ICICI Pru Life - Smart Life Plan - Multi Cap Growth Fund

NAV on (24 Apr 2026)

54.0917

Objectives

Taking care of your responsibilities towards your near and dear ones has always been one of your top most priorities. These responsibilities have many forms providing the best education to your children,ensuring that your parents are financially independent or securing the lifestyle of you and your spouse post your retirement. In order to fulfil these responsibilities, you need a solution which will enable you to save towards these goals. At the same time, you will also want to ensure that your dreams for your family are not jeopardised if anything unfortunate happens to you.With this objective in mind, we present ICICI Pru Smart Life a savings and protection oriented unit linked insurance plan. This plan offers multiple choices on how to invest so that you can accumulate funds towards your desired goals, while providing you with a life insurance cover to protect those goals even in your absence.

Features

Age based portfolio management
At policy inception, your investments are distributed between two funds, Multi Cap Growth Fund and Income Fund,
based on your age. As you move from one age band to another, your funds are re-distributed based on your age. The
age wise portfolio distribution is shown in the table.
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.

Benefits

Comprehensive protection to secure your goal:
a. Lump sum payment of Sum Assured
to take care of any immediate liabilities on the family.
b. Waiver of all future premiums payable under the policy. Units will continue to be allocated as if the premiums are being paid
to ensure that your savings for your desired goal continues uninterrupted.
Choice of portfolio strategies:
* Fixed Portfolio Strategy: Option to allocate your savings in the funds of your choice from a diverse suite of 8 funds.
* LifeCycle based Portfolio Strategy : A unique and personalized strategy to create an ideal balance between equity and debt, based on your age.
* Flexibility of premium payment: Pay premium just once or for the entire policy term.
* Liquidity: Fund any intermediate financial need through Partial Withdrawals, any time after the completion of five policy years.
* Loyalty benefits: Get rewarded with Loyalty Additions and Wealth Boosters on staying invested with us over the long term.
Death Benefit
* On death of the Life Assured while monies are not in the Discontinued Policy Fund (DP Fund), the Death Benefit
payable will comprise of two parts:
Lump Sum Benefit - A benefit paid out at the time of claim to take care of any immediate liabilities of the family.
Smart Benefit - A deferred benefit that ensures that your savings for your desired goal continues uninterrupted.
The Lump Sum benefit is higher of the two amounts:
Sum Assured
Minimum Death Benefit
Minimum Death Benefit = 105% of the total premiums paid including Top-up premiums, if any.
* On death of the Life Assured while monies are in the DP Fund, the Death Benefit will be the DP Fund Value.
Thereafter this policy shall terminate and all rights, benefits and interests under this policy shall be extinguished.
Smart Benefit
*Secure your goal with Smart Benefit.
Under this benefit, following the date of death of the life assured, provided all due premiums have been paid, units equivalent to the instalment premium will be allocated by the Company on the subsequent premium due dates.
Maturity Benefit :
On maturity of the policy, you will receive the Fund Value including the Top-up Fund Value, if any. This is paid irrespective of the survival of the life assured till the maturity date.
You will have an option to receive the Maturity Benefit as a lump sum or as a structured payout using Settlement Option.
The following conditions are applicable on choosing settlement option:
With this facility, you can opt to get payments on a yearly, half yearly, quarterly or monthly (through ECS) basis, over a
period of one to five years, post maturity.
At any time during the settlement period, you have the option to withdraw the entire Fund Value.
During the settlement period, the investment risk in the investment portfolio is borne by you.
Only the Fund Management Charge would be levied during the settlement period.
No Loyalty Additions or Wealth Boosters will be added during this period.
Life insurance cover shall cease on the date of maturity.

Tax Benefits :
Premium and any benefit amount received under this policy will be eligible for tax benefit as Tax Benefits per the prevailing Income Tax laws.

Entry Age Details

Regular Pay : 20 - 54 years.
One Pay : 20 - 54 years.

Maturity Age Details

Minimum Maturity Age: 64 years. Maximum Maturity Age depends on the Premium Payment Term(PPT)

Policy Term

* Regular Pay :
Min/Max Policy term :10 years to 25 years.
* One Pay :
Policy term :10 years.

Premium Payment Term

Pay premium just once or for the entire policy term.

Premium Details

Regular Pay :

Age at Entry Minimum Premium
20
49 years Rs 45,000 p.a.
50
52 years Rs 120,000 p.a.
53
54 years Rs 500,000 p.a.
Maximum Premium Unlimited.

