Child Education Plans

• Choose between payout options based on your child's needs – Money back or Endowment.
  • With the Money-back option, you will get guaranteed^ payouts in the last 5 years before maturity to meet your child's education needs. At maturity, you will get a guaranteed^ Maturity payout for your child's higher education and career needs.
  • With the Endowment plan, you will get a guaranteed^ lump sum amount at maturity, provided the policy is in force, to help meet your child's dream.
• Built-in premium waiver benefit ensures that your child's needs will be taken care of. If something unfortunate were to happen to the parent (Life Insured), the future Premiums are waived off while all the benefits in the policy continue.
• Flexibility to choose your Policy Term between 11 and 21 years: You can choose a Policy Term between 11 to 21 years based on your child's age. Also, choose the Premium payment type – 'limited pay' where the premium payment term is 5 years lesser than the Policy Term or 'regular pay' where the Premium payment term is equal to Policy Term.
• The potential upside with a bonus: The non-guaranteed annual simple reversionary bonus gets accrued to the policy at the end of each year. All due premiums are paid and payable at maturity. The company may also declare a non-guaranteed terminal bonus that will be payable at maturity.

A Non-Linked Participating Individual Life Insurance Savings Plan

• As a parent, you plan every aspect of your child's future with equal measures of excitement and concern. You want to ensure that every milestone of their future is planned so that nothing gets in the way of your child's success.
• Even though you do your best to ensure your child's future is secure, an unfortunate event could cast a shadow on your child's future; hence, you need to be ready for every eventuality. You can fulfil your child's ambitions by planning with prudence even when you are not there.
• At Bharti Life, we understand your needs and have decided to act. We bring you Bharti Life Child Advantage. A child plan offers you guaranteed^ payouts at key milestones and waives off all future premiums in case of an unfortunate event, thus ensuring your child's dreams are never compromised.
• Moreover, the bonuses if any, accrued from the end of 1st year onwards are paid out at maturity, ensuring that your child's additional needs are met in the future.
• The Life Insurance Benefit acts as a contingency fund to allow your family to maintain their standard of living, thus ensuring that nothing comes in the way of your child's future.

Advantages with Bharti Life Child Advantage

Option to choose the desired benefits

You can choose between 2 Maturity benefits options under this plan at inception according to your child's needs and career goal.

• Money Back option provides guaranteed^ pay-outs in the last 5 years before maturity to meet your child's education needs. At maturity, this plan offers a guaranteed^ maturity payout to support your child's higher education and kick start his/her career.
• Endowment option provides a guaranteed^ Lump Sum amount at maturity of the policy, provided the policy is in force, to help your child pursue his aspirations and prepare him for the big events in life.

Policy Continuance

The policy ensures that your child will receive all the benefits as planned by waiving off all the future premiums in case something unfortunate was to happen, thus ensuring that Your child's dreams will not be compromised even when you are not around.

Life Insurance Benefit

In case of the unfortunate event of death of the life Insured, the nominee will receive a Higher of (110% of sum assured for Money Back option and 125% of sum Assured for Endowment option) or 11 times the base annualised Premium to support your child in a time of need. The death benefit payable will not be less than 105% of all premiums paid at any point in time. In an unfortunate event, the guaranteed^ benefits would continue as planned and all future premiums will be waived off.

Potential Upside with Bonus

The policy participates in distributing surplus or profits that the company may declare. Non-Guaranteed Annual Simple Reversionary bonus(if declared) gets accrued to the policy at the end of each year provided all due premiums are paid and is payable at maturity. The company may also declare a Non-Guaranteed Terminal bonus which is also payable along with Maturity Benefit.

Option to choose Premium Payment term

Depending upon your child's age, you can choose the Policy Term options from 11 to 21 Years. Then choose the Premium payment type, i.e., Limited Pay or Regular Pay, depending on your investment tenure preference. For Regular Pay, the premium payment term is equal to Policy Term. For Limited Pay, the premium payment term is Policy Term minus 5 Years.

