Common use of Cover C- Schooling Clause in Contracts

Cover C- Schooling. benefit(s) This benefit provides in case of death of the Life Assured prior to the maturity date of the Contract, the annual payment of a schooling annuity for each selected child from the date of death of the Life Assured and up to the maximum child’s age as selected by the Contract Owner at the effective date of the Contract as shown in the (T.B. and C.) or any subsequent endorsement. The schooling annuity amounts stated in the (T.B. and C.) are increased on a compound basis by the annual benefits variation rate, if any, and the first payment is prorated for the period from the date of death of the Life Assured to the next anniversary date of the Contract.

Cover C- Schooling. benefit(sbene2t(s) This benefit provides in case of death of the Life Assured prior to the maturity date of the Contract, the annual payment of a schooling annuity for each selected child from the date of death of the Life Assured and up to the maximum child’s 's age as selected by the Contract Owner at the effective date of the Contract as shown in the (T.B. and C.) or any subsequent endorsement. The schooling annuity amounts stated in the (T.B. and C.) are increased on a compound basis by the annual benefits variation rate, if any, and the first payment is prorated for the period from the date of death of the Life Assured to the next anniversary date of the Contract.