COVID II wave impact

20000
Children have lost
One Parent

5000
Children have become
ORPHANS as they lost
both Parents 2
COVID II Impact on Children

Financial and
Educational goals
of a child are
severely hampered
in such pandemic
times
3
 Who will pay for CHILD’s future?

Who is the Savior??

Shouldn’t their future be

PROTECTED?
Who will pay for their future?
 Uncle
 Aunt
 Grand Parents
 Relatives
 Neighbors 4
 Observing July as Child Growth Month

“In India, most of the schools/ colleges’

new sessions start in July”

“Parents take decisions on school/college

admissions for their child’s better
education”

“Children going abroad for studies”

FUNK
Y TUN

“Education is the top most priority for

ES

child’s overall growth”

5
 Typical needs of a child

ONGOING
EXPENSES

Living expenses
Regular
School fees
Income
Extra coaching fee

Celebrating occasions

6
 Presenting…

Smart Life with

Power of Child Growth Month | Power of India Growth Fund | Power of MWPA | Power of Waiver of
Premium

7
How does Smart Life work?
Pay X Get 1.7X Lump sum
Rs. 20 lakh
Rs. 2.8 lakh

Rs. 1.8 lakh

10% 15%
Invest Rs. 2,00,000 p.a. 10%
for 7 years

Class X Class XII

Father 35 42 45 47 50

Child 6 yrs 12 yrs 15 yrs 17 yrs 21 yrs

Use partial withdrawals to fund Kids education

For a 35 year old, male, PPT/PT is 7/15 years 8
 - The new “Smart”

S
mart Investment with Limited Pay Options

M aximise growth with better returns

A ssurance of goals with waiver of premium

R egular Loyalty and Wealth Boosters

T
ax benefits for an efficient investment

9
 Smart Investment Plan with Limited Pay options

Smart Plans now available with Limited Pay option

Single Pay 7 Pay 10 Pay Regular Pay

If you want to save Rs. 15,00,000 in 15 years, this is how much you need to save

Payment Option Premium Total Paid

7 Pay 1,10,000 7,70,000

10 Pay 82,000 8,20,000
Regular Pay 62,000 9,30,000

Complete your liabilities earlier and get higher returns as well

10
Maximise growth as India is BACK post COVID II wave

 Markets are gradually opening up

 High Consumption expectations from FMCG

 Automobile industries are seeing positive

trends

 Banks are expecting surge in lending business

 Pharmaceutical sector looking highly

profitable

 Real estate sector is set for a leap

11
 Maximise growth by using the Power of India Growth Fund
Sector Holdings – Assets Invested % India Growth fund can help our
6.63%
Banking & HDFC Bank Limited customers generate
Financial Housing Development Finance Corpn. 5.15%
activities 2.80%
Axis Bank Limited • Superior long-term capital appreciation by investing
Infosys Limited 7.11% in a diversified portfolio of equity
Technology
TCS Limited 3.23%
Stocks • Growth is propelled as India unlocks & witnesses
Endurance Technologies Limited 1.89%
rising domestic consumption across sectors
Hindustan Unilever Limited 3.15%
FMCG ITC Limited 2.23% • Key growth sectors: Banking & Finance, Pharma,
Nestle India Limited 0.68% Information Technology, Retail and Infra & Energy.
Larsen & Tourbo Limited 2.52%
Infra & Energy
Ultratech Cement Limited 1.84%
Stocks
Jindal Steel & Power Limited 1.25% Performance ~75%
Dr. Reddys Laboratories Limited 1.12% Vs
Pharma Stocks Sun Pharmaceutical Inds. Limited 1.05% Benchmark ~69%
Aurobindo Pharma Limited 0.98%

12
 Assurance of Goal with Waiver of Premium (WOP)

“No matter what are/will the circumstances be Child’s education

milestones will come at it’s due time..without any delay !”

WOP – The Savior

 An inbuilt Wavier of Premium (WOP) benefit in Smart Life
 A comprehensive protection to secure your goal for your child
 In case of unforeseen and unfortunate event of death of the Life Assured,
i.e. parent; all future premiums payable under the policy will be waived
off
 ICICI Prudential Life Insurance will pay premium on your behalf
 Policy will continue
 Units will continue to be allocated as the premiums will be paid
uninterrupted by ICICIPRULIFE
 Your savings are safeguarded for your desired goal for your child

13
 Assurance of Goal with Waiver of Premium (WOP)
Kartik wants to save Rs. 15,00,000 for his child’s college 15 years from now. For this he buys a 7 pay 15 stay
Smart Kid Plan with premium 1,10,000
Just ₹10 per day to get WOP
benefit

Death Benefit of
Rs11 Lakh

Tax free
Tax free Kartik Dies
~ Rs. 15 lakh
~ Rs.15 lakh
Company funds future
Premium
Premium Rs1.15 L pa premium
Rs1.15 L pa

X
35 yrs 50 yrs 35 yrs 50yrs
All is Well when Kartik is around All is Well even if Kartik is NOT around

Goal guaranteed. No matter what!! 14

 Regular loyalty additions and Wealth Boosters

Get rewarded for staying invested for a longer duration

Additions When are they payable? What is Criteria for additions
payable?

