Citizen Child Future Plan Plus
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. A with-profits endowment assurance plan to help parents build a fund for a child's future expenses (education, rituals etc.). The child is the Life Assured and a parent is the Proposer.
परिपक्वता अनुमान
अनुमानित परिपक्वता रकम
—
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-9 | Rs 40 | Rs 40 |
| 10-14 | Rs 44 | Rs 44 |
| 15-19 | Rs 47 | Rs 47 |
| 20-24 | Rs 52 | Rs 52 |
| 30+ | Rs 67 | Rs 67 |
Recent years
- FY 2081/82
- Rs 40–67/ 1,000
- FY 2080/81
- Rs 40–67/ 1,000
- FY 2079/80
- Rs 44–67/ 1,000
- FY 2078/79
- Rs 38–73/ 1,000
- FY 2077/78
- Rs 38–73/ 1,000
Source: सिटिजन लाइफ इन्स्योरेन्स declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
What's included
Key highlights
- बाल केन्द्रित सावधिक जीवन बीमा(नाफासहित)
- राइडर विकल्पहरू उपलब्ध
- संबन्धित जोखिम सुरु हुने स्पष्ट प्रावधान (बाल र अभिभावक)
Features
- बाल (Life Assured) र अभिभावक (Proposer) दुबै समावेश
- मृत्यु लाभ समेटिएको
- वेस्टेड बोनससहित म्याच्युरिटी लाभ
- विकल्पित राइडरहरू उपलब्ध (Term, PTD, Premium Waiver, MIB, CI, Funeral Expense)
- प्रोप्रोजरको मृत्युमा भविष्यका प्रिमियम माफ (Premium waiver)
Terms and conditions
- Death Benefit
- Death of life assured(child) prior to risk commencement date:
- 1. Base plan premium (i.e., excluding the premium paid for optional riders, if any) will be payable.
- 2. Death of life assured(child) after risk commencement date:
- 3. 25% of sum assured plus vested bonus or the base plan premium (i.e., excluding the premium paid for optional riders, if any) whichever is higher will be payable.
- 4. Given the policy is in-force, if both the assured and proposer dies together due to the single accident the following benefits will be payable:
- In terms of proposer’s death, the sum assured,
- 1. In terms of child’s death, 25% of sum assured if the risk has commenced or base plan premium if the risk has not been commenced, and
- 2. Vested bonus under the policy.
- 3. The future payable premiums will be waived off after the date of death of proposer.
- In case of death of proposer during policy term, 1% of sum assured will be payable starting from the following month post the date of death till the policy maturity date or up to the death of the life assured (child), if earlier.
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
म्यादी राइडर
म्यादी राइडर लाभ
स्थायी पूर्ण अशक्तता
स्थायी पूर्ण अशक्तता लाभ
प्रिमियम छुट लाभ
भविष्यका प्रिमियम छुट
मासिक आय लाभ
बीमाङ्कको १% प्रति महिना
घातक रोग
घातक रोग लाभ
अन्त्येष्टि खर्च
अन्त्येष्टि खर्च लाभ
Term Rider
Term rider benefit
Permanent Total Disability
PTD benefit
Premium Waiver Benefit
Future premiums waived
Monthly Income Benefit
1% of SA per month
Critical Illness
Critical illness benefit
Funeral Expense
Funeral expense benefit
Premium
Quote on request