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HDFC LIFE CHILDREN FUTURE PLANNING
 
ICICI LIFE CHILDREN FUTURE PLANNING
 
TATA AIG LIFE HILDREN FUTURE PLANNING
 
KOTAK LIFE CHILDREN FUTURE PLANNING
 
SBI LIFE CHILDREN FUTURE PLANNING
 
  ICICI LIFE
 
SCHEMES
INVESTMENT OBJECTIVES
 
Smart Kid regular premium

Death Benefit: You can choose your Sum Assured subject to a minimum premium of Rs. 8,400 per annum. In the event of an unfortunate death, the beneficiary will receive the Sum Assured and the policy benefits continue as planned by the parent.

 

Money at important stages of education: This policy has 2 payout options. In the first option, the money is paid out at important stages of the child's education. Under the second option, the money is paid out during the last 5 years of the policy.

 
Total Premium Waiver: In case of unfortunate death of the parent, all future premiums are waived off & paid by the company, thereby ensuring that the fund accumulation for the child's education continues as planned by the parent.
 

Development Allowance: In case you opt for the Income Benefit Rider, the beneficiary (child) would receive 10% of the Rider Sum Assured every year upto maturity, in case of unfortunate death of the parent.

 
SmartKid New Unit-linked Regular Premium

Death Benefit: In the event of an unfortunate death, the beneficiary will receive the Sum Assured and the policy benefits continue as planned by the parent.

 

Money at important stages of education: In order to meet the cost of child's education at important stages, one can make 5 partial withdrawals over the term of the policy, from the accumulated fund value after completion of 5 policy years.

 

Flexibility: Choose from four fund options, based on your investment objective and risk appetite. If at a later stage your financial priorities change, you can switch between the various fund options, absolutely free, 4 times a year.

 

Total Premium Waiver: In case of unfortunate death of the parent, all future premiums are waived off & paid by the company, thereby ensuring that the fund accumulation for the child's education continues as planned by the parent.

 

Development Allowance: In case you opt for the Income Benefit Rider, the beneficiary (child) would receive 10% of the Rider Sum Assured every year upto maturity, in case of unfortunate death of the parent.

 

SmartKid New Unit-linked Single Premium

Death Benefit: The Sum Assured under this plan is 5 times the single premium amount. In the event of an unfortunate death, the beneficiary will receive the Sum Assured and the policy benefits continue as planned by the parent.

 

Money at important stages of education: In order to meet the cost of child's education at important stages, one can make 5 partial withdrawals over the term of the policy, from the accumulated fund value after completion of 5 policy years.

 

Low Allocation Charges: The premium allocation charges are quite low. Allocation charge for single Premium amount of Rs 500,000 or more is 2%.

 

Flexibility: Choose from four fund options, based on your investment objective and risk appetite. If at a later stage your financial priorities change, you can switch between the various fund options, absolutely free, 4 times a year.

 

Development Allowance: In case you opt for the Income Benefit Rider, the beneficiary (child) would receive 10% of the Rider Sum Assured every year upto maturity, in case of unfortunate death of the parent.

 
 
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