This plan, an initiative led by Anil Ambani, can be availed for policy terms from 9 to 20 years. The payment periods range from five years, seven years, ten years and for the entire term as well. Children can avail this plan right at the time of their birth (by parents), till 18 years of age. Parents aged between 20 to 50 years with children below the age of 18 can enjoy the benefits of the plan.
The plan also provides the privilege of death benefit payouts, in an unfortunate event of the child's death. The full amount is payable on death of the child in question or 50% amount will be paid followed by an annual payment for ten years. It guarantees the payment of the maturity amount without any further premium payment, if it needs be. One can choose the options at the time he is availing the plan.
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