CHILDREN PLAN COMPARISION

Features ICICI Smart Kid Anticipated Endowment Matures between 22-25 years of the childs age. Term is 10-25 years HDFC Children's Plan Endowment 10-25 year LIC Komal Jeevan Anticipated Endowment Premium to be paid till the child attains age 18. Max. Term- 26 yrs Max New York Stepping Stone Anticipated Endowment 11-26 years Bajaj Allianz Child Gain Anticipated Endowment Child Gain 21 and Child Gain 21Plus - Max. Term- 21 yrs less current age at entry of child Child Gain 24 and Child Gain 24 Plus - Max. Term- 24 yrs less current age at entry of child 0 - 13 years

Plan Type Min / Max Term child

Min / Max Age of Child Min / Max Age of Parent Payment Modes Life Assured Beneficiar y Benefit Structure

0-12 years

N.A.

0 - 10 years

N.A.

20-60 years

18-60 years

N.A.

21-60 years

20-50 years

Regular

Regular Parent

Regular, Single Child Child Monies paid as per attained age: 18 yrs-20% of S.A, 20 yrs20% of SA, 22yrs-30% of SA, 24yrs30% of SA & 26 yrs- Bonus for entire Term + Loyalty Additions, if any

Regular Parent Child / Family 5 years before maturity - 30% of SA 2 years before maturity 35% of SA At maturity 35% of SA + 30% guaranteed addition + nonguaranteed bonus, if any

Regular Child Child / Family Child Gain 21 and Child Gain 21Plus - 18 yrs20% of S.A+ accrued bonuses, 19 yrs-25% of SA, 20yrs-25% of SA, 21yrs-35% of SA Child Gain 24 and Child Gain 24 Plus 18 yrs-25% of S.A+ accrued bonuses, 20 yrs-25% of SA, 22yrs-25% of SA, 24yrs40% of SA

Child Two Structures 1. When the child reaches his critical milestones (Xth, XIIth, Graduation, and Post Grad); % of S A is paid 2. Last 4 years before maturity; % of SA is paid over consecutive yrs SA paid up front. Child gets the guaranteed payments as chosen earlier

Child / Family Sum Assured + bonuses paid on maturity in lump sum

On Death of parent

1) Maturity Benefit Plan: future premiums are waived; maturity benefits are paid like normal on maturity

All Future Premiums Waived off. Child gets the guaranteed payments as per Structure + bonus paid at the end of the policy

In case of death of the life insured, an amount equal to sum assured is paid immediately, all future premiums are waived off and all pending survival benefits remain

In case of death of the parent, all future premiums are waived off and all pending survival benefits remain unaffected. Also, a monthly income benefit @1% of SA subject to max. of Rs.10,000/- p.m. is paid. In case of Child

term. 2)Accelerat ed Benefit Plan: Sum assured + bonuses paid to beneficiary on death & contract terminates 3)Double Benefit Plan: Sum assured paid immediately on death; future premiums are waived; maturity benefits are paid like normal on maturity Policy continues *In case premium waiver benefit rider is taken

unaffected, including maturity bonuses

Gain 21 Plus and Child Gain 24 Plus, an additional SA max upto Rs.10 lacs is payable i.e. Start of Life Benefit on death of parent

On Death of child

Policy continues as it is. It can be nominated to another child in that case also 3.5% of SA compunded annually for the first 4 years, annual bonuses declared thereafter ADBR/IBR

Bonus & Additions

Bonuses declared by company

Riders Available

None

On death after commenceme nt of risk , Sum Assured + Bonus till Date is paid & Plan Closes Guaranteed @ 7.5% of SA - simple interest. Paid on Child attaining age 26. Loyalty Additions, if any. Accident Cover, Premium Waiver Benefit

Policy continues as it is. It can be nominated to another child in that case also

On death after commencement of risk , Sum Assured + Accured Bonus till Date is paid & Plan Closes

Guaranteed 30% os sum assures, along with nonguaranteed bonuses as declared by the company from time to time ADB, CI, Term, Term R&C, WOP

Bonuses declared by company is paid on child attaining 18 years

Inbuilt Waiver of Premium, Family Income Benefit In case of Child Gain 21 Plus & Child Gain 24 Plus, Start of Life benefit inbuilt.