Max Life Shiksha Plus Super Plan is a Unit Linked Child Plan designed to take care of the child’s future needs by building a sound corpus through market related returns and also providing life insurance benefits
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
21 years |
50 years |
Maturity Age (Last Birthday) |
- |
65 years |
Policy Term (PT) in years |
10 or 15-25 |
|
Premium Paying Term (PPT) in years |
5 Pay for term 10 yrs. or equal to policy term |
|
Yearly Premium |
5 Pay – 50,000 Regular Pay – 25,000 |
No limit |
Premium Payment Frequency |
Annual, half-yearly, quarterly, monthly |
|
Sum Assured |
10 * Annual Premium |
No limit |
Annual Premium in Rupees and Benefit Illustration for a term and PPT of 20 years
Age (years) |
Premium |
Fund Value@ 4% |
Fund Value @ 8% |
35 |
40,000 |
914,657 |
14,57,423 |
40 |
50,000 |
10,73,186 |
17,24,436 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.