ICICI Pru SmartKid Solution

Unit-linked insurance plans allow you to get potentially better returns by working as insurance cum investment plan. This insurance plan uses a portion of the premium to provide insurance coverage, and the rest gets utilized via investments in equity and debt instruments. ICICI Pru SmartKid Solution is a unit-linked insurance plan that enables you to take care of your child's future and secure it.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

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

*Please note that the quotes shown will be from our partners
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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It does so by offering better returns on your investments. Moreover, the investment risk is borne by the insurance provider. Despite the volatility of the equity market, rest assured a long-term investment will guarantee returns, and financial uncertainty becomes negligible over time. What's more, you will still receive a lump sum payment in case of liabilities or damage. 



Policy Tenure

Regular Pay- 10 to 25 years

One Pay- 10 years

Limited Pay:

5 Pay & 7 Pay – 10 - 25 years

10 Pay – 11 - 25 years

Premium Paying Term

Regular Pay- same as the policy term

One Pay

Limited Pay- 5/7/10 years

Premium Paying Mode

Annually, Half-yearly, Monthly

Entry Age

Regular/ One Pay- 20-54 years

Limited Pay- 20 years

Maturity Age

30-64 years

Grace Period

15 days for monthly premium payment

30 days for other modes

Sum Assured

Regular Pay- seven times the annualized premium

One Pay- 1.25 times the annualized premium or up to ten times it, based on age

Limited Pay- seven times annual premium, or higher of the ten times of the yearly premium and half of the policy term multiplied by yearly premium


Available through Partial Withdrawals after five years of insurance contract provided monies are not in DP Fund.

Benefits of ICICI SmartKid Solution

ICICI Pru SmartKid Solution comes packed with the following set of benefits to offer:

  • Death Benefit: There are two forms of a Death Benefit under ICICI Pru SmartKid Solution:
    • On the death of the insured, the death benefit will comprise of two segments:
    • Lump-Sum Benefit: It gets paid out to the claimant to reimburse any immediate expenses.
    • Smart Benefit- it is a benefit that gets deferred for your savings to achieve the goal of securing your child's future in the insured's absence.
    • The Lump-Sum benefit is the amount higher of the Sum Assured and Minimum Death Benefit. In this case, the monies are not in the DP fund (Discontinued Policy Fund.)
    • On the insured's death, while the monies are in the DP fund, the Death Benefit sum payable will be the DP Fund Value. After which, the policy shall terminate.
  • Smart Benefit: After the death of the insured, under this benefit, units as per the premium installment would get allocated if all due premiums are paid.  This benefit is not available for One Pay plans.
  • Maturity Benefit: Once the policy matures; the insured will receive the Fund Value along with the Top-up Fund Value if any.
  • Loyalty Benefits: These are in the form of Wealth Boosters and Loyalty Additions:
    • The company allocates extra units.
    • It will be equal to a percentage of the average of the Fund Values.
  • Switch between Funds: Depending on your risk appetite and investment outlook, you can opt for switching funds.
    • Additional Protection through Riders
    • Change in portfolio strategies opted for, and top-up premiums are also allowed.

The Premium for ICICI Pru SmartKid Solution 

When you buy ICICI Pru SmartKid Solution, you get multiple modes yearly, half-yearly, monthly to pay the ICICI Pru SmartKid Solution Premium. Here are a few things to know about premium payment:

  • Any future premiums will get waived upon the insured's death, and allocations will get settled.
  • Furthermore, premium and any benefit received are eligible for a tax benefit under the prevailing Income Tax Laws.*

*Tax benefit is subject to changes in tax laws.

  • You also get the option of a Top-up premium, which has a minimum amount of Rs. 2000.
  • There is a benefit of Premium redirection in which you can specify the funds and the proportion in which your ICICI Pru SmartKid Solution Premium is to get reinvested.

You can also get a quotation on the premium with the ICICI Pru SmartKid Solution Premium Calculator, and it is available online.

Additional Riders for ICICI Pru SmartKid Solution

When you ICICI Pru SmartKid Solution, it can get purchased along with the Unit Linked Accidental Death Rider. The benefit under this is as follows:

Under the rider, one receives additional life cover similar to the base Unit-Linked Insurance Plan based on the sum assured.

Eligibility for ICICI Pru SmartKid Solution

  • Entry age:
    • Regular/ One Pay- Minimum of 20 years, Maximum of 54 years
    • Limited Pay- Minimum of 20 years, Maximum depends on policy and premium payment term.
  • Maturity Age: Minimum of 30 years, and a maximum of 64 years.

What are the Documents Required to Buy this Policy?

To purchase the ICICI Pru SmartKid Solution Policy, you will require the following documents:

  • Age Proof: Driving License, Passport, or voter's ID
  • ID Proof: PAN Card
  • Address Proof: Driving License, Passport, or Voter's ID
  • Income Proof: Income Tax returns, salary slips, bank statements.

How to Buy this Plan Online?

Fortunately, it is possible to purchase ICICI Pru SmartKid Solution online by following the given steps:

Step 1: Visit our portal

Step 2: Click on the option "Buy Now."

Step 3: Fill in your details such as gender, DOB, mobile no., and email-ID.

Step 4: Then, authorize ICICI Prudential to contact you through call or WhatsApp.

Step 5: Lastly, click on "Show Returns," and to know more about how the plan works to secure your child's future by removing hindrances, you will find the brochure on the same page.

Exclusions of ICICI Pru SmartKid Solution 

According to ICICI Pru SmartKid Solution reviews, there is a suicide clause that one must consider despite it being a comprehensive plan. It states that if one commits suicide within 12 months from the date of policy commencement, only the Fund Value will be payable to the claimant.

ICICI Prudential Child Plans - FAQs

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