Choose the Sum Assured and Policy Term:

• Select the desired sum assured or coverage amount and the policy term or duration for which you wish to be covered under the plan, ensuring that it aligns with your child's future financial needs and your financial planning goals.

Select the Premium Payment Frequency:

• Decide on the premium payment frequency (regular, limited, or single pay) based on your financial situation, lifestyle, and future planning needs to keep the policy active and enjoy the benefits of the plan.

Accrual of Benefits:

• Upon the unfortunate demise of the policyholder during the policy term, the beneficiaries will receive the death benefit, which includes the sum assured and any accumulated bonuses or returns, ensuring that your child's future remains secure and unaffected.

Guaranteed Regular Income:

• In addition to the death benefit, the plan offers guaranteed periodic income payouts to the beneficiaries for a specified period or until the end of the policy term, helping to replace the lost income and support their living expenses and financial goals Optional Riders (If Opted):

• If you have opted for additional riders such as Accidental Death Benefit, Critical Illness Benefit, or Premium Waiver Benefit, the respective benefits will be provided to the policyholder or beneficiaries as per the terms and conditions of the riders.

Maturity Benefit:

• If the policyholder survives the entire policy term, a maturity benefit may be payable, which includes the sum assured and any accrued bonuses or returns, providing a lump sum amount to fulfill your child's financial goals or achieve their dreams.

Tax Benefits:

• Enjoy tax benefits on the premiums paid and benefits received under the Shining Stars Child Plan as per the prevailing tax laws, helping you save on taxes while securing your child's future.