• Idea I for planning your child’s financial goals.
• Moderate premiums.
• Multiple premium payment frequency to choose from.
• Life Cover to the extent of Sum Assured + Bonus + Final Additional Bonus (As applicable).
• For life assured below 8 years age - life cover will start, on completion of 2 policy years OR 8 years of age - whichever is early.
• Survival benefit: An amount equal 20% of SA will be paid on each policy anniversary on completion of 18, 20 & 22 years of age.
• Maturity benefit: 40% of SA+ Bonus + Final Additional Bonus (as applicable) will be paid on completion of term.
• Loan is Available any time after 2 policy years.
• Policy can be back dated within the same financial year to match an important event of your child.
• Premium Paid is TAX EXEMPTED u/s 80 C.
• All returns from the policy are TAX FREE u/s 10 (10) (D)
• Free lookup period for 15 days.
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