The premium amount for a child savings plan depends on the insured person’s age, health condition and the amount of life cover chosen. With ICICI Pru Smart Kid plan, while there is no upper limit on the premium amount, the minimum* premium amount will be as follows: • If the age at entry is 20-49 years, the minimum premium amount per year would be ₹ 45,000 • If the age at entry is 50-52 years, the minimum premium amount per year would be ₹ 1,20,000 • If the age at entry is 53-54 years, the minimum premium amount per year would be ₹ 5,00,000 This plan offers 3 premium payment options - One Pay option (payment of premium once), Limited Pay option (payment of premium for limited years) and the Regular Pay option (regular payment of premiums throughout the policy term). In case of the regular pay and limited pay options, the premium can be paid in monthly, half-yearly or yearly instalments as per convenience.