This is a Children's Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations. It can be availed by parents having children aged between 0 to 10 years.

Features
· Parents can propose the child's life.
· Premiums are payable yearly, half-yearly, quarterly, monthly or through Salary deductions, up to the policy anniversary immediately after the life assured (child) attains 18 years of age or till the earlier death of the life assured
· Risk commences after 2 years from the date of commencement of policy or on policy anniversary following completion of 7 years by the child, whichever is later.
· Guaranteed additions @ Rs.75 per Rs.1000 sum assured are payable under the policy. This additions are payable either on death within the term (after commencement of risk) or on child attaining the age of 26 years.
· Loyalty additions are paid either on death or on maturity depending on the performance of the company.
· Proposer can avail insurance cover to the extent of 20% of basic sum assured subject to a maximum of Rs.100,000 by paying additional premium. Father is the proposer. The child's mother, if she has an income of her own, can also propose the policy. If both parents are not alive legal guardian can propose.
· Grand parents, elder sisters and brothers, uncles can gift policy by taking a single premium plan.

Benefits

Survival Benefits
Sum assured is paid in installments at periodic intervals.
20% on policy anniversary after completing age 18.
20% on policy anniversary after completing age 20.
30% on policy anniversary after completing age 22.
30% on policy anniversary after completing age 24.

Death Benefits
· In case of death of life assured before the commencement of risk, the policy is cancelled and premiums paid are refunded.
· After the commencement of risk, if the life assured dies before policy matures, full sum assured plus guaranteed additions are payable without deduction of earlier installment benefits paid.

Maturity benefit
The Guaranteed additions together with Loyalty Additions, is payable in a lump sum on survival to the end of the policy term.

Premium Waiver Benefit (optional)
Premium waiver benefit can be availed by proposer by paying additional premium wherein premiums under the policy stand waived on death of the proposer within the term.

Surrender Value
Surrender value is available on earlier termination of the contract

Guaranteed Surrender Value
The policy may be surrendered after it has been in force for 3 years or more.
Before the date of commencement of the risk, guaranteed surrendered value is 90% of the premiums paid excluding the premiums paid during the first year and any extra premium paid.
After the date of commencement of the risk, guaranteed surrendered value is 90% of the premiums paid excluding the premiums paid during the first year and any extra premium paid plus 30% of the premiums paid after the date of the commencement of the risk.

Eligibility
· Children (both boys and girls) up to 10 years of age only are eligible.
· Minimum sum assured Rs.1 lakh. Maximum sum assured Rs.25 lakhs.
· Maturity Age: 26 Years