The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
Protect Your Dreams, Not Just Your Life
Life is full of dreams—whether it’s providing the best education for your child, ensuring a comfortable retirement, or funding a dream home. But life is also unpredictable. Imagine planning every detail to perfecton, only to find your dreams compromised by unforeseen events. This is where an insurance plan focused on goal security becomes your safety net, ensuring that your aspirations are always within reach, no matter what life throws your way.
An insurance plan with goal security is more than a policy—it’s a promise to protect the dreams that fuel your efforts today. It helps ensure that even in your absence, your loved ones have the financial resources to meet life’s milestones without compromises. Be it tuition fees for a prestigious university or a dream wedding for your child, this plan safeguards what matters most. ICICI Pru Smart Goal Assure is one such plan.
About the ICICI Pru Smart Goal Assure
The ICICI Pru Smart Goal Assure is a unique multi-benefit ULIP that blends the benefits of life insurance with investment, focusing on goal-based savings. With the Smart Benefit feature1, your plan remains secure through premium waivers and family income2 support in case of life's uncertainties, keeping your goals intact. Plan also has Maturity Protect4 feature a guaranteed maturity benefit to safeguard your investments.
Your entire premium is allocated among the funds of your choice with a range of funds and portfolio strategies tailored to your needs. ICICI Pru Smart Goal Assure empowers you with the freedom to grow and secure your investments as life evolves. It's not just a policy, it’s a partner in achieving your goals.
Key Features of ICICI Pru Smart Goal Assure
4 Simple Steps to Secure Your Goals
HOW IT WORKS
Kushagra, a 35-year-old IT professional, wishes to save for his 1-year-old daughter’s future higher education. For the same, he purchased ICICI Pru Smart Goal Assure to grow his wealth, secure his family's future and achieve the goal of his daughter’s education. He chose a premium payment term of 10 years, a policy term of 20 years and pays a yearly premium of ₹5,00,000. This provides him with a sum assured of ₹ 50 lakh, along with family income benefit of 10% of the Sum assured (i.e. ₹ 5,00,000)
Plan Details
Premium payment mode: Annually
Premium payment term: 10 Years
Annualized Premium: `5,00,000
Age at entry: 35
Policy term: 20
Sum Assured Multiple: 10X
Sum Assured: ` 50,00,000
Income Benefit: ` 5,00,000
If all is well
*Survival Video/ Illustration Here*
Age at maturity: 55 years
Completed policy year: 20 years
Maturity value @8% ARR^: ` 1,15,26,166
Maturity value @4% ARR^: ` 62,59,471
If all is not well
*Death Video/ Illustration Here*
Age at eventuality: 37 years
Lumpsum Death benefit: ` 30,00,000
Premiums Waived off: 7
Total Premium amount waived off:` 35,00,000
Yearly Family Income till 20th Policy year: `5,00,000
Total Family Income: ` 85,00,000
^ARR : assumed rate of return. For illustration purposes, the Company has assumed 8% and 4% as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits that you may get. As the value of the policy depends on a number of factors including future investment performance.
The above illustration is for a healthy male life with 100% of his investments in Maximiser V and fixed portfolio strategy. The above are illustrative maturity values, net of all charges, Goods and Services taxes and/ or cesses. Since your policy offers variable returns, the given illustration shows different rates of assumed future investment returns. The returns shown in the benefit illustration are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy depends on a number of factors including future investment performance.
When benefit illustrations are included in the content of advertisements- Some benefits are guaranteed, and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits, then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable benefits, then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed, and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.
The above illustration is for a healthy male life with 100% of his investments in Maximiser V and fixed portfolio strategy. The above are illustrative maturity values, net of all charges, Goods and Services taxes and/ or cesses. Since your policy offers variable returns, the given illustration shows different rates of assumed future investment returns. The returns shown in the benefit illustration are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy depends on a number of factors including future investment performance.
When benefit illustrations are included in the content of advertisements- Some benefits are guaranteed, and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits, then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable benefits, then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed, and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.
On maturity, Divya will get returns according to the performance of funds she had invested in.
