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Education Protection Plan

Education protection plan is the foundation on which you can build your child’s future and career.
You want your child to have higher Education to give him a good start in this increasingly competitive world. This is where our EPP plans fit your needs. You have the flexibility to select the period of the plan to suit the age of the Child at which you want the policy proceeds to be paid. Choose any period from 10 to 25 years of age

At Maturity:
On survival of child at maturity, Face Amount of the policy plus Bonuses are paid. The money can be used to pay for his or her higher education expenses. If your child has already completed education, he or she will find the money very helpful in starting a career or being used for expenses such as marriage. 

In Case of Payer’s Death:
a) All future premiums under the policy will be WAIVED and the policy continues in full force. PLUS, 

b) INCOME FOR EDUCATION equal to 1% of the Face Amount is paid EVERY MONTH to the child till the maturity.                                                                                   

c) At maturity, Face Amount of the policy plus Bonuses is paid.

On the Death of Child Before Maturity: 
Full Face Amount plus Accrued Bonuses are payable, subject to Juvenile Endorsement.

Payment on Payer’s Disability:
For a small additional premium, you can add a very valuable benefit – Disability Protection Rider. In the event of your total and permanent DISABILITY DUE TO SICKNESS OR ACCIDENT, all future premiums will be waived. INCOME equal to 1% of the Face Amount is paid EVERY MONTH to the child till the maturity of the policy. At maturity, Face Amount of the policy plus Bonuses is paid.


Minimum age 1 month to 15 Years, Payer’s age 21 years to 55 years.

Face Amount: 
Minimum Rs. 50,000.00, Maximum Rs. 5 million

You can take the plan for a minimum of 10 years up to a maximum of 25 years. However, plan term and the age of the child should not be above 25 years.

Mode of payment: 
Annual, Semi-Annual or Quarterly
First policy issue date: 01/05/2002


Rider is an addition to an insurance policy that becomes part of the contract. It provides extra benefits as mentioned in contract in case of eventuality as covered. Some of the riders that can be attached to insurance policies are:

  • Accidental Death Benefit (ADB): It provides payment of an additional sum in the event of death of insured due to accident.
  • Disability Protection Rider (DPR): It protects payer (in Education Protection Plan) in the event of disability due to sickness or accident. If payer becomes permanently disabled:

○ All future premiums will be waived off and the policy continues in full force

○ 1% of face amount will be paid per month to the child till the policy’s maturity and, at maturity, the child receives Full Amount plus bonus

  • Personal Accident Coverage Rider (PA): The rider pays Benefits incase of losses occurring on or after this Supplementary Contract effective date and during the period this Supplementary contract is in effect subject to the terms, conditions and exceptions contained in this Supplementary Contract. The total maximum benefits payable under this Supplementary Contract shall not exceed the Principal Sum.  The benefit covered under this rider is accidental death, dismemberment and Permanent total  disability.