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ICICI Pru Smart Kid Regular

Premium Plan

ICICI Pru Smart Kid Regular Premium plan comeswith a unique Payer Waiver Benefit (PWB). Thisbenefit ensures that in case of death of the parent, thecompany pays all future premiums on behalf of the

parent. This means that the child gets money atimportant stages of his/her student life.

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Minimum Premium Rs. 12000 p.a.

Modes of Premium Payment Yearly / Half yearly / Monthly

Minimum / Maximum Sum Assured Rs. 1,00,000 / Rs. 30,00,000

Minimum / Maximum age at entry

(Parent)20 / 60 years

Minimum / Maximum age at entry

(Child)0 / 12 years

Minimum / Maximum Policy Term 10 / 25 years

PRODUCT STRUCTURE

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Benefits of the policyDeath benefit : In the unfortunate event of death of the

parent (life assured) during the term of the policy, thebenefits under the policy are as follows: The Sum Assured would be paid out immediately Future premiums till maturity will be waived off and the

premiums would be paid by the Company till maturityof the policy

The policy benefits continue for your child's educationaland developmental needs as planned by parents.

Development Allowance : Under this benefit, a specifiedamount is paid to the child every year, in the unfortunateevent of death of the parent, if Income Benefit Rider isopted for facility to provide money for key educationalexpense of the child.

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Guaranteed educational benefits : This planguarantees educational benefits to your child. Itprovides you with two options to receive thosebenefits:Option 1: Benefits at critical educational milestonesOption 2: Avail of benefits in the last 5 years of thepolicy.

Additional Rider Benefits : This is an additional benefitwhich can be availed along with the base plan, by paying amarginal extra cost. The riders offered are:

Accident and Disability Benefit Rider

Payer Waiver Benefit rider

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Tax benefit:

Premiums paid are eligible for deduction from

taxable income under section 80C and Maturityamount is exempt from tax under section 10(10D)

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LIC children fortune plus LICs Child Fortune Plus is a unit linked plan which

offers you a solution to meet your childs educationaland other needs.

You can pay the premiums either in lump sum (singlepremium) or regularly throughout policy term. The

death benefit under the policy shall be the SumAssured.

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Minimum Premium 10000 p.a.

Modes of Premium Payment yearly, half-yearly, quarterly or monthly

Minimum / Maximum Sum Assured

Minimum Sum assured : 5 times theannualised premium.Maximum Sum assured : 25 times of the annualized premium ifage at entry is upto 45 years 15 times of the annualized premium ifage at entry is 46 years and above

Minimum / Maximum age at entry

(Parent)18/55 years

Minimum / Maximum age at entry

(child)

In case of Single prem. 0/17 yearsIn case of reg. prem. 0/10 years

Minimum / Maximum Policy Term 10/25 years

PRODUCT STRUCTURE

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Benifits In case of death of Life Assured, if the child is

alive:Sum Assured shall be paid to the nominee and

payment of all future premiums due under the policy(in case of regular premium policies) shall be waived.

In case of Partial withdrawal: Partial Withdrawalsshall be allowed under such a policy even aftercompletion of 3 years period.

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Continued. Cooling off period:

If you are not satisfied with the Terms and Conditions ofthe policy, you may return the policy to company within 15

days. The amount to be refunded in case the policy isreturned within the cooling-off period shall be determinedas under:

Value of units in the Policyholders FundPlus unallocated premium.

Plus Policy Administration charge deductedLess charges @ Rs.0.20per thousand Sum Assured underBasic planLessActual cost of medical examination and specialreports, if any.

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n

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Best product

LIC fortune plus:

Because of

- Premium

- Age limit

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Conclusion.Giveyour childsomething more than

just love.

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