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Asian Child Endowment

Asian Child Endowment

Salient Features :

  • Minimum age at entry: 0 years
  • Maximum age at entry: 10 years
  • Policy Term: 18-Age of child at entry
  • Maximum Maturity Age: 18 Years
  • Minimum Sum Assured: Rs. 50,000
  • Maximum Sum Assured: Rs 1,000,000
  • Premium Paying Mode: Yearly, Half-yearly, Quarterly.

Rebates :

Rebates on Large Sum Assured

  • Rs. 251,000 to 5,00,000: Rs 1 in Basic Premium
  • Rs. 501,000 and Above: Rs 2 in Basic Premium

Rebates on Mode of Payment

  • Yearly : Less 2%
  • Half Yearly : Less 1%

Commencement of Risk:

  • Risk of the child commence either 2 years after the date of commencement or from the policy anniversary falling immediately after the completion of age 6 of child, whichever is later.

Benefits :

  • The Sum Assured along with vested bonus is payable on Date of Maturity.
  • In case of the life Assured(Child) dies any time after commencement of risk, Full SUM ASSURED with vested Bonuses will be paid.
  • In case of the life Assured(Child) dies before commencement of risk, all the premiums paid excluding extra premiums.

Riders :

  • PWB and MEB with additional price, for Proposer

First Policy Issued Date :

  • 2065/03/05