Additional Features and Benefits Common to All 3 Plans
Ensure the proper education of your child with education insurance plans, that make
sure that funds are available to your child at important stages in his education,
such as class X. XII, graduation and post-graduation. Further, in case of any unforeseen
circumstances, you ensure that your child's future stays safe.ICICI Prudential's
SmartKid is a fixed-term insurance plan that provides you with funds at regular
intervals. The plan also keeps your family financially secure should an untoward
event ever occur. Read more about the features and benefits of SmartKid.
Plans
Under the education insurance plans platform, ICICI Prudential brings the following
products to you.
Features and benefits of SmartKid
SmartKid offers an exclusive choice of 3 education insurance plans: SmartKid New
Unit-linked Regular Premium, SmartKid New Unit-linked Single Premium and SmartKid
Regular Premium. Take a look at the features and benefits of each plan:
Features
and benefits
- Regular payouts: As your child approaches key educational milestones such as 12th
standard or graduation exams, he or she will receive regular payouts, guaranteeing
he or she continues to study, no matter what the circumstance.
- Death Benefit: Your child will receive the Sum Assured immediately, should something
happen to you. ICICI Prudential will pay the remaining premiums, ensuring your child
continues to receive policy benefits, as always.
- Add-on riders: 'Accidental Death and Disability Rider' and 'Waiver of Premium Rider'
ensure your child stays doubly protected, at all times. You can choose to add these
to your child's education policy.
- Tax benefits: Premiums you pay for a SmartKid policy are eligible for tax savings
[u/s 80(C)]. Maturity and death benefits are eligible for tax exemptions [u/s 10(10D)].
