IN THIS POLICY, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Fulfill your financial goals and get the

potential to create WEALTH for your FAMILY.

Protect your loved ones with Life Cover and Smart Benefit#.

#Under smart benefit, the company pays the future premiums on your behalf in the form of units on the due date, in case of an unfortunate event. Smart Benefit is valid for regular premium policies and applies only if all due premiums have been paid.
This is a unit linked non-participating individual savings life insurance plan. In this

policy, the investment risk in investment portfolio is borne by the Policyholder.

Unit linked Insurance products do not offer any liquidity during the first five years

of the contract. The Policyholder will not be able to surrender/withdraw the

monies invested in unit linked insurance products completely or partially till the

end of the fifth year.

Taking care of your responsibilities towards your near and dear ones has always been one of your top

most priorities. This means ensuring that your dreams for your family are not jeopardised if anything

unfortunate happens to you – while also working on 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

protect your family with a life cover and save towards these goals.

With this objective in mind, we present ICICI Pru Smart Life – a savings and protection oriented Unit

Linked Life Individual Plan. This plan offers you a life insurance cover to protect your family even in case

of your unfortunate demise along with multiple choices on how to save so that you can accumulate funds

towards your desired goals.

Key benefits of ICICI Pru Smart Life

Comprehensive protection to secure your goal: In the unfortunate event of death of the Life Assured, the claimant receives

a. Lump sum payment of Sum Assured – to take care of any immediate liabilities on the family, and

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: Select a portfolio strategy of your choice from,

a. Fixed Portfolio Strategy: Option to allocate your savings in the funds of your choice from a diverse suite
of funds.

b. LifeCycle based Portfolio Strategy 2: 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, for limited period 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 with us over the long term

Choice of protection level: Choose the level of protection that suits your needs.

Tax benefits may be applicable on premiums paid and benefits received as per the prevailing tax laws

How does the Policy work?

Decide your premium amount, premium payment term and the policy term

Select the Sum Assured as per your protection needs

Choose to save in one of the 2 available Portfolio Strategies

On maturity of your policy, receive your maturity benefit as a lump sum or as a structured payout through settlement
option to meet your financial goals

In case of your unfortunate death during the policy term your nominee will receive the Lump Sum benefit. All future
premiums will be waived and Units will be allocated as if the future due premiums are being received as per the premium
payment term. The Nominee will receive the Fund Value, including Top up Fund value, if any, at the policy maturity date.
ICICI Pru Smart Life at a glance

Regular Pay
Premium payment term Same as Policy Term
Regular Pay:
Age at Entry Minimum Premium
Minimum Premium 20 – 49 years ` 45,000 p.a.
50 – 52 years ` 120,000 p.a.
53 – 54 years ` 500,000 p.a.
Maximum Premium Unlimited
Premium payment modes Annual, Half-yearly and Monthly
Min/Max Policy term 10 years to 25 years
Min/Max age at entry 20/54 years
Min/ Max age at maturity 30/64 years
Age at entry Maximum Sum Assured multiple Min. Sum Assured
20-25 30
26-30 25
7 X Annualised Premium
31-35 15
Sum Assured
36-40 15
41-44 15

45-54 10 7 X Annualised Premium

Applicable Goods and Services Tax & cesses, if any will be charged extra by redemption of units, as per
Tax Benefits
applicable rates.Premium and any benefit amount received under this policy will be eligible for tax
benefit as per the prevailing Income Tax laws.

One Pay
Age at Entry Sum Assured Minimum Premium
Minimum Premium 29– 35 years 10 times of Single Premium ` 1,25,000
All other cases ` 48,000
Maximum Premium Unlimited
Policy term 10 years
Min/Max age at entry 20/54 years
Min/ Max age at maturity 30/64 years
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
Sum Assured Above 35 years 1.25 X Single Premium 1.25 times of Single Premium
Note: Sum Assured amounts in between the maximum and minimum limits are not
available in Single Pay option
Applicable Goods and Services Tax & cesses, if any will be charged extra by redemption of units, as per
Tax Benefits
applicable rates. Premium and any benefit amount received under this policy will be eligible for tax
benefit as per the prevailing Income Tax laws.
 Limited Pay
Premium payment term 5 / 7 / 8 / 10 years

Minimum Premium `45,000 p.a.

Maximum Premium Unlimited

Premium payment modes Annual, Half-yearly and Monthly

5 Pay / 7 Pay / 8 Pay – 10 years to 25 years

Min/Max Policy term
10 Pay – 11 years to 25 years

Min age at entry 20 years

PPT/PT 10 11-15 16-20 21-25

5 45 43 41 36
Max age at entry
7 48 46 43 37

8 49 46 43 37

10 NA 46 43 37

Min/ Max age at maturity 30/64 years

Minimum: 7 X Annual Premium

Sum Assured
Maximum: Higher of (10 X Annual Premium) and (0.5 X Policy term X Annual Premium)

Applicable Goods and Services Tax & cesses, if any will be charged extra by redemption of units, as per
Tax Benefits
applicable rates.Premium and any benefit amount received under this policy will be eligible for tax benefit
as per the prevailing Income Tax laws.

Please assess whether you can afford to pay your premiums untill the end of the premium payment term selected before purchasing the policy.

Please note that by opting for higher Sum Assured multiples your policy will be more protection oriented.

How will your money be saved?

