Paragraph match score 81.7%
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How Does a Child Money Back Policy Work?
15% of Sum Assured will be paid at the end of 5th, 9th and 13th policy years, The remaining 55% of Sum Assured + Any accrued bonuses will be paid at the end of the 16th policy year
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How Does a Child Insurance Plan Ensure Your Child’s Future?
Canara HSBC Money Back Advantage Plan comes with a policy term of 16 years and a premium payment term of 10 years. It offers regular payouts of 15% of the total sum assured, at the end of the 5th, 9th & 13th policy year. Finally, at maturity of the policy, you will receive a guaranteed lump sum amount, which shall be equal to 55% of the total sum assured, along with accumulated bonuses at simple rates.