Plan Highlights
Features
1) Best gift to the child from parents.
2) Protect financial need for future.
3) Recommended for the parents having child in-between 90 days to 12 years.
4) 5 installment of Money back will be paid in-between 20 to 24 years of age of child.
5) An option to choose Money-back amount out of given option.
6) Maturity will be paid at 25 years of age of child.
7) Regular Premium Payment Plan.
8) Premium waver benefit available.
9) Income tax savings on PAID PREMIUMS
10) With Profit plan with Reversionary Bonus and FAB
11) Customize Tax Free maturity.
12) Liquidity is available after 3 full years premium payment.
Benefits:
Survival:
An amount as survival benefit will be paid in each policy anniversary in between 20-24 years of age of child as per the S.B. option opted.
Maturity:
Balance Sum Assured (As per the option selected for SB) plus Vested bonus and F.A.B. (if any)
Death:
Of Proposer:
If PWB Rider is opted: All premiums which fall due in future after the date of death will be waived off.
Of Child:
Before Commencement of Risk: Sum of total basic premium paid will be paid back. (Total premium paid Rider, Extra Premium & taxes).
After Commencement of Risk: Death Sum Assured with Vested bonus & Final Addition Bonus (As applicable) (Sum assured on death will be higher of 125% Basic Sum Assured, 7 of Annualized Premium and 105% of Total Premium Paid as on death) Risk will commence at age of 8 years or 2 year from the commencement of Policy which is
earlier.
Eligibility Conditions
Suitable to: Wide range of Ages from 90 days completed to 12 years at last birthday.
PWB Rider: Proposer’s age should be between 18 years (Completed) to 55 Years (Nearer
Birthday).