With ICICI Pru Smart Life, you have the option to choose from two following portfolio strategies:
1. Fixed Portfolio Strategy
2. LifeCycle based Portfolio Strategy 2

Fixed Portfolio Strategy

This strategy enables you to manage your savings actively. Under this strategy, you can choose to save your monies in any of the
following fund options in proportions of your choice. You can switch monies amongst these funds using the switch option.
The details of the funds are given in the table below:
Fund Name and Its Objective Asset Allocation % (Min) % (Max) Risk-Reward Profile
Opportunities Fund: To generate superior long-term returns Equity and Equity
80% 100%
from a diversified portfolio of equity and equity related Related Securities
instruments of companies operating in four important types Debt 0% 20% High
of industries viz., Resources, Investment-related,
Consumption-related and Human Capital leveraged industries. Money Market and Cash 0% 20%
SFIN: ULIF 086 24/11/09 LOpport 105
Multi Cap Growth Fund: To generate superior long-term Equity and Equity
80% 100%
returns from a diversified portfolio of equity and equity Related Securities
related instruments of large, mid and small cap companies. Debt 0% 20% High
SFIN: ULIF 085 24/11/09 LMCapGro 105 Money Market and Cash 0% 20%
Bluechip Fund: To provide long-term capital Equity and Equity
80% 100%
appreciation from equity portfolio predominantly Related Securities High
invested in large cap stocks. Debt 0% 20%
SFIN: ULIF 087 24/11/09 LBluChip 105 Money Market and Cash 0% 20%
Maximiser V: To achieve long-term capital appreciation Equity and Equity
75% 100%
through investments primarily in equity and equity-related Related Securities
High
instruments of large and mid cap stocks. Debt 0% 25%
SFIN: ULIF 114 15/03/11 LMaximis5 105 Money Market and Cash 0% 25%
Value Enhancer Fund: To achieve long-term capital Equity and Equity
85% 100%
appreciation through investments primarily in equity and Related Securities
equity-related instruments in sectors that are emerging or Debt 0% 15% High
witnessing a inflection in growth trajectory. Money Market and Cash 0% 15%
SFIN: ULIF 139 24/11/17 VEF 105
Multi Cap Balanced Fund: To achieve a balance between Equity and Equity
0% 60%
capital appreciation and stable returns by investing in a Related Securities
mix of equity and equity related instruments of large, mid & Debt 20% 70% Moderate
small cap companies and debt and debt related instruments.
Money Market and Cash 0% 50%
SFIN: ULIF 088 24/11/09 LMCapBal 105
Secure Opportunities Fund: To provide accumulation of Debt 60% 100%
income through investment in various fixed income securities.
The fund seeks to provide capital appreciation while maintaining Low
a suitable balance between return, safety and liquidity. Money Market and Cash 0% 40%
SFIN: ULIF 140 24/11/17 SOF 105

Income Fund: To provide accumulation of income through Debt 40% 100%

investment in various fixed income securities. The fund
seeks to provide capital appreciation while maintaining a Low
suitable balance between return, safety and liquidity. Money Market and Cash 0% 60%
SFIN: ULIF 089 24/11/09 LIncome 105
Money Market Fund: To provide suitable returns through low Debt 0% 50%
risk investments in debt and money market instruments Low
while attempting to protect the capital deployed in the fund. Money Market and Cash 50% 100%
SFIN: ULIF 090 24/11/09 LMoneyMkt 105
Maximise India Fund: To offer long term wealth maximization Equity and Equity
80% 100%
by managing a diversified equity portfolio, predominantly Related Securities High
comprising of companies in NIFTY 50 & NIFTY Junior indices. Debt 0% 20%
SFIN: ULIF 136 11/20/14 MIF 105 Money Market and Cash 0% 20%
Fund Name and Its Objective Asset Allocation % (Min) % (Max) Risk-Reward Profile
Active Asset Allocation Balanced Fund: To provide capital Equity and Equity
30% 70%
appreciation by investing in a suitable mix of cash, debt Related Securities
and equities. The investment strategy will involve a flexible Debt 30% 70% Moderate
policy for allocating assets among equities, bonds and cash.
Money Market and Cash 0% 40%
SFIN: ULIF 138 15/02/17 AAABF 105
Equity and Equity 90% 100%
Focus 50 Fund: To provide long-term capital appreciation
Related Securities High
from equity portfolio invested predominantly in top 50 stocks.
Debt 0% 10%
SFIN: ULIF 142 04/02/19 FocusFifty 105
Money Market and Cash 0% 10%
India Growth Fund: To generate superior long-term capital Equity and Equity
80% 100%
appreciation by investing at least 80% in a diversified portfolio Related Securities
of equity and equity related securities of companies whose
growth is propelled by India’s rising power in domestic Debt 0% 20% High
consumption and services sectors such as Automobiles,
Retail, Information Technology, Services and Energy.
Money Market and Cash 0% 20%
SFIN: ULIF 141 04/02/19 IndiaGrwth 105
Balanced Advantage Fund: To generate superior long-term Equity and Equity 65% 90%
returns from a diversified portfolio of equity and debt securities. Related Securities
The equity allocation is to be changed dynamically based on
market conditions and relative attractiveness versus other Debt Instruments 10% 35% High
asset classes.

SFIN: ULIF 144 03/06/21 BalanceAdv 105 Money Market and Cash 0% 35%
Sustainable Equity Fund: To focus on investing in select Equity and Equity
companies from the investment universe, which conduct Related Securities 85% 100%
business in socially and environmentally responsible manner High
while maintaining governance standards. Debt Instruments 0% 15%

SFIN: ULIF 145 03/06/21 SustainEqu 105 Money Market and Cash 0% 15%

Mid Cap Fund: To generate superior long term returns by Equity and Equity
investing in mid cap stocks, predominantly those Related Securities 85% 100%
forming part of the Midcap Index. High
Debt Instruments 0% 15%

SFIN: ULIF 146 28/06/22 MidCapFund 105 Money Market and Cash 0% 15%

Mid Cap Hybrid Growth Fund: To generate superior risk-adjusted Equity and Equity
returns by investing in a combination of mid cap stocks (forming Related Securities 65% 80%
part of the Midcap Index) and highly rated bond instruments. High
Debt Instruments 20% 35%