One Pay :

Age at Entry Sum Assured Minimum Premium
29
35 years 10 times of Single Premium Rs 1,25,000
All other cases Rs 48,000

Sum Assured Details

* Regular Pay :

Age at entry Maximum Sum Assured multiple Min. Sum Assured
20-25 30 Higher of (10 X Annual Premium) and
26-30 25 (0.5 X Policy term X Annual Premium)
31-35 15
36-40 15
41-44 15
45-54 10 Higher of (7 X Annual Premium) and
(0.25 X Policy term X Annual Premium)

* One Pay :
Age at entry Min.Sum Assured Max. Sum Assured
Less than and equal to 35 years 1.25 X Single Premium 10 times of Single Premium
Above 35 years 1.25 X Single Premium 1.25 times of Single Premiumm

Premium allocation Charges

Premium Allocation Charge depends on the premium payment option and the premium payment mode chosen. It is deducted from the premium amount at the time of premium payment and units are allocated in the chosen funds thereafter . This charge is expressed as a percentage of premium.

One Pay - 3%

A discount of 0.5% in the premium allocation charge is given to customers who buy directly from the

Company s website.

Regular Pay:

Premium payment mode/ Annual Premium (Rs) Year1 Year2 Year3 Year4-5 Year6 onwards

Annual 6% 5 % 4% 4% 2% Half-yearly / Monthly 4% 4 % 3.5% 3% 2%

Fund Management Charges

The following fund management charges will be applicable and will be adjusted from the NAV on a daily basis. This charge will be a percentage of the Fund Value.

Policy Administration Charges

The policy administration charge will be levied every month by redemption of unit subject to a maximum of Rs 500 per month ( Rs 6,000 p.a.). The policy administration charge will be as set out below:
One Pay : Rs 60 p.m. ( Rs 720 p.a.) for the first five policy years.
Regular Pay : 0.21% p.m. (2.52% p.a.) of Annual Premium, for the entire policy term.

Discontinuance Charge

Where the policy is
discontinued in the policy year Discontinuance Charge
1 Lower of 1% of (SP or FV), subject to a maximum of Rs6000.
2 Lower of 0.5% of (SP or FV), subject to a maximum of Rs5000.
3 Lower of 0.25% of (SP or FV), subject to a maximum of Rs4000.
4 Lower of 0.1% of (SP or FV), subject to a maximum of Rs2000.
5 and onwards NIL.

Returns (as on 24-Apr-2026)

Period	Absolute (%)	Annualised (%)
1 Week	-1.5	0
1 Month	6.6	119.4
3 Months	-1.4	-5.4
6 Months	-5.9	-11.6
1 Year	1.8	1.8
2 Years	12.6	6.1
3 Years	53.7	15.4
5 Years	82.1	12.7

NAV Chart

Historic Graph:

From

52-week High

₹58.2977

02-Jan-2026

52-week Low

₹49.4067

31-Mar-2026

Claim & Solvency Ratio

Claim Ratio	Solvency Ratio
99% (2023-24)	2% (March 2024)

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What is health insurance? +

Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It may also provide coverage for other types of health-related costs, such as prescription drugs, mental health services, and preventive care.

Why do I need health insurance? +

Health insurance helps protect you from high medical costs. It provides access to medical care when you need it, helping to pay for doctor visits, hospital stays, surgeries, prescription medications, and other health-related services.

What is a premium? +

A premium is the amount you pay for your health insurance every month. Depending on your plan, the premium may vary based on factors like age, location, and level of coverage.

What is a deductible? +

A deductible is the amount of money you must pay out-of-pocket before your health insurance starts covering your medical expenses. For example, if you have a deductible of $1,000, you must pay $1,000 out-of-pocket before your insurance starts covering your medical bills.

What are copayments and coinsurance? +

Copayment (copay): A fixed amount you pay for a covered health care service, typically when you get the service. Coinsurance: The percentage of the cost you pay for covered health services after you've paid your deductible. For example, if your coinsurance is 20%, you pay 20% of the bill, and the insurance company pays the remaining 80%.

What is an out-of-pocket maximum? +

The out-of-pocket maximum is the maximum amount you can spend on your health insurance. If you exceed this amount, your insurance company will pay 100% of your medical expenses.

What is the difference between in-network and out-of-network providers? +

In-network providers: Health care providers that have a contract with your health insurance plan to provide services at negotiated rates. Out-of-network providers: Providers that don't have a contract with your insurance plan. Services from these providers may cost more or not be covered at all.

What is a Special Enrollment Period (SEP)? +

The Special Enrollment Period (SEP) is a special time during the year when you can sign up for or make changes to your health insurance plan. If you miss this period, you may have to wait until the next one unless you qualify for a Special Enrollment Period (e.g., due to a life event like marriage or having a baby).

