ICICI Pru Smart Life – Unit Linked Life Individual Product

No matter in which life stage you are, you will have unique financial goals and dreams for your family like providing the best education to your children, ensuring financial independence for your parents or securing the current lifestyle post retirement.

We present ICICI Pru Smart Life – a savings and protection oriented Unit Linked Life Individual Product. A plan which will enable you to save for these goals and ensure your family’s future is secure in your absence.

• Potential for wealth creation by investing in equity, debt or balanced funds for long term
• Choose investment strategy that suits your needs
• Get life cover throughout the policy term to secure your family’s future
• Smart Benefit#: In case of your unfortunate demise during the policy term, all future premiums payable under the policy will be waived, provided all due premiums have been paid. The company will allocate units as if premiums are being paid - to ensure that your savings for your desired goal continues uninterrupted.
• Loyalty Additions for staying invested for longer duration
• Get Wealth Boosters to increase your savings
• Starting from the 6th year of policy, you can withdraw part of your money as per your need
• Get tax benefits on premium paid u/s 80C and claim amount received u/s 10(10D)

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: ₹10,00,000
• Policy Term: 15 Years
• Premium: ₹1,00,000 yearly
• Premium Payment term: 15 Years

On Nilesh’s death at the age of 40
His daughter receives ₹ 10 lakh lump sum to meet her immediate educational expenses
All future premiums are waived, and units equivalent to the instalment premium will be allocated by the Company on the subsequent premium due dates.

 #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.