SFIN: ULIF 147 05/01/23 MCHybrdGrt 105 Money Market and Cash 0% 15%
Within the Fixed Portfolio Strategy you also have the option to select Automatic Transfer Strategy (ATS). If this is chosen, you can save
all or some part of your saving in Money Market Fund or Income Fund and transfer a fixed amount in regular monthly instalments into any
one of the following funds: Bluechip Fund, Maximiser V, Multi Cap Growth Fund, Maximise India Fund, Value Enhancer Fund, Focus 50
Fund, India Growth Fund , Opportunities Fund , Balanced Advantage Fund , Sustainable Equity Fund, or Mid Cap Fund or Mid Cap Hybrid
Growth Fund. There would be no additional charges for ATS. The following conditions apply to ATS.
The minimum transfer amount under ATS is ` 2,000.
This transfer will be done in equal instalments in not more than 12 monthly instalments.
ATS would be executed by redeeming the required number of units from Money Market Fund or Income Fund at the applicable unit
value and allocating new units in any one of Bluechip Fund, Maximiser V, Multi Cap Growth Fund, Maximise India Fund, Value
Enhancer Fund, Focus 50 Fund, India Growth Fund, Opportunities Fund , Balanced Advantage Fund, Sustainable Equity Fund, Mid
Cap Fund or Mid Cap Hybrid Growth Fund at the applicable unit value.

At inception, you can opt for a transfer date of either the first or fifteenth of every month. If the date is not mentioned the funds
will be switched on the first day of every month. If the first or the fifteenth of the month is a non-valuation date, then the next
working day’s NAV would be applicable.

Once selected, ATS will be renewed and will be regularly processed for the entire term of the policy or until the Company is
notified, through a written communication, to discontinue the same.

LifeCycle based Portfolio Strategy 2

Your financial needs are not static and keep changing with your life stage. It is, therefore, necessary that your policy adapts to your
changing needs. This need is fulfilled by the LifeCycle based Portfolio Strategy 2

Key features of this strategy

• Age based portfolio management

At policy inception, your savings 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.

Asset allocation details at Policy inception and during the Policy term

Age of Policyholder (years) Multi Cap Growth Fund Income Fund

20 – 25 80% 20%
26 – 35 75% 25%
36 – 45 65% 35%
46 – 55 55% 45%
56 – 65 45% 55%
 • 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 savings in Multi Cap Growth Fund will be systematically transferred to Income Fund in ten
instalments in the last ten quarters of your Policy.

The Policyholder can only have his funds in one of the Portfolio Strategies.

Benefits in detail
Death Benefit

a. 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 including Top-up premiums, if any received up to the date
of death.

For the purpose of this product, Sum Assured is deemed to include the Top-up Sum Assured, if any.

b. 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.

This benefit is not applicable for the One Pay option.

On death of the Life Assured, the following conditions apply:

• The Fund Value including Top up Fund Value, if any, will remain saved in the respective funds and portfolio strategies as on
date of death of the Life Assured.
• Only the Fund Management Charge and Policy Administration Charge will be levied. Units will be allocated as if Premium
Allocation Charges are being deducted. Life Insurance Cover will not apply and mortality charges will not be deducted.

• The policy cannot be surrendered. No policy alterations will be allowed. The Nominee will not be eligible for making partial
withdrawals, paying top up premiums, performing switches, renewing Automatic Transfer Strategy (ATS), redirecting
premium, effecting a change in portfolio strategy, opting for settlement option, increasing or decreasing premium payment
term, increasing or decreasing Sum Assured, increasing or decreasing policy term.

• Loyalty Additions and Wealth Boosters, as described below will continue to be allocated to the Fund Value.

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. This
option is available only where the Life Assured and the Policyholder are the same and the Life Assured survives till the end of the
policy term.

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, switch charge and mortality charge, if any would be levied during the settlement period.
• No Loyalty Additions or Wealth Boosters will be added during this period.
• Rider cover shall cease on the date of maturity.
• You may avail facility of switches as per the terms and conditions of the policy. Partial withdrawal and CIPS will not
be allowed during the settlement period.
• In the event of death of the Life Assured during the settlement period, Death Benefit payable to the nominee as lump
sum will be:

Death Benefit during the settlement period = A or B whichever is highest

Where,

A = Fund Value including Top-up Fund Value, if any

B = 105% of total premiums paid
On payment of Death Benefit, the policy will terminate and all rights, benefits and interests under the policy will
be extinguished.
• On payment of last instalment of the settlement option, the policy will terminate and all rights, benefits and interests
under the policy will be extinguished.
Loyalty Additions and Wealth Boosters

The company will allocate extra units as below.

Benefit When Percentage

End of every policy year, starting from the end of the
Loyalty Additions 0.25%
sixth policy year
Additional Loyalty End of every policy year, starting from the end of the sixth
0.25%
Additions policy year if the premium for that year has been paid
End of every fifth policy year, starting from the end of the One Pay: 1.50%
Wealth Boosters
tenth policy year Limited Pay/Regular Pay: 3.25%

Loyalty Additions, Additional Loyalty Additions and Wealth Boosters will be equal to the above percentage of the average of the
Fund Values on the last business day of the last eight policy quarters.

These units will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of
allocation.

Allocation of Loyalty Additions units, Additional Loyalty Additions units and Wealth Boosters units is guaranteed and shall not
be revoked by the Company under any circumstances.

The above additions will not be added if your monies are in the DP Fund.

Switch between funds:

You have the option to switch between the available funds as and when you choose depending on your financial priorities and
savings outlook. Switching will be allowed provided the monies are not in the DP Fund. This feature is only available if you have
all your funds in the Fixed Portfolio Strategy at the time of switching and minimum value of a switch is ` 2000. This feature is not
available if your monies are saved in the LifeCycle based Portfolio Strategy 2.

