suitability specially designed for childs education / marriage specially designed for childs...

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Page 1: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children
Page 2: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

SUITABILITYSUITABILITY Specially designed for child’s Specially designed for child’s

education / marriageeducation / marriage Good policy for persons having Good policy for persons having

children less than 10 yearschildren less than 10 years

Page 3: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

OTHER DETAILSOTHER DETAILS

Convenient term can be chosen to Convenient term can be chosen to coincide the maturity of policy to the coincide the maturity of policy to the child’s marriageable age or for child’s marriageable age or for higher education of child.higher education of child.

The proposer (father / mother) shall The proposer (father / mother) shall have to pay premium till maturity or have to pay premium till maturity or early death.early death.

Page 4: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

DEATH BENEFITDEATH BENEFIT

Future premiums are waived Future premiums are waived Term rider, if availed, benefits Term rider, if availed, benefits

will be given.will be given.

Page 5: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

MATURITY BENEFITMATURITY BENEFIT

On survival upto date of On survival upto date of maturity, an amount equal to maturity, an amount equal to sum assured plus vested bonus sum assured plus vested bonus plus final additional bonus, if plus final additional bonus, if any, is payable, provided policy any, is payable, provided policy is in full force. is in full force.

Page 6: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

ELIGIBILITY CONDITIONSELIGIBILITY CONDITIONS

MIN AGE AT ENTRY MIN AGE AT ENTRY MAX AGE AT ENTRYMAX AGE AT ENTRY MAX MAT AGEMAX MAT AGE POLICY TERMPOLICY TERM SUM ASSUREDSUM ASSURED

18 YRS COMPLETED18 YRS COMPLETED 60YRS (NBD)60YRS (NBD) 70YRS (NBD)70YRS (NBD) 5YRS TO 25YRS5YRS TO 25YRS MIN 50000 AND MIN 50000 AND

MULTIPLES OF 5000 MULTIPLES OF 5000 THEREAFTER.THEREAFTER.

Page 7: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

ELIGIBILITY FOR TERM RIDERELIGIBILITY FOR TERM RIDER

MIN AGE AT ENTRYMIN AGE AT ENTRY

MAX AGE AT ENTRYMAX AGE AT ENTRY

MAX MAT AGEMAX MAT AGE MIN SUM ASSUREDMIN SUM ASSURED MAX SUM ASSUREDMAX SUM ASSURED

18 YRS COMPLETED18 YRS COMPLETED

50 YRS (NBD)50 YRS (NBD)

60 YRS (NBD)60 YRS (NBD) RS 1 LAKHRS 1 LAKH EQUAL TO BASIC EQUAL TO BASIC

SUM ASSURED SUB SUM ASSURED SUB TO OVERALL LIMIT TO OVERALL LIMIT OF 25 LAKHS.OF 25 LAKHS.

Page 8: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

SALIENT FEATURES …..SALIENT FEATURES …..

FOR UNDERWRITING BASIC TERM FOR UNDERWRITING BASIC TERM RIDER WILL BE CONSIDERED.RIDER WILL BE CONSIDERED.

DATING BACK IS ALLOWED WITHIN DATING BACK IS ALLOWED WITHIN THE SAME FINANCIAL YEAR @10.5 %THE SAME FINANCIAL YEAR @10.5 %

NO REBATE FOR CEIS.NO REBATE FOR CEIS. GRACE PERIOD 30 DAYSGRACE PERIOD 30 DAYS LOAN IS PERMISSIBLELOAN IS PERMISSIBLE

Page 9: SUITABILITY Specially designed for childs education / marriage Specially designed for childs education / marriage Good policy for persons having children

THANK-YOUTHANK-YOU