Bal Bhabisya Jeevan Beema Yojana

This is endowment with profit plan, specifically designed to help parents in making provision of funds required for meeting expenses for higher education and marriage of children. Under this plan, risk of parents as well as child will be covered as proposer and assured respectively.

This is endowment policy with profit plan. It is specifically designed to help parents in making provision of funds required for meeting expenses for higher education and marriage of children. Under this plan, risk of parents as well as child will be covered as proposer and assured respectively.

Features

Assured	Child
Proposer	Father/Mother
Minimum Sum Assured	Rs.50,000 /-
Maximum Sum Assured	Rs.50,00,000 /-
Minimum Policy Term	10 Years
Maximum Policy Term	25 Years
Child Entry age	0 to 15 years
Minimum Maturity Age for child	16 Years
Parent’s Age	21 to 55 Years
Maximum Maturity Age of Parents	70 Years
Maximum Maturity Age for child	25 Years

Child Risk Commencement Date

Payment of 2 Years premium or policy anniversary following completion of six years of age next birthday, whichever
is later.

Survival Benefit (Child)

Full sum assured plus vested bonus will be paid.

Death Benefit

Death of Assured (Child) during the term of Policy:
1. Before Commencement of Risk:
  Return of Premium (excluding extra premium for riders) along with 3% of interest rate will be paid to
  nominee.
2. After Commencement of Risk:
  Full Sum Assured plus Vested Bonuses will be paid to nominee.
3. After Commencement of Risk:
  Full Sum Assured plus Vested Bonuses will be paid to nominee.

Coverage of Parents

On Death of Parent
1. A lump sum amount equal to Sum Assured, but not exceeding Rs.10,00,000 will be paid on death of parent.
2. Future premiums payable will be waived off.
3. Monthly Income Benefit of 1%, 1.5%, 2% or 3% of Sum Assured, as per choice of Life Assured, is paid
  monthly until the maturity of Policy. If Sum Assured is more than Rs. 5,00,000 then MIB of 1% of Sum
  Assured is paid until maturity of the Policy.
4. An additional amount of 25% of Sum Assured or maximum Rs. 50,000 will be paid on death of Life Assured
  as Funeral Expense for small additional premium.
On Permanent Total Disability (PTD) due to Accident:
1. A lump sum amount equal to Sum Assured, but not exceeding Rs. 10, 00,000, will be paid on PTD of parent
  due to Accident.
2. Future premiums payable will be waived off.

Riders Benefit:

Monthly Income Benefit Rider:
On Permanent Total Disability (PTD) or Death of Proposer, Monthly Income Benefit (MIB) of 1%, 1.5%, 2% or 3% of Sum Assured, as per choice of Life Assured, will be paid monthly until the maturity of Policy. If Sum Assured is more than Rs. 5,00,000 then MIB of 1% of Sum Assured will be paid monthly until maturity of the Policy.
Funeral Expenses Rider:
On death of Proposer, 25% of Sum Assured or maximum Rs. 50,000 will be paid to Life Assured for small additional premium.