Insurance Policy For Child In India
Child insurance policy will make your child live his or her dream.
Insurance policy for child in india. Benefits of child insurance plans. It is a child insurance policy that helps the policyholder to secure the future of the child. 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. 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.
Child insurance plans help you fulfil child s dream with a best life insurance cover and meet your child education investment marriage needs. Policy offering the maximum renewal ceasing age should ideally be a lifetime renewable policy. It could be for further studies marriage etc. Children younger than 5 years should be covered under the policy if both parents are already from the 91 st day onwards.
With a child insurance plan the parent can be assured that all the requirements of the child will be taken care of even if the parent is not around. Buy sbi life child plans at rs 500 month. A child insurance plan is a combination of savings and insurance which help the individuals to plan for the financial future of the child. 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.
These cookies are set in order to secure your browsing improve your user experience and enable us to compile. As the child is born you can make an investment to the child s future plan with the aid of child insurance policy. This will serve two purposes. Apart from this there are some more things that you must check such as maturity amount waiver period partial withdrawals and lots more.
The policy offers the provision to withdraw saving at different important milestones in child s life stage which allows withdrawal at different intervals. Lic of india came into existence on september 1 st 1956 through the life insurance corporation act passed by the indian parliament. 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. Child insurance plans are the best way for investing in your child s future.
One you can financially secure your child s future and secondly finance for the major events in your child s life. 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. Lic child money back plan is a traditional participating money back insurance policy which pays the benefit in important times ages of the child to ensure the child receives the required finance for higher education and marriage. By pursuing your navigation on our website you allow us to place cookies on your device.
Policy offering coverage for your child aged 5 years and upwards. If you take life insurance.
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