It is a regular plan with limited payment option. Flexible Survival benefit is available to meet education needs from age 20 to age 24 years of child age. It gives guaranteed tax free maturity at age 25 years of child. Policy can be availed with a maturity age as 25 years and can be taken by children between the ages of 0 years to 12 years. This plan also offers cover on the life of child during policy term.
| Minimum | Maximum | |
|---|---|---|
| Entry Age | 90 days completed | 12 Years (last birthday) |
| Term | 13 Years | 25 Years |
| PPT | 8 Years | 20 Years |
| Maturity age | 25 Years | |
| Sum Assured | ₹ 75,000/- | No Limit |
| Mode of Premium Payment | Yearly, Half Yearly, Quarterly, Monthly ECS and through salary deductions (SSS) | |
| The Sum Assured shall be in multiples of ₹ 5,000/- from Sum Assured ₹ 75,000/- to ₹ 1,00,000/- and ₹ 10,000/- for Sum Assured above ₹ 100,000/- | ||
Minimum Entry Age : 18 Years (Completed)
Maximum Entry Age : 55 Years (Nearest Birthday)
Maximum cover ceasing age : 70 Years (Nearest Birthday)
There are 4 options
| Option | Survival Benefit | Maturity Benefit |
|---|---|---|
| Option 1 | No Survival Benefit | 100 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
| Option 2 | 5 % of Sum Assured from Age 20 Years to 24 Years | 75 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
| Option 3 | 10 % of Sum Assured from Age 20 Years to 24 Years | 50 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
| Option 4 | 15 % of Sum Assured from Age 20 Years to 24 Years | 25 % of Sum Assured + Vested Bonus + Final Additional Bonus, if Any |
