Tata AIA Star Kid Plan

Recommendations :No

Name of the policy :
Tata AIA Star Kid Plan

A brief desciption :

Tata AIA Star Kid Plan is an attractive money back child plan. In this plan premiums are paid for 10 years and 20% of the Sum Assured is paid to the child when he attains 18, 19, 20, 21 and 22 years. The life of child is insured. Moreover if the proposer dies before the end of the policy term than 50% of the SA is paid or all the future premiums are waived off and policy continues. However as far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. Moreover insurance is required for the earning member of the family to secure their income for the dependents so eventually its worthless to have such plans.

Started date :25/3/2004
Type of policy :Insurance cum investment
Category :Traditional- Endowment Money Back Child Plan
Insurance :Min- 25,000 Max- 4 lakhs
Returns expected :Less than Fixed Deposit
Entry age :30 days- 8 years
Surrender :Guaranteed Surrender Value = 30% of all basic premiums paid - 1st year's premium

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