Childrens Money Back (932)
Product Summary: Childrens Money Back plan is a regular premium, non linked childrens plan, to help planning for the eduaction and or marriage of children
Premium Payment Mode: Yearly, Half Yearly, Quartely, Monthly(SSS and NACH)
Term: 25 - age at entry
Minimum Age at Entry: 0 Year last birthday
Maximum Age at Entry: 12 year last birthday
Maximum Maturity Age: Not applicable
Minimum Sum Assured: Rs. 1,00,000
Maximum Sum Assured: No Limit (Subject to other conditions)
Riders Available No riders for life assured but Premium Waiver Benefit (PWB) available for proposer.
Accidental Death and Disability Benefit (ADDB): Not available
On Death: On death before date of commencement of risk : An amount equal to the total amount of premiums paid excluding, extra premium and rider premium, if any shall be payable. On death after the date of commencement of risk: Sum Assured on death + vested Simple Reversionary Bonus and Final Additional Bonus (if any).
On Survival: On completion of age 18 Years - 20% of Maturity Sum Assured. On completion of 20 years of age - 20% of sum assured. On completion of 22 years of age 20% of sum assured, On Maturity at age 25 years 40% of Maturity Sum Assured + FAB.
Surrender Value: Policy can be surrendered at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Loan: Loan can be availed at any time during the policy term provided at least 2 full years premium have been paid and two full years completed since inception of policy.
Income Tax Benefit: Premium paid under the policy is eligible for Tax rebate under section 80C. Maturity benefit under this policy is tax free under section 10 (10 D) of income tax act.
Proposal Form Form No 360 + 300 if premium waiver benefit is opted.
कोणत्याही टिप्पण्या नाहीत:
टिप्पणी पोस्ट करा