Child Future Plan Policy


Child Future Plan Policy

Introduction:
This plan is specially designed to meet the increasing educational, marriage and other needs of growing children. It provides the risk cover on the life of child not only during the policy term but also during the extended term (i.e. 7 years after the expiry of policy term). A number of Survival benefits are payable on surviving by the life assured to the end of the specified durations.

Options:
You may choose Sum Assured (S.A.), Maturity Age, Policy Term, Mode of Premium payment and Premium Waiver Benefit.

Payment of Premiums:
You may pay the premiums regularly at yearly, half-yearly, quarterly or through Salary deductions over the term of policy. Premiums may be paid either for 6 years or upto 5 years before the policy term.

Sample Premium Rates:
Following are some of the sample premium rates per Rs. 1000/- S.A.:

For 6 years’ Premium paying term

Age

Maturity Age

 

23

24

25

26

27

0

112.55

108.00

103.65

99.45

95.45

4

132.35

127.00

121.85

116.90

112.15

8

156.20

149.90

143.85

138.05

132.45

12

184.20

176.85

169.75

162.95

156.40

For Premium paying term  = Policy Term less 5 years

Age

Maturity Age

 

23

24

25

26

27

0

53.10

49.45

46.20

43.25

40.60

4

71.80

66.90

61.65

57.00

52.95

8

107.80

96.30

86.75

78.75

71.90

12

184.20

155.40

133.90

117.25

108.05

Mode and High S.A. Rebates:

Mode Rebate:

Yearly mode

2% of Tabular Premium

Half-yearly mode

1% of the tabular premium

Quarterly & Salary deduction

NIL

Sum Assured Rebate:

Sum Assured

Rebate (Rs.)

1,00,000 to 2,99,999

Nil

3,00,000 to 4,99,999

 

1.5 %o S.A.

5,00,000 and above

2 %o S.A.

Source : licindia.in

8 Comments on "Child Future Plan Policy"

  1. Himanshu Agarwal | April 25, 2014 at 4:40 pm | Reply

    How to get maturity amount of money back children assurance plan under table 113-17. Pl also send required formats.

  2. I have policy No. 140286972 from LIC of India purchased in 1991 for sum assured of Rs.100000.00.
    Can you please inform what type of this policy is and when it will mature and is with profit or not.

  3. lic tabel no-184 SA AMOUNT 300000/- POLICE TERM 23 YEARS HOW MANY MATURITY OF THIS POLICE

  4. how can i get the detail of my policy. please reply the URL for that.

  5. deepak singh thakur | December 17, 2011 at 6:29 am | Reply

    my children will be 3 to 7 yr plz tell me best sutiable policy for him

  6. I see, I supspoe that would have to be the case.

  7. Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently quickly.

  8. nitay kumar sinha | October 20, 2011 at 5:32 am | Reply

    my policy no is 532904793.
    this is pension scheme policy how much i get after maturity

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