In future for fulfill all desire and to achieve their goal, money should be very important thing for your child’s future. What you want for your child’ future, education and career are two most important fear. Here is a policy that will help take care of them both.
IG Life Assure Career Builder
With the help of Assure Career Builder your child will get financial support at the time of important junctures in their life.
Key Feature:
This insurance policy provides money at the different stages of your chids’s life as shown below:
When your child will be 18 year and he is ready for collage, he will be get 20% of the sum assured.
When your child will be 21 year and he is ready for post graduation, he will be get 20% of the sum assured.
When your child wants to go for specialist in any field at his 24th birthday, he will get 20% of the sum assured.
When your child decided to settle his career at his 27th birthday, he will get 40% of the sum assured.
In this policy full payment of the sum assured will be not affect by the periodical payments, in the case of insured’s death.
At the time of maturity or death you will get a guaranteed addition of 10% of sum assured. (policy must be in force for a minimum 10 years.)
Eligibility:
Minimum age should be 0 year and maximum age should be 15 years. The policy mature at the policy anniversary following your child’s talent of age 27 years.
Bonus:
Reversionary Bonus: On the policy anniversary, a compound reversionary bonus will be certified in your account, as approved by the company.
Terminal Bonus: If the policy is in force for over 10 years, terminal bonus will be payable upon death or maturity.
Above bonuses are subject to company’s presentation and not sure.
Extra Protection:
The pay our benefit rider can be include in this plan at a small premium payments, which waives all future payments for this policy in case of unfortunate death or disability.
Tax Benefit:
Under this policy you will get tax benefit under section 80c.
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Tags: insurance policy