Let the child play, Assure Career Builder will worry about the career

Hi friends,

Let's talk about the policy which takes care of your children's career requirements.

Tata AIG Life's Assure Career Builder is a juvenile insurance product designed to provide your children with the financial support they’ll need at important junctures in their life.

Key features include:

• Lump sum payments at various stages of your child’s life: 20% of sum assured on your child’s 18th birthday, 20% on his/her 21st birthday, 20% on his/her 24th birthday and the remaining 40% when the policy matures on your child’s 27th birthday.
• Lump sum payments at various stages of your child’s life: 20% of sum assured on your child’s 18th birthday, 20% on his/her 21st birthday, 20% on his/her 24th birthday and the remaining 40% when the policy matures on your child’s 27th birthday.
• Periodic payments against the policy do not affect the full payment of the sum assured in case of the insured’s death.
• A guaranteed addition of 10% of the sum assured to be paid at the time of maturity or death (policy must be in force for a minimum 10 years).
• A compound reversionary bonus, as declared by the Company, is credited to the policy on the policy anniversary.
• A terminal bonus payable on death or maturity (policy must be in force for a minimum 10 years).

Tax Benefits, Riders and Age Eligibility

• Compound reversionary bonus and terminal bonus are non-guaranteed and depend on the performance of the Company.
• Assure Career Builder is supported by a money-back guarantee. If you change your mind, simply return the policy document within 15 days of receipt and your premiums will be refunded (minus a nominal deduction to cover administrative charges).
• Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. Any sum received under this plan is exempt from tax under section 10(10D) of the Income Tax Act, 1961.
• You can attach the Payor Benefit Rider at a nominal extra cost, which waives all future payments for this policy in the event of your unfortunate death or disability.
• Minimum entry age is 0 years, with a maximum of 15 years. The policy matures at age 27.

Please have a look at Sample Benefit Illustration below:

Illustration for Assure Career Builder
Sum Assured Rs. 2,00,000
Age	Annual Premium	Guaranteed Benefits			Non Guaranteed Benefits		Total Benefits at Maturity
		Sum Assured	Guaranteed Additions	Accumulated Coupons	Higher Rate	Lower Rate	Higher Rate	Lower Rate
0	9,638	200,000	20,000	200,000	683,364	270,055	903,364	490,055
5	13,380	200,000	20,000	200,000	481,315	204,089	701,315	424,089
10	19,466	200,000	20,000	200,000	323,005	146,489	543,005	366,489

Basic Premium Information

Issue Age	Premium rate per Rs.1,000 Sum Assured
0	52.19
1	55.61
2	59.19
3	63
4	66.95
5	70.9
6	75.62
7	81.21
8	87.39
9	94.22
10	101.33
11	109.84
12	118.89
13	129.96
14	142.99
15	158.15

Large Size Discount

Face Amount	Deduction in Gross premium rates per Rs.1000 Sum Assured
25,000 to 99,999	0
100,000 to 149,999	1.5
150,000 to 199,999	3
200,000 & above	4

You can download the product brochure by clicking here.

So, now onwards, when your children(s) is/are playing, let them play. And ask yourself to assure their career with Assure Career Builder.