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Plan No. 874
Ideal for planning your child’s financial goals.
Guaranteed Addition @ 80 per 1000 Sum Assured throughout the policy term.
Option to choose Single OR Limited premium payments.
Option to choose a policy term and premium paying term as per the needs.
Maturity age range available between 18 to 25 years
Premium Discount is available for higher Sum Assured (SA).
Option to choose Life Insurance coverage for your child as per the needs.
Premium Waiver Rider option, will ensure the planned returns will be payable to the child irrespective of your presence.
For life assured below 8 years age - life cover will start, on completion of 2 policy years OR 8 years of age - whichever is early.
Maturity benefit: Basic Sum Assured + Accrued Guaranteed Additions
Loan is available any time after 2 policy years for limited payment and after completion of 3 months for single mode.
Policy can be back dated within the same financial year to match an important event of your child.
Premium Paid is TAX EXEMPTED u/s 80 C.
Option to take maturity OR Death Benefit in lump sum or in 5, 10 or 15 installments.
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