With a child education plan like MetLife Insurance Smart Child, you can plan for your child’s future needs well in advance. Our children plans are specially designed to take care of your child’s ever changing requirements: from child education plan for rising educational costs to financial planning, extracurricular needs or even wedding, which are included in our savings plans for children.
In case of insured’s/Policyholder’s sudden demise, the policy entails the following benefits to take care of the unexpected emergencies and future planning of the insured’s / Policyholder’s child.
Particulars |
Boundary Conditions |
Minimum/Maximum Age at entry (LBD)* for Life Insured |
18/55 years |
Minimum /Maximum Age at entry (LBD)* for beneficiary |
90 days/17 years |
Premium Payment term (years) |
Same as policy Term |
Minimum Annualised Premium |
Rs. 18,000 p.a. |
Maximum Annualised Premium |
Till age 35 : 2 lakh |
Policy Term |
10, 15 & 20 years |
Sum Assured |
10 times the chosen Annualised Premium only |
Premium Payment Modes |
Annual, Semi Annual, Quarterly, monthly and PSP (Payroll Savings Program) |
*LBD: Age last Birthday