SaveGuard Junior is a Simplified, Unit Linked endowment plan covering the life of your child. It is specially designed to help you save for important milestones like your child’s education and marriage. SaveGuard Junior offers an investment opportunity as well as life insurance without requiring you or your child to undergo any medical examinations.

Insurance cover:

• Entry Age (last birthday): 0 to 17 years
  
• Policy Term: 10, 15, 20, 25 or 30 years (Minimum age at maturity, 18years. Maximum age at maturity, 47 years)
  
• Annual Premium: Minimum Rs. 12,000; (the maximum will depend on the sum assured not exceeding Rs. 10,00,000)
  
• Sum Assured: 0.5 * Policy Term * Annual Premium; subject to a minimum of Rs. 60,000 and a maximum of Rs. 10,00,000

Key Benefits:

• Choice of 3 unit-linked funds: Balanced, Secure and Growth Funds
  
• Choice of the premium (from Rs.12, 000 onwards), the policy term (10, 15, 20, 25 or 30 years) and the payment frequency (annual, semi-annual, quarterly or monthly)
  
• No medical tests, invest for your child with just a declaration of good health
  
• Unit Price plus 3% (less fund management charges) compounded annually guaranteed at maturity only on the Secure Fund.
  
• Top-up Premiums – Increase your investment value at any time

Tax benefit: Tax Benefits, as per Section 80C & Section 10(10D) of the Income Tax Act, 1961.

For more details and to help you plan your investment and insurance, get in touch with us.

“Unit linked insurance plans are subject to market risks. For more details and exclusions, view HTML or PDF of the Key Features document”