Bal Sahaikshik Yojana
by Rastriya Jeevan Beema Company
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. Child-focused life insurance plan intended to provide maturity benefits to support a child's education.
Declared bonus
Rate by policy term
Declared FY 2081/82
| Policy term | Rate / 1,000 | Prev. year |
|---|---|---|
| 10-25 | Rs 60 | — |
Recent years
- FY 2081/82
- Rs 60/ 1,000
- FY 2080/81
- Rs 60/ 1,000
- FY 2079/80
- Rs 65/ 1,000
- FY 2078/79
- Rs 65/ 1,000
- FY 2077/78
- Rs 65/ 1,000
Source: Rastriya Jeevan Beema Company 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
- Child-targeted plan
- Maturity benefit for education
- Premium waiver on proposer death (if applicable)
Features
- Child-focused life insurance
- Maturity benefit for education
- Long-term savings and protection
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 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.
Optional riders
Questions about this plan
What kind of plan is Bal Sahaikshik Yojana?
Bal Sahaikshik Yojana from Rastriya Jeevan Beema Company is a child plan that is taken out by a parent or guardian to fund a child's education and future.
Who can buy Bal Sahaikshik Yojana?
The entry age for Bal Sahaikshik Yojana is 0 – 17 years.
How long does Bal Sahaikshik Yojana run?
The policy term for Bal Sahaikshik Yojana is 10-25 years.
What bonus rate does Bal Sahaikshik Yojana earn?
For FY 2081/82, Rastriya Jeevan Beema Company declared Rs 60 / 1,000 of sum assured on Bal Sahaikshik Yojana. Bonus rates are set each year and are not guaranteed.
Which riders can be added to Bal Sahaikshik Yojana?
Bal Sahaikshik Yojana can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request