Samridhhi Bal Bachat Laghu Jeevan Beema Yojana
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. Child education micro endowment life insurance plan from Crest Micro Life Insurance — a micro savings/endowment plan aimed at building a child education corpus with guaranteed-style returns and flexible small-premium options.
Maturity estimator
Estimated value at maturity
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Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 |
|---|---|
| 5-14 | Rs 50 |
| 15-25 | Rs 55 |
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- Child-focused savings
- Accessible micro-premiums
- Claims guaranteed returns
Features
- Targeted child education savings
- Micro / low-premium options
- Advertised guaranteed / high returns
- Flexible payment terms and policy terms
Terms and conditions
- 1) Risk Start Date
- a)For the proposer, risk coverage starts from the policy issue date.
- b)For the child, risk coverage starts 6 months after the policy issue date.
- 2)Death Benefits
- a)If the child dies before risk coverage starts: All paid premiums (excluding rider premiums) will be refunded to the proposer. The policy will be canceled.
- b)If the child dies after risk coverage starts: 25% of the sum assured OR total premiums paid (excluding riders), whichever is higher, plus any guaranteed
- bonus, will be paid. The policy will then be canceled.
- c)If the proposer dies while the policy is active (child alive): All future child-related premiums will be waived. 1% of the sum assured per
- month will be paid until the policy ends or the child’s death (whichever comes first).
- d)If the child dies after the proposer’s death: Benefits will be paid as per conditions (a) and (b) above to the nominee/legal heir.
- If both child and proposer die at the same time: 100% of the sum assured + benefits as per (a) and (b) will be paid to the nominee/legal heir.
- 2)Maturity Benefit
- If the child survives till the policy term ends: 100% of the sum assured + guaranteed bonus will be paid.
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
What kind of plan is Samridhhi Bal Bachat Laghu Jeevan Beema Yojana?
Samridhhi Bal Bachat Laghu Jeevan Beema Yojana from Crest Micro Life Insurance is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy Samridhhi Bal Bachat Laghu Jeevan Beema Yojana?
The entry age for Samridhhi Bal Bachat Laghu Jeevan Beema Yojana is 20 – 55 years.
How much cover can I take on Samridhhi Bal Bachat Laghu Jeevan Beema Yojana?
The sum assured available on Samridhhi Bal Bachat Laghu Jeevan Beema Yojana is Rs 50,000 – Rs 5,00,000.
What bonus rate does Samridhhi Bal Bachat Laghu Jeevan Beema Yojana earn?
For FY 2081/82, Crest Micro Life Insurance declared Rs 50–55 / 1,000 of sum assured on Samridhhi Bal Bachat Laghu Jeevan Beema Yojana. Bonus rates are set each year and are not guaranteed.
Premium
Quote on request