Tax Benefits

You may be eligible for tax benefits* on the premiums paid and the benefits received subject to the prevailing provisions. The tax benefits are subject to change as per changes in tax laws from time to time.

First, decide the benefits which you want for your child - This plan offers you two options

• Endowment Option : This option provides a Lump Sum amount at the policy's maturity.
• Money Back Option : This option provides guaranteed^ payouts in the last 5 policy years.

Second, decide when you wish to receive the planned benefits -You have an option to choose the desired combination of Premium Payment Term and Policy.

The Maturity Benefit and Accrued Non-Guaranteed Annual Simple Reversionary Bonus and Non-Guaranteed Terminal Bonus will be paid on the Policy's Maturity Date.

For both Money Back and Endowment Option, if something unfortunate were to happen to the parent (Life Insured), the future premiums in the policy are waived off and all the benefits in the policy continue as planned, thus ensuring nothing comes in the way of your child's ambitions. Additionally, a Life Insurance Benefit is also paid out immediately to help your family maintain the standard of living.

A Non-Linked Non-Participating Individual Life Insurance Savings Plan

A great investment option for a child insurance plan :

• The product offers the choice of 9 combinations of policy terms and premium payment terms.
• You may choose to receive the payout at the end of any year during the Maturity Payout period under Flexi Payout Option.
• Under Annual Payout option, maturity benefit is paid as five equal annual payouts at the end of every year during the maturity payout period starting from the date of maturity.
• You can avail the tax benefits on the premiums paid and the benefits received subject to the prevailing provisions under Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time.

Advantages with Bharti Life Shining Stars

Maturity Benefit

In case the life insured survives till maturity date and all due premiums have been paid, the Maturity Benefit will be payable to the Policyholder on the date of maturity.

Death Benefit

In case of death of the life insured during the policy term, provided the policy is in force and all due premiums till the date of death have been paid, the Death Benefit will be payable immediately on death.

Tax Benefits

You may be eligible for tax benefits on the premiums paid as well as the benefits received as per the prevailing tax laws under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per the change in tax laws from time to time.

A Non-Linked, Non-Participating Individual Life Insurance Savings Plan

A comprehensive long-term savings plans with dual benefits of :

• Guaranteed^ benefits at regular intervals. A percentage of the sum Assured on Maturity will be paid during the Maturity payout period as a guaranteed^ maturity benefit starting from the end of the Policy Term till the end of the 19th year. You can choose whether the Guaranteed^ payouts will be annual/semi-annual/quarterly.
• Guaranteed^ lump sum benefit at maturity:100% of the sum Assured on Maturity is paid at the end of the 20th year from the policy date.
• Different Premium Payment Terms to choose from: Premium payment Terms are 5, 7 and 12 years.
• Receive tax benefits on the premiums paid and payout benefits received. The tax benefits fall under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. They are subject to change as per change in tax laws from time to time.

Advantages with Bharti Life Elite Advantage

Option to choose your Premium Payment Term

There are three Premium Payment Terms available. You can opt for a Premium Payment Term of 5, 7 and 12 years. The Policy Term depends upon the Premium term chosen.

Basic Life Insurance Cover

Get Higher of Sum Assured on Maturity or 11 times the base Annualised Premium or 105% of premiums paid until the date of death, in case of an unfortunate event of loss of Life of the Life Insured.

Maturity Benefit

In case the Life Insured survives till the maturity of the policy and all premiums are duly paid, then the benefits, as mentioned below, will be payable to the policyholder.

• Guaranteed^ Pay-out
  A percentage of Sum Assured on Maturity is paid during the Payout Period.
• Sum Assured
  100% of Sum Assured on Maturity is paid at the end of the 20th year.

Tax Benefits

You may be eligible for tax benefits* on the premiums paid and, on the benefits, received [subject to the prevailing provisions.] The tax benefits are subject to change as per change in tax laws from time to time.