Your children look up to you, you are their hero! On your part, you put your heart and soul to ensure a great future for them. However, even after doing so much, you still worry about their future though you may not say it. In moments of silence, you sometimes contemplate what will happen to your child in the event of an unforeseen occurrence?

Overview

• DLF Pramerica Vishal Super Child Educare++ plan helps you realize the dreams that you have for your child and ensures that your child’s education does not get hampered, even when you are not around.
• The plan provides a maturity amount at the end of the term to aid your child at an important milestone, like admission to a professional college or a course in a foreign university.
• Apart from the maturity amount, the plan also provides a lump sum at the time of a parent’s death to take care of any immediate financial needs and the unparalleled benefit of providing regular monthly support towards your child’s recurring needs. All future premiums get added to the fund and the plan continues without any hindrances.

Advantages

• Monthly payout to take care of a child’s education (in case of eventuality)
• Emergency fund; sum assured (in case of eventuality)
• The policy continues even after eventuality; No premiums to be paid
• Fund value at maturity to fulfill your child’s dream
• Loyalty rewards in the form of persistency units, added to your fund account, twice during the entire policy term
• Enjoy tax benefits on premiums paid and benefits received under this policy

Benefit

Maturity Benefit

• On completion of the policy term to maturity, you are entitled to avail the fund value including persistency units and the value about top-up units, if any.

Death Benefit

• In case of demise of the life insured before the expiry of the policy term, the following become payable:

Immediate:

• A lump sum equal to five times annual premium becomes payable immediately
• A total of all future premiums payable towards the policy will be invested in your policy as lump-sum immediately to ensure that your savings grow as per your plan.

Interim:

• You can choose up to 15% of your annual premium as monthly payouts, which becomes payable till the end of the term.

End of term:

• Fund value of your policy to ensure the critical needs of your child get fulfilled at the right time! This will include the value of outstanding premiums invested on death.

Surrender Benefit

In case of an emergency, you can surrender the policy after completion of three policy years. However, the policy will acquire surrender value after payment of the full one-year premium. The surrender value will be the fund value less surrender charges on a regular premium unit account.

Features

Fund Options

In our endeavor to help your investments benefit from the growing markets, as per your risk appetite, we offer you four fund options namely, Debt Fund, Balanced Fund, Growth Fund, and Large Cap Equity Fund.

Persistency Units

• You are entitled to persistency units of up to 125% of your annual premium.
• Also, an amount equivalent to 4% of the average fund value of the preceding 36 months will be allocated to your unit account to create persistency units in the 10th policy year.

Partial Withdrawal

We understand your need for liquidity, so we offer you the facility of partial withdrawal. Partial withdrawal shall only be allowed after five years from the date of commencement of the policy.

Other Features

Other features such as switches, top-ups, settlement options, increase or decrease in monthly payouts, decrease in premium and premium redirection are also available.