Invest in the Best Child Education Plan in 2024 with High Returns

Child Education Plans

9 mins read

Child Education Plans are financial products that combine the benefits of savings and insurance. These plans are designed to help parents in saving and investing for their children's future education expenses. Simultaneously, they provide financial security in case of any unfortunate event.

Investing in your child's future:A wise decision & a loving choice

Benefits of Investing In Child Plan

Waiver of Premium Benefit

Future Premiums are paid by the insurer upon death of policyholder

Flexible Payout Options

Your premiums help your child achieve their dreams through lump sum or regular payouts

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Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us

Zero Commission

We charge no commission when you buy from us. Also buy online & get extra

Tax Benefits^

You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)

Investment Flexibility

It offers the flexibility to invest at regular intervals or as a one-time contribution

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Written By: Sameep Singh

Sameep Singh Business Unit Head - Domestic Savings

Mr. Sameep Singh is a Business Unit Head for the domestic Investment Business at policybazaar.com, holding a master's from Symbiosis School of Banking & Finance. He has played a pivotal role in crafting investment and term business strategies during his tenure at Policybazaar. His exceptional leadership has been instrumental in driving both product and business growth throughout his impressive career.

Reviewed By: Vivek Jain

Vivek Jain Head of Savings business

Mr. Vivek Jain is the Business Unit Head for Investment Business at Policybazaar.com. A graduate of the prestigious IIM Calcutta he brings over a decade of invaluable experience to his current role. In his capacity as Business Unit Head, he has been a driving force behind the success of Policybazaar's Investment business. Mr. Jain is recognized for his instrumental role in product innovation within the Savings/Investment domain. His leadership and expertise have been pivotal in scaling up the Investment business, underscoring his significant contributions to Policybazaar.com's growth and success.

What Are Child Education Plans?

Child education plans are especially designed to help parents financially secure their child’s future in a disciplined way. In a child education plan, you pay a premium (monthly, half-yearly, yearly, or single-pay) for a specific period. At the end of the policy term, you get a lump-sum amount as the maturity benefit. While you create a corpus for the child's education, the insurance element provides you with life cover.

In case of the unfortunate death of a parent (the policyholder), a child plan will support the nominee with triple benefits. While the life cover amount is paid to the family, the remaining premiums of the plan are paid by the insurer. Also, the child gets the benefit of a monthly payout to meet his/her expenses. That means, even in your absence, the child can use this amount to cover educational costs such as tuition fees, books, uniforms, etc. Besides, child education plans offer flexible payout options at important milestones of your child.

Best Child Plans in India

Plans	Entry Age	Maximum Maturity Age	Minimum Investment Amount (annually)	Minimum Sum assured
TATA AIA Fortune Pro- WOP	18-59 years	75 years	Rs 12,000/-	-
TATA AIA Fortune Pro	18-59 years	40 years	Rs 12,000/-	For Single Pay – 1.25 times the Single Premium For Regular / Limited Pay – 7 * AP
Max Life Online Savings Plan- Child Plan	18-54 years	85 years	Rs 12,000/-	The minimum Sum Assured is Rs. 1,20,000
Bajaj Allianz Smart Wealth Goal- Child Wealth	18-60 years	85 years	Rs 48,000/-	10 times Annualized Premium
ICICI IPru Smart Kid Plan	18-65 years	64 years	Rs 25,000/-	Minimum Sum Assured (Single Pay) -1.25 x Single Premium Minimum Sum Assured (Regular Pay)- 7 x Annual Premium
TATA AIA Capital Guarantee Solution	18-50 years	75 years	Rs. 51,000/-	Minimum Sum Assured (Single Pay) -1.25 x Single Premium Minimum Sum Assured (Regular Pay)- Higher of (10AP OR (0.5Policy Term*AP)
Max Life Capital Guarantee Solution	18-50 years	85 years	Rs. 37,200	The Minimum Sum Assured is Rs. 1,20,000
BAJAJ Allianz Capital Guarantee Solution	18-55 years	65 years	Rs. 20,000	The Minimum Sum Assured is Rs. 30,000
Aditya Birla Capital Guarantee Solution	0-58 years	85 years	Rs. 38,400	Minimum Sum Assured (Single Pay)- Rs.100,000 Minimum Sum Assured (5 Pay)- Rs.20,000 Minimum Sum Assured (6-12 Pay)- Rs.30,000
HDFC Life Capital Guarantee Solution	18-50 years	85 years	Rs. 12,000	1.25 times the Single Premium
PNB MetLife Capital Guarantee Solution	18-60 years	80 years	Rs. 51,000	Minimum Sum Assured (Single Pay)- Rs. 100,000 Minimum Sum Assured (5 Pay): 12,000 Minimum Sum Assured (Regular Pay & 10 Pay): 12,000
Kotak Life Capital Guarantee Solution	18-50 years	99 years	Rs. 21,000	10 times Annualized Premium
Edelweiss Tokio Wealth Secure Plus- Child	18-40 years	100 years	Rs 24,000/-	7 x Annualized Premium