Top-up

You can save any surplus money as Top-up premium, over and above the base premium(s), into the policy.
The following conditions apply on Top-ups:
• The minimum Top-up premium is ` 2,000.
• Your Sum Assured will increase by Top-up Sum Assured when you avail of a Top-up. Limits on Top-up Sum Assured
multiples are the same as those applicable for the One Pay premium payment option and are based on the age of the life
assured at the time of paying the Top-up premium.
• Top-up premiums can be paid any time except during the last five years of the policy term, subject to underwriting, as long
as all due premiums have been paid, provided the monies are not in the DP Fund.
• A lock-in period of five years would apply for each Top-up premium for the purpose of partial withdrawals only.
• At any point during the term of the policy, the total Top-up premiums paid cannot exceed the sum of base premium(s) paid
till that time.
• The maximum number of top-ups allowed during the policy term is 99.
Change in Portfolio Strategy (CIPS)
You can change your portfolio strategy once every policy year, provided the monies are not in DP Fund. This facility is provided
free of cost. Any unutilized CIPS cannot be carried forward to the next policy year.

Premium Redirection
This feature is applicable only if you have opted for the Fixed Portfolio Strategy and provided monies are not in DP Fund. If you
have selected Fixed Portfolio Strategy, at policy inception you specify the funds and the proportion in which the premiums are to
be saved in the funds. At the time of payment of subsequent premiums, the split may be changed without any charge. This will
not count as a switch. This benefit is not applicable for the One Pay option.

Partial Withdrawal benefit

Partial withdrawals are allowed after the completion of five policy years provided monies are not in DP Fund. You can make
unlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of the
Fund Value in a policy year. The partial withdrawals are free of cost.

The following conditions apply on partial withdrawals,

• Partial withdrawals are allowed only after the first five policy years.
• Only for the purpose of partial withdrawals, lock in period for Top-up premiums will be five years from date of
payment or any such limit prescribed by IRDAI from time to time.
• Partial withdrawals will be made first from the Top-up Fund Value, as long as it supports the partial withdrawal, and
then from the Fund Value built up from the base premium(s).
• Partial withdrawal will not be allowed if it results in termination of the policyT&C6.

Decrease of Sum Assured:

You can choose to decrease your Sum Assured at any policy anniversary during the policy term provided all due premiums till
date have been paid, monies are not in the DP Fund.

• Decrease in Sum Assured will not change the premium payable under the policy.
• Decrease in Sum Assured is allowed up to the minimum allowed under the given policy.
• Such decreases would be allowed in multiples of ` 1,000, subject to limits.
• Once decreased, the Sum Assured cannot be increased.

Decrease in Policy Term:

• You can choose to decrease your policy term by notifying the Company.
• Decrease in terms is allowed subject to the Policy terms allowed under the given policy.
• If Policy Term is amended, all future charges will reflect the updated Policy Term.
• Once decreased, the Policy Term cannot be increased.
Non Forfeiture Benefits
1) Surrender: During the first five policy years, on receipt of intimation that you wish to surrender the policy, the Fund Value
including Top-up Fund Value, if any, after deduction of applicable Discontinuance Charge, shall be transferred to the
Discontinued Policy Fund (DP Fund). For treatment thereafter, please refer to the sections on Treatment of the policy while
monies are in the DP Fund and policy revival. The proceeds of the discontinued policy shall be refunded only upon
completion of the lock-in period.
If the policy is not revived, you or your nominee, as the case may be, will be entitled to receive an amount not less than the
Fund Value including Top-up Fund Value, if any, which was transferred to the DP Fund, on the earlier of death and the
expiry of the lock-in period. Currently the lock-in period is five years from date of commencement of policy.
On surrender after completion of the fifth policy year, you will be entitled to the Fund Value including Top-up Fund Value, if any.
2) Premium Discontinuance:
This section is applicable only for Limited Pay / Regular Pay policies
Date of Discontinuance of the policy is the date on which the Company receives intimation from the Policyholder about
discontinuance of the policy or surrender of the policy, or on the expiry of the grace period, whichever is earlier.
i. Premium discontinuance during the first five policy years:
In case of discontinuance of policy due to non-payment of premiums during the first five policy years, upon the expiry of
grace period, the Fund Value including Top-up Fund Value, if any, shall be credited to the DP Fund after deduction of
applicable discontinuance charges and the risk cover and rider cover, if any, shall cease. It will continue to remain in the DP
fund till the policy is revived by paying due premiums.
We will communicate the status of the policy to you within three months of first unpaid premium providing you the option to
revive the policy within the revival period. The revival period is three years from date of first unpaid premium.
I. If you opt to revive but do not revive the policy during the revival period, the monies will remain in the DP fund till the end
of the revival period or the lock in period, whichever is later, after which the monies will be paid out and thereafter the
policy shall terminate and all rights, benefits and interests will stand extinguished.
ii. If you do not exercise the option to revive the policy, the monies will remain in the DP fund and will be paid out at the end
of lock-in period and thereafter the policy shall terminate and all rights, benefits and interests will stand extinguished.
iii. However, you have an option to surrender the policy anytime and monies in the DP fund will be paid out at the end of
lock-in period or date of surrender whichever is later.

ii. Premium discontinuance after the first five policy years:

In case of discontinuance of policy due to non-payment of premium after the first five policy years, upon expiry of the grace
period, the policy will be converted into a reduced paid-up policy with paid-up sum assured. The rider cover, if any, shall cease.
Reduced paid-up Sum Assured = Original Sum Assured X (Total number of premiums paid till the date of discontinuance/
Original number of premiums payable).
All charges as per terms and conditions of the policy shall be deducted during the revival period. However, the mortality
charges shall be deducted based on the reduced paid up sum assured.
 We will communicate the status of the policy to you within three months of first unpaid premium providing you the
following options to exercise:
1. Revive the policy within the revival period of three years
2. Complete withdrawal of the policy
If you choose option 1 and do not revive the policy during the revival period, the Fund Value, including the Top-up Fund
Value, if any, will be paid to you at the end of the revival period or maturity, whichever is earlier, and the policy shall
terminate and all rights, benefits and interests will stand extinguished.
If you choose option 2, the policy will be surrendered and the Fund Value, including the Top-up Fund Value, if any, will
be paid to you. On payment of surrender value, the policy shall terminate and all rights, benefits and interests will stand
extinguished.
If you do not choose any of these options, the policy shall continue to be in reduced paid up status. At the end of the
revival period or maturity, whichever is earlier, the Fund Value, including the Top-up Fund Value, if any, shall be paid to
you and the policy shall terminate and all rights, benefits and interests will stand extinguished.
You will have an option to surrender the policy anytime. On surrender, the Fund Value, including the Top-up Fund
Value, if any, shall be paid to you and the policy shall terminate and all rights, benefits and interests will stand
extinguished.

