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ICICI Pru Smart Life

Fulfil your financial goals and get the potential
to create wealth for your family


ICICI Pru Smart Life

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About ICICI pru Smart life

    This is a savings and protection oriented Unit Linked Life Insurance Product. It enables you to save for your family’s financial goals like the best education for your child, buying a new house or peaceful retirement. It also gives you protection of a life cover to secure your family’s future even when you are not around.

Product Features

  • Invest in equity, debt or balanced funds as per your choice
  • Choose an investment strategy that suits your needs
  • Get life cover throughout the policy term to secure your family’s future even in your absence
  • Get smart benefit* throughout the policy term to secure your family’s life goals even in your absence
  • Get a lump sum payout on maturity^ to secure your child's future
  • Stay invested for longer time and avail Loyalty Additions
  • Increase your savings with Wealth Boosters
  • Starting from the 6th year of policy, you can withdraw part of your money as per your need
  • Get tax benefits on premium paid and claim amount received as per the prevailing tax laws

How this plan works

Nilesh is a 35 year old software engineer. His goal is to provide best higher education to his daughter and secure his family’s future in his absence. ICICI Pru Smart Life Plan is a perfect solution for him.
  • Sum Assured : INR 10,00,000
  • Premium: INR 1,00,000 yearly
  • Premium paying term: 15years
  • Policy Term: 15 years
On Nilesh’s death at the age of 40
His daughter receives INR 10 lakh lump sum to meet her immediate educational expenses
All future premiums are waived, The Company allocates units equivalent to the premium amount to the policy every year.
On maturity of policy, Nilesh's Daughter receives
@ 8% ARR#
@ 4% ARR#
INR 2,387,563
 #Assumed Rate of Return
Maturity Benefit includes Loyalty Additions and Wealth Boosters, if any. 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 the policy depends on a number of factors including future investment performance. The above information must be read in conjunction with the sales brochure and policy documents.

The insurance products offered here are underwritten by ICICI Prudential Life Insurance Company Limited.

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
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