Page 10 - Plans PPT 2
P. 10

 Introduction



        A sound financial plan, guaranteeing availability of funds for the professional career
        development of the child in any eventuality.



         Survival/ Maturity Benefits



        This is a Cash Back Plan for children. The sum assured under this plan will be paid in
        installments from the policy anniversary falling due after the child attains the ages mentioned
        below, provided the policy is in full force. The plan provides the following payments:



        •    20% of Sum Assured on policy anniversary after attaining the age of 18 years

        •    20% of Sum Assured on policy anniversary after attaining the age of 19 years
        •    20% of sum Assured on policy anniversary after attaining the age of 20 years
        •    20% of Sum Assured on policy anniversary after attaining the age of 21 years

        •    20% of Sum Assured on policy anniversary after attaining the age of 22 years



        •    Guaranteed Addition (and loyalty addition if any) on surviving age of 23 years


        (Another option provides payment of 15% of Sum Assured every year for 5 years and rest

        25% of the Sum Assured along with guaranteed addition in the 6th year.)
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