ICICI Pru Life - Smart Goal Assure - Multi Cap Balanced Fund

ICICI Pru Smart Goal Assure a savings and protection-oriented life insurance plan. The plan ensures your familys dreams are safeguarded, even in case of unforeseen circumstances, thereby providing you with the confidence to build wealth for turning your SMART GOALS
into reality while securing a bright future for your loved ones.

Watch your savings grow: Grow your wealth through market linked returns with the choice of multiple fund options
Boost your savings: Infuse additional savings using Top-up feature to keep pace with your evolving financial goals

Withdraw systematically: Avail monthly payouts for your supplementary income needs through Systematic Withdrawal Plan (SWP)

Preserve your savings: Get atleast guaranteed 100% return of premiums paid at the end of policy period

Make the most of your savings: Save in the product with an efficient charge structure with return of premium allocation and policy administration charges on the date of maturity

Optimize your tax savings: Tax benefits may be available on premiums paid and benefits
received as per prevailing tax laws

Rest assured about your familys goals: On your unfortunate demise, future premiums payable will be waived off, we will contribute towards the policy, thereby ensuring wealth
creation continues

Secure fixed income payouts: Avail annual income payouts for your loved ones throughout
the policy period, in case of your unfortunate demise

Leave behind a legacy: Wealth created through market linked returns is paid out to your
loved ones at the end of the policy period

Minimum/ Maximum age at entry (in years)
18/ 50

Minimum Policy term - Minimum of (20 years, maximum maturity age - entry age)

Maximum Policy term -25 years

Minimum Premium: Rs. 1,00,000 p.a.
Maximum Premium: Subject to Board Approved Underwriting Policy (BAUP)

To boost your sum assured and fund value, you can pay any surplus money as Top-up premiums, over and above the base premium(s), into the policy, subject to underwriting.
Top-up premiums can be paid any time except during the last five years of the policy term, subject to underwriting, as long as all due premiums have been paid.
The minimum Top-up premium is 500.
Your Sum Assured will increase by Top-up Sum Assured when you avail of a Top-up.
Your Top-Up Sum Assured will vary depending on your age during the time of Top-up.
Top-up premiums once paid cannot be withdrawn from the fund for a period of 5 years from the date of payment of the `Top-up' premium, except in case of complete surrender of the policy.
There is no limit on number of top-ups allowed under the product.
Top-Ups are not allowed post death of Life Assured when Smart Benefit is applicable.

Minimum Sum Assured: 7 times Annualized Premium
Maximum Sum Assured: 10 times Annualized Premium

i. Partial withdrawals will be allowed only after the completion of Lock-In Period provided the monies are not in Discontinued Policy Fund.
ii. You will be entitled to make partial withdrawals as long as the total amount of partial withdrawals in a Policy Year does not exceed 20% of the Fund Value in a Policy Year and will be allowed till the Fund Value reaches three times of the annualised premium. The partial withdrawals shall not be allowed which would result in termination of a contract. There is no charge for partial withdrawal.
iii. The minimum partial withdrawal amount is 2,000/-.
iv. Partial withdrawals will be made first from the Top-up Fund Value (if any) which has completed the Lock-In Period, as long as it supports the partial withdrawal, and then from the Fund Value built up from the base premium(s).
v. Under Partial Withdrawal facility, You can choose to opt for Systematic Withdrawal Plan (SWP). If opted, this facility allows You to withdraw either at a pre-determined percentage of your Fund Value or a pre-determined amount from your Fund Value, regularly. Systematic Withdrawal Plan is allowed only after the completion of Lock-In Period provided the monies are not in the Discontinued Policy Fund. The payouts may be taken monthly, quarterly, half-yearly or yearly, on a specified date and are payable in advance. The first payout is made on the withdrawal start date specified by you. This facility can be opted at Policy inception or anytime during the Policy Term. You may modify or opt-out of the facility by providing a written notification to us. All conditions applicable for partial withdrawals such as minimum and maximum withdrawal amount, age, etc. will be applicable for Systematic Withdrawal Plan as well. Both SWP and partial withdrawal can be availed simultaneously.

vi. The nominee/ appointee can exercise the option for partial withdrawal and Systematic Withdrawal Plan post death of the life assured while the Smart Benefits are applicable.

Mortality charge will be levied every month by redemption of units and shall be calculated based on the Sum at Risk described below.
For an in-force policy (not in revival period), the Sum at Risk is defined as below:
Sum at Risk = Higher of,
Sum Assured, including Top-up Sum Assured, if any
Minimum Death Benefit Plus
Future Secure factor Instalment Premium Plus
Family Income factor 10% Sum Assured,
For an in-force policy (in revival period), the Sum at Risk is defined as below:
Sum at Risk = Highest of,
Sum Assured/ Reduced Paid-up Sum Assured (as applicable), including Top-up Sum Assured, if any
Fund Value and
Minimum Death Benefit

Less
Fund Value subject to a floor of zero.
For an in-force policy (during settlement period), the Sum at Risk is defined as below:

Sum at Risk = Higher of,
Fund Value or
Minimum Death Benefit
Less
Fund Value subject to a floor of zero.
The above Sum at Risk value will be set to zero if the values as computed above is negative. Mortality charges will be deducted until the earlier of intimation of death of the Life Assured and the Date of Maturity. No mortality charges will be deducted while the monies are in the Discontinuance Policy Fund.