SuryaJyoti Sunaulo Bhawishya Baal Jeevan Beema

SuryaJyoti Sunaulo Bhawishya Baal Jeevan Beema (Child Endowment Plan) is aimed to protect your child’s future and career. It is important to prepare and arrange funds for a child’s education and other social necessities of life today. SuryaJyoti Sunaulo Bhawishya Baal Jeevan Beema fits your needs if you ensure your child’s life today. You can select the period of the plan to suit the age of the Child at which you want the policy proceeds to be paid.

Plan Features: Criteria

Basic Benefits:

• At the time of Policy Maturity Sum Assured plus bonus will be paid to the Insured (Child).
• In case of death of child before risk commencement, paid premium (except rider premium) will be paid and the policy will be terminated.
• In case of death of child after risk commencement, 25% of Sum Assured or paid premium (except rider premium) whichever is higher will be paid and the policy will be terminated.

• 100% Sum Assured will be paid.
• 1% of Sum Assured will be paid till the policy maturity date as per MIB rider.
• Premium will be waived till the maturity.
• Sum Assured plus bonus will be paid at the time of policy maturity.
• In case of Death of Insured (Child) after proposer’s death, 25% of Sum Assured plus Bonus or paid premium (except rider premium) whichever is higher will be paid and the policy will be terminated.
• In case of death of proposer and Assured at same time, 100% Sum Assured plus bonus will be paid as coverage of proposer and 25% of sum assured will be paid as coverage of insured (Child) and the policy will be terminated.

Optional Benefits:

With the payment of extra premium, the following additional benefits can be added in this policy for insurance coverage of proposer (Child’s Father or Mother) of age 18 to 55 years:

1. Accidental Death Benefit Rider: In the case of Accidental Death of Proposer, an additional amount equal to basic sum assured (maximum up to Rs. 500,000) will be paid to the beneficiary.
2. 18 or 35 Diseases Critical Illness Rider: In case Prosper is diagnosed with mentioned 18 or 35 defined critical illness, a lump-sum amount equal to basic sum assured or maximum up to Rs. 50, 00,000 will be paid.

Benefits and Coverages under this plan shall be based on the Terms and Conditions mentioned in the policy & rider documents and also shall be governed by the regulatory directives.