Child Protection Policy

plic children protection policy

An endowment assurance for the protection of policyholder and his / her child. The policies will be issued jointly on the lives of the child and a parent of the child who will be called the “payer”. If the payer and child both survive till the maturity of the policy, the sum assured along with accumulated bonuses becomes payable to the payer. If the child dies during the lifetime of the payer before the maturity of the policy, the payment becomes due to the payer according to the following schedule.