(High Sum Assured Rebate is applicable if you go for higher amount of coverage)
Policy Term
24 minus age of child at entry
Premium Payment Term
18 minus age of child at entry, or Fixed 10 years
Premium Payment Modes
Yearly
Half yearly
Quarterly
Monthly
Child Benefit
Child's Age (years)
18
21
24
Benefits under Career Endowment option
50%
20%
30% + Benefit booster
Benefits under Wedding Endowment option
20%
30%
50% + Benefit booster
Death Benefit
In case of your unfortunate demise, your child will receive the Sum Assured immediately. All the future premiums will be waived off and your child will also continue to get the future benefits as planned at ages 18, 21 and 24 years.
Benefits:
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A choice between two funding options- Career Endowment and Wedding Endowment
Get "Child Benefits" up to 125% of sum assured
Your child's future is secure even in case of your unfortunate demise