Description: Creating Life Child Protection Plan is a perfect plan for your small children. You can set aside a small portion of your current income and provide for your children’s future. The money you set aside will help your children to pursue their dreams even when you are not around them to take care. Death cover will provide immediate relief and the maturity benefit will come to your child at the right time when they need it.
This Children Life Insurance Plan helps you ensure that your children’s future is secure and prosperous, so that they can pursue their dreams no matter what the future brings.
Creating Life Child Protection Plan participates in the profits of the company. While the policy is in full force, on the death of the Life Assured, basic Sum Assured is payable and all future premiums are waived.

Benefits:
1)Expected Interest Rates: For the purpose of projecting benefits under this policy, the Life Insurance Council has prescribed two rates of returns. Currently the higher rate is 10% p.a. and lower rate is 6% p.a.
2)Expected Bonus Rates: The bonus rates are illustrated assuming that the rate of return on the Company’s investment remains the same throughout the policy term.
3)Guarantees: Provided the policy is in full force, the Sum Assured is guaranteed and is payable on Death and on Maturity. Bonuses already declared while the policy had been in full force, are guaranteed, and are payable on Maturity. Bonuses are declared based on the performance of the Company.
4)Cash Surrender Value: This policy may be surrendered for cash at any time after payment of at least three full years’ premiums and all extra premiums. Special Surrender Value if higher than Guaranteed Surrender Value, may be paid by the Company at rates, as may be determined from time to time.

Product Features:
Eligibility
. Minimum entry age: 18 years.
. Maximum entry age: 55 years.
. Maximum maturity age: 65 years.
Premium Payment Term
. Choose premium payment term of 10-25 years.
Premium Payment Options
. Annual, half-yearly, quarterly or monthly.
Minimum Premium Payable
. Annual: Rs.8,000.
. Half-yearly: Rs.4,000.
. Quarterly: Rs.2,000.
. Monthly: Rs.750.