Expiry Date
30-Dec-1899
Renew online now
Your subscription will be extended from the date of expiry of your current subscription.
In case of any problems with your account expiry date please email to operationsteam@magicgyan.com
Date of Withdrawal: 16-Nov-2013
Plan No. 50
  • Children Deferred Assurance (Vesting age 18) is a best plan for child and his/her parent to secure a decent amount at a given age with a comparatively low premium.
  • Option to opt for Premium Waiver Benefit (PWB) i.e. if opted no payment of future premium in case of death of the Proposer
  • Policy vests at the age of 18 (I.e.: life cover on the child and bonus vesting starts)
  • Premium paid are TAX EXEMPTED u/s 80 C & the Maturity amount is TAX FREE u/s 10 (10) (D)
Eligibility Criteria
Min Max.
Age 0 14
Term 11 50
Sum 50,000 No limit
Premium Modes Yly, Hly, Qly, Mly
Yearly Premium for 10,00,000 Sum Assured
Proposer Age is consider 30 years
Age Term/PPT Premium
0 25/25 21655
5 20/20 32391
10 15/15 51303
14 11/11 80262