Amount of single premium: `1,00,000
Sum Assured: `10,00,000
Age at entry: 30 years
Policy term: 10 years
| Assumed investment returns | @ 4% ARR` | @ 8% ARR` |
| `Fund Value at Maturity | `1,20,670 | `1,76,956 |
`ARR: Assumed Rate of Return
Note: As per IRDAI guidelines, returns are shown at 4% p.a. and 8 p.a.:
For this example, we have assumed that the investment is done in the Maximiser Fund V (SFIN: ULIF 114 15/03/11 LMaximis5 105)
In case of Divya's death during policy term, Divya's nominee will receive the death benefit as a lump sum payout.
| Year of death | Death Benefit paid out to nominee | |
|---|---|---|
| @ 4% ARR` | @ 8% ARR` | |
| 5 | `10,00,000 | `10,00,000 |
| 10 | `10,00,000 | `10,00,000 |
`ARR : Assumed Rate of Return
The above illustration is for a healthy female life with 100% of her investments in Maximiser V. The above are illustrative maturity values, net of all charges, Goods and Services taxes and/ or cesses. Since your policy offers variable returns, the given illustration shows different rates of assumed future investment returns. The returns shown in the benefit illustration are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy depends on a number of factors including future investment performance.
THINGS YOU NEED TO KNOW
What is the Minimum and Maximum entry age for this plan?
The Minimum entry age is 18 years, and the maximum entry age is 50 years.
What is the Minimum and Maximum Policy term for this plan?
The Minimum policy term is Minimum of (20 years, Maximum Maturity Age minus Entry Age). Maximum maturity age is 65 years. Maximim policy term is 25 years.
What is the minimum Premium for this plan?
The minimum premium is ₹ 1,00,000 per annum
What are the premium payment terms available with this plan?
The minimum premium payment term is 5 years for age at entry age up to 45 years and 7 years for entry age above 45 years.
What is the minimum and Maximum maturity age for this plan?
The Minimum maturity age is 33 years and maximum maturity age is 65 years.
What is the Death Benefit for this plan?
Death Benefit will comprise of two parts:
- Lump sum Benefit (higher of sum assured or minimum death benefit)
- Smart Benefit
What is Smart Benefit?
Smart Benefit ensures the preservation and continuity of goal-based savings in case of death of the Life Assured. Smart Benefit is comprised of two components, namely, Future Secure and Family Income benefits.
What is Future Secure feature?
Upon the death of the Life Assured (provided all due premiums have been paid) the company will waive all future premiums as and when payable under the policy (after the date of death) and the policy shall continue till the end of policy term.
What is Family Income feature?
An amount equal to a 10% of the Sum Assured will be paid out to the nominee as a regular income on each subsequent policy anniversary following the Life Assured’s death, continuing until the end of the policy term.
What is Maturity Protect Feature?
This benefit is applicable only where the Life Assured survives until the end of the policy term and all due premiums have been paid. (Answer to be updated once update U&F is received).
What is Systematic Withdrawal Plan (SWP)?
SWP allows you to withdraw a pre-determined percentage of your fund value regularly.
When can I do partial withdrawal(s)?
Partial withdrawals are allowed only after the first five policy years, provided all premiums for the first five years have been paid.
What are the tax benefits under this policy?
You can avail tax benefits on the premiums you pay towards this plan and the benefit you received, subject to conditions under section 80C,10(10D) & other provisions of the Income Tax Act, 1961.
PERFORMANCE OF FUNDS`
| Fund Name (As on ) | Returns (p.a.) | Returns (p.a.) |
Inception Date |
|||||
|---|---|---|---|---|---|---|---|---|
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | Since Inception | |||
EQUITY | ||||||||
| Bluechip Fund | ||||||||
| Maximiser V Fund | ||||||||
| Multi Cap Growth Fund | ||||||||
| Opportunities Fund | ||||||||
| Maximise India Fund | ||||||||
| Value Enhancer Fund | ||||||||
| Focus 50 Fund | ||||||||
| India Growth Fund | ||||||||
| Sustainable Equity Fund | ||||||||
| Mid Cap Fund | ||||||||
| Mid Cap Index Fund | ||||||||
| Mid Cap 150 Momentum 50 Index Fund | ||||||||
| Multicap 50 25 25 Index Fund | ||||||||
| MidSmall Cap 400 Index Fund | ||||||||
| MidSmallCap 400 Momentum Quality 100 Index Fund | ||||||||
| Smallcap 250 Momentum Ǫuality 100 Index Fund | ||||||||
BALANCED | ||||||||
| Multi Cap Balanced Fund | ||||||||
| Active Asset Allocation Balanced Fund | ||||||||
| Balanced Advantage Fund | ||||||||
| Mid Cap Hybrid Growth Fund | ||||||||
DEBT | ||||||||
| Income Fund | ||||||||
| Money Market Fund | ||||||||
| Secure Opportunities Fund | ||||||||
| Constant Maturity Fund | ||||||||
Please note: NA: Fund has not completed the stipulated time period
Past performance is not indicative of future performance.
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