Treatment of the policy while monies are in the DP Fund

While monies are in the DP Fund:
• A Fund Management Charge of 0.50% p.a. of the DP Fund will be made. No other charges will apply.
• From the date monies enter the DP Fund till the date they leave the DP Fund, a minimum guaranteed interest rate declared
by IRDAI from time to time will apply. The current minimum guaranteed interest rate applicable to the DP Fund is 4% p.a.
• A revival period of three years from the first unpaid premium applies.
• Grace Period: The grace period for payment of premium is 15 days for monthly mode of premium payment and
30 days for other modes of premium payment commencing from the premium due date. The life cover continues during
grace period. In case of Death of Life Assured during the grace period, We will pay the applicable Death Benefit.

3) Policy revival
Revival will be based on the prevailing Board approved underwriting guidelines.
In case of revival of a discontinued - policy during the lock-in period we shall:
1. Collect from you, all due and unpaid premiums without charging any interest or fee,
2. Levy policy administration charge and premium allocation charges as applicable during the discontinuance period. No
other charges shall be levied,
3. Shall add back to the fund, the discontinuance charges deducted, if any, at the time of discontinuance of the policy

In case of revival of a discontinued policy after lock-in period, We shall:

1. Collect from you, all due and unpaid premiums under base plan without charging any interest or fee. You will also have an
option to revive the rider.
2. Levy premium allocation charges as applicable during the discontinuance period.
3. No other charges shall be levied.
 For the purpose of revival the following conditions are applicable:
a. You, at his or her own expense, furnishes satisfactory evidence of health of the Life Assured, as required by the Company;
b. Revival will be based on the prevailing Board approved underwriting policy.
c. Revival of the policy may be on terms different from those applicable to the policy before the premiums were discontinued;
Monies will be invested in the segregated fund(s) chosen by you at the NAV as on the date of such revival. On revival, the policy will
continue with benefits and charges, as per the terms and conditions of the policy. Mortality charges shall be deducted as per Section 8.5.

Revival will take effect only on it being specifically communicated by us to you. Any change in revival conditions will be subject
to approval from IRDA of India.

How will ICICI Pru Smart Life help you achieve your financial goals?

Let’s understand how ICICI Pru Smart Life can help you becoming a Smart Parent

Raj is working as a manager in an MNC and is the sole earning member of the family. He is a proud father and wants to provide the
best education to his 1 year old daughter, Rita. He wants to accumulate ` 15 Lakh in the next 20 years for Rita’s higher education.

Being a Smart Parent he saves in ICICI Pru Smart Life. By regularly saving in this policy, he will be able to accumulate an
education corpus for Rita by the time she turns 21.

Unfortunately, a few months later a road accident claims Raj’s life. On Raj’s death, the company pays a lump sum amount which
takes care of his family’s immediate needs. The Company also pays all 19 future premium instalments towards his policy. At the
end of the policy term, Rita gets the fund she needs for her higher education. Even in Raj’s absence, his dream for his daughter
becomes a reality!

Let’s understand how ICICI Pru Smart Life can help you becoming a Smart Spouse

Kishor, 45, is working as a lecturer in a business school. He has a wife and 5 year old son. Kishor wants to set aside some money
from his salary every month, so that he can build up an adequate corpus for his post-retirement years. He purchases an ICICI Pru
Smart Life policy with a 15 year term so that he receives a lump-sum at the time of retiring at age 60.

Unfortunately, Kishor dies from a heart attack a few years later. His ICICI Pru Smart Life policy provides his wife with a lump sum
death benefit which helps her take care of the family’s immediate needs. In Kishor’s absence, the company pays all the future
premiums. At the end of 15 years, his wife receives the retirement corpus, just as Kishor had planned.

Let’s understand how ICICI Pru Smart Life can help you becoming a Smart Daughter / Smart Son

Sarita is working as a senior manager in a private bank. She takes care of her dependent parents. Being aware of the
uncertainties of life she wants to plan for their well-being. She buys ICICI Pru Smart Life to create a fund for her parents and to
ensure that they can be financially independent.
Unfortunately, 5 years later Sarita dies from an accident. Although her absence will always be felt, with ICICI Pru Smart Life her
parents’ financial independence is secured. Her parents receive a lump sum death benefit which takes care of the day to day needs.
In addition, the company pays the future premiums and they also receive the maturity benefit at the end of the policy term.

Illustration

Premium payment option: Regular Premium payment mode: Annual

Amount of instalment premium: ` 50,000 Sum Assured: ` 5,00,000
Age at entry: 35 years Policy term: 15 years
Total Premiums Paid: ` 7,50,000 Non-guaranteed
Assumed investment returns 4% p.a. 8 % p.a.
Fund Value at Maturity including
` 8,53,629 ` 11,93,782
Loyalty Additions and Wealth Boosters

The above illustration for a healthy male life with 100% of his investments in Maximiser V. The above is an illustrative maturity value, net of all charges, Goods &
Services Tax and Cess (if any) will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. Since your policy offers
variable returns, the given illustration shows two 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.

Benefits of staying for the long term

Lower reduction in yield

The longer you stay in your ICICI Pru Smart Life policy the better can be the expected returns. The table below shows the Reduction
in Yield (RIY) at 8% investment return for the example mentioned above. The lower the RIY, the better it is for you.

