amount

    Until the ICICI Prudential Smart Kid Premier Calculator is used, a person does not have a basic idea of the premium sum for a plan. One can quickly obtain the required details of their sum guarantee by entering the requisite basic information and filling out the premium term and frequencies.

  2. Time efficiency

    While it is possible to make an error when calculating premium amounts, using a term insurance premium calculator requires a few minutes of one's time. All that is required is to follow the correct steps and enter the correct data to achieve the desired results.

  3. Cost efficiency

    One can find the ICICI Prudential Smart Kid Premier Calculator tool on the Company's website. It's simple for someone to estimate the premium amount and sum assured by entering their information. The tool is free, making it available to everyone concerned about their family's future.

Information required while using ICICI Prudential Smart Kid Premier Calculator 

Anyone using the ICICI Prudential Smart Kid Premier Calculator would provide the details to use the online tool:

  • Personal Information- In this section, you have to fulfill the basic information like age and gender of the child's mobile number, email id.
  • The time mode, Amount assured, base premium, and policy term must all be defined.

Benefits of buying ICICI PRU Smart Kid Plan

The ICICI PRU Smart Kid Plan insurance policies are very inexpensive, and they are a safe way for policyholders to protect their lives and the lives of their families. The following are the advantages of purchasing the ICICI PRU Smart Kid Plan:

  • Helps in meeting you and your child life goals

ICICI PRU Smart Kid Insurance Plan ensures future safety to the child by choosing one of them for you and your child's healthy future:

Single life - Insurance coverage for yourself, and

Joint life - Insurance coverage for both you and your spouse Policy same policy 

Helps in wealth generation – 

  • ICICI Pru Smart Kid insurance policies offer a wide range of incentives and plan to suit one's needs. Basic insurance plans, endowment plans, money return plans, participating policies, non-participating policies, and so on are a few examples. One can use the ICICI prudential smart kid premier calculator to estimate these plans. These policies help the insurer achieve his or her wealth targets.
  • Risk Mitigation-They already know that humans are vulnerable to various dangers, but these dangers can be harmful to both the person and their loved ones. An ICICI Pru Smart Kid fulfills the requirements and ensures that one's family's life is back on track.
  • Flexible Policy Terms-ICICI Pru Smart Kid insurance offers a wide variety of insurance options to suit a wide range of people's needs. For Term Insurance, you'll be covered for a set period, and with Whole Life Insurance, you'll be covered for the rest of your life. Term insurance is included in the plans, as well as maximum policy tenure flexibility.
  • Flexible-Premium Payment-ICICI Pru Smart kid insurance plans provide a variety of premium payment options to meet the insurer's needs. According to the plan's terms and conditions, premiums may be charged annually, half-yearly, quarterly, or monthly.
  • Tax Benefits – According to current tax legislation, on premiums charged and benefits earned. To get the most out of your tax benefits, you can invest in various insurance schemes, such as life insurance, pensions, and health insurance.According to the provisions of the Income Tax Act of 1961, tax-saving life insurance plans such as ULIPs and term insurance can be beneficial to taxpayers.

*Standard T&C Apply

*Tax benefits are subject to change as per tax laws.

ICICI Pru Smart Kid Insurance Premium Rates

The premiums for ICICI Pru Smart kid insurance plans are competitive and will not deplete the policyholder's bank account. There are cost-effective options, which can be estimated using the ICICI Pru Smart Kid Insurance Plan Calculator. The cost of life insurance is determined by the type of coverage chosen. Premium rates vary in general based on the following factors:

  • The Parent- One can buy policies starting from 20 years to 60 years for single life and 55 for communal life. 
  • Age of the child- The eligibility age of the child is 0-15 years.
  • Sum Assured chosen by the policyholder
  • One may make a premium Payment Term- Premium payments monthly, half-yearly, or annually, depending on the plan selected. In the case of term insurance plans with a single premium, one will charge a higher one-time premium.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. T&C apply.

To measure the projected policies and premiums, one can use the ICICI PRUDENTIAL SMART KID PREMIER CALCULATOR, a free online tool. A premium calculator can be used to quickly and cleanly compare insurance plans. A premium calculator is not only easy to use, but also provides seamless solutions to customers across the globe from the comfort of their home. When clients are in a fix of what they are supposed to solve in terms of returns and claims, the calculator works the best for them. With optimal solutions from ICICI,it is always a delightful experience for global as well as national clients.

FAQ's

  • Q1. How can I check my ICICI Pru Smart Kid Insurance term plan status?

    A1. ICICI Pru Smart Kid has a significant online presence, and we can check policy status on their official website. You have to provide the policy number, email id, phone number, date of birth on their statement box. Along with a rundown of your insurance policy, it shows premium history, withdrawals, deductions, and other related material.
  • Q2. How long do I have to pay premiums for?

    A2.You have the choice of paying for 5, 7, or 10 years. You will; however, pay for each year before the plan's maturity date.
  • Q3. Can I renew my ICICI Term Plan online?

    A3. You can buy and update policies online, and you can find the best online term plan for your needs on the ICICI term plan official site.
  • Q4. How can I file an ICICI Pru Smart kid Insurance claim?

    A4. Reporting your claims is the first step. Their special Claim Care team can review your claim and notify you if any additional paperwork is required. You can report your claims online, at their branches, or on their central Claim Care helpline. They will resolve your claim after being notified of it and have received all of the necessary documentation. In some instances, we cannot resolve arguments: If the Life Insured commits suicide within one year of the Policy's Issue Date, or within one Policy's, the policy is invalid in all circumstances.
  • Q5. Do Term plans provide any maturity benefit?

    A5. Starting from the end of the Policy Term until the end of the 19th year, a percentage of the Amount Assured on Maturity will be charged as a fixed maturity bonus during the Maturity payout period.
  • Q6. What is the age limit to buy term insurance plans?

    A6. For ICICI Pru Smart Kid Term, the entry age limit varies. The mini policy to buy the policy is 20 years old, and the maximum is 60 years old for a single insurance plan and 55 years old for a joint plan.
    (* Standard T&C Apply)
  • Q7. How can I find the required term insurance coverage?

    A7. One must have their child's age and gender, as well as their debt and income records. We can use the ICICI prudential innovative kid premier tool to estimate coverage and action plans.
  • Q8. What protection ICICI Pru will provide?

    A8. In the tragic case of the Parent's death, the Company will pay a lump sum payout of the Sum Assured and a refund of all additional premiums due under the scheme.
Written By: PolicyBazaar - Updated: 20 August 2021

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