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Eá )NSURING SMILES ALL THE WAY

For many , Life revolves around Children
For some ,

  .

Plan cash flow for the

easy Take off
of your child¶s future
----Create Yet another reason to call you
The Best Parents
 @ MAL JEEVAN
Children¶s Money Back plan
 ð

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The Sum Assured will be paid in instalments at
periodic intervals provided the policy is in force for
full Sum Assured as under:

‡ 20% of the Sum Assured on each of the policy

anniversaries immediately after the Life Assured
attains the age of 18 and 20 years.

‡ 30% of the Sum Assured on each of the policy

anniversaries immediately after the Life Assured
attains the age of 22 & 24 years.
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‡ ›
 
 
at the
end of each policy year will be added to the policy
provided the policy is in full force,
These are payable
‡ on Death of life assured (provided the risk has
commenced under the policy) or
‡ on Maturity i.e. on policy anniversary immediately
after the Life Assured attains the age of 26 years.
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Loyalty Additions may also be payable on

Maturity or on Death after the
commencement of the risk, depending on
the experience of the Corporation.
ð

In the event of unfortunate death of

the life assured , during the risk
period , the Sum Assured together
with Guaranteed Additions is
payable.
Note : Prior to the risk period premiums would be refunded as per usual
norms
  
 


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‡ For children aged 5 years and above, a
certified extract from the school records will
be accepted as proof of age.
‡ In other cases, certified extracts from
Municipal records made at the time of birth
will only be accepted as age proof.
!›   

‡ Father
‡ Mother ( female category I and II )
‡ Legal guardian can propose under the
plan. (in the absence of father/mother)

Proposal Form : Form No. 360 to be used

for this plan
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The close relations such as grandparents, elder

brothers or sisters, uncles both from paternal or
maternal side can gift 'single premium policy'
for love and affection under this plan. in such
cases also, the policies will be proposed by
father, mother or legal guardian.



‡ Yearly Mode - 2% of tabular premium
‡ Half-Yearly Mode - 1% of tabular premium
‡ Quarterly - No rebate

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Sum Assured greater than or equal to
Rs.200000/- : Rs.1.00 per thousand Sum
Assured
÷


 
No medical examination of the Life assured is
required.




Policy shall automatically vest in the Life
Assured on the policy anniversary
immediately after he/she attains majority.
 
 
 ›

‡ Risk will commence after 2 years from the

date of commencement of the policy
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‡ From the policy anniversary immediately
following the completion of 7 years of age,
whichever is later.
Premium Waiver Benefit

‡ Premium waiver benefit can be availed by

the proposer at a small additional
premium.
‡ Under normal underwriting requirements
proposers up to the age of 50 (nearer
birthday) are eligible.
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‡ Term Rider Benefit can be availed
 
to the extent of 20% of the basic Sum Assured under
the policy not exceeding Rs.100000/-.
‡ The benefit will be payable in case the proposer dies
before the policy anniversary on which the child
completes 18 years.
‡ Conditions are similar to that of Premium Waiver
Benefit.
ð

This Plan is not be eligible for the

accident or permanent disability
benefits.
 

No loan can be granted under this policy.

 
 

This policy can be surrendered for cash after
expiry of 3 policy years *

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›  

The lapsed policy may be revived during

the life time of the Life Assured, but within
5 years from the date of the F U P.
 Product Mix(Contt)
‡ Combination of @omal Jeevan with Jeevan
@ishore would be an ideal product mix to
receive the installments of cash flow(education)
and a lump sum amount (maturity of Jeevan
@ishore)would provide for the START-IN -LIFE
for your child.

‡ @omal Jeevan supplemented with table No.14 ie.

Endowment plan at the appropriate time also
makes a very good product mix to plan for cash
flow at planned intervals.
 Dating Back of the Policy




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Note : Dated back premium amount is charged interest.

 Benefit Illustration

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Exactly!
You have rightly identified the Target Group.

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 This group has similar needs
like buying chocolates, books,
school bags, toys , shoes, vaccinations
and other requirements for their children.

Create  that

Insurance is also one of the

 of their children.
  ! 

 ð   
  
›


 

  

a Small Step leads to BIG RESULTS