See More Plans

Invest More Get More

Invest ₹10K/Month YOU GET ₹1 Crores^* For Your Child View Plans

Invest ₹8K/Month YOU GET ₹80 Lakhs^* For Your Child View Plans

Invest ₹5K/Month YOU GET ₹50 Lakhs^* For Your Child View Plans

Standard T&C Apply *

Why Buy a Child Education Plan?

In case of the policyholder’s untimely death, child plans provide triple benefits for complete protection.

The life cover is paid to the nominee/family members to meet immediate expenses.
Future premium amounts of the market-linked child plan are paid by the insurer. Upon maturity, the amount is paid to the child.
The child gets monthly income to meet the regular expenses*.

*Varies on the basis of different child education plans.

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Protect Your Child's Financial Future! Discover the Perfect Child Plan on Policybazaar.com

Triple Benefits of Child Plan Explained

What are the Key Features of a Child Education Plan?

Here are the key features of child plans:

Lump-sum Benefit: The plan provides a lump-sum benefit to your children in the unfortunate event of your death within the policy term. This ensures that your child's education fund is not compromised, and they can continue their education without financial constraints.
Partial Withdrawals: Child education plans offer flexibility in withdrawals too. You can withdraw your money from funds anytime after 5 years. It helps you meet the child's educational milestones, such as admission fees, tuition expenses, or educational trips.

Waiver of Premium: With a child plan, you can secure your child's future without disrupting premium payments. In the event of your untimely death, the insurance company will take care of the remaining premiums. It ensures that the policy remains active and that your child doesn’t have to compromise his/her educational goals.
Tax Benefits: As the policyholder, you get tax benefits under sections 80C and 10 (10D) of the Income Tax Act in the child education plan. This means that the premiums paid towards the plan are eligible for tax deductions, reducing your overall tax liability. The tax benefits help maximize the returns on your investment, allowing you to save more for your child's education.
Life Cover: One of the top reasons to buy child plans is the life cover component. This means that if some unforeseen event happens during the policy term, a predetermined sum assured will be paid to your child. This ensures that the child's education is not disrupted even if you are not around.

What are the Benefits of Investing in a Child Education Plan?

Benefits of Child Plan

After the policy matures, parents have the flexibility to receive the maturity amount either as a lump sum or opt for the settlement option. With this feature, parents can choose to receive payments on an annual, semi-annual, quarterly, or monthly basis, extending over a period of 1 to 5 years after maturity.

You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)^

A life cover amount is paid to child to cater to their immediate needs in case of parent’s demise.

Future Premiums are paid by the insurer upon death of policyholder.

If parent buys a policy with longer period, company also contributes to child’s future fund-0.5% loyalty bonuses starting from the end of sixth policy year and 3.25% wealth boosters starting from the end of tenth policy year.

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Here are the benefits of investing in a Child Plan:

Future Security: By investing in a child education plan, you ensure that your child's educational needs are met, even in your absence. This offers peace of mind knowing their future is secure.
Disciplined Savings: These plans encourage you to save systematically, ensuring you set aside funds for your child's education consistently over the years.

