Children’s Money Back PolicyChildren’s Money Back Policy Icon

Children’s Money Back Policy

Parents sacrifice so much to ensure a bright future for their children. Our Children’s Money Back Policy does exactly that by helping parents plan for their child’s rising educational expenses without compromising their own dreams and wishes, as parents often do.

The cherry on the cake of this policy is the Survival Benefits (SBs) provided after the 4th year at regular intervals. These SBs relieve the parents from the financial burden of their child’s increasing school expenses.

BENEFITS
Protection Icon

Protection

Tax Rebate Icon

Tax Rebate

Survival Benefit Icon

Survival Benefit

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Premium waiver upon proposer’s death

SA upon death Icon

SA upon death

Eligibility Default Icon
Eligibility
  • Proposer’s Entry Age: 18 – 50 years
  • Child’s Age: 0 – 10 years
  • Sum Assured: Nu 100, 000 – 1,000,000
  • Term: 12, 15, and 20 years
  • Surrender: Conditions apply
Benefits Default Icon
Benefits
  • Survival Benefits is paid at periodic interval
  • On policy maturity, the remaining balance of the Survival Benefit, along with any Accrued Guaranteed Additions will be paid.
  • On decease of assured, Sum Assured plus Accrued Guaranteed additions is paid, and future premiums is waived
  • 50% Tax Refund
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