Details Status Product Category by NIA  Child Plan NIA Product Code   NIA Approved Date   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.

Details Status Product Category by NIA  Money Back Plan NIA Product Code  NIA/LI002/2060/061/MBP/0005 NIA Approved Date  4/7/2060 It is anticipated endowment with profit plan, specifically designed to take care of the educational needs of children for a specific term of 15 years. As an anticipated plan, benefits under the plan are payable at specified installment irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy. Premium is waived in case of death of the Assured.   Policy Requirements ·         Minimum Entry Age                     : 17 Years ·         Maximum Entry Age                    : 50 Years ·         Maximum Maturity Age               : 65 Years ·         Term Period                                     : 15 Years ·         Minimum Sum Assured                : Rs. 25,000/- ·         Maximum Sum Assured               : As per income source ·         Premium Payment Frequency     : Yearly, Half Yearly, Quarterly and Monthly ·         Nominee (child) age                      :Till age 16 yrs ·         Age computation                          : Age next birthday ·         Rs. 1 rebate is provided Policy Benefits: Survival Benefits: 25% of Sum Assured after completion of first 5 years 25% of Sum Assured after completion of second 5 years 50% of Sum Assured plus bonus on maturity Death Benefits: Premium payment shall be waived till maturity Regular anticipated installment shall be paid even after the death of assured 50% of Sum Assured plus Entire bonus earned shall be paid to the nominee (child) on maturity    Rider Benefits: Accidental Death Benefit (ADB) up to Rs. 2,500,000.00 in additional Rs. 1.00 per thousand. Waiver of Premium (WOP) benefit shall be taken in additional Rs. 2.00 per thousand. Other benefits: Paid up and surrender claim shall be provided Loan Facility provided. Tax exemption as per ITA,2058