Kotak Life- Child Advantage Plan

Kotak Child Advantage Plan is made specifically for children to help them materialize their future plans and dreams. This is a participating policy. Plan is very useful if your child is below the age of 17 years so that you can start arranging funds for his future requirements. This plan also gives your child financial security in case of any unfortunate situation.

Benefites :
1) You receive on maturity, the basic sum assured or the accumulation account amount whichever is higher.
2) There is an Automatic Cover Maintenance facility which makes sure your policy is in force in case you miss payments.
3) You have an option of paying premiums quarterly, half yearly or yearly.
4) After completing 3 years of the policy you get a benefit of taking a loan against the policy.
5) Tax benefit under section 80C , 10 (10 D) of the Income tax Act is applicable.
6) You also get a maturity benefit, preferred term benefit & death benefit added to the policy.

The table below shows different premium option at the time of maturity.

Eligibility :

Child Age25	Minimum	Maximum age
Child Age	0 years	17 years
Policy Term	10	30
Maximum Sum Assured	Rs 25,00,000