Salient features of Children Salient features of Children Money Back Plan (Plan No. Money Back Plan (Plan No. 832)832)Non Linked, with profit, regular premium paying

money back plan.

Money back at the age of 18, 20, and 22 years of child.

Risk cover of child after 2 years of risk commencement or 8 years of child’s age which ever is earlier

Loan and surrender facility after 3 years with full three years of premium paid.

Income tax rebate under section 80(C) of Income tax

Benefits of Children Money Benefits of Children Money Back planBack planSurvival BenefitSurvival Benefit

◦ 20% of Sum Assured at the age of 18,20 and 22 years of child

◦ Life assured has the option to defer the payment of SB claim, therefore it can be converted to endowment plan as well.

Maturity BenefitMaturity Benefit◦ 40% of Sum Assured with reversionary

bonus and final additional bonus (if any)

Benefits of Children Money Benefits of Children Money Back planBack planDeath BenefitDeath Benefit

◦Before commencement of risk-Refund of total premium (excluding taxes, extra premium and rider premium if any)

◦After the commencement of risk- Sum Assured with reversionary bonus and final additional bonus (if any)

Eligibility CriteriaEligibility Criteria Minimum age at entry: 00 year (Last birthday)

Maximum age at entry: 12 years (Last birthday)

Policy term: 25-age at entry

Age at maturity: 25 years

Minimum Sum Assured:Rs. 100000

Maximum Sum Assured: No limit (in multiple of 10000)

Mode of premium payment: Yearly, Half Yearly, Quarterly and Monthly( ESC and SSS only)

Premium waiver Benefit Premium waiver Benefit Rider (PWB)Rider (PWB)

If Premium waiver benefit rider is

opted, then in case of unfortunate

death of proposer, all the future

premium will be waived and child

will get all the benefits of the

policy as it is.

Eligibility criteria of PWB Eligibility criteria of PWB RiderRider

Minimum age at entry:18 year (LBD) Maximum age at entry: 55 years

(NBD) Policy term: 25-age at

entry of child Cover ceasing age: 70 years