Creating Life Child Protection Plan

Creating Life Child Protection Plan


What can this plan do for me?

This plan is perfect if you have small children. You can provide for their future by setting aside a small portion of your current income. The money you set aside will help your children pursue their dream even when you are not around to take care of them. Death cover will provide immediate relief and the maturity benefit will come to your child at the right time when they need it.

The Creating Life Child Protection Plan helps you ensure that your children’s future is secure and prosperous, so they can pursue their dreams no matter what the future brings.



Key Features

Guaranteed Maturity Benefits (Payment in case of Death and at Maturity)
Flexible Maturity Benefit Options
Built-in Waiver of Premium Benefit


Benefits

Guaranteed maturity benefits
The sum assured and the accumulated compound reversionary bonus are paid on maturity.
A final additional bonus based upon the performance of company is paid on maturity.

Death Benefits


Your child will receive the sum assured in case of your death.

The policy continues even after the sum assured on death is paid.

No premiums have to be paid after the death of the parent
whose life is insured (Built-in waiver of premium benefit).

Your child will be eligible for guaranteed maturity benefits.

Additional Benefits

Rider Benefits
Increase your coverage at a nominal extra cost by opting for any of our riders -
Term Rider, Accidental Death Rider, Accidental Death, Disability & Dismemberment Rider and Waiver of Premiums Rider.

Loan Benefit
After paying a premium for three years, you will be eligible for a loan.

Maturity Benefit
Your child can either receive a lump sum or receive the amount in 3 or 5 equal instalments after the maturity date.

Tax Benefits
Tax benefits under Section 88 and Section 10 (10D) are available on all our life insurance plans and riders.

Look-in Period
This is a 15 day period for you to go through the terms and conditions and decide upon taking or canceling the policy.

Product Features

Eligibility
Minimum entry age: 18 years
Maximum entry age: 55 years
Maximum maturity age: 65 years

Premium Payment Term
Choose premium paying terms of 10 - 25 years

Premium Payment Options
Annual, half-yearly, quarterly or monthly

Minimum Premium Payable
Annual : Rs. 8,000
Half-Yearly : Rs. 4,000
Quarterly : Rs. 2,000
Monthly : Rs. 750

http://www.inglife.co.in/creatinglife.htm