At the RIY RIY in ICICI Pru Smart Life -

end of stipulated Regular Pay, at assumed
Year by IRDAI# investment return of 8% p.a.
5 4.00% 3.95%
10 3.00% 1.69%
15 2.25% 1.11%
20 2.25% 0.85%

The RIY has been calculated after applying all the charges (except goods and services tax, cesses, if any, and mortality charges) and annual premium
of ` 50,000 p.a.
#RIY stipulated is as per IRDAI (Unit Linked Insurance Products) Regulation, 2019.
Charges under the Policy
Premium Allocation Charge

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.
• Limited/Regular Pay:

Premium payment mode/ Annual Premium (`) Year 1 Year 2 Year 3 Year 4 to 5 Year 6 onwards
Annual 6% 5% 4% 4% 2%
Half-yearly / Monthly 4% 4% 3.5% 3% 2%

A discount of 1% in the premium allocation charge in Year 1 is given to customers who buy directly from the
Company’s website.
All Top-up premiums are subject to an allocation charge of 2%.

Fund Management Charge (FMC)

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.
Fund FMC p.a. Fund FMC p.a.

Maximiser V 1.35% Secure Opportunities Fund 1.35%

Opportunities Fund 1.35% Income Fund 1.35%
Multi Cap Growth Fund 1.35% Money Market Fund 0.75%
Bluechip Fund 1.35% Balanced Advantage Fund 1.35%
Active Asset Allocation Balanced Fund 1.35% Sustainable Equity Fund 1.35%
Maximise India Fund 1.35% Mid Cap Fund 1.35%
Value Enhancer Fund 1.35% Mid Cap Hybrid Growth Fund 1.35%
India Growth Fund 1.35% Discontinued Policy Fund 0.50%
Focus 50 Fund 1.35%
Multi Cap Balanced Fund 1.35%

Policy Administration Charge

The policy administration charge will be levied every month by redemption of units, subject to a maximum of ` 500 per month (`
6,000 p.a.). The policy administration charge will be as set out below:

One Pay: ` 60 p.m. (` 720 p.a.) for the first five policy years

Limited/Regular Pay: 0.21% p.m. (2.52% p.a.) of Annual Premium, for the entire policy term
 Mortality Charges
Mortality charge will be calculated based on the Sum at Risk described below
Sum At Risk = Lump Sum Benefit + Factor A* Annual Premium
Outstanding PPT Factor A for annual Outstanding PPT Factor A for annual
(years) premium payment mode (years) premium payment mode
1 0 14 10.19
2 0.99 15 10.78
3 1.93 16 11.34
4 2.84 17 11.89
5 3.71 18 12.41
6 4.54 19 12.92
7 5.35 20 13.4
8 6.13 21 13.86
9 6.87 22 14.31
10 7.59 23 14.74
11 8.28 24 15.16
12 8.94 25 15.55
13 9.58 - -

For non-annual premium payment mode Factor A, as given above, is increased by adding 0.5 to the applicable annual factor
Indicative annual charges per thousand life cover for a healthy male and female life at a Sum Assured of ` 10 lakh are as shown below:

Age (yrs) 30 40 50 60
Male (`) 1.80 3.12 6.93 17.45
Female (`) 1.73 2.78 6.11 13.35

Mortality charges will be deducted on a monthly basis by redemption of units.

The Smart Benefit charges and mortality charges will not be deducted after the commencement of Smart benefit.

Discontinuance Charges For One Pay policies:

Where the policy is Discontinuance Charges

discontinued in the policy year Single premium ≤ `3,00,000 Single premium > `3,00,000
Lower of 2% of (SP or FV), Lower of 1% of (SP or FV),
1 subject to a maximum of `3,000 subject to a maximum of `6,000

2 Lower of 1,5% of (SP or FV), Lower of 0.70% of (SP or FV),

subject to a maximum of `2,000 subject to a maximum of `5,000

3 Lower of 1% of (SP or FV), Lower of 0.50% of (SP or FV),

subject to a maximum of `1,500 subject to a maximum of `4,000
4 Lower of 0.50% of (SP or FV), Lower of 0.35% of (SP or FV),
subject to a maximum of `1,000 subject to a maximum of `2,000
5 and onwards NIL NIL
Limited/Regular Pay policies:

Where the policy is Discontinuance Charges

discontinued in the policy year Annual premium ≤ `50,000 Annual premium > `50,000
Lower of 20% of (AP or FV), Lower of 6% of (AP or FV),
1 subject to a maximum of `3,000 subject to a maximum of `6,000

2 Lower of 15% of (AP or FV), Lower of 4% of (AP or FV),

subject to a maximum of `2,000 subject to a maximum of `5,000

3 Lower of 10% of (AP or FV), Lower of 3% of (AP or FV),

subject to a maximum of `1,500 subject to a maximum of `4,000
4 Lower of 5% of (AP or FV), Lower of 2% of (AP or FV),
subject to a maximum of `1,000 subject to a maximum of `2,000
5 and onwards NIL NIL

AP: Annualised premium; SP: Single Premium

FV: Fund Value excluding Top-up Fund Value, if any, on the Date of Discontinuance
No Discontinuance change is applicable for To-up premiums.

