Exide Life New Creating Life Insurance Plan is a traditional child plan designed to protect the child’s future against any eventualities by creating a strong corpus for future requirements
|
Minimum |
Maximum |
Entry Age of Parent (Last Birthday) |
18 years |
45 years |
Entry age of Child (last Birthday) |
0 year |
17 years |
Maturity Age (Last Birthday) |
- |
60 years |
Policy Term (PT) in years |
15 |
25 |
Premium Paying Term (PPT) in years |
Equal to policy term |
|
Premium Paying Frequency |
Annual, monthly |
|
Yearly Premium |
12,000 |
No limit |
Sum Assured |
113,766 |
No limit |
Annual premium in Rupees and Benefit Illustration
Age |
Premium |
SA |
Term |
Maturity Value @ 4% |
Maturity Value @ 8% |
35 yrs. |
24,000 |
264,223 |
15 yrs. |
373,214 |
480,885 |
35 yrs. |
24,000 |
365,132 |
20 yrs. |
565,954 |
774,079 |
35 yrs. |
24,000 |
479,085 |
25 yrs. |
808,456 |
11,59,386 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.