Reliance Child is a traditional participating child plan which guarantees child’s future even if the parent is not around.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
20 years |
60 years |
Maturity Age (Last Birthday) |
30 years |
70 years |
Policy Term (PT) in years |
10 |
20 |
Premium Paying Term (PPT) in years |
Equal to policy term |
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly |
|
Yearly Premium |
Depends on Sum Assured |
|
Sum Assured |
25,000 |
No limit |
Benefit Illustration for a 35 year male:
Premium |
SA |
Guaranteed Benefit before maturity |
Guaranteed benefit after maturity |
Vested bonus |
|
@ 4% |
@ 8% |
||||
30,000 |
405,405 |
304,682 |
101,554 |
97,297 |
194,594 |
The Policyholder has to submit a duly filled Application form / Proposal form with correct medical history and his address proof along with necessary KYC documents. In some cases, medical examination might also be required, based on the policyholder’s age and the sum assured required by him.
You may also like to read: Reliance Life Child Insurance Plans |