Can I keep my doctor with health insurance? +

If you have a preferred doctor, it’s important to check if they are in-network with your insurance plan. If they are not in-network, you may need to pay more out-of-pocket, or you may have to switch to another doctor who is in-network.

What is a Health Savings Account (HSA)? +

A tax-advantaged account for people with high-deductible health plans (HDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Flexible Spending Account (FSA)? +

A tax-advantaged account for people with low-deductible health plans (LDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Health Maintenance Organization (HMO)? +

An HMO is a type of health insurance plan that requires you to choose a primary care physician (PCP) and get referrals from them to see specialists. HMOs often have lower premiums and out-of-pocket costs but offer less flexibility in choosing providers.

What is a Preferred Provider Organization (PPO)? +

A PPO is a health insurance plan that offers more flexibility in choosing healthcare providers and doesn’t require referrals to see specialists. You can see any doctor, but you’ll pay less if you use in-network providers.

What is the difference between a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? +

HSA: A tax-advantaged account for people with high-deductible health plans (HDHPs) The funds roll over from year to year and can be used for qualifying medical expenses. FSA: A tax-advantaged account for people with low-deductible health plans (LDHPs) The funds roll over from year to year and can be used for qualifying medical expenses.

What does the term "pre-existing condition" mean? +

A pre-existing condition is a medical condition that you had before you got your health insurance. It could include things like diabetes, high blood pressure, or heart disease.

Can I cancel my health insurance at any time? +

Yes, you can cancel your health insurance plan at any time. However, if you cancel outside the open enrollment period, you may not be able to get another plan until the next enrollment period unless you qualify for a Special Enrollment Period.

Are prescription drugs covered by health insurance? +

Many health insurance plans cover prescription medications, but the coverage may vary. Plans typically have a formulary, or list of covered drugs, and different drugs may have different levels of coverage, depending on whether they are generic, brand-name, or specialty drugs.

What is preventive care? +

Preventive care includes health services that help prevent illnesses, such as vaccinations, screenings, and annual checkups. Under the Affordable Care Act, most preventive services are covered by health insurance plans at no additional cost to the policyholder.

What should I do if my health insurance claim is denied? +

If your claim is denied, you can appeal the decision. Review the denial letter for reasons, contact your insurer for assistance, and file a written request for a hearing. If you win the appeal, you may be able to get a refund or other compensation.

How can I choose the best health insurance plan for me? +

When selecting a plan, consider factors like: Your health care needs (e.g., frequent visits, prescriptions) The plan’s network of doctors and hospitals The cost of premiums, deductibles, copays, and out-of-pocket maximums Coverage for specialized care or treatments Compare the different plans and benefits to find one that meets your needs.

What happens if I don't have health insurance? +

If you don’t have health insurance, you can still access some health care services, such as emergency care, in-network doctors, and in-network hospitals. You may be eligible for Medicaid, which provides some health care services at no cost to you.

What is life insurance? +

Life insurance is a contract between you and an insurance company, where you pay regular premiums in exchange for a lump sum payment (death benefit) to your beneficiaries upon your death.

What are the different types of life insurance? +

Term Life Insurance: Provides coverage for a specific period (e.g., 10, 20, or 30 years). If you pass away during this term, your beneficiaries receive the death benefit. It does not build cash value. Whole Life Insurance: Offers lifetime coverage with a death benefit and also builds cash value over time, which you can borrow against or use. Universal Life Insurance: A flexible policy that allows you to adjust the premiums and death benefit while also building cash value.

How much life insurance coverage do I need? +

The amount of coverage you need depends on factors like your income, debts, family needs, and long-term financial goals. A common rule is to have coverage worth 10 to 15 times your annual income, but this can vary based on your individual situation.

What is the difference between beneficiaries and policyholders? +

The policyholder is the person who owns the life insurance policy and pays the premiums, while the beneficiary is the person or group that receives the death benefit when the policyholder passes away.

Can I change my beneficiaries? +

Yes, you can change your beneficiaries at any time during the life of the policy, as long as the policy is in force and you follow the correct procedure with the insurance company.

What is the contestability period? +

The contestability period is the time during which you have the right to contest the decision of the insurer to pay the death benefit. This period varies depending on the type of life insurance policy and the insurer.

Does life insurance cover accidental death? +

Some life insurance policies include accidental death coverage, while others may require a separate rider for this benefit. Be sure to review your policy to understand what’s covered.

Can I cancel my life insurance policy at any time? +

Yes, you can cancel your life insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is cash value? +

Cash value is the accumulated value of the life insurance policy that can be used to pay for expenses, such as medical bills or funeral expenses.

