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Insurance policy is a contract of protection/compensation by the insurer to the insured. It is designed to reimburse or compensate the insured party for the financial loss caused in event of death or damage to merchandise as mentioned in the insurance contract.

Broadly insurance can be classified in two categories:
First - Life Insurance which matures in event of death of the insured/policyholder. On occurrence of such an event the insurance company pays a sum of money assured to the nominee/beneficiary (person nominated by the policyholder). Life Insurances are of two types:
Traditional Plans - which contain Endowment Plan , Cash Back Plan, Term Plan , (Term Life Insurance) and Whole life policy. And Unit-linked Insurance Plans - are of 4 types - Endowment cum Ulips, Children Plan , Retirement Plan or Pension plan and investment/saving plans.
Second - General insurance. All insurance policies other than life insurance policies come under general insurance segmentation. (Also known as non-life insurance policies). These policies include Home Insurance, Auto Insurance, Travel Insurance, Marine Insurance, Theft Insurance, Office insurance and Health insurance
Health insurance is most acquired policy in general insurance segment. Health insurances are of 3 types - Comprehensive Plan - which include Mediclaim and Fixed benefits plan, Accidental Insurance and Critical Care plan .
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Home > Life Insurance > Life Insurance Companies > ICICI Prudential Life Insurance > Smart Kid New Unit-linked regular premium

ICICI Prudential- Smart Kid New Unit-linked regular premium

Smart Kid New Unit-linked regular premium is unit linked plan which gives you and your child security and financial help for the future. The plan invests your funds in market linked instruments, so your money keeps increasing and you have a good amount of corpus to fulfill your child’s dreams.

Benefits :
1) You can invest minimum Rs10,000 pa
2) There is a death benefit added to the policy.
3) You get an option of choosing from any 8 different kinds of investment funds.
4) You also have an income benefit rider where the child gets an amount annually incase of death of the policyholder.
5) You can also avail of the tax benefits.
6) You can add riders to increase the protection cover.
7) You have the option of switching and top-up to your portfolio.
8) Premium payment can be done monthly, half-yearly or yearly

Eligibility :
Parameters Minimum Age Maximum Age
Age of Parent 20 years 60 Years
Age of Child 0 Years 15 Years
Policy Term 10 Years 25 Years
Age of Maturity Parent - 75 years, Child - 19-25 years
Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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