Child Career Plan Policy

Child Career Plan Policy

Introduction:
This plan is specially designed to meet the increasing educational 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

111.25

107.25

103.35

99.60

95.95

4

128.35

123.80

119.35

115.05

110.90

8

148.15

143.05

138.05

133.20

128.50

12

170.20

164.55

159.05

153.65

148.40

For 6 years’ Premium paying term

Age

Maturity Age

 

23

24

25

26

27

0

111.25

107.25

103.35

99.60

95.95

4

128.35

123.80

119.35

115.05

110.90

8

148.15

143.05

138.05

133.20

128.50

12

170.20

164.55

159.05

153.65

148.40

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

3 Comments on "Child Career Plan Policy"

  1. ROHIT KUMAR SINGH | February 14, 2014 at 9:23 am | Reply

    Want to know details about Child Career Plan Policy.

  2. i want to know about my policy product by my policy no. my 1st policy no is-356591375 is JEEVaN aNNaND & when my next premium due date.
    2nd policy no is-356592674 is jeevan tarang &(ii) what is356592673 IS Child Career Plan & the product name & when my next premium due date . plz cheek it details & give it details in my e-mail id.

  3. my police enquary

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