Terms and Conditions

1. Freelook period If you are not satisfied with the terms and conditions 2. Tax benefits under the policy may be available as per prevailing Tax
of this policy, please return the Policy Document to the Company with laws. Tax benefits under the policy are subject to conditions under
reasons for cancellation within provisions of the Income Tax Act, 1961. Goods and Services Tax and
• 15 days from the date you received it, if your policy is not purchased Cesses, if any, will be charged extra as per prevailing rates. Tax laws
through Distance marketing* are subject to amendments made thereto from time to time. Please
• 30 days from the date you received it, if your policy is an electronic consult your tax advisor for more details.
policy or is purchased through Distance Marketing*
3. Increase or decrease in premium is not allowed.
On cancellation of the policy during the free look period, you shall be
entitled to an amount which shall be equal to non-allocated premium 4. The Company will not provide loans under this policy.
plus charges levied by cancellation of units plus Fund Value at the
date of cancellation less proportionate risk premium for the period of 5. Suicide Clause: If the Life Assured, whether sane or insane, commits
cover, stamp duty expenses paid under the policy and expenses borne suicide within 12 months from the date of commencement of the
by the Company on medical examination, if any in accordance with policy or from the date of policy revival, only the Fund Value, including
the IRDAI (Protection Of Policyholders’ Interests) Regulations 2017. Top- up Fund Value, if any, as available on the date of intimation of
death, would be payable to the Claimant. Any charges other than
Thereafter this policy shall terminate and all rights, benefits and Fund Management Charges and guarantee charges, if any,
interests under this policy shall be extinguished. recovered subsequent to the date of death shall be added back to the
fund value as available on the date of intimation of death.
*Distance marketing includes every activity of solicitation (including
lead generation) and sale of insurance products through the following 6. Foreclosure of the policy: A policy will foreclose if the Fund Value
modes: (i) Voice mode, which includes telephone-calling (ii) Short becomes nil, except if any of the following conditions are true.
Messaging service (SMS) (iii) Electronic mode which includes e-mail,
internet and interactive television (DTH) (iv) Physical mode which a. Five policy years have not elapsed since the inception of
includes direct postal mail and newspaper & magazine inserts and (v) the contract.
Solicitation through any means of communication other than in person.
 b. If all due premiums have been paid and no premiums are due as 13. Nomination Requirements: Nomination in the Policy will be
on the date of foreclosure. governed by Section 39 of the Insurance Act, 1938, as amended from
time to time. For more details on this section, please refer to our
Once the policy forecloses, it will terminate and all rights, benefits and website.
interests under the policy shall be extinguished.
14. Assignment requirements: Assignment in the policy will be governed
7. Unit Pricing: The NAV for different Segregated Funds shall be by Section 38 of the Insurance Act, 1938, as amended from time to
declared on a daily basis except on days on which the Banks or time. For more details on this section, please refer to our website.
Exchange are closed or on account of political or economic ‘Force
Majeure’ conditions or if permitted by IRDAI. 15. Section 41: In accordance to the Section 41 of the Insurance Act,
1938, as amended from time to time, no person shall allow or offer to
The NAV of each Segregated Fund shall be computed as set out allow, either directly or indirectly, as an inducement to any person to
below or by any other method as may be prescribed by regulation: take or renew or continue an insurance in respect of any kind of risk
relating to lives or property in India, any rebate of the whole or part of
[Market Value of investment held by the fund plus Value of the commission payable or any rebate of the premium shown on the
Current Assets less Value of Current Liabilities and provisions] policy, nor shall any person taking out or renewing or continuing a
policy accept any rebate, except such rebate as may be allowed in
Divided by,
accordance with the published prospectuses or tables of the insurer.
Number of units existing under the Fund at valuation date,
before any new units are created or redeemed Any person making default in complying with the provisions of this
section shall be punishable with fine which may extend to ten lakh
rupees.

8. Assets are valued daily on a mark to market basis.

16. Section 45: 1) No policy of life insurance shall be called in question on
any ground whatsoever after the expiry of three years from the date
9. If premiums for the second year onwards are received by outstation
of the policy, i.e., from the date of issuance of the policy or the date of
cheques, the NAV of the clearance date or due date, whichever is
commencement of risk or the date of revival of the policy or the date
later, will be allocated.
of the rider to the policy, whichever is later. 2) A policy of life insurance
may be called in question at any time within three years from the date
10. Transaction requests (including renewal premiums by way of local
of issuance of the policy or the date of commencement of risk or the
cheques, demand draft, switches, etc.) received before the cut-off
date of revival of the policy or the date of the rider to the policy,
time will be allocated the same day's NAV and those received after
whichever is later, on the ground of fraud: Provided that the insurer
the cut-off time will be allocated the next day's NAV. The cut-off time
shall have to communicate in writing to the insured or the legal
will be as per IRDAI guidelines from time to time, which is currently
representatives or nominees or assignees of the insured the grounds
3:00 p.m. For all new business applications received on the last day of
and materials on which such decision is based. 3) Notwithstanding
the financial year, the NAV of that day would be applicable,
anything contained in sub-section (2), no insurer shall repudiate a life
irrespective of the cut-off time.
insurance policy on the ground of fraud if the insured can prove that
the mis-statement of or suppression of a material fact was true to the
If an NAV is not declared transactions will not be deferred till
best of his knowledge and belief or that there was no deliberate
the NAV is declared.
intention to suppress the fact or that such mis-statement of or
suppression of a material fact are within the knowledge of the
11. All renewal premiums received in advance will be allocated units at
insurer: Provided that in case of fraud, the onus of disproving lies
the NAV prevailing on the date on which such premiums become due.
upon the beneficiaries, in case the policyholder is not alive. 4) A policy
However, the status of the premium received in advance shall be
of life insurance may be called in question at any time within three
communicated to the Policyholder.
years from the date of issuance of the policy or the date of
commencement of risk or the date of revival of the policy or the date
12. The product is available for sale through online mode.
of the rider to the policy, whichever is later, on the ground that any
 statement of or suppression of a fact material to the expectancy of valuation of the assets of the fund are closed otherwise than for
the life of the insured was incorrectly made in the proposal or other ordinary holidays.
document on the basis of which the policy was issued or revived or ii. when, as a result of political, economic, monetary or any
rider issued: Provided that the insurer shall have to communicate in circumstances which are not in the control of the Company, the
writing to the insured or the legal representatives or nominees or disposal of the assets of the fund would be detrimental to the
assignees of the insured the grounds and materials on which such interests of the continuing Policyholders.
decision to repudiate the policy of life insurance is based: Provided iii.in the event of natural calamities, strikes, war, civil unrest, riots and
further that in case of repudiation of the policy on the ground of bandhs.
misstatement or suppression of a material fact, and not on the iv.in the event of any force majeure or disaster that affects the normal
ground of fraud, the premiums collected on the policy till the date of functioning of the Company.
repudiation shall be paid to the insured or the legal representatives or
nominees or assignees of the insured within a period of ninety days e.In such an event, an intimation of such force majeure event shall be
from the date of such repudiation. 5) Nothing in this section shall uploaded on the Company's website for information.
prevent the insurer from calling for proof of age at any time if he is
entitled to do so, and no policy shall be deemed to be called in 19. If the policy has been taken on the life of a major and the Policyholder
question merely because the terms of the policy are adjusted on is different from the Life Assured, then upon death of the Policyholder
subsequent proof that the age of the Life Insured was incorrectly and subsequent intimation of the death with the Company, the policy
stated in the proposal. shall vest on the Life Assured. Thereafter, the Life Assured shall
become the Policyholder and will be entitled to all benefits and
17. For further details, refer to the Policy Document and detailed benefit subject to all liabilities as per the terms and conditions of the policy.
illustration.
20. The Company does not express itself upon the validity or accepts any
18. Force Majeure: responsibility on the assignment or nomination in recording the
a.The Company shall value the Funds (SFIN) on each day for which assignment or registering the nomination or change in nomination.
the financial markets are open. However, the Company may value
the SFIN less frequently in extreme circumstances external to the
Company i.e. in force majeure events, where the value of the assets is
too uncertain. In such circumstances, the Company may defer the
valuation of assets for up to 30 days until the Company is certain that
the valuation of SFIN can be resumed.

