Insurance Policy For Child In India
On maturity a lump sum amount is offered by the child plan which can be used to fulfill the financial requirements of the child like financing his her higher education and marriage etc.
Insurance policy for child in india. Child insurance plans help you fulfil child s dream with a best life insurance cover and meet your child education investment marriage needs. This will serve two purposes. A child policy must be offering many types of child insurance policies such as premium waiver benefit accidental death and disability benefit critical illness rider benefit and much more just look for that. As the child is born you can make an investment to the child s future plan with the aid of child insurance policy.
Major events in the child s life like marriage or higher studies can be planned and financed by child insurance policies if the parent takes adequate. Children younger than 5 years should be covered under the policy if both parents are already from the 91 st day onwards. The policy offers the provision to withdraw saving at different important milestones in child s life stage which allows withdrawal at different intervals. Apart from this there are some more things that you must check such as maturity amount waiver period partial withdrawals and lots more.
Child insurance policy will make your child live his or her dream. By pursuing your navigation on our website you allow us to place cookies on your device. Child insurance plans are the best way for investing in your child s future. Child insurance plan is a protection cum investment plan that provides life protection to the child and helps the parents to create a financial back up for the child s future.
It could be for further studies marriage etc. Lic child plans are child insurance policies offered by one of the oldest and the most trusted insurance companies in insurance sector of the country the life corporation of india lic of india. Buy sbi life child plans at rs 500 month. Lic of india came into existence on september 1 st 1956 through the life insurance corporation act passed by the indian parliament.
A child insurance plan not only secures the financial future of the child but also provides flexible payouts at specific intervals of time so that they can achieve the major milestones of life. Policy offering coverage for your child aged 5 years and upwards. From a very early age of the child the parent can invest fixed amounts every year which can be timed to mature when the child attains a certain age say 18 years. One you can financially secure your child s future and secondly finance for the major events in your child s life.
A child insurance plan is a combination of savings and insurance which help the individuals to plan for the financial future of the child. It is a child insurance policy that helps the policyholder to secure the future of the child. If you take life insurance. Parents in india want to secure their child s future and hence they take a life insurance plans that come along with investment plan.
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