1 Children Plans Children’s Deferred Endowment Assurance - With Profits ( Table No. 41 & 50) Jeevan Kishore with Profits ( Table No. 102) Komal Jeevan ( Table No. 159) Child Career Plan ( Table No. 184) Child Future Plan ( Table No. 185)

2 Children’s Deferred Endowment Assurance with Profits (Table No. 41 & 50) Very low rate of premium – large sum assured. Combines 2 periods i) Date of Commencement to Deferred Date. ii) Deferred Date to Date of Maturity. Child’s life risk starts at the age of 21 & 18 yrs respectively. Premium waiver benefit available – Extra premium. Age proof of Child & Proposer (if PWB is desired) compulsory.

3 Parameters : Entry Age (Min.) : 0 yrs. (Max.) : for Plan yrs. for Plan yrs. Policy Term (Min.) : for Plan yrs. for Plan yrs. Max. Policy Term : 50 yrs. (for both) Max. Maturity : yrs. Min. S.A. : Rs. 50,000/- Max. S.A. : Rs. 1 Crore. Mode : All modes except SSS

4 Benefits : Maturity Benefit = S.A. + Bonus ( if any). Death Benefit - During Deferment Period only premium paid will be refunded. - After Deferment Period = S.A. + Accrued Bonus + Terminal Bonus (if any) Cash Option - If deferment period is 10 ys or more, Cash Payment can be received with cancellation of policy.

5 Jeevan Kishore with Profits (Table No. 102) Father as well as Mother if earning can propose. Grandparents can avail with permission letter of parents. Risk commence from 2 yrs of policy anniversary or at the age of 7 yrs, whichever is later. Lump sum amount on maturity can be used for higher education, marriage, etc. Non-medical if child is more than 10 yr old. If child is 5 yr or more old & not going to school, policy can’t be issued.

6 Parameters : Entry Age (Min./Max.) : 0/ 12 yrs. Policy Term (Min./Max.) : 15/ 35 yrs. Min. S.A. : Rs /- Max. S.A. : Rs /- ( in multiples of Rs.5000/-) Mode : Y/H/Q/Single premium Accidental Benefit a) after 25 yrs – without extra charge, up to Rs /-. b) after 18 yrs – with Rs. 1/- per 1000 S.A. P.W.B. is inbuilt till Child attains age of 18 yrs.

7 Benefits : Maturity Benefit = S.A. + Rev. Bonus + Final Additional Bonus (if any) Death Benefit - Before Commencement of Risk, only premium paid will be refunded. - After Commencement of Risk = S.A. + Accrued Bonus + Final Additional Bonus (if any)

8 Komal Jeevan (Table No. 159) Guaranteed Addition of Rs. 75/- per 1000 S.A. Money Back Pattern Premium ceases when child attains age of 18 yrs. Non-medical for child. Suitable provision for higher education need of child. Risk starts either at the age of 07 yrs or 2 yrs after policy date whichever is later

9 Parameters : Entry Age ( Min/Max) : yrs. Premium Paying Term : Max. 18 yrs. Min. 08 yrs Maturity Age : 26 yrs. Min. S.A. : Rs /- Max. S.A. : Rs /- ( in multiple of Rs /-) Mode : S/Y/H/Q/SSS Revival : Yes. Premium Waiver Benefit : Available.

10 Benefits : Survival Benefit : At 18 yrs - 20 % of S.A. At 20 yrs- 20 % of S.A. At 22 yrs- 30 % of S.A. At 24 yrs- 30 % of S.A. At 26 yrs- Guaranteed Addition + Loyalty Addition. Death Benefit : - Before Risk Commencement, policy terminate with refund of premium paid ( excluding PWB & Term rider Premium) - After Risk Commencement = Full S.A. + Guaranteed Addition + Loyalty Addition.

11 Child Career Plan (Table No.184) & Child Future Plan (Table No.185) Designed to meet increasing need for education, marriage, etc. Extended life cover for 7 yr after maturity. Risk cover starts after 2 yrs of policy or 7 yr whichever is later. PWB can be availed. Father as well as mother (Class I/II/III) can be a Proposer. Grandparents with permission letter of parents can propose. Auto-cover available, if premium paid for atleast 2yrs. Life risk continues for next 2 yrs if premium not paid.

12 Parameters : Entry Age of child ( Min/Max) : 0/ 12 yrs. Entry Age of Proposer (Min/ Max) : 18/ 55 yrs. Maturity Age ( Min/Max) : 23/ 27 yrs. Min S.A. : Rs /- Max. S.A. : Rs /- ( in multiples of Rs. 5000/-) Premium Paying Term : 6 yrs or ( Term – 5 ) yrs. Policy Revival : Yes. Risk Commencement : a) Child’s Age < 10 yrs – After 2 yrs of policy date or on completion of 5 yr. b) 10 yrs < Child’s Age < 12 yrs – At the age of 12 yrs. c) Child’s Age > 12 yrs – Immediately.

13 Benefits : Maturity Benefits : Table 184Table yr before30 % S.A.+ Rev. Bonus25 % S.A. 4 yr before15 % S.A.10 % S.A. 3 yr before15 % S.A.10 % S.A. 2 yr before15 % S.A.10 % S.A. 1 yr before15 % S.A.10 % S.A. On Maturity15 % S.A. + FAB50 % S.A.+ Rev. Bonus+FAB

14 Death Benefit : i) Risk Commencement to 5 yrs prior of maturity – = S.A.+ Rev. Bonus + FAB ii) During 5 yrs of policy maturity – = S.A. + FAB. iii) During Extended Life Cover – = S.A. iv) Before Risk starts – = All premium paid (excluding extra & PWB premium) 3% per annum accrued interest. v) During Auto-cover – = S.A. – Unpaid Premium + Bonus if any

15 Thank You ! Pramod Patil Vijay Ambuskar Charandas Bulkunde Sandip Deoghare Manish Wakodikar Guided By – Mr. R.S.Umale Sir