This is a Money back policy with regular premium payment, Non-linked, Conventional, with-profits plan.
Get attractive payouts at important stages of your child’s education, because children grow up very fast!
Eligibility Conditions & Restrictions | ||
---|---|---|
Minimum age | : | 90 Days (Completed) |
Maximum age | : | 12 years |
Policy Term | : | 25 minus (-) Age at entry |
Premium paying term | : | 20 minus (-) Age at entry |
Minimum Sum Assured | : | Rs.75,000 |
Maximum Sum Assured | : | No limit |
Premium payment mode | : | Yearly / Half yearly / Quarterly / Monthly (Thru Bank) |
Loan | : | Eligible after 3 years |
Surrender | : | Eligible after 3 years |
On Maturity | : | OPTION 1 - 100% of Sum assured + Bonus at child age 25 years OPTION 2 - 75% of Sum assured + Bonus at child age 25 years OPTION 3 - 50% of Sum assured + Bonus at child age 25 years OPTION 4 - 15% of Sum assured + Bonus at child age 25 years |
Premium waiver benefit | : | Available from age 18 years to 55 years of proposer |
Income Tax Benefits | : | (i) Premiums paid are eligible for Tax rebate u/s 80c (ii) Maturity amount / Death claim is non-taxable u/s 10(10d) |
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