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Child Money Back (932)

100,000.00

New Childrens Money Back Plan is a non-linked, with-profits, regular premium payment money back plan.

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Description

Plan :Child Money Back (932)

Product Summary :
New Childrens Money Back Plan is a non-linked, with-profits, regular premium payment money back plan.

Premium Payment Mode:
Yearly, Halfly, Quarterly, Monthly(ECS)

Term :
25 Age at Maturity Time

Minimum Entry Age :
0 Year Last Birthday

Maximum Entry Age :
12 Year Last Birthday

Minimum Sum Assured :
1,00,000

Maximum Sum Assured :
NO LIMIT (Depending upon Income)

Policy Benefits :
On Death :
On death Before the Date of Commencement of Risk:
An amount equal to the total amount of premiums paid excluding taxes, extra premium and rider premium, if any shall be payable.

On death After the Date of Commencement of Risk:
Death Benefit, defined as sum of Sum Assured on Death and vested Simple Revisionary Bonuses and Final Additional Bonus, if any, shall be payable. Where Sum Assured on Death is defined as higher of 7 times of annualized premium or Absolute amount assured to be paid on death i.e. Basic Sum assured. This death benefit shall not be less than 105% of the total premiums paid as on date of death.

On Survival :
If Policy in full force :
Completion Age 18YRS – 20% OF MSA
Completion Age 20YRS – 20% OF MSA
Completion Age 22YRS – 20% OF MSA
On Maturity at Age 25YRS – 40% of MSA + Vested Bonus + FA

Additional information

Plan

Child Money Back (932)

Product Summary

childmoneyback

Premium Paying Mode

yhqm

Term/PPT

25atMaturity

Minimum Entry Age

0 Year Last Birthday

Maximum Entry Age

12 Year Last Birthday

Minimum Sum Assured

1,00,000

Maximum Sum Assured

NO LIMIT (Depending upon Income)

Policy Benefits on Death

childmoneyback

On Survival

childmoneyback

Surrendered Value

The policy can be surrendered at any time during the policy term provided premiums have been paid for full two years.

Loan

Available after payment of premium of 2 full years.

Income Tax Benefit

Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is free under sec 10(10D).

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