Description: As a parent, you always want to give your child all the best things of life. You also want to see your children grow into successful individuals, fulfill their dreams at every important stage of their life and help them grab all the opportunities at the right time. Creating Life Money Back Plan helps you to do so. Be it for their education, dance lessons, computer training classes or anything that makes them experience the good things in life. No matter what happens to you, your child's future is always taken care of.

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 prescribed higher rate is 10% p.a. and the 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 to be paid on death. Also, provided the Policy is in full force, 20% of the Sum Assured is guaranteed at the end of every one-fifth of the Policy Term, irrespective of survival of the Life Assured.
4)Cash Surrender Value: This Policy may be surrendered for cash at any time after payment of at least three full years’ premiums. The Guaranteed Surrender Value is 20% of total full years’ premiums paid, excluding all extra Premiums less 20% of all returning benefits due as on the surrender date. Cash 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: 70 years.
Premium Payment Term
. Choose premium paying terms of 15, 20 & 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.