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A Policy holder of WLA or EA in PLI/RPLI shall be eligible for taking such Policy for his/her child/children against his/her policy. |
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Minimum Age-5 Years. |
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Maximum Age- 20 Years |
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(The age of main policy holders should be below 45 years.) |
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Sum Assured limit Minimum- Rs. 20,000/- Maximum- Rs. 1,00,000/-. However, the Sum Assured of Children policy should not exceed the Sum Assured of the main policy. |
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Insurance Cover starts from Date of acceptance of the proposal or payment of the Ist premia in full, which ever is later. |
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A non-medical policy with full benefits. |
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Assignment/Nomination facility available, as per POIF Rules. |
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No loan facility against this policy, but can be made paid up in usual conditions to main policy provided atleast 5 Years premia have been paid. |
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Sum Assured alongwith accrued bonus shall be payable on maturity or earliesr on death of the child/children. |
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In even of death of main policy holder before the expiry of the Children Policy- no further premia shall be payable for the remaining term of the policy. |