Financial Protection: In the unfortunate event of your demise, the insurance component kicks in. Your family receives an immediate payout, and future premiums will be waived off, ensuring the policy continues without burdening the child.
Flexibility: Child plans offer you flexible payout options. This means you can choose to receive funds during crucial educational milestones, like college admission.
Tax Benefits: Your investments in child education plans can offer tax deductions. This means you can save money while ensuring your child's educational future.
High Returns: These plans often come with the dual benefit of insurance and investment. By choosing the right plan, you stand a chance to earn higher returns compared to traditional savings.
Tailored Solutions: You can choose a plan that aligns with your financial capabilities and your child’s future educational needs. Some plans even allow partial withdrawals for emergencies.
Inflation Shield: As educational costs continue to rise due to inflation, having a child education plan helps you stay prepared. Your child can pursue the best courses without financial constraints.

Tax Benefits on Child Education Plan

Sections of the Income Tax Act, 1961	Tax Benefits under Child Education Plan
Section 80C	Premiums paid for your policy are eligible for tax benefits. The premium paid under the child plan, up to an amount of 1.5 lacs, is tax deductible.
Section 10(10D)	Get Tax-free maturity from your child plan with an annual premium of up to 2.5 lacs. Maturity benefits received at the end of the term or in case of your death are tax-free.

Types of Child Education Plans

1

Child Unit Linked Life Insurance Plans (ULIPs)

As a parent, you undoubtedly want to provide your child with the best education possible, whether it's at esteemed national institutions or prestigious foreign universities. However, relying solely on your savings may not be sufficient to meet the various expenses associated with such education. Market-linked child plans can enable you to create the necessary funds for fulfilling your child's ambitions.
2

Capital Guarantee Solutions

If you are looking for a safe and reliable investment option for your child's future, capital guarantee solutions are for you. They provide a guarantee that the initial invested capital will be protected, regardless of market fluctuations or economic uncertainties. This means that no matter how the financial markets perform, the principal amount you invest for your child will be safeguarded.
3

Guaranteed Return Plan (Traditional Plan)

Guaranteed return child plans are designed to provide guaranteed returns on investment along with insurance coverage for your child's future. These plans offer you a secure way to accumulate funds for your child's education or other important milestones. Unlike market-linked plans, traditional plans offer a predetermined rate of return throughout the policy term. This means that you can plan your child's future with more certainty, knowing the exact amount you will receive at maturity.

How Does a Child Education Plan Work?

Let’s understand this with the help of an example:

Mr Sharma, a 40-year-old professional, invests in a child plan for his daughter’s higher education. He can choose to pay the premium in lump sum, annually, half-yearly, or monthly. Now, consider the following figures for calculation:

Current age of the child: 10 years

Invested amount (monthly): Rs. 10,000

Invested for 10 Years

Withdraw After 20 Years

Rate of return amount: 19.93%*

In case of outliving the policy term: After the policy matures, the maturity amount that Mr. Sharma will receive is Rs. 1.72 Cr*. The amount can be used for the child’s higher education, considering that the inflation rate is approximately 6%.

And, in case of Mr. Sharma’s death in the 7th policy year, his daughter will still get the life cover**. The child will also get other benefits like a waiver of premiums and a monthly payout depending on the terms of the plan.

*The rate of return is subject to market performance.
**Depending on the plan the nominee will either receive full life cover or partial.

What is Life Cover and its Importance in Child Plans?

Life cover in a child plan is a financial safety net for your child in case of your untimely demise. It provides a lump sum amount to the beneficiary (usually the child), which can be used to meet the child's financial needs, such as education, marriage, and other expenses.

Here is why life cover is important in child plans:

Financial security for your child: In the unfortunate event of your death, life cover in a child plan will provide your child with a financial cushion to meet their needs. This can help them to achieve their life goals, even if you are not there to support them financially.
Peace of mind for you: Knowing that your child is financially secure in case of your death can give you peace of mind. This can allow you to focus on other aspects of your life, such as your career and your family.
Affordability: Life cover in a child plan is relatively affordable, especially when you consider the long-term benefits it provides. You can choose a life cover amount that fits your budget and your child's needs.

Why Buy Child Insurance Plan?

