This is one such insurance plan from ING Vysya Life Insurance that has been introduced to offer protection and security to the future of a child. Therefore this policy is helping the children to chase their goal.
This is one such child insurance plan that has been confirmed perfect for the young children. This policy takes care of future of the child and even after the death of their parents. The premium for this policy is very reasonable thereby enabling the people from the lower income group to have this policy for making the future of their child safe and secure.
Some of the key benefits of Creating Life Child Protection Plan policy of ING Vysya Life Insurance are as follows:
- In this policy the sum assured is paid to the child if the parents of the child expire before the maturity of the policy. After the policy maturity, the sum assured is given to the child.
- In case of death of the parents before the maturity of the policy then the premiums for the future are waived off.
- This is one such child plan that has reversionary bonus benefit.
The important features of this very insurance policy are as follows:
- The minimum and the maximum age limit for subscribing to this policy is 18 and 55 years respectively.
- The maximum age limit of the insured concerning the maturity of the policy is 65 years. This means that the insured should not be additional then 65 years of age at the maturity of the policy.
- One of the striking features of each ING Vysya Life Insurance is the flexibility regarding the term for the payment of premium. In this case the term is from 10 to 25 years.
Further options are provided regarding the payment of premium. In this policy the insured can choose either monthly, quarterly, half-yearly or yearly payment options. This further adds flexibility in this policy.
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