This is an Endowment Assurance Plan available for children b/w 1 year and 12 years of age, with risk commencing at an early age. The policy may be purchased by any of the parent/grand parent.
Features
· Children between ages 1 and 12 years are eligible.
· Parents can propose the child’s life.
· Sum assured is payable either on survival to the term or on death happening within the term
· Premiums are payable yearly, half-yearly, quarterly or monthly throughout the term of the policy or till earlier death of child.
Risk Commencement Age
· For children aged 1 to 4 years, risk commences from policy anniversary after attaining age 7 years
