Yes, partial withdrawals+ can be made from the plan depending on the options chosen while buying the plan. For instance, the ICICI Pru Signature Plan and the ICICI Pru Smart Life Plan give easy access to money in case of an unforeseen financial circumstance during the policy term. Up to 20% of the fund value, in a policy year, can be withdrawn any time after the completion of five policy years. These partial withdrawals+ can be made free of cost with no penalty. They also do not impact the Sum Assured amount. Hence, even if a partial withdrawal has been made previously, the child stays financially protected in case of an unfortunate event and receives the entire Sum Assured promised a the time of purchase.