Children’s Marriage and Education Endowment Life Assurance

An endowment life plan targeted to save for a child’s marriage and education. Provides maturity benefits at the end of the policy term and a death benefit in case of the life assured's demise.

Entry age

18 – 65 years

Policy term

10 – 21 years

Sum assured

Rs 50,000 – Rs 20,00,000

Premium modes

Yearly, Half-yearly, Quarterly, Monthly

Death benefit

Sum Assured + Bonus (as declared)

Maturity benefit

Sum Assured + Bonus

Accidental benefit

Additional benefit if accidental death rider taken

Reversionary bonus rate declared for the latest fiscal year. Rates are revised annually and are not guaranteed for future years.

• Accidental Death Benefit Rider

  दुर्घटनात्मक मृत्युमा अतिरिक्त लाभ

• Critical Illness Rider

  महत्वपूर्ण रोग diagnosed भए लाभ

Policy loan

Available

Surrender allowed

After 3 years

Paid-up value

Yes

Partial withdrawal

No

• Suicide within policy's initial exclusion period
• War, civil commotion, terrorist acts
• Pre-existing conditions not disclosed
• Illegal acts or self-inflicted injuries