Child Protection Plan

Benefit Schedule

Minimum and Maximum age of the child at the time of the commencement of the policy will be 6 months and 15 years respectively.

• If the life assured (father and mother) dies within the term of the policy no further premiums will be payable. In such an event the following benefits are payable:
  • 1% (one percent) of the sum assured as stipend till the end of the policy term.
  • Full sum assured together with bonuses at the end of the policy term.
• If the child dies before the maturity of the policy the following benefits will be payable:

  Policy term completed at the time of the child’s death	Benefits
  No more than 6 months	25% of the basic sum assured
  More than 6 months but not exceeding 12 months	50 % of the basic sum assured
  More than 12 months but not exceeding 24 months	75% of the basic sum assured
  More than 24 months	100% of the basic sum assured

• If the life assured and the child survive till the end of the policy term full basic sum assured together with bonuses are payable.
• If after the death of the life assured the child dies within the term of the policy no benefits are payable within the term but full basic sum assured together with bonuses are payable.