This plan is intended to fulfill educational and start-in life needs of the child. Benefits of Plan are payable on maturity date with minimum of 5 years term and maximum of 20 years. Plan assures continuity without interruption in absence of financial support proposer, in case of his or her untimely death upon which no further premium payments is necessary and income is also provided at rate of 1% of Sum Insured per month for remainder of policy period

Terms and Conditions:
Minimum Age (Child/Insured): 1 Month
Maximum Age (Child/Insured): 15 years
Policy Term (Minimum): 5 years
Policy Term (Maximum): 20 years
Minimum Sum Insured: 1 Lakh
Maximum Sum Insured: As per Income Source to Maximum of Rs. 50 Lakhs
Proposer: Father or Mother or Legal Guardian
Entry Age for Proposer: 20 to 50 years
Maximum Age of Proposer at Maturity: 70 years
Age Calculation: Age Last Birthday
Paymode: Yearly, Half Yearly, Quarterly, Monthly
Medical Test: As per company rules
Paymode (Rebate/Extra)
Monthly: 6% Additional
Quarterly: 4% Additional
Half Yearly: 3% Additional
 
Discount based on Sum Insured
Upto 5 lakhs: 0%
500001 to 100000: Rs. 1 per Thousand
10,00,001 to 25,00,000: Rs. 1.25 per Thousand
25,00,001 and above: Rs. 1.5 per Thousand
 
 
WOP:  Waiver of Premium benefit can be availed by adding Rs. 2 per thousand
The child and the proposer are to be insured, but there is a single Sum Assured
Commencement of Risk:
Child Risk under this plan will commence either two years after the date of commencement of the policy or from the policy anniversary falling immediately after the completion of five years of age, whichever is    later. The proposer's risk cover immediately starts at the policy commencement.
Maturity Benefit:
On maturity if the child is alive, sum insured and accrued Bonus is paid.
Death of Proposer:
On proposer's death, nothing is payable, but the policy continues, however no further premium is payable till the child policy’s maturity or death. Further 1% of the sum insured per month is payable till the maturity of the policy or child’s death for the child's needs.
Death of Child:
On child's death, after commencement of risk only 25% of Sum Assured plus the accrued bonus or actual premium paid ((except rider premium and extra rated premium) whichever is higher is paid. However, if death happens before commencement of risk, premium (except rider premium and extra rated premium) paid is refunded.

Simultaneous Death:
 

• If there is a simultaneous death of both the proposer and child, 125% of sum insured plus accrued Bonus is paid to the nominee.
• Policy stands terminated on child's death.
• If the proposer survives till maturity of the policy nothing is payable to the proposer.