ICICI Pru SmartKid Assure

A Child ULIP Plan for Secured Future & Goal-Based Wealth Creation

ICICI Pru SmartKid Assure is a thoughtfully designed child-focused ULIP (Unit Linked Insurance Plan) that helps parents build a strong financial foundation for their child’s future while ensuring complete protection through life cover.
Whether the goal is education, higher studies, skill development, or future financial independence, this plan ensures your child’s dreams stay protected—no matter what happens.

It combines market-linked wealth creation, flexibility, and the assurance of financial security through its unique features.


Why Choose ICICI Pru SmartKid Assure?

Because your child’s future deserves both growth and protection.

This plan provides:

  • Long-term wealth creation through ULIP investments
  • Protection benefits ensuring your child’s education continues even in your absence
  • Fund flexibility and smart switching options
  • Tax advantages and long-term rewards

🔍 Key Highlights

✔️ Child-focused financial planning

Designed to secure long-term goals like higher education and future milestones.

✔️ Market-linked growth potential

Choose from equity, debt, and balanced funds for wealth creation.

✔️ Life cover for parent (policyholder)

Ensures the child’s dreams remain uninterrupted even in unfortunate events.

✔️ Premium waiver benefit (on death of parent)

Future premiums are waived, but the policy continues—child’s goals remain protected.

✔️ Long-term disciplined savings

Perfect for 10–20 year goal planning.


✨ Detailed Features & Benefits


1️⃣ Dual Benefit: Child Education Planning + Protection

The plan offers:

  • Investment in market-linked funds to grow money over years
  • Life insurance protection for the parent

In case of unfortunate demise of the parent, the child:

  • Receives the sum assured
  • Future premiums are waived off
  • The policy continues till maturity
  • Fund value is paid at maturity → ensuring goal completion

This ensures your child’s future stays secure, no matter what.


2️⃣ Flexible Fund Options

You can choose from various professionally managed funds:

  • Equity funds – High growth for long-term goals
  • Debt funds – Stability and low risk
  • Balanced funds – Growth with risk control

You can switch funds anytime based on market conditions or your risk appetite.


3️⃣ Wealth Boosters & Loyalty Additions

Stay invested long-term and get:

  • Loyalty Additions – Reward for consistent premium payment
  • Wealth Boosters – Extra units added to enhance fund value

These significantly increase the maturity amount.


4️⃣ Partial Withdrawals for Child’s Milestones

After the lock-in period (5 years), you can withdraw funds for:

  • School fees
  • Coaching classes
  • Higher education expenses
  • Skill development
  • Health-related needs
  • Extracurricular activities

Withdrawals are flexible and helpful during growing years.


5️⃣ Premium Payment Flexibility

Choose the method that suits your financial planning:

  • Monthly
  • Quarterly
  • Half-yearly
  • Annual
  • Limited pay options

6️⃣ Smart Investment Strategies (Optional)

Use automated strategies for better wealth management:

  • Lifecycle-based choices
  • Automatic Transfer Strategy
  • Trigger-based switches

These strategies help balance risk and returns over long periods.


7️⃣ Life Cover Protection for Child’s Future

The plan ensures that child’s education fund stays intact even in the parent’s absence through:

  • Immediate sum assured
  • Waiver of all future premiums
  • Continuing investment benefits
  • Final maturity payout

8️⃣ Tax Benefits

Enjoy tax benefits under:

  • Section 80C – Premium deduction
  • Section 10(10D) – Tax-free maturity benefits*

(*As per prevailing tax rules.)


🌟 Why Parents Prefer ICICI Pru SmartKid Assure?

  • Structured planning for child's future
  • Strong market-linked wealth creation
  • Premium waiver benefit ensuring continuity
  • Partial withdrawal flexibility
  • Life cover for long-term security
  • Transparent, flexible, and goal-focused

📝 Conclusion

ICICI Pru SmartKid Assure is a dependable child plan designed to protect your child’s dreams while growing your investments steadily through market-linked funds. With wealth boosters, loyalty additions, and premium waiver benefits, it ensures that your child’s future goals are never compromised—even in unpredictable situations.

 

 

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Niva Bupa Health Insurance Company Limited is one of India's leading standalone health insurers (SAHI), headquartered in New Delhi and founded in 2008. The company was formerly known as Max Bupa Health Insurance Company Limited and was rebranded to Niva Bupa in 2021. Niva Bupa offers a wide range of health insurance products for individuals, families, senior citizens, and corporate employees.

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