Tata AIG Life Insurance : Starkid
Do you want your child to get the best? A professional education could cost around Rs. 10 lakhs. Marriage expenses could also cost another Rs. 12 lakhs. Have you saved enough to cover these costs?
Star Kid is an exceptional Child Endowment Policy that will ensure that you can afford to give your child everything he needs.
Key features include:
Your child will receive cash benefits to the equivalent of 20% of the sum assured at the age of 18, 19, 20, 21 & 22.
Flexible and affordable premiums, which can be paid annually, semi-annually, quarterly, or even monthly.
No medical examination of your child is needed.
Free Look Period – A money-back guarantee, which allows you to return the policy within 15 days of receipt for a full refund (minus nominal administrative charges).
Tax Benefits, Riders and Age Eligibility
Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.*
Inbuilt Payor Benefit rider: In the event of Payor’s death or disability the policy pays out following benefits:
During the premium paying period: All future premiums are waived off.
After the premium paying period: 50% of Sum Assured is paid to the nominee of the policy.
