V Sachithanandan Chief Advisor LIC of India
 
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Date of Withdrawal: 16-Nov-2013
Plan No. 50
  • Children Deferred Assurance (Vesting age 18) is a best plan for child and his/her parent to secure a decent amount at a given age with a comparatively low premium.
  • Option to opt for Premium Waiver Benefit (PWB) i.e. if opted no payment of future premium in case of death of the Proposer
  • Policy vests at the age of 18 (I.e.: life cover on the child and bonus vesting starts)
  • Premium paid are TAX EXEMPTED u/s 80 C & the Maturity amount is TAX FREE u/s 10 (10) (D)
Eligibility Criteria
Min Max.
Age 0 14
Term 11 50
Sum 50,000 No limit
Premium Modes Yly, Hly, Qly, Mly
Yearly Premium for 10,00,000 Sum Assured
Proposer Age is consider 30 years
Age Term/PPT Premium
0 25/25 21655
5 20/20 32391
10 15/15 51303
14 11/11 80262
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