b.The Company shall inform IRDAI of such deferment in the valuation

of assets. During the continuance of the force majeure events, all
request for servicing the policy including policy related payment shall
be kept in abeyance.

c.The Company shall continue to invest as per the fund mandates

submitted with IRDAI. However, the Company shall reserve its right
to change the exposure of all or any part of the Fund to Money Market
Instruments [as defined under Regulations 2(j) of IRDAI (Investment)
Regulations, 2016] in circumstances mentioned under points (a and
b) above. The exposure of the fund as per the fund mandates
submitted with the IRDAI shall be reinstated within reasonable
timelines once the force majeure situation ends.

d. Few examples of circumstances as mentioned [in point 3 (a & b)

above] are:
i. when one or more stock exchanges which provide a basis for
Revision of Charges

The Company reserves the right to revise the following charges at any time during the term of the policy. Any revision will apply with
prospective effect, subject to prior approval from IRDAI and if so permitted by the then prevailing rules, after giving a written notice to
the Policyholders. The following limits are applicable:
Fund Management Charge may be increased up to the maximum allowable limit as per regulations, which is 1.35% p.a.
Policy Administration Charge may be increased to a maximum of 5% p.a., subject to the maximum permitted by IRDAI,
which is ` 6000 p.a.
Switching charge may be increased to a maximum of ` 200 per switch.
Any Policyholder who does not agree with an increase, shall be allowed to cancel the units in the policy at the then prevailing Net
Asset Value and terminate the policy.
The Premium Allocation Charges, Discontinuance Charges and Mortality Charges and Benefit Charges are guaranteed for the term
of the policy.

Risks of investment in the Units of the Funds

The life assured should be aware that the investment in the units is subject to the following risks:

ICICI Pru Smart Life is a Unit-Linked Insurance Policy (ULIP) and is different from traditional products. Investments in ULIPs are
subject to investment risks.
ICICI Prudential Life Insurance Company Limited, ICICI Pru Smart Life, Opportunities Fund, Multi Cap Growth Fund, Bluechip
Fund, Maximiser V Fund, Value Enhancer Fund, India Growth Fund, Focus 50 Fund, Multi Cap Balanced Fund, Active Asset
Allocation Balanced Fund, Secure Opportunities Fund, Income Fund, Maximise India Fund, Money Market Fund, Balanced
Advantage Fund, Sustainable Equity Fund, Mid Cap Fund and Mid Cap Hybrid Growth Fund are only names of the Company,
policy and funds respectively and do not in any way indicate the quality of the policy, the funds or their future prospects or
returns.
The investments in the funds are subject to market and other risks and there can be no assurance that the objectives of the funds
will be achieved.
The premiums paid in unit linked insurance policies are subject to investment risks associated with capital markets and debt
markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital
market and the insured is responsible for his/her decisions.
The past performance of other funds of the Company is not necessarily indicative of the future performance of
these funds.
The funds, except the DP Fund, do not offer a guaranteed or assured return.
For further details, refer to the Policy Document and detailed benefit illustration.
 About ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank Limited and Prudential
Corporation Holdings Limited, a part of the Prudential group. ICICI Prudential began its operations in Fiscal 2001 after
receiving approval from Insurance Regulatory Development Authority of India (IRDAI) in November 2000.
ICICI Prudential Life Insurance has maintained its focus on offering a wide range of savings and protection products that
meet the different life stage requirements of customers.

For more information:

Customers calling from any where in India, please dial 1860 266 7766
Do not prefix this number with “+” or “91” or “00” (local charges apply)

Call Centre Timings: 10.00 am to 7.00 pm

Monday to Saturday, except National Holidays.
To know more, please visit www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited. IRDAI Regn. No. 105. CIN: L66010MH2000PLC127837.
ICICI Prudential Life Insurance Company Limited. Registered Office: ICICI Prudential Life Insurance Company Limited, ICICI PruLife Towers, 1089,
Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. This product brochure is indicative of the terms, conditions, warranties and
exceptions contained in the insurance policy. For further details, please refer to the policy document. In the event of conflict, if any, between the
terms and conditions contained in the brochure and those contained in the policy document, the terms and conditions contained in the policy
document shall prevail. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values
and the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality
or future guidance on returns. Funds do not offer guaranteed or assured returns. Trade Logo displayed above belongs to ICICI Bank Limited &
Prudential IP Services Limited and used by ICICI Prudential Life Insurance Company Limited under license. ICICI Pru Smart Life: Form No. UA8,
UA9. UIN: 105L145V07. Advt. No.: L/II/1967/2022-23.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a police complaint.