This policy is Endowment Assurance with profit plan designed to provide education and other expenses of the child in case of death of the proposer.
Policy Requirements
|
: 1 Year to 15 Years | |
|
: 20 to 50 Years | |
|
: 6 Years | |
|
: 20 Years | |
|
: Rs. 50,000/- | |
|
: Rs. 5,000,000/- | |
|
: Yearly, Half Yearly, Quarterly, Monthly | |
|
: Mother, Father or Legal Guardian | |
|
: Age Next birthday |
Risk Commencement
Proposer's risk will be covered from the commencement of policy. Assured risk will be covered at the age of six and two years payment has been made from the commencement of policy.
On the survival of Assured (Child)
Sum Assured plus bonus on maturity
On the death of Assured (Child)
Death before commencement of risk, paid premium with 3% annual interest shall be paid
Death After commencement of risk, Sum Assured Plus Accured Bonus shall be paid.
Condition applied on Proposer
On the death of the proposer, sum assured will be payable as follows:
Accidental death benefit(ADB) is not applicable
Other benefits: