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CHILD EDUCATION & MARRIAGE PLAN 75& 76

child education & marriage plan table 75& 76

child education & marriage plan .it is a plan for protection of child financial future.this plan provides coverage for a specified term. it provides a lump sum benefit for the child at the completion of the policy term. the term of the plan is such that the lump sum benefit becomes payable when the child attains of a predetermined age of 18,21,25 years. these ages may be selected considering the occasion at which children generally need financial assistance for higher education, marriage or setting up business.

the salient feature of the plan is.                                                                                                               

  benefits.

if the policyholder dies before the expiry of the term;

regular income benefits of RS240 per 1000 sum insured per annum is paid to the childer until the completion of the policy term. further, the future premiums under the policy are waived and the policy remains in force with full sum assured and continues to participate in state life s; surplus and receive bonuses.

upon the completion of the policy term, the child receives the full sum assured plus bonuses accrued over the entire term. at  this stage the child has 2 options;

1- receive the proceeds in a lump sum;

2- receive the proceeds in 5 equal annual installments.

if the child dies before the expiry of the term;

the policyholder has the following 3 options;

1- continue the policy in the same manner as earlier by switching the plan for the benefit of the other child.

2- get a refund of all the previous premium paid till the death of the child or the cash value of the policy, which ever is higher and terminate the contract.

3-continue the policy without naming another child in which case the benefit of refund of premium will not be available.

if the policyholder survives the term of the policy;

full sum assured to together with the accrued bonuses becomes payable to the policyholder on the maturity date.

  child education & marriage plan TABLE 76

this plan is similar to table 75 except that it does not incorporate an income benefit. this plan caters the needs of ensuring public where the income benefit is not required, such as grandparents who want to provide the child only the lum sum benefit at a specified date.all other benefits under the plan are same as table 75.

Loan:

state life may grant a loan to the policyholder on his/her written request, against the net surrender value of the policy. the amount of loan shall not exceed 80% of the said net surrender value. the rate of profit or return and the other terms and conditions will be determined by state life at the time of granting the loan.loans of less then RS will not be given.
the amount of loan together with accrued profit or return will be the first charge on the policy, prior to all other claims.

SURRENDER VALUE;
The policy will acquire a surrender value after it has been in force for at least two consecutive years provided no premiums are in default. The surrender value will be quoted by state life on request of the policyholder. the surrender value is guaranteed to be not less than 30% aggregate premiums.

Maturity:

It is a matter of great pleasure that your policy has matured. It is a time to fulfill the goals that you had set years back. For collecting maturity benefits, please send a written request alongwith following documents to your servicing State Life zonal office:

