Advantages

• This plan gives you regular Loyalty Units to boost your fund value every year. At the end of every policy year, we will increase the number of units (Loyalty Units) in each of your funds by 0.10% as long as your policy is in force (premium paying or paid up). The compounding effect of these regular additions is expected to boost your final maturity value
• You can customise the ideal plan for your child by choosing the premium you wish to invest along with the Sum Assured, depending on the level of protection required
• The Triple Benefit payment preference helps you secure your child’s immediate and future needs. In case of your unfortunate demise or critical illness, we will pay the Sum Assured to your child (Beneficiary). Your family need not pay any further premiums. We will pay 50% of all the future premiums at the original level towards your policy and 50% of the premiums will be paid to the Beneficiary as and when due, on an annual basis. Any Death Benefit or Critical Illness cover terminates immediately
• In the long term, the key to building great maturity values is a low Fund Management Charge (FMC). We have a low FMC of only 1.25% per annum (of the fund’s value)
• You can choose to pay your premium as either Annually, Half-Yearly or Monthly depending on your convenience. You also have a range of convenient auto premium payment options
• You can change your investment fund choices in two ways:
  • Switching: You can move your accumulated funds from one fund to another anytime
  • Premium Redirection: You can pay your future premiums into a different selection of funds, as per your need
• Tax benefits are offered under section 80C and 10(10D) of the Income Tax Act, 1961