Reliable Sarba-Sulav Bal Jeevan Beema

Reliable Sarba Sulav Bal Jeevan Bima is with profits, endowment assurance plan designed for a child. Secure Their Future with Confidence

Every child deserves a bright tomorrow, and as a parent, you play a crucial role in shaping it. Our Reliable Sarba-Sulav Bal Jeevan Beema is designed to provide a financial safety net that grows with your child, ensuring they have the resources to achieve their dreams, no matter what life brings.

Why Choose a Child Endowment Plan?

• Guaranteed Savings: Build a robust financial corpus for your child’s education, marriage, or other milestones.
• Life Cover: Provide comprehensive protection to secure your child’s future, even in your absence.
• Flexible Benefits: Customize premium payments and policy terms to suit your needs.
• Peace of Mind: Plan ahead for your child’s aspirations with the assurance of a reliable partner.
• Of course, risk of proposer is also covered in this child plan.

Let us help you pave the way for a future filled with opportunities for your child. Invest in their dreams today!

General Requirement:

Sum Assured: Ranges from Rs. 25,000 to Rs. 1 crore.

Child’s Entry Age (last birthday): 31 days to 17 years.

Proposer’s Entry Age (last birthday): 21 years to 65 years.

Policy Term: 5 to 25 years.

Child’s Maturity Age (last birthday): 18 to 25 years.

Proposer’s Maturity Age (last birthday): 26 to 70 years.

Premium Payment Modes:

1. Monthly
2. Quarterly
3. Half-yearly
4. Yearly
5. Single Premium

Premium Payment Terms:

1. Regular Pay: Matches the policy term.
2. Single Pay: Single premium payment.
3. Limited Pay:
Policy Term: 25 years → Payment Term: 20, 15, or 10 years.
Policy Term: 20 years → Payment Term: 15, 10, or 5 years.
Policy Term: 15 years → Payment Term: 10 or 5 years.
Policy Term: 10 years → Payment Term: 5 years.

Payment Mode Rebate / Loading:

1. Single: No rebate.
2. Yearly: No rebate.
3. Half-yearly: 1.00% loading.
4. Quarterly: 2.00% loading.
5. Monthly: 2.50% loading.

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Benefits Offered:

Death of Child During Policy Term:

1. Before Risk Commencement:
   • Return of premiums paid.
   • Risk commencement begins after two policy years from the date of policy initiation.
2. After Risk Commencement:
   • 25% of the basic sum assured plus accrued bonuses, or a refund of the premiums paid (whichever is higher).
   • Policy terminates thereafter.

Survival of Child till Policy End:

• Basic sum assured plus bonuses will be paid.

Death of Proposer During Policy Term:

1. Premium Waiver Benefit: All future premiums are waived.
2. Monthly Income Benefit: A monthly income equivalent to 1% of the basic sum assured will be paid in arrears until the policy term ends or the child dies (whichever occurs first).

Death of Both Proposer and Child During the Policy Term:

1. Before Risk Commencement:
   • Basic sum assured for proposer’s death, and a refund of premiums for the child’s death.
2. After Risk Commencement:
   • Basic sum assured for the proposer’s death, 25% of the basic sum assured for the child’s death and bonus.

Rider Benefits Available on the life of Proposer:

1. Accidental Additional Death Benefit (ADB):
   • The Accidental Death Benefit (ADB) is an optional add-on to a life insurance policy that provides additional financial protection in case the insured dies due to an accident. It offeres enhanced security for their financial future.
2. Total Permanent Disability Benefit (TPD):
   • The Total Permanent Disability (TPD) Benefit is an optional add-on to a life insurance policy that provides financial assistance if the policyholder becomes totally and permanently disabled due to an accident or illness. This rider ensures continued financial security in scenarios where the insured is unable to work or earn a living due to their disability.
3. Partial Permanent Disability Benefit (PDB):
   • The Partial Disability Benefit Rider in a life insurance plan is an optional add-on that provides financial support if the insured suffers a partial disability due to an injury. This rider helps ensure that the policyholder receives compensation to manage the financial impact of reduced earning capacity or increased medical expenses during recovery.

Exclusions (Risks Not Covered in the Policy):
If the cause of death of the insured or proposer is directly or indirectly related to any of the following, the policy does not provide coverage and the amount payable under the policy will be limited to the surrender value (if any) and not the sum assured

• If the insured or proposer flies in an aircraft other than a commercial flight operating in compliance with existing laws.
• Involvement in war (whether declared or undeclared).
• Death due to suicide, whether resulting from a psychological disorder or not, within two years from the inception of the policy or revival of the policy.

However, this policy does not restrict the insured from residing abroad, traveling internationally, or being employed in a foreign country.