CHILD AGE12341,52,63,71,4,8
TERM2423222120191817
PAYOR AGE
2047.0948.8750.8052.9755.3757.8160.5763.66
2147.3849.1351.0753.2155.5958.0160.7363.85
2247.7049.4351.3653.4855.8358.2560.9564.05
2348.0749.7851.6653.7556.0858.4761.1764.24
2448.4750.1552.0154.0756.3858.7461.4264.49
2548.9350.5852.3854.4256.7059.0461.7064.74
26 49.4151.0352.8154.8357.0659.3762.0065.02
2749.9951.5453.3055.2457.4459.7362.3365.32
2850.6352.1353.8355.7257.8760.1462.7165.66
2951.3252.7954.4256.2958.3660.6063.1366.04
3052.1253.5255.1056.8858.9161.1063.6066.44
3153.0254.3555.8757.5959,5461.6764.1266.91
32 54.0655.3156.7358.3760.2462.3364.7067.46
3355.2356.3857.7359.2661.0463.0465.3868.07
3456.5657.6058.8360.2661.9463.8966.1368.76
3558.0658.9960.0961.4262.9764.8267.0169.54
3659.7660.5561.5462.7264.1465.9267.9870.43
3761.5162.3163.1664.1965.4867.1569.1071.45
3863.6464.0664.9965.8967.0168.5470.4072.59
3966.0766.3066.8067.7968.7570.1371.8673.92
4068.7668.8069.1469.7670.7171.9473.5175.41
4171.7971.6371.7572.1772.9574.0275.4177.15
4275.1674.7774.6974.9075.4876.1477.5479.12
4378.9078.2977.9777.9678.3278.7479.6381.31
4483.0482.1881.6281.3881.4881.6882.3483.46
4587.6386.5085.6785.1685.0284.9785.3586.24
4692.6791.2690.1589.3788.9588.6288.7589.39
47----------------96.5095.0994.0193.3092.6992.5392.87
48-------------------------------100.5399.1398.1197.1996.7296.76
49-------------------------------------------104.75103.39102.14101.34101.06
50-----------------------------------------------------109.18107.56106.42105.79
51--------------------------------------------------------------------113.49111.97110.97
52----------------------------------------------------------------------------118.00116.61
53--------------------------------------------------------------------------------------122.71
CHILD AGE2,5,93,6,104,7,115,8,126,9,137,10,148,11,15
TERM16151413121110
PAYOR AGE
2067.2271.2976.0681.6188.1495.94105.37
2167.3872.4476.2081.7388.2696.03105.46
2267.5571.6176.3481.8788.4196.17105.58
2367.7571.7876.5182.0188.5396.27105.67
2467.9771.9776.6982.1988.6796.42105.80
2568.1972.1776.8682.3688.8296.56105.92
2668.4572.4077.0982.5489.0096.69106.04
2768.7372.6577.3182.7689.1796.87106.20
2869.0372.9477.5782.9989.3897.05106.35
2969.3773.2577.8683.2589.6197.26106.53
3069.7473.5678.1583.5289.8897.49106.74
3170.1673.9378.4983.8490.1497.73106.96
3270.6374.3678.8784.1890.4798.03107.20
3371.2274.8779.3484.5990.8498.33107.48
3471.8175.4179.8385.0591.2398.69107.79
3572.5376.0380.4085.5491.6999.08108.13
3673.3076.7181.0186.1292.2099.55108.52
3774.2277.5381.7586.7892.78100.06108.96
3875.2578.4482.5887.5493.45100.66109.47
3976.4679.4983.5588.3894.22101.29110.03
4077.8080.6884.6489.3695.09102.07110.70
4179.3482.0785.8990.4996.09102.93111.44
4281.1183.6387.3091.7697.24103.95112.30
4383.1085.4288.9393.2498.55105.11113.31
4485.4087.5190.8494.96100.08106.45114.46
4587.6989.8192.9496.85101.76107.92115.73
4690.5892.4395.3299.03103.70109.66117.23
4793.7995.3897.75101.49105.91111.61118.95
4897.3898.69100.76103.79108.43113.85120.91
49101.37102.35104.15106.87110.75116.47123.12
50105.77106.44107.88110.33113.85118.83125.63
51110.58110.89112.01114.08117.30121.95128.43
52115.83115.75116.49118.21121.08125.40131.52
53121.51121.03121.37122.69125.18128.13134.90
54127.64126.71126.63127.53129.62133.18138.55
55-----------132.82132.27132.73134.38137.51142.47
56-------------138.31138.28139.47142.14146.67
57-----------------------------144.20144.89147.07151.13
58----------------150.65152.30155.85
59--------------------------157.87160.87
60----------------------------------------------------------------166.21
