Surya Money Back Plan for children

  • Minimum Age at Entry : 0 Years (Near Birthday)
  • Maximum Age at Entry : 15 Years (Nearest  Birthday)
  • Minimm Policy Term Year : 10 Years
  • Maximum Policy Term Year : 30 Years
  • Minimum Age at Maturity : 20 Years (Nearest  Birthday)
  • Minimum Age for 1st Installment : 16 Years
  • Maximum Age at Maturity : 30 Years (Nearest Birthday)
  • Minimum Sum Assured : NRs.50, 000
  • Minimum Sum Assured : Rs. 2,000,000

The sum assured should be in multiples of Rs 10,000
Risk to commence at age for this plan:
Risk to commence at age 6 years age of the child or two years after commencement of policy, which ever takes place later. However, in case of policy purchased on the life of child aged 15 years the risk shall commence one year after commencement. The premiums need to be paid regularly.

Vesting age: 16 years completed for this plan
Rebate in Premium 
Large Sum Assured
  •     No rebate in sum assured upto Rs 249,999 /-
  •     Sum assured Rs 250,000 to Rs 499,999/- Rs 1 per thousand in tabular premium.
  •     Sum assured Rs 500000 and above- Rs 2 per thousand in tabular premium.
Mode of Payment of Premium
  •     Quaterly no discount
  •     Half yearly 1% discount of tabular premium
  •     Yearly 2% discount of tabular premium
Loans: Not available
Surrender Value:Available after completion of two years from date of commencement and payment of two full years premium
At Maturity(completion of premium paying term)
If the life assured is alive during the premium term and up to maturity, than annual payments @ 20% of sum assured is paid as per following: 
  • 4th anniversary before the date of the maturity: 20% of sum assured
  • 3rd anniversary before the date of the maturity: 20% of sum assured
  • 2nd anniversary before the date of the maturity: 20% of sum assured
  • 1st anniversary before the date of the maturity: 20% of sum assured
  • On maturity date: 20% of sum assured + vested bonus 
Note: - Above payments are available if all the premiums have been paid.

After death of Life assured
 Death before risk commences refund of all the premiums excluding rider premiums and without any bonus.
 Death during risk period : Payments to be made
 Basic sum assured + vested bonus to nominee or legal guardian payments made.
 Payments made on yearly basis shall not be deducted from claim amount

Bonus is available on this policy plan from the date of commencement till maturity or death whichever event takes place earlier if the risk has commenced. However no bonus is available if the death is during no risk period.

For riders benefit see riders for child

Note:  Contact at Surya Life Insurance Company for detail information.