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Asian Child Assurance

Salient Features :

  • Minimum age at entry: 0 years
  • Maximum age at entry: 15 years
  • Minimum Term: 10 Years to Maturity age not less than 16 years
  • Maximum Term : 30 Years
  • Maximum Maturity Age: 30 Years
  • Minimum Sum Assured: Rs. 50,000
  • Maximum Sum Assured: Rs 2,000,000
  • Premium Paying Mode: Yearly, Half-yearly, Quarterly.

Rebate:

Rebates on Large Sum Assured
  • Rs. 251,000 to 5,00,000: Rs 1 in Basic Premium
  • Rs. 501,000 and Above: Rs 2 in Basic Premium

Rebates on Mode of Payment
  • Yearly : Less 2%
  • Half Yearly : Less 1%

Commencement Of Risk
  • Risk of the child commence either 2 years after the date of commencement or from the policy anniversary falling immediately after the completion of age 6 of child, whichever is later. However in case of child's age being 15 at entry years, risk will commence from one year after the date of commencement.
Vesting Policy
  • The Policy will vest in the Life Assured from the policy anniversary following his completing age of 16 years.

Benefits:

Maturity Benefits
  • The Sum Assured along with vested bonus is payable on Date of Maturity.

Death Benefits
  • In case of the life Assured(Child) dies any time after commencement of risk, Full SUM ASSURED with vested Bonuses will be paid.

Refund of Premium
  • In case of the life Assured(Child) dies before commencement of risk, all the premiums paid excluding extra premiums.

Riders :

  • PWB and MIB with additional price, for Proposer

First Policy Issued Date :

  • 2065/06/15

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Last Updated Date : 11-20-2016, 2073 Mangsir 20