Alok Krishan Agarwal (Wealth Manager)
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Date of Withdrawal: 16-Nov-2013
Plan No. 50
Children Deferred Assurance (Vesting age 18)
is a best plan for child and his/her parent to secure a decent amount at a given age with a comparatively low premium.
Option to opt for
Premium Waiver Benefit (PWB)
i.e. if opted no payment of future premium in case of death of the Proposer
Policy vests at the age of 18 (I.e.: life cover on the child and bonus vesting starts)
Premium paid are
TAX EXEMPTED
u/s 80 C & the Maturity amount is TAX FREE u/s 10 (10) (D)
Eligibility Criteria
Min
Max.
Age
0
14
Term
11
50
Sum
50,000
No limit
Premium Modes
Yly, Hly, Qly, Mly
Yearly Premium for 10,00,000 Sum Assured
Proposer Age is consider 30 years
Age
Term/PPT
Premium
0
25/25
21655
5
20/20
32391
10
15/15
51303
14
11/11
80262
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