Children Plan – Bimadeals

Company	Min-Max Age	Minimum Premium	Fund Allocation Charges	Death Benefit	Maturity Benefit	Minimum Premium Payment Term	Partial Withdrawal (year)	Surrender Value (year)
Smart Step plus	Life Insured: 21-50 yrs, child: 3 mnths-15 yrs	Rs. 20000	1^st yr: 26%-30% 2^nd yr onwards: 2%	100% of sum assured. Company will pay all future premiums at one time. Family income benefit rider ensures a regular income every year (5% of sum assured).	Accumulated amount till maturity date.	3 yrs	After completion of 5 yr	100% value after 10^th yr
Smart Kid Maxima	Life Insured: 20-60 yrs, child: 0-15 yrs	Rs. 12000	1^st yr: 15% 2^nd yr: 10% 3^rd yr: 8% 4^th yr to 5 ^th yr: 6% 6^th yr onwards: 4%	100% of sum assured. Company will pay all future premiums.	Accumulated amount till maturity date. After completion of 10yrs, every 6th yr yours Accumulated value will be added with 60% of total premium paid.	3 or 5 yrs	After completion of 5 yr	100% value after 5^th yr
Headstart Future Protect	Life Insured: 18-60 yrs, child: 0-17 yrs	Rs. 15000	1^st yr: 18%-30% 2^nd yr: 6%-14% 3^rd yr: 4%-7% 4^th yr onwards: 0%	100% of sum assured. Company will pay all future premiums at one time.	Accumulated amount till maturity date.	3 or 5 yrs	After completion of 5 yr	100% value after 5^th yr
Saral Children Plan	Life Insured: 18-50 yrs, child: 30 days-13 yrs	Rs. 10000	1^st yr to 3^rd yr: 17% 4^th yr onwards: 4%	100% of sum assured. Company will pay all future premiums at one time. Riders are also available with this.	Accumulated amount till maturity date with guaranteed benefits.	10 yrs	After completion of 3 yr	100% value after 3^rd yr
Children Fortune Plus	Life Insured: 18-55 yrs, child: 0-17 yrs	Rs. 10000	1^st yr: 29% 2^nd yr to 3^rd yr: 5% 4^th yr onwards: 2.5% 8^th yr onwards: 1%	100% of sum assured. Company will pay all future premiums as a lump sum in one stroke. Riders are also available.	Accumulated amount till maturity date with guaranteed benefits	3 yrs	After completion of 3 yr	100% value after 3^rd yr
Unit plus Child Plan	Life Insured: 18-57 yrs, child: 0-15 yrs	Rs. 10000	1^st yr: 15%-18% 2^nd yr to 3^rd yr: 5% 4^th yr to 7^th yr: 2% 8^th yr onwards: 1%	100% of sum assured. Company will pay all future premiums. Riders are also available.	Accumulated amount till maturity date.	3 yrs	After completion of 3 yr	100% value after 3^rd yr
Young Scholar	Life Insured: 18-50 yrs, child: 0-17 yrs	Rs. 18000	1^styr: 25% 2^nd yr: 10% 3^rd yr: 5% 4^th yr onwards: 1%	100% of sum assured.Company will pay all future premium as lump sum.	Accumulated Value as per NAV at maturity time with loyalty additional bonus	3 or 5 yrs	After completion of 3 yr	100% value after 8^th yr

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.

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Children Plan Comparison Chart