Rahul wants to generate savings for his 3-year-old son’s education when his son turns 21. Rahul chooses the Child Variant with Enhanced Death Benefit option. He pays a one-time premium of INR. 5,00,000. Based on child’s entry age, the Policy Term is 18 years.
Rahul’s son will get the Guaranteed Basic Sum Assured as lump sum at the end of policy term.
In case of unfortunate demise of the policy holder during policy term, a Life cover amount of INR 50,00,000 is paid to the nominee.