Secure your child’s future even in your absence

in case of unfortunate death of parent

Life Cover paid to family to meet immediate expenses

Future premiums are paid by the Insurance Company. On maturity, amount is paid to the child

Child gets Monthly income to meet the regular expenses

How Much Should You Invest in Child Education Plans?

The amount to invest in a child plan depends on various factors, including your financial situation, goals, and the cost of education. It is recommended to start investing as early as possible to take advantage of compounding growth in the child education plan. A general rule of thumb is to aim to save at least 20% of the estimated cost of education. However, this percentage may vary based on your income, other financial obligations, and the time remaining until your child starts their education.

So, setting a realistic budget that aligns with your income and expenses is important. Consider estimating the future cost of education, factoring in inflation and potential scholarship opportunities. Additionally, review the investment options and contribution limits of the specific child plan you choose. You can use our Child Plan Calculator to understand your investment requirements.

How to Buy a Child Education Plan From Policybazaar?

By following the steps below, you can make an informed decision and choose the best child education plan for your needs:

Step 1: Visit the ‘Child Plans’ section on Policybazaar’s website

Step 2: Fill in the details on the form, such as Name and Mobile Number

Step 3: Click on ‘View Plans’

Step 4: Enter the required information

The city you reside in
Your age, your child’s age
Your annual income

Step 5: All the child education plans list will be displayed.

Step 6: Customize your plan by choosing the (i) investment amount, (ii) the number of years you want to stay invested, and (iii) the number of years you want to withdraw after.

Step 7: You can easily compare the plans from different insurance companies and choose the one that is suitable for your financial needs.

Step 8: After choosing the best child plan, proceed to Pay

You can choose the best child education plans from Policybazaar and enjoy benefits such as extra payout compared to offline plans. No hidden charges, full transparency, and clear explanations of charges and returns. Expert advice from certified advisors. 100% recorded calls ensure honest selling, with utmost transparency and honesty.

How to Choose the Right Child Education Plan?

If you are not sure which child plans to buy, consider the following key points before making a purchase decision.

Look for Triple Benefits: A child plan offers triple benefits for comprehensive protection. The triple benefit includes life cover for the parent, waiver of premiums on the death of a parent, and monthly income for the child. This structure makes a child education plan a perfect choice for securing your child's future.
Check for Partial Withdrawal Options: Child plans offer the option to withdraw up to a limit from the plan during the policy term. This benefit helps you to be prepared financially for the different life stages of your child.

The Reputation of the Insurance Provider: Seek out financially stable companies with a favorable claim settlement ratio. This ensures their ability to fulfill commitments upon plan maturity or in case of unforeseen events.
Plan Flexibility: Look for child education plans that offer flexibility in premium payment options, policy terms, and coverage, among other things.
Diverse Investment Fund Options: Market-linked child education plans offer you the option to select from different funds like debt, equity, and a combination of both according to your risk appetite.

Also, remember that the earlier you start, the more benefits you get. Starting your investment early helps to build a larger corpus, which in turn, gives greater freedom in making any financial decision.

What is the Child Education Plan Claim Process?

The claim process for child plans involves the following steps:

Informing the insurance company: In the event of a claim, you should immediately inform the insurance company about the incident. Contact the insurer's customer service or claims department and provide them with the necessary details. You can also reach out to Policybazaar’s dedicated claims settlement team for smooth processing.

Documentation: You will have to provide a few documents to process the claim, including:
- Claim form: You need to fill out a claim form with accurate and complete information.
- Policy document: Provide a copy of the child insurance policy.
- Medical records: If the claim is related to medical expenses, you may need to submit medical reports, bills, prescriptions, and any other relevant documents.
- Proof of identity: Submit a valid proof of identity, such as an Aadhaar card, PAN card, or passport.
- Incident-related documents: If the claim is due to an accident or loss, you might need to provide relevant documents, such as a police report, FIR (First Information Report), or any other supporting evidence.
Submitting the documents: Gather all the required documents and submit them to the insurance company within the specified timeframe. It is advisable to keep copies of all documents for your records.
Verification and assessment: The insurance company will review the submitted child plan documents and assess the claim. They may conduct their own investigations or request additional information if needed.
Claim settlement: Once the claim is verified and approved, the insurance company will process the settlement. The settlement amount will depend on the terms and conditions of the child plan. The insurer will pay the policyholder or the nominee, as applicable.

