Jeevan Kishore

This is an Endowment Assurance Plan available for children of less than 12 years of age. The policy may be purchased by any of the parent/grand parent.


  • Under this children’s plan the child becomes the owner of the policy automatically at the age of 18 years. The plan offers high bonus from day one itself and the risk on the policy commences after 2 years of policy or on completion of 7 years of age, whichever is later.
  • Also no medical examination of the child is required if his/her age is below 10 years.

Death Benefit:
The Sum Assured along with vested bonuses, if any, is payable in a lump sum upon the death of the life assured after the commencement of the risk. If death occurs before the commencement of the risk, the premiums paid excluding the premiums for the Premium Waiver Benefit, if any, will be refunded.

Maturity Benefit:
Sum assured along with all bonuses declared during the policy term is payable in a lump sum on survival to the end of the policy term.

Premium Waiver Benefit:
This is an optional benefit that can be added to your basic plan.  An additional premium is required to be paid for this benefit. By payment of this additional premium, the proposer can secure the benefit of cessation of premiums from his/her death to the end of the deferment period. The deferment period for this purpose is to be taken as 18 minus age at entry of child.

Min Max
Entry Age 0 12(Last Birthday)
Sum Assured 50000 No limit
Term 15 35
Mode of Payment Max Maturity Age Policy loan available
Monthly, Quarterly, Half Yearly, Yearly 45 Years No loans granted

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