End of 6th, 7th, 8th, 9th, 10th,……till the All due premiums are
Loyalty Additions 0.25% #
end of the policy term paid till date

Loyalty Additions End of 6th, 7th, 8th, 9th, 10th,……till the Premiums payable for
0.25% #
(Extra) end of the policy term the year are paid*

All due premiums are

End of 10th, 15th,20th, 25th year subject 3.25% #
Wealth Boosters paid till date
to policy term.

*If no premiums are payable then no additional loyalty additions

# of the average Fund Value on the last business day of the last eight policy quarters.

15
 Tax benefits for a tax-efficient plan

EXE EXE EXE

MP T MPT MPT
Investment During Investment Maturity

• Save upto 46,800 under section • No tax on switching between • No tax on maturity
80(C) equity and debt or partial
withdrawals

Partial Withdrawal Investment 7,00,000

Investment Tax Saved per yr
Switching Maturity Value 15,00,000
50,000 15,600
1,00,000 31,200
1,50,000 46,800
Tax to be paid 0 Tax to be paid 0

Only avenue that allows tax-free investment in equities

16
 Securing Goals with the Most Powerful TRUST mankind has ever
seen
Married Woman Property Act (MWPA) - 1874
Keep the sacrosanct goal’s money debt free

MWPA is a legal tool to protect Beneficiaries in MWPA:

your family, against unforeseen,
unfortunate circumstances.  Wife as a beneficiary
 Child as a beneficiary
This asset would be encumbrance  Wife and Child both as a
free, which means; beneficiary
 Protection of asset against
creditors Attaching MWPA is a simple
 Protection against tax online process (a tick and
authorities providing beneficiary details)
 Protection against liquidation at the proposal stage
of asset
17
 Smart Life – Boundary Conditions

Premium payment term (PPT) One Pay, Limited Pay, Regular Pay
Policy term 10 - 25 years
Minimum age at entry 20 years
Maximum age at entry 54 years
Minimum age at maturity 30 years
Maximum age at maturity 64 years

Premium payment mode

Single/Annual/Half-yearly/Monthly

18
 Smart Life – Boundary Conditions

Entry age Premium

Minimum Premium 20 to 49 45,000 p.a.
(Regular Pay)
50-52 1,20,000 p.a.
53 to 54 Rs. 5,00,000 p.a.

Minimum Premium
(Limited Pay)
Rs. 45,000 p.a.

Entry age SA Premium

Minimum Premium
29-35 10 times Rs. 1,25,000
(Single Pay)
Others 1.25 times Rs. 45,000

Maximum Premium: Unlimited 19

 Smart Life – Boundary Conditions
Entry age Min Sum Assured
<= 45 Higher of (10 X A.P) & (0.5 X
Min/Max Sum Term X A.P)
Assured (Regular > 45 Higher of (7 X A.P) & (0.25 X
Pay) Policy term X A.P)
A.P. = Annual Premium
Maximum SA as per Maximum Sum Assured Multiple

Min/Max Sum Minimum: 7 X Annual Premium

Assured (Limited SMaximum: Higher of (10 X Annual Premium) and (0.5 X
Policy term X Annual Premium)
Pay)
Entry age Min SA Max SA
Min/Max Sum
<= 35 1.25 * SP 10 * SP
Assured (Single Pay)
> 35 1.25 * SP 1.25 * SP

S.P. = Single Premium

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 Smart Life – Boundary Conditions

Premium allocation charge

Year 6
PPT Mode Year 1 Year 2 Year 3 Year 4 & 5
onwards
Limited/ Annual 6% 5% 4% 4% 2%
Regular Pay Others 4% 4% 3.5% 3% 2%
One Pay N/A 3% -

Policy administration charge

PPT Charge
Limited/Regular Pay 0.21% p.m. for the entire Policy Term
One Pay Rs. 60 p.m. from year 1 to year 5
Policy administration charge is capped at Rs. 500 p.m. for Limited/Regular Pay policies

21
 Smart Life – Charges
Fund Management Charges
Fund Fund Management Charge
Maximise India Fund 1.35% p.a
Maximiser V 1.35% p.a
Value Enhancer Fund 1.35% p.a
Opportunities Fund 1.35% p.a
Multi Cap Growth Fund 1.35% p.a
Bluechip Fund 1.35% p.a
Active Asset Allocation Balanced
1.35% p.a
Fund
Multi Cap Balanced Fund 1.35% p.a
Income Fund 1.35% p.a
Secure Opportunities Fund 1.35% p.a
Money Market Fund 0.75% p.a.

Mortality charges will be levied every month by redemption of units based on the Sum at Risk
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Thank You!!