NEW CHILDREN’S MONEY BACK

PLAN NUMBER.: 832

  • Ideal for planning your child's financial goals.
  • Moderate premiums.
  • 3.Multiple premium payment frequency to choose from.
  • Life Cover to the extent of Sum Assured + Bonus + Final Additional Bonus (As applicable).
  • 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.
  • Survival benefit: An amount equal 20% of SA will be paid on each policy anniversary on completion of 18, 20 & 22 years of age.
  • Maturity benefit: 40% of SA+ Bonus + Final Additional Bonus (as applicable) will be paid on completion of term.
  • Loan is Available any time after 2 policy years.
  • 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.
  • All returns from the policy are TAX FREE u/s 10 (10) (D)
  • Free lookup period for 15 days.

JEEVAN TARUN

Plan Number.: 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.