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Child Protection Plan |08|

Family Protection Plan - Children

Key Benefits of Child Protection Plan

Safeguard your child education

Waiver of Premium at the event of Death

Invest for child's overseas higher education

Guaranteed monthly stipends at the event of death

Let's keep that smile intact forever: An education plan for your starlet to keep his/her future education miles away from financial hardship

The best plan for you, your child and your family that includes a splendid admixture of instant, monthly, terminal & death benefits

Features and benefits of Child Protection Plan:

  • If payor/parent expires:
    • All future premium will be waived
    • Monthly stipped of 1% of Coverage Amount till maturity
    • Enjoy attractive maturity benefits [Coverage Amount + Bonus]
    • 15% Instant Cash Benefit to contingent beneficiary

  • If payor/parent Survive till Maturity:
    • Enjoy attractive maturity benefits [Coverage Amount + Bonus]
  • Coverage upto 20 Crore

  • Policy Bonus is applicable
  • Flexibility at your hands [Terms 10 years to 25 years]
  • Convenient Premium Payment Options [Monthly, Quarterly, Half-Yearly & Yearly]
  • Income Tax Rebate on Yearly Paid Premiums for Self, Spouse & Children's Plan
  • Get Rebate on your Income Tax on Yearly Paid Premiums
  • You can also opt for reduced paidup option for ease of policy continution
  • Open you door to a rich network of more than 270 partner Hospitals & Clinical Labs

  • This plan also allows you to avail following add-ons [riders] just for a liitle more premium. These riders are very popular among our customers.
    • Hospitalization Benefits upto 5 Lac for Yourself and every family members [Spouse & Child] individually

Terms & Conditions of Child Protection Plan:

  • Payor/Parent Age: Min. 20 years to Max 55 years. At Maturity age cannot exceed 70 years
  • Child Age: Min. 06 months. At maturity summation of child age & policy term cannot exceed 25 years
  • Policy bonus will be applicabale after successful completion 2 [Two] years tenure of the policy
  • Loan, Reduced Paidup & Surrender option is also applicabale after successful completion 2 [Two] year tenure of the policy
    Premiun Convertion Rate:
    • Yearly to Monthly = Yearly Premium X 0.0925
    • Yearly to Quarterly = Yearly Premium X 0.275
    • Yearly to Half Yearly = Yearly Premium X 0.525
  • To enjoy Life Card Facility policy have to remain inforce
  • Minimum Coverage amount is 1 Lac