Date of Withdrawal: 16-Nov-2013
Plan No. 50
- Children Deferred Assurance (Vesting age 18) is a best plan for child and his/her parent to secure a decent amount at a given age with a comparatively low premium.
- Option to opt for Premium Waiver Benefit (PWB) i.e. if opted no payment of future premium in case of death of the Proposer
- Policy vests at the age of 18 (I.e.: life cover on the child and bonus vesting starts)
- Premium paid are TAX EXEMPTED u/s 80 C & the Maturity amount is TAX FREE u/s 10 (10) (D)
| Eligibility Criteria | ||
|---|---|---|
| Min | Max. | |
| Age | 0 | 14 |
| Term | 11 | 50 |
| Sum | 50,000 | No limit |
| Premium Modes | Yly, Hly, Qly, Mly | |
| Yearly Premium for 10,00,000 Sum Assured | ||
|---|---|---|
| Proposer Age is consider 30 years | ||
| Age | Term/PPT | Premium |
| 0 | 25/25 | 21655 |
| 5 | 20/20 | 32391 |
| 10 | 15/15 | 51303 |
| 14 | 11/11 | 80262 |
