CHILD CAREER PLAN LIC POLICY

CHILD CAREER LIC POLICY:-

Feature of plan

Life Insurance Corporation has introduced a new with profit 'child career plan (table no184) w. e .f. 8th February 2007. this plan meets the increasing educational and other need of growing children providing the risk cover on the child's life during the policy term as will as extended term   This is a public child lic policy.

Plan parameters Age at entry: min. 0 yrs. (LBD) Max. 12 yrs (LBD)
Maturity age: min. 23 yrs (LBD) Max. 27 yrs. (LBD)
Sum assured: min. 1lac max. . 1cror
S.A in multiples of: Rs.5000
PPT: 6 yrs. & policy term - 5yrs
Mode of payment: YLY/ HLY/ QLY
Policy loan:
Housing loan:
Assignment: no by the proposer, but assignable after the policy has vested in the life assured
Revival: yes
Benefit

Death benefit: on death after the date of risk commencement.

1. If death occurs within the period from the date of risk commencement to 5 years before expiry date of policy term: sum assured + vested simple reversionary bonuses + F.A.B. if any, is payable.
2. If death occurs within 5 years before the expiry date of policy term: sum assured + F.A.B if any, is payable.
3. on death during the extended term: sum assured is payable,
4. if death occurs bet fore the date of risk commencement: all the premium paid (excluding premium for extra and PWB. If any) + interest @ 3% p.a. compounding yearly shall be payable.

Contact for insurance:- Sanjay Tomer
                                    09466423767
                                    09416956096