IME Bal Kiran Plan is a versatile life insurance policy offering options for regular, single, or limited premium payments. Policyholders receive annual money-back payouts during the policy term, providing financial support for children’s education. Its flexibility and money-back feature make it ideal for individuals seeking financial protection and periodic returns to secure their children’s future.
Key Features

• Minimum Sum Assured: Rs. 100,000
• Maximum Sum Assured: As per Underwriting
• Minimum / Maximum Entry Age (Assured): 0 / 17 Years (Age Last Birthday)
• Minimum / Maximum Entry Age (Proposer): 18 / 60 Years (Age Nearest Birthday)
• Minimum / Maximum Policy Term: 10 / 25 Years
• Minimum / Maximum Maturity Age (Assured): 18/ 32 Years (Age Last Birthday)
• Minimum / Maximum Maturity Age (Proposer): 28 / 70 Years (Age Nearest Birthday)
• Premium Payment Term: Regular, Single and Limited.
• Premium Pay Mode: Single, Yearly, Half-Yearly, and Quarterly
  
  Payment as prescribed table below.

Policy Term Year	Premium Payment Term
10	5,8
15	5,10,12
20	5,10,15
25	5,10,15,20

Risk Commencement Date:
Risk of the Life Assured (Child) will commence either 2 Years after the date of commencement of the policy or upon completion of 6 Years from the date of birth of child whichever takes place later. If the age at entry of the Life Assured (Child) is 15 and above 15 Years, the risk will commence 1 Year after the date of commencement of the policy.
Benefits:

1. On Survival to each policy anniversary on completion of 4 complete years from date of commencement given the policy is Inforce, 4% of Sum Assured is payable annually to the Life Assured. On survival to Maturity, 125% of SA- (U-4) x 4% Of Sum Assured plus Vested bonus will be paid.
   

   Benefits as Percentage of Basic Sum Assured on Survival to (Complete years from Date of Commencement)
   0 to 3	4 to (U*- 1)	At Maturity
   –	4%	[125% – (U – 4) * 4%] + Vested Bonus

   *U = Policy Term

2. In the event of death of Life Assured (Child) before the date of commencement of risk, all the Premium received till date will be paid. The policy will automatically terminate thereafter.
3. In the event of death of Life Assured (Child) during the policy term after the date of commencement of risk, 25% of the Sum Assured plus Vested Bonus (if any) or Total Premium received till date, whichever is higher, will be paid. The policy will automatically terminate thereafter.
4. In the event of death of Life Assured (Child) after the death of Proposer, 25% of Sum Assured plus Vested Bonus (if any) or Total Premium received whichever is higher, will be paid. The policy will automatically terminate thereafter.
5. In the event of the death of both Life Assured (Child) and Proposer at the same time during the policy term, 25% of Sum Assured plus Vested Bonus (if any) will be paid for the death of the Life Assured (Child) and Full Sum Assured will be paid for the death of the Proposer. The policy will automatically terminate thereafter.

Compulsory Benefits:
In the event of Death or Permanent Total Disability of Proposer due to accident or sickness while the policy is active, following benefit will be provided:

1. Premium Waiver Benefit (PWB): All future premiums under the base policy equal to Sum Assured of this rider shall be waived off.
2. Income Benefit (IB): A regular Monthly Income Benefit of 1.0% or 1.5% or 2.0% or 3.0% of Rider Sum Assured of policy taken, and as per choice of Proposer, or Quarterly Income Benefit (QIB) 3.0% or 4.5% or 6.0% or 9.0% of Rider Sum Assured of policy taken, and as per choice of Proposer will be paid every monthly/quarterly anniversary of the rider from the death/disability date of the proposer up to the end of the rider term (Policy Maturity) or the death of the life assured (Child) whichever is earlier.

Optional Rider Benefits:

1. Accidental Death Benefit
2. Lump-Sum Benefit
3. Funeral Expense

Loan Facility: After the policy acquires Surrender Value. Tax Benefits. The benefits and coverage provided under this plan are determined by the terms and conditions outlined in the policy and rider documents. In the event of any dispute arising under this policy, resolution will be in accordance with the provisions of the Insurance Act of 2079.
First Policy Issue Date: 2025-07-17
*Terms and Conditions Apply
NIA Product Code: NIA/LI010/2081/082/CP0012