COMPARISON OF HDFC STANDARD CHILD PLAN

Features Stone Plan Type HDFC STD Children's Plan Endowment ICICI Prudenetial Smart Kid Anticipated Endowment LIC Komal Jeevan Anticipated Endowment Max New York Stepping Stone Anticipated Endowment Bajaj Allianz Child Gain Anticipated Endowment Child Gain 21 and Child Gain 21Plus Max. Term- 21 yrs less current age at entry of child Child Gain 24 and Child Gain 24 Plus - Max. Term- 24 yrs less current age at entry of child 0 - 13 years

Min / Max 10-25 year Term child

Matures between 22-25 years of the childs age. Term is 10-25 years

Premium to be paid till the child attains age 18. Max. Term- 26 yrs

11-26 years

Min / Max Age of Child Min / Max Age of Parent Payment Modes Life Assured Beneficiary

N.A.

0-12 years

0 - 10 years

N.A.

18-60 years Regular Parent Child / Family

20-60 years Regular

N.A. Regular, Single Child

21-60 years Regular Parent

20-50 years Regular Child

Child

Child

Benefit Structure

Two Structures 1. When the child reaches his critical milestones (Xth, Sum XIIth, Assured+bonuses Graduation,Post paid on maturity in Grad); % of S A lump sum is paid 2. Last 4 years before maturity; % of SA is paid over consecutive yrs 1) Maturity Benefit Plan: future premiums are waived; maturity benefits are paid SA paid up front. Child gets the guaranteed payments as chosen earlier

Monies paid as per - attained age: 18 yrs-20% of S.A, 20 yrs20% of SA, 22yrs-30% of SA, 24yrs-30% of SA & 26 yrs- Bonus for entire Term + Loyalty Additions, if any

On Death of parent

All Future Premiums Waived off. Child gets the guaranteed

Child / Family Child / Family Child Gain 21 and 5 years before Child Gain 21Plus maturity - 30% 18 yrs-20% of of SA 2 years S.A+ accrued before bonuses, 19 yrsmaturity 25% of SA, 20yrs35% of SA At 25% of SA, 21yrsmaturity 35% of SA Child 35% of SA + Gain 24 and Child 30% Gain 24 Plus 18 guaranteed yrs-25% of S.A+ addition + accrued bonuses, non20 yrs-25% of SA, guaranteed 22yrs-25% of SA, bonus, if any 24yrs-40% of SA In case of In case of death of death of the the parent, all life insured, future premiums an amount are waived off and equal to sum all pending survival

like normal on maturity 2)Accelerated Benefit Plan: Sum assured + bonuses paid to beneficiary on death & contract terminates 3)Double Benefit Plan: Sum assured paid immediately on death; future premiums are waived; maturity benefits are paid like normal on maturity Policy continues as it is. It can be nominated to another child in that case also

payments as per Structure + bonus paid at the end of the policy term. *In case premium waiver benefit rider is taken

assured is paid immediately, all future premiums are waived off and all pending survival benefits remain unaffected, including maturity bonuses

benefits remain unaffected. Also, a monthly income benefit @1% of SA subject to max. of Rs.10,000/- p.m. is paid. In case of Child Gain 21 Plus and Child Gain 24 Plus, an additional SA max upto Rs.10 lacs is payable i.e. Start of Life Benefit on death of parent

On Death of child

Bonus & Additions

Policy continues as it is. It can be Policy continues nominated to another child in that case also Guaranteed 30% os sum 3.5% of SA Guaranteed @ assures, compunded 7.5% of SA along with annually for the simple interest. nonBonuses declared first 4 years, Paid on Child guaranteed by company annual bonuses attaining age 26. bonuses as declared Loyalty Additions, declared by thereafter if any. the company from time to time On death after commencement of risk , Sum Assured + Bonus till Date is paid & Plan Closes

On death after commencement of risk , Sum Assured + Accured Bonus till Date is paid & Plan Closes

Bonuses declared by company is paid on child attaining 18 years

Riders Available

None

ADBR/IBR

Accident Cover, ADB, CI, Premium Waiver Term, Term Benefit R&C, WOP

Inbuilt Waiver of Premium, Family Income Benefit In case of Child Gain 21 Plus & Child Gain 24 Plus, Start of Life benefit inbuilt.