TO TAKE CARE OF CHILD’S EDUCATION NEEDS
- A non-linked with profits, limited payment children’s policy
- Available for age groups from 90 days to 12 years
- Specially designed to meet the educational needs of the growing children
- Flexible options for maturity Benefits – either in instalments or in one lump-sum
- Policy term depends on the age at entry of the child
- Limited Premium paying term 5 years less than policy term
- Premium Waiver benefits is available
- Risk Cover 125% of the Basic Sum Assured:
1) Age at entry less than 8 years : Risk will commence 2 years from the date of commencement or attaining 8 years of age whichever is earlier.
2) Age at entry 8 years & above : Risk will commence immediately.
* Premium paid under this plan is eligible for TAX rebate under section 80c.
* Maturity under this plan is free under sec 10(10D).
Best for planning children education and marriage.