Question 1

Who is the life assured?

Accepted Answer

The child. You, the parent or guardian, pay the premiums.

Question 2

What are guaranteed additions?

Accepted Answer

A fixed amount, ₹80 for every ₹1,000 of basic sum assured, added at the end of each policy year while the policy is in force. They are paid at maturity along with the sum assured.

Question 3

When does the plan mature?

Accepted Answer

When your child reaches the maturity age, between 18 and 25. The term is set so that this falls in the year you need the money.

Question 4

Can I start the plan for a teenager?

Accepted Answer

Yes, up to age 13 at entry. The term must be long enough for the child to reach a maturity age of at least 18.

Question 5

Can the money be paid in parts?

Accepted Answer

Yes. Choose instalments over 5, 10 or 15 years to cover costs such as annual college fees.