Benefit
Features
Plan Options
This plan offers you Assured Benefits to fund your child’s key milestones - Education, Marriage or both. You can choose one of the following options at policy inception and plan to receive Assured Benefits.
Education Milestone Benefit
This Plan offers assured annual payouts as a fixed percentage of your Sum Assured. You can choose the tenures of payouts to coincide with your Child's education milestones such as High School, Graduation, and Post-Graduation. The Education Milestone Benefit as a percentage of Sum Assured will be payable as per the table below:
Education Milestone Benefit Payable at the end of the year | |||||||||
Benefit year | 1st | 2nd | 3rd | 4th | 5th | 6th | 7th | 8th | 9th |
3 years | 30% | 30% | 40% | ||||||
6 years | 15% | 15% | 15% | 15% | 25% | 25% | |||
9 years | 10% | 10% | 10% | 10% | 10% | 15% | 15% | 20% | 20% |
Marriage Milestone Benefit
This plan enables you to receive a guaranteed lump sum payout at the end of the selected policy term for your children's marriage when they are in the age bracket of 24 to 32 years.
Education and Marriage Milestones Benefits:
Under this option both Education and Marriage Milestone Benefit can be chosen. The Education Milestone Benefit will be paid as defined above on their respective due dates and the Marriage Milestone Benefit will be paid at the end of Policy Term.
Special Features
Loyalty Additions: If you pay all your due premiums, 20% will be added to your assured benefits as the Loyalty Addition at the end of each scheduled payout.
Enhanced Insurance Cover:
At the start of the policy, you can also opt for Enhanced Insurance Cover equal to 50% or 100% or 200% of the sum assured, by paying an additional premium.
