Samridhhi Bal Bachat Laghu Jeevan Beema Yojana

Samridhhi Bal Bachat Laghu Jeevan Beema Yojana

Secure your child’s future today!

We have introduced a new child insurance plan called “Samridhhi Bal Bachat Laghu Jeevan Beema Yojana” to provide financial security for both children and their parents (proposers). This plan is designed to help marginalized and underprivileged families with affordable life insurance coverage.

Why is Child Life
Insurance Important?

• Future Security– Helps cover education, marriage,
  and other social expenses.
• Low Premiums– Affordable coverage for both child
  and parent.
• Insurance Protection– Covers death, accidents, and
• Savings– Helps build financial independence.
• Tax Benefits– Eligible for tax exemptions under
  Income Tax Act.
• Guaranteed Bonus– Additional assured amount provided
  by the company.
• Loan Facility– Helps secure loans in the future.

Key Features of the Plan

• Plan Name:Samridhhi Bal Bachat Laghu Jeevan
  Beema Yojana
• Sum Assured:Minimum  50,000 to
  Maximum Rs. 5 lakhs
• Child’s Entry Age:1 month to 17 years
• Proposer’s Entry Age:20 to 55 years
• Child’s Maximum Maturity Age:18 to 25 years
• Proposer’s Maximum Maturity Age:75 years
• Policy Term:5 to 25 years
• Premium Payment Term:Same as policy term or single
• Premium Payment Mode:Yearly, Half-yearly, Quarterly, or

Benefits of This Plan

1. Risk Start Date

• For the proposer, risk coverage starts from the policy issue date.
• For the child, risk coverage starts 6 months after the
  policy issue date.

2. Death Benefits

• If the child dies before risk coverage starts:
• All paid premiums
  (excluding rider premiums) will be refunded to the proposer.
• The policy will be
  canceled.
• If the child dies after risk coverage starts:
• 25% of the sum assured OR total
  premiums paid (excluding riders), whichever is higher, plus any guaranteed
  bonus, will be paid.
• The policy will then be
  canceled.
• If the proposer dies while the policy is active (child
  alive):
• All future child-related
  premiums will be waived.
• 1% of the sum assured per
  month will
  be paid until the policy ends or the child’s death (whichever comes first).
• If the child dies after the proposer’s death:
• Benefits will be paid as
  per conditions (a) and (b) above to the nominee/legal heir.
• If both child and proposer die at the same time:
• 100% of the sum assured + benefits as per
  (a) and (b) will be paid to the nominee/legal heir.

3. Maturity Benefit

• Ifthe child survives till the policy term ends:
• 100% of the sum assured +
  guaranteed bonuswill
  be paid.

4. Surrender Value

• After 3 full yearsof premium payments, the policy can be surrendered for a surrender value.

5. Loan Facility

• After 3 full years, a loan of up to 90% of the surrender valuecan be taken.

6. Guaranteed Bonus

• For policies with 5-14 years term:Rs. 50 per Rs. 1,000 sum assured per year.

• For
  policies with 15-25 years term: Rs. 55 per Rs. 1,000
  sum assured per year.

This plan ensures financial
safety, savings, and protection for your child’s future.