• Female child between age 1 to 12 years are eligible.
• Father, mother and if they are not alive, legal guardian can submit proposal on the life of the female child.
• Risk under the policy commences from policy anniversary falling immediately after attainment of age 7 years of the child or 2 years from date of commencement of policy, whichever is later.
• When the child gets married, a free insurance cover extends for the life of husband also.

• On Survival:
  • On surviving premium paying term, full sum assured is paid as survival benefit. The policy continues with risk cover and participates in profit up to age 50 years.
  • On the life assured surviving up to date of maturity only vested bonuses will be payable, the sum assured having already been paid as survival benefit.
  • If the life assured gets married, insurance cover commences for husband. If the husband pre-deceases the life assured during the term of the policy, full sum assured without bonuses is payable. The contract does not come to an end and continues on the life of the woman and participates in the profit.
• On Death:
  • In case the life assured dies before the risk is commenced (i.e. during deferred period), premiums paid are refunded and the contract comes to an end.
  • In case of the death of life assured after the risk commences, but before date of maturity, full sum assured along with vested bonuses are payable.
• Risk on the Life of Husband: On the marriage of the life assured, a free cover extends on the life of the husband also with no additional premium payment. The Risk on husband's life commences from:
  • Policy anniversary falling on or immediately after completion of 20 years of age by the life assured.
  • Three calender months after date of marriage or
  • One calender month after receipt of intimation of marriage with proper evidence, whichever is later.

Restrictions

• Minimum Premium Paying Term : 8
• Maximum Premium Paying Term: 19
• Minimum Sum Assured : Rs.20,000/-
• Maximum Sum Assured : Rs.5,00,000/-
• Maturity age : 50 years
• Premium ceasing at age : 20 years
• No medical exam if the age of the child is less than 10 years.
• Proposals from children who are not attending school even after 5 years of age are not eligible.
• A joint declaration signed by both parents declaring state of health of the child is required to be submitted.
• The period from date of commencement of policy to the date of commencement of risk is known as waiting period. Waiting period in no case will be less than 2 years.
• No Accident Benefits and Extended Permanent Disability Benefit (EPDB) under this plan.
• Permanent Disability Benefit (PDB) only from date of vesting.
• Evidence of marriage :
  • Marriage certificate.

  • Letters from two respectable persons who attended the marriage.