SuryaJyoti Agreem Bhuktani Bal Jeevan Beema

SuryaJyoti Sanrachhit Bal Jeevan Beema (Child MoneyBack Plan) is aimed to protect your child’s future and career with features of yearly return of the insured amount after child reaching certain age. It is important to prepare and arrange funds for a child’s education and other social necessities of life today. SuryaJyoti Sanrachhit Bal Jeevan Beema fits your needs if you ensure your child’s life today. You can select the period of the plan to suit the age of the Child at which you want the policy proceeds to be paid.

Plan Features: Criteria

Risk to commencement date: Risk to commence at age 6years (nearer birthday) of the child or two years after commencement of policy, which ever takes place later.

Vesting age: 16 years completion of child.

Basic Benefits:

• If the Life assured is alive during the premium term and up to maturity, then annual payments @ 20% of SA is paid as per following:

• In case of unfortunate death of insured (Child) after the risk commencement date, 25% of basic sum assured will be paid to the proposer/beneficiary on death and remaining 75% of basic sum assured with Bonus will be paid on maturity.

• In case of unfortunate death of insured (Child) before the risk commencement date, all premium paid under this policy except rider premium will be refunded to the proposer/beneficiary,

Optional Rider Benefits

With the payment of extra premium, the following additional benefits can be added in this policy for insurance coverage of proposer (Child’s Father or Mother) of age 18 to 55 years:

• Premium waiver Benefit:
  

  Under this rider, in-case of death or disability of the Proposer all future premium of the policy till the policy maturity date will be waived from the next anniversary of policy after the death of proposer.

• Monthly income Benefit:
  

  Under this rider, in-case of death of the proposer, amount equal to 1% of Sum Assured will be paid to the child on monthly basis from the next month after the death of proposer till the policy maturity date.

• Proposer’s Term Life Insurance (SuryaJyoti Myadi Jeevan Beema) with Accidental Death Rider Benefit and 18 Diseases CI Rider Benefit:
  

  With additional premium payment, the proposer can opt to take Separate Term Life Insurance coverage.
  

Benefits under Term Life Insurance:

• Death Benefit: In case of Death of Proposer, Sum Assured will be paid in a Lump sum to the beneficiary.
• Accidental Death Benefit Rider : In the case of Accidental Death of Proposer, an additional amount equal to basic sum assured (maximum up to Rs. 500,000) will be paid to the beneficiary.
• 18 Diseases Critical Illness Rider : In case Proposer is diagnosed with mentioned18defined critical illness, lump-sum amount equal to basic sum assured or maximum up to Rs. 20, 00,000 will be paid to the insured.

Proposer’s Term Life Insurance (SuryaJyoti Myadi Jeevan Beema) can be granted along with Jyoti Sunaulo Bhawishya Baal Jeevan Beema (Child Endowment Plan) only in case the basic sum assured under child endowment plan is Rs. 350,000 and above

Benefits and Coverages under this plan shall be based on the Terms and Conditions mentioned in the policy & rider documents and also shall be governed by the regulatory directives.