Children Money Back Plan
Ideal for planning your child's financial goals.
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.