ICICI Pru Smart Kid Solution Plan is a children’s education plan that is provided by ICICI Prudential Life Insurance. This plan can be bought by parents to secure the future of their children and support their child’s education needs.
Additional Reading: Secure Your Childs Future With A Child Insurance Plan
Key features of the ICICI Pru Smart Kid Solution:
- Sum assured can be based on individual needs.
- The premium can be paid on flexible terms and are available in single or regular pay.
- Customers can switch between the funds after judging market risks.
- Under this plan, the death benefits can be calculated to be higher,
- Sum assured (including top-up sum assured)
- Minimum death benefit (105% of premiums paid)
- Under the smart death benefit under this plan, the insurer allocates additional units till the premiums are due if the insured person is no more.
- The maturity benefits under this plan are available in lumpsum payment or under a staggered payment mode.
Eligibility details of the ICICI Pru Smart Kid Solution:
|
Category |
Details |
|
Entry age |
Minimum – 20 years Maximum – 54 years |
|
Maturity age |
Minimum – 30 years Maximum – 64 years |
|
Policy term |
Minimum 10 years |
|
Premium payment frequency |
Single, monthly, half-yearly, and yearly basis |
|
Minimum premium payment |
Rs. 45,000 (regular pay) Rs. 48,000 (Single pay) |
Who is it for?
This plan is ideal for parents who want to save for their child’s higher education costs. Customers can get ICICI Pru Smart Kid Solution Plan for their children’s education needs and gradually build funds for their higher education.
ICICI Prudential life insurance is a leading insurer in the country. It has multiple plans of varying tenure and sum assured with guaranteed benefits.