Ideal for planning your child's career goals
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