Junior Life Plan – Children’s Money Back ( Plan Number : 702 )

Description of BenefitsInstallment Benefits: SB paid at i) 25% of the Sum Assured on the policy anniversary immediately after the life assured attains the age of 18 years ii) 25% of the Sum Assured on the policy anniversary immediately after the life assured attains the age of 19 years iii) 25% of the Sum Assured on the policy anniversary immediately after the life assured attains the age of 20 years iv) 25% of the Sum Assured on the policy anniversary immediately after the life assured attains the age of 21 years (ii) Guaranteed Additions: MRs.50/- per thousand S.A. for each completed policy year (iii) Death Benefit : (a) On death before commencement of risk: premiums paid excluding the premium for PWB and term rider if any, will be refunded (b) On death after commencement of risk but within 5 years of DOC : full sum assured together with vested guaranteed additions is paid (c) On death after commencement of risk and after 5 years of DOC :- full sum assured together with vested guaranteed additions and bonus if anywithout any deduction or adjustment for the amounts that may have been paid earlier by way of installment benefits. Participation in profits :- After 5 years the policy participates in profits. Maturity Benefit: SA + Guaranteed Additions + Bonus.
Min Age at Entry
18
Max Age at entry10
Min SA100000
Max SANo Limit