IME Child Endowment Plan (IME Bal Ujjwal)
In simple terms: you pay a fixed amount each year, and at the end of the term you get your cover amount back together with the bonus the insurer adds along the way. If you are ever unable to keep paying, the plan carries on by itself and your child still receives the full amount when the term ends. A child endowment plan providing financial security for children, offering life protection for the child and proposer with sum assured and vested bonuses payable at maturity.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 0-9 | Rs 32 | Rs 32 |
| 10-14 | Rs 32 | Rs 32 |
| 15-19 | Rs 40 | Rs 40 |
| 20-24 | Rs 52 | Rs 52 |
| 25-29 | Rs 67 | Rs 67 |
| 30 and above | Rs 70 | Rs 70 |
Recent years
- FY 2081/82
- Rs 32–70/ 1,000
- FY 2080/81
- Rs 32–70/ 1,000
- FY 2079/80
- Rs 32–70/ 1,000
- FY 2078/79
- Rs 32–70/ 1,000
- FY 2077/78
- Rs 30–70/ 1,000
Source: IME Life Insurance declaration for FY 2081/82
Bonus rates are declared annually and are not guaranteed. Past rates do not guarantee future rates.
Maturity estimator
Estimated value at maturity
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What's included
Key highlights
- Minimum Sum assured Rs.100,000
- Entry age 0–17 years (child)
- Premium waiver & income benefit on proposer death
Features
- Financial protection for child's education and marriage
- Death benefit for child and proposer
- Minimum sum assured Rs.100,000
- Premium payment terms: Regular, Limited and Single
- Risk commencement delay: typically 2 years or child age 6 (whichever later)
- Optional riders: Accidental Death, Lump-sum, Funeral expense
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured plus the bonus built up to that date, and the policy ends. Most child plans are written on the parent's life, so see the next case for how the child is protected.
Typical for child plans — confirm the exact terms in the brochure.
If the parent or guardian passes away
Future premiums are waived and the policy continues on its own. The child still receives the full maturity amount at the set age. Many child plans also pay the child a regular income until then — the brochure states the rate.
Typical for child plans — confirm the exact terms in the brochure.
If the policy runs to maturity
The child receives the sum assured plus the bonus built up to that date, timed to the age set when the policy was taken out.
Typical for child plans — confirm the exact terms in the brochure.
If death is caused by an accident
With the accidental death rider, an additional amount is paid on top of the sum assured. The rider is optional and carries its own premium.
Typical for child plans — confirm the exact terms in the brochure.
Optional riders
Questions about this plan
What kind of plan is IME Child Endowment Plan (IME Bal Ujjwal)?
IME Child Endowment Plan (IME Bal Ujjwal) from IME Life Insurance is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy IME Child Endowment Plan (IME Bal Ujjwal)?
The entry age for IME Child Endowment Plan (IME Bal Ujjwal) is 18 – 60 years.
How long does IME Child Endowment Plan (IME Bal Ujjwal) run?
The policy term for IME Child Endowment Plan (IME Bal Ujjwal) is 10-25 years.
What bonus rate does IME Child Endowment Plan (IME Bal Ujjwal) earn?
For FY 2081/82, IME Life Insurance declared Rs 22–80 / 1,000 of sum assured on IME Child Endowment Plan (IME Bal Ujjwal). Bonus rates are set each year and are not guaranteed.
Which riders can be added to IME Child Endowment Plan (IME Bal Ujjwal)?
IME Child Endowment Plan (IME Bal Ujjwal) can be taken with the following optional riders: Accidental death (ADB), PTD / PWB. Each rider carries its own premium.
Premium
Quote on request