Smart Kid New Unit Linked Single Premium ULSP:

We strive hard to provide our children with the best of everything in life.  It is also important that they have the best education so that they will be able to start their independent life with a head start above the others to meet the growing competition of these days.

ICICI offers Smart Kid New Unit-Linked Single Premium which provides you with orderly payoffs to meet your financial requirements at the correct times.

The main feature which differentiates this plan from the other Smart Kid plan is that it is necessary that you pay your premium in a single investment.  Your premium is not allowed to be less than rupees fifty thousand.

The benefits that make up this plan are,
You are provided with orderly payoffs from the policy.  From the personal details given by you, the policy provides you with money. 

This amount will take care of your child’s higher education either in India or abroad.  By investing in this plan, your child’s education is confirmed no matter what the home situation.

Death during the policy term will provide your child at once with the sum assured.  He is not asked to pay the balance premiums, but he will continue to receive the policy benefits up to the original maturity date.

This plan provides you an Income Benefit Rider.  If you have opted for this rider when buying this policy, you will be provided with its benefits. 

If you die before the policy term is over, your child will be provided with ten percent of the rider sum assured until the policy term is over.

There are two more riders available under this plan which are the Accidental Death and Disability rider and the Premium Waiver rider.  The addition of these riders will provide your child with additional benefits and secures his future with a stronger bond.

According to the tax benefits available under this plan, the premiums that you pay are entitled for tax savings and the death and maturity benefits that you will receive are entitled to receive tax free facility.

In other words, this policy provides security for the child’s education and ensures that he is provided with unlimited financial benefits so that he is able to start his life with a good foundation.