CHILD AGE2,5,93,6,104,7,115,8,126,9,137,10,148,11,15
TERM16151413121110
PAYOR AGE
2060.5464.7969.6775.3482.0089.9199.46
2160.5764.8169.7075.3782.0289.9499.49
2260.5964.8469.7275.3982.0589.9699.51
2360.6264.8669.7575.4182.0789.9899.53
2460.6564.8969.7775.4482.1090.0199.56
2560.6864.9269.8075.4782.1290.0399.58
2660.7264.9669.8475.5082.1690.0699.61
2760.7665.0069.8775.5482.1990.1099.64
2860.8065.0469.9275.5882.2390.1499.68
2960.8565.0969.9675.6282.2790.1899.72
3060.9065.1470.0175.6782.3290.2299.76
3160.9765.2070.0775,7282.3790.2799.81
3261.0365.2670.1375.7882.4390.3299.86
3361.1165.3470.2075.8582.4990.3999.92
3461.2065.4270.2875.9382.5690.4699.99
3561.3065.5270.3776.0282.6590.54100.06
3661.4265.6270.4776.1182.7490,62100.15
3761.5565.7570.5976.2282.8590.73100.24
3861.6965.8970.7376.3582.9790.84100.35
3961.8666.0570.8876.5083.1090.97100.84
4062.0666.2371.0576.6683.2691.12100.62
4162.2866.4571.2576.8583.4491.29100.78
4262.5366.6971.4977.0783.6591.49100.97
4362.8266.9771.7577.3283.8991.72101.19
4463.1567.2872.0577.6184.1691.98101.43
4563.5267.6472.3977.9484.4892.28101,72
4663.9468.0472.7878,3184.8492.62102.04
4764.4186.5073.2278.7485.2493.01102.41
4864.8369.0173.7279.2285.7193.45102.84
4965.5169.5774.2779.7586.2293.95103.32
5066.1570.2074.8880.3586.8094.52103.87
5166.8570.8875.5581.0187.4595.14104.47
5267.6271.6376.2981.7388.1595.83105.15
5368.4472.4477.0882.5188.9296.58105.88
5469.3373.3277.9483.3589.7597.39106.67
55-------------74.2678.8684.2690.6498.27107.53
56-------------------79.8585.2391.5899.20108.44
57------------------------------86.2692.60100.19109.41
58-----------------------------------------93.67101.24110.43
59---------------------------------------------------102.36111.52
60------------------------------------------------------------------------------------------------112.69
CHILD AGE12341,52,63,71,4,8
TERM2423222120191817
2038.8340.8343.0045.3848.0050.6153.5356.82
2138.8640.8543,0345.4148.0350.6453.5656.85
2238.8940.8943.0645.4448.0550.6753.5956.87
2338.9340.9243.0945.4748.0950.7053.6156.90
2438.9740.9643.1345.5148.1250.7353.6556.93
2539.0141.0043.1745.5448.1650.7653.6856.96
2639.0641.0543.2145.5948.2050.8053.7257.00
2739.1241.1043.2645.6448.2550.8553,7657.04
2839.1841.1643.3245.6948.3050.9053.8157.09
2939.2541.2343.3845.7548.3650.9653.8657.14
3039.3341.3043.4645.8248.4251.0253.9257.20
3139.4241,3943.5445.9048.5051.0953.9957.26
3239.5241.4843.6345.9948.5851.1754.0757.33
3339.6341.5943.7346.0948.6851.2654.1557.41
3439.7641.7243.8546.2048.7851.3654.2557.51
3539.9141.8643.9946.3348.9151.4854.3657.61
3640.0842.0244.1446.4849.0551.6154.4957.73
3740.2742.2044.3246.6449.2151.7654.6357.87
3840.4842.4144.5246.8349.3951.9454.8058.03
3940.7242.6444.7447.0549.6052.1354.9858.20
4040.9942.9044.9947.2949.8352.3655.2058.41
4141.2943.1945.2847.5750.1052.6255.4458.64
4241.6343.5245.6047.8850.4052.9155.7258.91
4342.0043.8945.9548.2350.7453.2356.0459.21
4442.4144.2946.3548.6251.1253.6056.3959.55
4542.8644.7446.7949.0551.5454.0156.7959.94
4643.3745.2347.2849.5352.0153.4757.2360.37
47------------45.7847.8150.0552.5354.9757.7360.85
48-----------------------48.4050.6453.1055.5458.2861.39
49------------------------51.2853.7356.1558.8861.98
50--------------------------------------------------------------54.4356.8359.5562.63
51--------------------------------------------------------------------------------57.5760.2863.35
52----------------------------------------------------------------------------------------61.0764.12
53--------------------------------------------------------------------------------------------64.96

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