Page 25 - Life Insurance Today May 2016

Childsurance Savings
Protection Insurance
Plan

from IDBI Federal Life Insurance Co. Ltd

It is a non-linked participating endowment plan that ensures child's future Why Childsurance Savings
financial needs are fulfilled. Childsurance Savings, is designed to give guaranteed Protection Insurance Plan?
annual payouts and aid the important milestones in the child's life. In the
unfortunate event of one's death, the policy will continue exactly as planned, 1. Guaranteed annual payouts for
without any further premiums being paid. In other words, this plan ensures important milestones
that the child gets to live his/her dream exactly as one had planned.
2. Bonuses to add to your savings

Age at entry - Minimum 18 years 3. Immediate payout of lump sum in
Insured Person (Parent) case of your unfortunate death
Maximum Regular payment option: 40 years
Age at entry - Limited payment option: 50 years 4. Waiver of future premiums
Nominee (Child)
Maturity age Greater than one month and less than 18 years 5. Plan continues and benefits are
(Insured Person) of age paid as planned

Policy term Minimum 28 years 6. Two tax benefits

Premium payment term Maximum Regular payment option: 65 Years 7. Flexibility to plan for your needs
Limited payment option: 75 years
Premium payment 8. Exclusive fund for your loved ones
frequency Minimum 10 years
9. Loan facility
Premium Maximum 25 years
(exclusive of service tax How does Childsurance
and education cess) Regular payment option: Equal to Savings Protection Insur-
policy term ance Plan work?
Maturity Sum Assured Limited payment option: 5 years
less than the policy term If a Policy Term of 10 to 14 years is
chosen, one will receive 3 Guaranteed
Yearly, and monthly by ECS, annual payouts as 20%, 20% and 60%
standing instructions or direct debit of MSA in the corresponding last 3
only years of the policy. If one chooses a
Policy Term of 15 to 25 years, he will
Minimum Yearly: Rs.10,000, Monthly: receive 5 Guaranteed annual payouts
Rs.1,000 Loading factor of 0.09 is in the last 5 years of the policy with
applicable for monthly premium 20% of Maturity Sum Assured each
payment frequency year.

Maximum No limit (subject to underwriting)

Minimum Subject to above minimum
premium

Maximum No limit, subject to underwriting

Our economics are not baseball's economics. Our game is not baseball's game. Our owners are not baseball's owners, with one or two
exceptions. Our union is not baseball's union. What we do has to be crafted and suited to address hockey, to address the NHL, to
address our 30 teams and our 700-plus players.

Life Insurance Today May 2016 25