Plan No. 834
- Ideal for planning your child''s career goals
- Moderate premiums
- Multiple premium payment frequency to choose from
- Premium Discount available for higher Sum Assured (SA).
- Premium Waiver option – to ensure that the planned benefits will be paid to the child – with or without you
- Life Cover to the extent of 125% of Sum Assured + Bonus + Final Additional Bonus (as applicable)
- Survival Benefit: Option to take 5%, 10% or 15% of sum assured as survival benefit every year from 20 to 24 years of child''s age
- Maturity Benefit: Sum Assured (or Balance SA, if SB is chosen) + Bonus + Final Additional Bonus as applicable, will be paid on completion of 25 years of age
- Loan is available any time after 2 policy years (after 1 years incase Premium paying term is less than 10 years)
- Policy can be back dated.
- Premium Paid is TAX EXEMPTED u/s 80 C
- All returns from the policy are TAX FREE u/s 10 (10) (D)
- Free lookup period for 15 days
| Eligibility Criteria | ||
|---|---|---|
| Min. | Max. | |
| Age | 90 days | 12 years |
| Term | 13 years | 25 years |
| PPT | 8 years | 20 years |
| Sum | 75000 | No Limit |
| Premium Modes | Yearly, Half Yearly, Quarterly & Monthly (SSS or ECS only) | |
| Yearly Premium for 10 lac Sum Assured | ||||
|---|---|---|---|---|
| Age | Option 1 | Option 2 | Option 3 | Option 4 |
| 0 | 40904 | 41884 | 42864 | 43844 |
| 3 | 48499 | 49822 | 51194 | 52517 |
| 6 | 59377 | 61190 | 63052 | 64914 |
| 9 | 78536 | 81182 | 83779 | 86425 |
| Taxes will be extra as applicable. | ||||
| PWB premium optional according to Proposer''s Age. | ||||
