New Children's Money Back Plan



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  • Ideal for planning your child's financial goals.
  • Moderate premiums.
  • Multiple premium payment frequency to choose from.
  • Life Cover to the extent of Sum Assured + Bonus + Final Additional Bonus (As applicable).
  • For life assured below 8 years age - life cover will start, on completion of 2 policy years OR 8 years of age - whichever is early.
  • Survival benefit: An amount equal 20% of SA will be paid on each policy anniversary on completion of 18, 20 & 22 years of age.
  • Maturity benefit: 40% of SA+ Bonus + Final Additional Bonus (as applicable) will be paid on completion of term.
  • Loan is Available any time after 2 policy years.
  • Policy can be back dated within the same financial year to match an important event of your child.
  • Premium Paid is TAX EXEMPTED u/s 80 C.
  • All returns from the policy are TAX FREE u/s 10 (10) (D)
  • Free lookup period for 15 days.


 
Eligibility Criteria
  Min. Max.
Age 0 years 12 years
Term 13 years 25 years
PPT 13 years 25 years
Sum Assured 1,00,000 No Limit
Premium Modes Yearly, Half Yearly, Quarterly & Monthly
Yearly Premium For 1000000 Sum Assured
Age Sum assured
3 46882
6 56437
9 70157
12 89022

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