The Career life Policy is a Children’s Education Endowment Policy and it has the following features
- Term varies from 5 to 20 years depending on your financial plan
- Maturity proceeds can be paid as a lump sum or in annuities payable in yearly installments over a period of 4, 6, or 8 years
- Death of parent before maturity results in waiver of remaining premiums
- In case of child’s death all premiums are refunded or another child may be nominated.