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What are the Advantages of Early Planning for Your Child's Education?

There are many advantages to early planning for your child's education. Here are a few:

You can save more over time: The earlier you start saving, the more time your money has to grow. This is because of compound interest, which is when you earn interest on your interest.
You can reduce your financial stress: The cost of education is rising rapidly, and it can be difficult to keep up. By planning early, you can gradually build up your savings and avoid having to come up with a large sum of money all at once.

You can have more options: If you start planning early, you will have more time to research different educational options and choose the one that is best for your child. You may also be able to qualify for financial aid or scholarships.
You can teach your child about financial responsibility: By starting to save for your child's education early, you can teach them about the importance of saving money and planning for the future.
You can give your child a better chance at success: A good education is essential for success in today's world. By planning early, you can ensure that your child has the financial resources they need to get a good education and achieve their goals.

Conclusion

Child Plans are a smart way for parents to save for their kids' future education. By starting early, you can make sure your child has the funds they need, even if life throws unexpected challenges your way. With these plans, you're not just saving money; you're giving your child the gift of education without financial worries. In short, it's a way to make sure your child's dreams have the support they need to come true.

Frequently Asked Questions

What is a Child Education Plan?

A Child Education Plan is a financial product designed to help parents save and invest money to fund their child's education expenses. It is an investment plan that provides a disciplined approach to building a corpus to meet future educational needs. These plans offer features like regular savings, investment growth, and protection benefits to ensure that the child's education goals are met, even in the event of an unfortunate incident.
What is the tax benefit of the Child Education Plan in India?

In India, the tax benefit of a Child Education Plan depends on the type of plan you choose. If you opt for a child insurance plan, the premiums paid towards the plan may be eligible for tax deductions under Section 80C of the Income Tax Act up to a maximum limit of Rs. 1.5 lakh per financial year. Additionally, the maturity or death benefit received from such plans for investments up to Rs. 2.5Lacs/year is tax-exempt under Section 10(10D) of the Income Tax Act.
Which plan is best for child education in India?
Here is a list of the best child education plans in India*:
- TATA AIA Fortune Pro
- Bajaj Allianz Smart Wealth Goal II
- Max Life Online Savings Plan
- Edelweiss Tokio Wealth Secure Plus
- ICICI IPru Smart Kid Plan
- Aviva Young Scholar Secure
- Bajaj Allianz Young Assure
*This is just a list of available plans, not in any descending or ascending order. Policybazaar doesn’t promote any specific plan.

What are the Documents Required to Buy a Child Insurance Plan?

Documents Required	Acceptable Documents
Proof of Age (Any one of them)	Birth Certificate Class 10 or Class 12 report card (Marks sheet) Passport
Proof of Identity (Any one of them)	Aadhaar card Passport PAN Card Voter ID
Proof of Income	Document showing the income of the insurance buyer
Proof of Address (Any one of them)	Telephone bill Electricity bill Ration card Passport Driving License
Proposal Form	Duly filled proposal form

What is unique about the child plan?

A child plan is an investment product that helps create a corpus for the future of your child, over a policy term. These policies pay a lump sum payment upon maturity that can be used to pay the education fees or wedding expenses of your child. It also acts as a life insurance plan for your child in case something unforeseen happens to you during the policy term. All these features make a child plan unique.
Mutual funds, on the other hand, are investment vehicles with no specific child-centric features. Child plans provide a more focused and tailored approach for long-term financial security for your child.
What is a child's life coverage?

Child life coverage is a pre-specified lump sum payment that the nominee/policyholder gets in case of the policyholder's death within the policy term.
Are child plans more secure than mutual funds?

Child plans often come with an insurance component, providing a safety net in case of unforeseen events. Mutual funds, being market-linked, do not offer this level of financial protection.
Can I customize a child plan to suit my specific requirements?

Yes, child plans offer customization options based on factors like premium amount, policy term, and payout structure, allowing you to align the plan with your child's unique needs. However, mutual funds are not customizable.
Do child plans provide a guaranteed maturity amount compared to mutual funds?

