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.
The Policy will vest in the Life Assured from the policy anniversary following his completing age of 16 years.
The Sum Assured along with vested bonus is payable on Date of Maturity.
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.