IME Bal Umanga
The IME Bal Umanga Plan caters to children’s needs like education and marriage through Survival Benefits. It’s ideal for undergraduate education needs. Survival benefits are paid in five installments, starting four years before maturity, with each installment being 20% of the Sum Assured plus a bonus. The plan also provides a death benefit for beneficiaries.
Key Features
Risk Commencement Date:
The 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 beyond 15 years, the risk commencement date will be 1 year after the date of commencement of the policy.
Benefits
| Survival to | Benefit Payable |
| 4th Anniversary prior to Date of Maturity | 20% of Sum Assured |
| 3rd Anniversary prior to Date of Maturity | 20% of Sum Assured |
| 2nd Anniversary prior to Date of Maturity | 20% of Sum Assured |
| 1st Anniversary prior to Date of Maturity | 20% of Sum Assured |
| On Date of Maturity | 20% of Sum Assured plus Vested Bonus |
Additional Benefits (Compulsory Riders Benefits):
On death or Total Permanent Disability of Proposer due to accident or sickness while the policy is active, following benefit will be provided:
Optional Rider Benefits:
Loan Facility: After the policy acquires Surrender Value.
Tax Benefits.
*Terms and Conditions Apply
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: 2017-11-16
Last updated on: 2024-12-20 @ 11:27 बिहान
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