Child Protection Assurance
If you like to have the assurance and covers the lives either for the child only or together with parents, child protection assurance is the way to work.
Fortunately, if the child and parents together survive the full term policy, the insured amount of money plus accrued bonuses are payable.
Despite if the policyholder dies before the policy completion, the payment of premiums stops and the child will get 100 Rs per thousand insured income in annum until and unless the policy term complete. When the policy finishes the insured figure with huge-ranging bonuses is payable to the child until the death of the policyholder.
When the child dies (Allah forbid) before the maturity of policy or all through the lifetime , due amount as the death claim is payable to the policyholder. Instead, it all depends on the age at death of the child. According to the name of the child protection assurance, this plan is the best fit for those parents who need to handle the future financial needs of dear children.
Further, this plan also has the coverage policy that is easy to attach with supplementary covers. For details about the extra sheets, you click here. Other than this to know about the premium calculation under this plan please click here.
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