Bharti axa life power kid insurance plan is a unit linked insurance policy. This is a non-traditional and non-participating plan without bonus facility. Bharti axa's life power kid insurance plan plan is designed to help meet the future needs of your kid. Here the parent becomes the life assured and the child is the beneficiary.

Features and benefits:

• Education allowance option -10% of the base sum assured will be paid every subsequent policy anniversary till policy maturity.

• Accidental death benefit rider -In case of the insured individual's demise due to accident, an additional benefit equal to the base sum assured will be paid.

• Career development allowance- the insurance company will pay 15% of residual fund value at the start of each of the last five years of the plan term.

• Emergency allowance -In case of immediate liquidity needs, rs. 1l will be paid within 48 hours of the submission of relevant claim documents.

• Premium payment- premiums can be made monthly, quarterly, half yearly or yearly.

Eligibility criteria:

• The minimum age at entry is 21 years.

• The maximum age at entry is 50 years.

• There are two plan terms - 15 years and 20 years.