A child's bright future is what the parent direly hope for. Shanta Life's child education security plan is a life insurance designed to help parents save for their child's higher education expenses while providing insurance coverage.
Key Features
- Maturity Value
- Protection in Case of Parents’ Demise During Policy Term
- Coverage in Case of the Child’s Demise During Policy Term
- Maximum of 3% Monthly Stipend for Child
- Grace Period
- Surrender & Policy Loan Facility
- Tax Benefits
Terms
- Age at Entry for Parents: Minimum 21 Years, Maximum 55 Years
- Age at Entry for Child: Minimum 30 Days, Maximum 15 Years
- Age at Maturity for Parents: Maximum 70 Years
- Age at Maturity for Child: Maximum 25 Years
- Policy Term: 10 - 20 Years
- Premium Modes:Yearly/ Half-yearly / Quarterly / Monthly / Single Premium
- Premium Amounts: Determining premiums that match your lifestyle is one of our top priorities