Yes, many child plans offer guaranteed benefits, providing a clear and defined amount that will be available for your child's future needs.
How important is it to buy a child insurance plan?
Any parents who do not wish to compromise on the bright future of their children and want to secure their financial future should look into buying a child insurance plan. Listed below are some of the key reasons why a child should be equipped with such a policy.
- Use as the Collateral: In case a parent needs to avail of an education loan for the child in the future, then the child plan can be used as the collateral.
- Fund Higher Education: The corpus built through a child education plan can be used to fund private tuitions, hostel accommodation, studies in a foreign nation, etc.
- Medical Treatment: In case the child gets admitted due to an accident or any other medical condition, the child's insurance plan permits to withdrawal lump sum amount from the yet-to-mature policy.
- Tax Benefits: The premiums paid towards the child plan remain tax exempted under Section 80C of the IT Act. The maturity benefits also remain tax exempted as per Section 10 (10D).
Note: Tax benefit is subject to changes in tax laws
When can one withdraw money from the child plan?

One can easily withdraw the entire sum at any point after 5 years of the policy and before the end of the policy term. Partial withdrawals are also allowed with child plans that you can use towards your child’s liquidity needs.
Are the proceeds from the child plan tax-free?

Yes, the money withdrawn from the child plan and the money received on death or maturity is entirely tax-free under section 80C and 10(10D) of the Income Tax Act, 1961.
When to buy a child education plan?
Ideally, you must buy the best child education plan as soon as your kid is born. Nevertheless, buy a child education plan only when you understand the variable given below:
- Knowledge – Inflation is an antecedent of rising costs and such surging costs do not allow savings. Even if you manage to save, such savings are eventually used in financial contingencies when your savings are not allocated to meet specific causes.
- Type of Plan – Child plans come in both kinds of insurance variants namely, unit-linked insurance plans, and traditional plans. It is up to you to decide whether you want to experience market risks and reap better returns or want a traditional plan for guaranteed returns.
- Benefits – Once you've decided the type of plan you'd like to buy, you must compare the benefits of the plan. Do thorough research and find out what the policy's death benefits and maturity benefits are. Also, find out if the plan comes with any bonus if it's a traditional child policy.
Figure out if there is any feature of guaranteed additions in the ULIP plans. Guaranteed additions and bonuses play an important role in enhancing the financial corpus accrued and must be given due consideration.
Can I purchase a child insurance plan for my 15-year old kid?

Yes, you can buy a child plan for your 15-year old kid via two modes – offline and online. In the offline mode, you need to schedule a meeting with an insurance agent of the insurer or visit the insurers' office. Or you can simply visit the website of insurance web aggregators and insurers.
What is the difference between a nominee and a beneficiary?

As the name suggests, a nominee in a child policy is a person who is appointed or nominated by the insured to take care of his/her assets, financial records, etc. after his demise. The nominee becomes responsible for disbursing the profits or earnings among the legal heir. A beneficiary in a child education plan is a person who has a financial interest in the policyholder's life. The beneficiary can either be a financial institution like a bank that provides finance/loans to the insured or legal heirs. In some cases, the beneficiary and nominee can be the same individual.
Why is beneficiary or nominee important in a child plan?

Beneficiary plays a crucial role in a child's plan. When the parent dies, all the money goes to the beneficiary. Hence, it is really important that you know and understands the role of the beneficiary properly. Once you are aware, choose a beneficiary wisely if you want the proceeds to go to your child and not be misused.
How can I choose the right child education plan?
You must choose the right and the best child education plan after carefully considering the factors mentioned below:
- Premium Waiver Benefit
- Your monthly saving
- Number of children
- Adequate cover
- Rate of inflation
- Market conditions
How much does it cost to insure a child?

The amount of premium will be based on several factors such as the term of the policy, age, the sum assured, etc.
What is the meaning of child life coverage?

Child life coverage is the sum assured on death that is offered to the nominees in the event of the policyholder’s death.
Who should you buy a child insurance plan?

If your kid is aged between 0 and 15 years, you must buy a child plan for your child. Moreover, any individual who wishes to create a financial corpus to fund your child's education and beat inflation via regular investments must opt for a child insurance plan.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.