How do I borrow against cash value? +

You can borrow against the cash value of your life insurance policy, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What is the difference between whole life and universal life insurance? +

Whole life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years) and builds cash value over time. Universal life insurance offers lifetime coverage with a death benefit and also builds cash value over time.

How are life insurance premiums determined? +

Life insurance premiums are based on factors like age, health, lifestyle (e.g., smoking), coverage amount, and type of policy. Generally, younger, healthier individuals pay lower premiums.

Can I borrow money from my life insurance policy? +

If you have a whole life or universal life policy, it may build cash value over time. You can borrow against this cash value, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What happens if I stop paying my life insurance premiums? +

If you stop paying premiums, your policy may lapse. For permanent policies like whole or universal life, the cash value may cover the premiums for a time, but eventually, if premiums are not paid, the policy will end.

What is auto insurance? +

Auto insurance is a contract between you and an insurance company that provides financial protection against damage or injury caused by accidents, theft, or other incidents involving your vehicle. It covers both liability and your vehicle's repair costs depending on the type of policy.

What types of auto insurance coverage are available? +

There are several types of auto insurance coverage, including liability, collision, comprehensive, uninsured/underinsured motorist, and additional coverage like roadside assistance and collision damage waiver.

How much auto insurance do I need? +

The amount of coverage you need depends on factors such as the value of your car, your driving habits, your state's legal requirements, and whether you own or lease your vehicle. A good starting point is to meet your state's minimum required coverage, but you may want additional coverage for added protection.

Can I cancel my auto insurance policy at any time? +

Yes, you can cancel your auto insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between liability and comprehensive coverage? +

Liability coverage covers the damages and injuries caused by accidents, while comprehensive coverage also covers non-accident damages, such as theft or vandalism.

How do I choose the right auto insurance policy? +

When selecting an auto insurance policy, consider factors such as the type of coverage you need, your driving habits, the value of your vehicle, and your state's legal requirements.

What factors affect my auto insurance premium? +

Several factors impact your insurance premium, including: Your driving history (accidents, tickets), The make, model, and age of your car, Your location (accident rates in your area), Your age, gender, and marital status, The level of coverage you choose, Your credit score (in some states).

What is a deductible? +

A deductible is the amount you must pay out of pocket before your insurance policy starts to cover the remaining cost of repairs or claims. For example, if you have a $500 deductible and incur $2,000 in damages, you will pay $500, and your insurer will pay the remaining $1,500.

What is the difference between comprehensive and collision coverage? +

Collision coverage pays for repairs to your vehicle after a collision with another vehicle or object, regardless of who is at fault. Comprehensive coverage covers non-collision incidents, such as theft, vandalism, or damage from natural disasters.

Can I get uninsured/underinsured motorist coverage? +

Yes, uninsured/underinsured motorist coverage is available in some states. This coverage provides financial protection for you if another driver is uninsured or underinsured.

Is auto insurance required by law? +

Yes, in most states, you are required to have a minimum level of liability insurance. Some states also require additional coverage like Personal Injury Protection (PIP) or uninsured motorist coverage. The requirements vary by state, so it’s important to check your local laws.

What happens if I don’t have auto insurance? +

If you drive without insurance, you risk facing legal penalties, fines, and the possibility of your driver's license being suspended. If you're involved in an accident, you could be held responsible for the damages.

Can I add other drivers to my auto insurance policy? +

Yes, you can add other drivers, such as family members or friends, to your policy. However, their driving record and age may affect your premium. It's important to inform your insurer about all the drivers in your household.

What should I do if I get into an accident? +

If you're in an accident, follow these steps: Ensure safety by moving to a safe location if possible. Call the police and file a report. Exchange contact and insurance information with the other driver(s). Take photos of the accident scene, vehicle damage, and injuries. Notify your insurance company about the accident as soon as possible.

What is home insurance? +

Home insurance is a contract between you and an insurance company that provides financial protection against damage or loss caused by natural disasters, theft, or other incidents.

What types of home insurance coverage are available? +

There are several types of home insurance coverage, including flood, fire, burglary, and liability. You may also have coverage for water damage, mold, and other property damage.

How much home insurance do I need? +

The amount of home insurance coverage you need depends on the value of your property, the type of coverage you want, and your insurance provider. You may also need additional coverage for water damage, mold, and other property damage.

Can I cancel my home insurance policy at any time? +

Yes, you can cancel your home insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between flood and fire coverage? +

Flood coverage covers damage caused by floods, while fire coverage covers damage caused by fires.

How do I choose the right home insurance policy? +

When selecting home insurance, consider factors such as the type of coverage you need, the value of your property, and your insurance provider.

What factors affect my home insurance premium? +

Factors such as the type of coverage you need, the value of your property, and your insurance provider can significantly impact your premium.