Child Future Plan


Features

Introduction:
This plan is specially designed to meet the increasing educational, marriage and other needs of growing children. It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term). A number of Survival benefits are payable on surviving by the life assured to the end of the specified durations.
  
Options:
You may choose Sum Assured (S.A.), Maturity Age, Policy Term, Mode of Premium payment and Premium Waiver Benefit.
  
Payment of Premiums:
You may pay the premiums regularly at yearly, half-yearly, quarterly or through Salary deductions over the term of policy. Premiums may be paid either for 6 years or upto 5 years before the policy term.
  
Sample Premium Rates:

Following are some of the sample premium rates per Rs. 1000/- S.A.:


For 6 years’ Premium paying term
Age Maturity Age
  23 24 25 26 27
0 112.55 108.00 103.65 99.45 95.45
4 132.35 127.00 121.85 116.90 112.15
8 156.20 149.90 143.85 138.05 132.45
12 184.20 176.85 169.75 162.95 156.40

For Premium paying term  = Policy Term less 5 years
Age Maturity Age
  23 24 25 26 27
0 53.10 49.45 46.20 43.25 40.60
4 71.80 66.90 61.65 57.00 52.95
8 107.80 96.30 86.75 78.75 71.90
12 184.20 155.40 133.90 117.25 108.05

Mode and High S.A. Rebates:

Mode Rebate:
 

Yearly mode - 2% of Tabular Premium
Half-yearly mode - 1% of the tabular premium
Quarterly & Salary deduction - NIL

Sum Assured Rebate:   
 

Sum Assured - Rebate (Rs.)
1,00,000 to 2,99,999 - Nil
3,00,000 to 4,99,999   1.5 %o S.A.
5,00,000 and above - 2 %o S.A.