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Mail Us : slicdxb@emirates.net.ae

Child Protection Assurance

Insurance

This is a joint life assurance and covers the lives of child and either of the parents. If the policyholder and the child both survive the full term of the policy, the sum insured and accrued bonuses become payable. If the policyholder dies before completion of the term of the policy, the payment of premiums ceases and the child is paid an income of Rs 100/- per thousand sum insured per annum until the completion of the policy term. On completion of the policy term, the sum insured inclusive of bonuses accrued till the death of the policyholder is paid to the child.

If the child dies (Allah forbid) before maturity of the policy and during the lifetime of the policyholder, the death claim payable to the policyholder depends on the age at death of the child.

As the name suggests, the plan is suitable for parents who want to cater to future financial needs of their children in case of death of the breadwinner of the family. The plan has a unique feature of providing coverage on the life of the child. The coverage of the policy can further be widened by attaching supplementary covers. Please click here for the details of supplementary covers. If you want to calculate your premium under this plan, please click here.