insurance_plan

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			Reliance Child Plan
		
			A non-linked, participating, non-variable, child insurance plan
		
			&nbsp;
		
			The most exciting experience is when your child takes his first step, but you also worry if he would fall. Reliance Child Plan is tailor-made for parents like you, to see your child grow up to achieve all that you dreamt for him, irrespective of life&rsquo;s uncertainties. The plan ensures your child receives the Guaranteed Benefits at key milestones of their life, even in your absence, without the worry of paying future premiums.
		
			&nbsp;
		
			With Reliance Child Plan
		
			1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Protect your child&rsquo;s future, come what may
		
			2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fund your child&rsquo;s higher education
		
			3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gift your child a grand wedding
		
			4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Support your child in setting up his/her own business
		
			5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Focus on your child&rsquo;s development, free from financial worries
		
			&nbsp;
		
			Key Benefits
		
			Guaranteed PerIodIc BenefIts
		
			Receive Guaranteed Benefits, irrespective of survival of the Life Assured,
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Get 25% of Sum Assured on each of the last 3 policy anniversaries before maturity
		
			&nbsp;
		
			Tax BenefIts
		
			Get tax benefit on investment and on returns, as per the applicable Income tax laws.
		
			&nbsp;
		
			ProtectIon MaturIty BenefIt for your family
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Get life cover for the entire policy term
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All future premiums are waived and Guaranteed Periodic Benefit along with Guaranteed Sum Assured at Maturity continue for your family
		
			&nbsp;
		
			MaturIty BenefIt
		
			At maturity of the policy, get
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guaranteed Sum Assured at maturity: 25% of Sum Assured*
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vested bonuses, which accrue every year
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-Negative Capital Guarantee, If any
		
			&nbsp;
		
			FlexIbIlIty
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Choose your Policy term: 10 to 20 years
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Premium payment mode: Yearly, Half-yearly, Quarterly or Monthly
		
			&nbsp;
		
			*Sum Assured is equal to Base Sum Assured plus High Sum Assured Addition Benefit, if any
		
			&nbsp;
		
			Reliance Child Plan at a Glance
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							Parameters
					</td>
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							Minimum
					</td>
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							Maximum
						
							&nbsp;
					</td>
				</tr>
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							Age at Entry (Years)
					</td>
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							20 (last birthday)
					</td>
					<td style="width:205px;">
						
							60 (last birthday)
						
							&nbsp;
					</td>
				</tr>
				<tr>
					<td style="width:205px;">
						
							Age at Maturity (Years)
					</td>
					<td style="width:205px;">
						
							30 (last birthday)
					</td>
					<td style="width:205px;">
						
							70 (last birthday)
						
							&nbsp;
					</td>
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							Sum Assured (`)
					</td>
					<td style="width:205px;">
						
							25,000
					</td>
					<td style="width:205px;">
						
							No Limit subject to Company&rsquo;s
						
							Board approved underwriting policy
						
							&nbsp;
						
							&nbsp;
					</td>
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							Policy Term (Years)
					</td>
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							10
					</td>
					<td style="width:205px;">
						
							20
						
							&nbsp;
					</td>
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							Premium Payment Term (Years)
					</td>
					<td colspan="2" style="width:411px;">
						
							Equal to policy term
						
							&nbsp;
					</td>
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							Premium Payment Frequency
					</td>
					<td colspan="2" style="width:411px;">
						
							Yearly, Half-yearly, Quarterly and Monthly
						
							&nbsp;
					</td>
				</tr>
			</tbody>
		</table>
		
			&nbsp;
		
			&nbsp;
		
			Benefits in detail
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guaranteed Periodic Benefit
		
			&nbsp;Guaranteed Periodic benefit 25% of (Base Sum Assured plus High Sum Assured Addition Benefit, if any) will be paid on each of the last 3 policy anniversaries before Maturity, irrespective of the survival of the Life Assured.
		
			o&nbsp;&nbsp; High Sum Assured Addition benefit
		
			&nbsp;High Sum Assured Addition = High Sum Assured Addition Percentage x Sum Assured
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							Sum Assured
					</td>
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							High Sum Assured Addition Percentage (%)
					</td>
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							Less than &nbsp;2.5 lakh
					</td>
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							Nil
					</td>
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							2.5 lakh and above but less than 5 lakh
					</td>
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							0.2%
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							5 lakh and above
					</td>
					<td style="width:278px;">
						
							0.3%
					</td>
				</tr>
			</tbody>
		</table>
		
			&nbsp;
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Maturity Benefit
		
			&nbsp;Guaranteed Sum Assured on maturity 25% of (Base Sum Assured plus High Sum Assured Addition benefit, if any) plus Vested Bonuses and Non-Negative Capital Guarantee addition, if any, will be paid.
		
			o&nbsp;&nbsp; Bonuses
		
			&nbsp;The policy participates in the Company&rsquo;s profits by way of simple reversionary bonuses that are usually declared by the Company at the end of every financial year. The amount of reversionary bonus is added to your Policy benefit as a proportion of the Sum Assured, provided the policy is in force. The reversionary bonus for a year, once declared and credited to your Policy, becomes a Guaranteed Benefit.
		
			o&nbsp;&nbsp; Non-Negative Capital Guarantee
		
			&nbsp;Return of premium is guaranteed under the plan. In case the sum of all benefits (Periodic Lump Sum benefit, Guaranteed Sum Assured at maturity, Vested Bonuses and Death Claim, if any) is smaller than the 100.1% of total premiums paid, the deficit will be paid.
		
			For the purpose of this provision, the total premiums paid in a year with respect to the Base Sum Assured chosen by the policyholder, excluding the underwriting extra premiums and frequency loadings for premiums, if any.
		
			&nbsp;
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Death Benefit
		
			Your nominee shall receive the death benefit amount provided the policy is in force, as mentioned below.
		
			&nbsp;Death benefit is Maximum of:
		
			&nbsp;*Minimum Sum Assured on death plus Vested Bonuses
		
			&nbsp;OR
		
			&nbsp;105% of all the premiums paid, excluding the underwriting extra premiums as on date of death
		
			&nbsp;
		
			* Minimum Sum Assured on death is highest of, If age at entry is lower than 45 then 10 times otherwise 7 times of the Annualised Premium
		
			OR
		
			Base Sum Assured plus High Sum Assured addition, if any.
		
			OR
		
			#Guaranteed Sum Assured at Maturity
		
			# Guaranteed Sum Assured at Maturity 25% of (Base Sum Assured plus High Sum Assured Addition benefit, if any)
		
			&nbsp;
		
			&middot;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Waiver of Premium Benefit
		
			In the event of unfortunate demise of Life Assured, child&rsquo;s future is completely protected. The Company waives the entire future premiums and the Guaranteed Periodic Benefit and Maturity Benefit will continue. After death of policyholder, bonus will not accrue under the policy.
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