Guardian Child Protection Plan

Guardian Child Protection Plan is an education plan for your starlet to keep his / her future education miles away from financial hardship. It is the best plan for you, your child and for your family that includes a splendid admixture of benefits that will secure every stage of child’s growth.

Benefit of the Plan

If the guardian [parent] dies while the plan is in force before the maturity of the insurance plan, then the insured child will get the following benefits:

15% of the Sum Assured will be provided to the legal guardian at a time.
1% of the sum assured will be paid to the legal guardian every month as a stipend/scholarship till the maturity of the plan.
All future premiums will be waived.

Full Sum Assured on maturity including accrued bonus/bonus shall be paid to the designated legal guardian.

The duration of the plan at the time of the death of the child	Sum Assured
Up to 06 months	25% of the Sum Assured
More than 06 months but less than 12 months	50% of the Sum Assured
More than 12 months but less than 24 months	75% of the Sum Assured
More than 24 months	100% of the Sum Assured

If both the guardian [parent] and the child survives the maturity of the insurance plan, the entire sum assured will be paid to the guardian along with the accrued bonus/bonus.
If the insured child dies during the period of stipend payment/scholarship, then the stipend/scholarship will cease and the entire Sum Assured will be paid to the nominated legal guardian along with the bonus/gains earned at maturity.
Loan facility: Loans up to maximum 90% of surrender/surrender value can be availed after at least 2 [two] years of installments.
Income Tax Rebate Benefit: 15% tax rebate benefit on the amount paid every year.
Insurance claim money is completely tax free

Plan Features, Terms & Conditions

Term of Insurance Plan:
- Minimum Tenure: 10 years
- Maximum Tenure: 25 years