It is specifically designed to take care of the educational needs of children. The plan can be taken by a parent on his or her own life.

Features
• Benefits are payable to beneficiary at prespecified durations irrespective of whether the Life Assured survives to the end of the policy term or dies during the term of the policy
• It also provides an immediate payment of basic sum assured amount o death of the life assured during the term of the policy.
• Premiums can be paid yearly, half yearly, quarterly, monthly or through salary deductions in case of regular premium.
• Various premium paying terms are offered
1. Single premium: One year
2. Regular premium payable during(n-3) yrs, where n is the policy term