suitability specially designed for childs education / marriage specially designed for childs...
TRANSCRIPT
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
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.
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.
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.
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.
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.
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
THANK-YOUTHANK-YOU