Today LIC has launched the most awaited plan for the children, a new Child Plan - 832, after a gap of 14 months.
Following are the salient features of the plan:
Minimum Entry Age= 0 yrs LBD (Last Birth Day);
Maximum Entry Age= 12 yrs LBD;
Policy term= 25 yrs minus entry age;
Maturity Age= 25 yrs;
Minimum Basic Sum Assured= Rs.1 Lac;
Maximum Basic Sum Assured= No Limit.
a) for age of LA below 8 yrs= 2 yrs after DOC;
b) for those aged 8 yrs & above= immediately.
On Policy Anniversary coinciding or following completion of 18 yrs, 20 yrs & 22 yrs of age, 20% of BSA will be payable on each occasion for inforce policies.
Provided the Life Assured has intimated his desire to opt for SB at a later date, at-least 6 months prior to the due date of SB, the Corporation will pay him SB at an increased rate as per available factors.
Balance of 40% of BSA along with Simple Reversionary Bonus & FAB, if any.
Available to proposer from either DOC or at any time during policy term, but before 5 yrs of maturity.
Yly, Hly, Qly, Mly ECS & SSS.
a) Mode Rebate= 2 % on Yly mode & 1% in Hly mode;
b) SA Rebate= Rs.2%0 on SA Rs.2 Lacs to Rs.4.90 Lacs & Rs.3%0 on SA Rs.5 Lacs and above.
Following are the salient features of the plan:
- Non-linked, With profits, Regular Premium Payment Money Back Plan No.832 launching wef 4th March 2015.
- ELIGIBILITY CONDITIONS-
Minimum Entry Age= 0 yrs LBD (Last Birth Day);
Maximum Entry Age= 12 yrs LBD;
Policy term= 25 yrs minus entry age;
Maturity Age= 25 yrs;
Minimum Basic Sum Assured= Rs.1 Lac;
Maximum Basic Sum Assured= No Limit.
- DATE OF COMMENCEMENT OF RISK-
a) for age of LA below 8 yrs= 2 yrs after DOC;
b) for those aged 8 yrs & above= immediately.
- SURVIVAL BENEFIT-
On Policy Anniversary coinciding or following completion of 18 yrs, 20 yrs & 22 yrs of age, 20% of BSA will be payable on each occasion for inforce policies.
- OPTION TO DEFER THE SURVIVAL BENEFIT-
Provided the Life Assured has intimated his desire to opt for SB at a later date, at-least 6 months prior to the due date of SB, the Corporation will pay him SB at an increased rate as per available factors.
- MATURITY BENEFIT-
Balance of 40% of BSA along with Simple Reversionary Bonus & FAB, if any.
- PREMIUM BENEFIT RIDER-
Available to proposer from either DOC or at any time during policy term, but before 5 yrs of maturity.
- MODES OF PREMIUM PAYMENT-
Yly, Hly, Qly, Mly ECS & SSS.
- REBATES-
a) Mode Rebate= 2 % on Yly mode & 1% in Hly mode;
b) SA Rebate= Rs.2%0 on SA Rs.2 Lacs to Rs.4.90 Lacs & Rs.3%0 on SA Rs.5 Lacs and above.
THE BEST BIRTHDAY GIFT FOR A BRIGHT FUTURE OF YOUR CHILD.
For more details, feel free to contact us. :)
nice
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