Smart Kid Premier

• Coverage options: Ensure a comprehensive safety net for your child by choosing between:
  • Single life - Insurance coverage for yourself, and
  • Joint life - Insurance coverage for both you and your spouse in the same policy
• Complete protection: Company will pay Lump sum payment of Sum Assured PLUS waiver of all future premiums payable under the policy by the Company in the unfortunate event of death of the Parent
• Multiple portfolio strategy: Choose a personalized portfolio strategy from:
• Fixed Portfolio Strategy: Option to allocate your savings in the  funds of your choice
• LifeCycle based Portfolio Strategy: A personalized portfolio strategy to create an ideal balance between equity and debt, based on your age
• Trigger Portfolio Strategy: A unique portfolio strategy to protect gains made in equity markets from any future equity market volatility while maintaining a pre-defined asset allocation.
• Flexible premium payment options: You can either pay premium throughout the policy term or for a limited period
• Loyalty additions: Paid at the end of every fifth policy year, starting from the end of the 10 policy year subject to payment of all due premiums
• Partial withdrawals: Facility to provide money at key educational milestones of your child
• Tax Benefits: On premiums paid and benefits received, as per prevailing tax laws

• Maturity benefit: At maturity, the Fund Value including the Top up Fund Value (if any), shall be payable. Alternatively, you can opt for the Settlement Options available.
• Loyalty Additions: Loyalty additions shall be allocated at the end of every fifth policy year, starting from the end of the 10 policy year, provided all due premiums have been paid. This loyalty addition will be calculated as 2% of the average of Fund Values on the last d ay of the eight policy quarters preceding the said allocation.
• Death benefit: In the unfortunate event of death of the parent (Life Assured) during the term of the Policy, the following benefits are payable:
  • Higher of Sum Assured and 105% of the total premiums (including top-up premiums) paid till date would be paid
  • All future premiums payable under the policy will be waived by the Company

If the joint life option is chosen, the death benefit shall become payable on death of either of the parents, whichever is earlier

Choice of multiple portfolio strategies

With ICICI Pru SmartKid Premier, you have the option to choose from three unique portfolio strategies. These are:

• Fixed Portfolio Strategy: If you wish to manage your investment actively, we have a Fixed Portfolio Strategy. Under this strategy, you must choose your own asset allocation from any of the eight funds options. You can switch between these funds using our switch option.
  
  Click here to know more about fund options
• LifeCycle based Portfolio Strategy: Your financial needs are not static in nature and keep changing with your life stage. It is, therefore, necessary that your policy adapts itself to your changing needs. This need is fulfilled by the LifeCycle based Portfolio Strategy
  • Key features of this strategy
    • Age based portfolio management: At Policy inception, your investments will be distributed between two funds, Multi Cap Growth Fund and Income Fund, based on your age. As you move from one age band to another, we will re-distribute your funds based on your age. The age wise portfolio distribution is shown in the table.

      Asset allocation details at Policy inception and during Policy term

      Age of Policyholder (years)	Multi Cap Growth Fund	Income Fund
      0 - 25	85%	15%
      26 - 35	75%	25%
      36 - 45	65%	35%
      46 - 55	55%	45%
      56 - 65	45%	55%
      66 - 80	35%	65%

    • Quarterly rebalancing: On a quarterly basis, units shall be rebalanced as necessary to achieve the above proportions of the Fund Value in the Multi Cap Growth Fund and Income Fund. The re-balancing of units shall be done on the last day of each Policy quarter. The above proportions shall apply until the last ten quarters of the Policy are remaining.
    • Safety as you approach maturity: As your Policy nears its maturity date, you need to ensure that short-term market volatility does not affect your accumulated savings. In order to achieve this, your investments in Multi Cap Growth Fund will be systematically transferred to Income Fund in ten instalments in the last ten quarters of your Policy.
  • Trigger Portfolio Strategy: For you, maintaining a pre-defined asset allocation is a dynamic process and is a function of constantly changing markets. The Trigger Portfolio Strategy enables you to take advantage of substantial equity market swings and invest on the principle of "buy low, sell high". This strategy also allows you to protect gains made from equity market investments from any future equity market volatility, in a systematic manner.
    
    Under this strategy, your investments will initially be distributed between two funds - Multi Cap Growth Fund, an equity oriented fund, and Income Fund, a debt oriented fund - in a 75%: 25% proportion. The fund allocation may subsequently get altered due to market movements. We will re-balance or re-allocate funds in the portfolio based on a pre-defined trigger event.

We offer several options for you to buy as per your convenience. Choose from one of the following:

• Send me an advisor
• Visit your nearest branch
• Chat with an executive