Juvenile 30/100 is a comprehensive package that provides both life insurance and critical illness insurance for your children. The insurance has a flexible structure with monthly premium payment up to 30 years old. The plan covers four critical illnesses and five childhood diseases. Critical illness amount for this plan is 10% of the total life insurance.
Juvenile 30/100 is so named because on expiry, the term to age 30 can be converted to term to 100 insurance while still ensuring that the rates involved in the contract would be competitive. The plan also includes accidental fracture which is given as a supplementary benefit for a minimum of $4 per month.
Why Get an Insurance Coverage for Your Children
Getting an insurance coverage for your children such as Juvenile 30/100 will help you keep your children protected at highly affordable premiums. The maximum amount for this life insurance is $500,000 but you can also opt for $100,000 or $250,000. The insured amount is automatically indexed by 10% every year during the first 10 years.