Jeevan Kishore

Features
High bonus from day one. Child becomes owner of the policy automatically at the age of 18 years. Risk commences after 2 years of policy or on completion of 7 years of age, whichever is later. No medical examination of the child if age is less than 10 years.

Suitable For:
Parents of children who wants to provide a lump sum amount at a particular age of the child. The amount can be used for any particular need of the child like marriage or start in life.

Special Features:
This policy is issued with profit, but bonus for waiting period will vest immediately on the Policy anniversary from which risk is covered or at the end of 5 years from commencement of the policy whichever is later, provided the policy is in force. No medical examination will be necessary if the age of the child is less than 10 years last birthday. Else medical examination is necessary.

Source - Life Insurance India, Licindia.