Here, we will show you how
investing in a child insurance plan can help you secure your child's future financially.
26 % parents have
invested in child insurance plans that drain away the risk on the education of the child if the parent is no more.
When, as a parent, you decide to
invest in a child insurance plan, you undertake to assure that your child's future will be secured no matter whatever your future holds.
The impetus which pushes people to
invest in a child insurance plan is the safety of the child's future financially, a future which will not be hampered if the parent meets with an unexpected and an unfortunate death pre-maturely.
Extra curricular activities require additional finances that can be met by
investing in a child insurance plan.
Investing in a child insurance plan helps you in financial planning to meet your child's future needs.
By
investing in a child insurance plan, you can gift your child a secured future and he / she can easily fulfill the dreams.
But, what is the main purpose of
investing in child insurance plans?
By
investing in a child insurance plan, you need not to worry about the rising cost of education and finance needed for your child's education.
Being a parent, it's your prime responsibility to guard the future of your child, and you can do this by
investing in a child insurance plan.
Investing in a CHILD INSURANCE PLAN ensures a safe future for your child and is one of the prudent ways to accumulate a corpus for them.
Not exact matches
One way to save money on your
child's braces is to
invest in a dental
insurance plan that include orthodontic treatments — such as braces — or buy a membership to a dental
plan with orthodontic coverage.
LIC jivan saral = 36190 / ys (7.5 lc life cover), + LIC - jeevan anand + money back = 11000 / year (2 lac life cover), + Lic
child future = 11000 / ys (2 lac life cover), + Birlasunlife clasic
child plan 30000 / yr (7.5 lac life cover)(money ivested
in equity
in top 20 fund as
plan says), + Birla sunlife dream retirement
plan (35000 / year (25 lac life cover)(money
invested in equity
in enhanser
plan) + Lic jeevan Amulya - Term
insurance = 6750 / year (25 lc life cover) + Parent medical
insurance = 11129 / year + Recurring deposit = 10700 / month for 3 years (9.5 % interest) + Loan EMI = 15736 / month (17 years loan remaining = 14 lac remaining amonut) + PF = 40000 / year I have Two girl kids.
Investing 3000
in RD to meet yearly expenses (
Child eduction and other
insurance payments) Im
planning to
invest in the following SIP — 1) Franklin Prima plus — 1000 for 5 year 2) Tata Balance Fund — 1000 for 10 years 3) UTI Mid cap — 1000 for 15 years Is my selection correct or any changes are to be made.
529
plans are great accounts to
invest in to help you save for your
children's college years and life
insurance will be there if you die too soon and still want to ensure their tuition is covered.
By
investing in a
child plan, you get the much needed support from your
insurance provider.
Child Endowment
Plans - The premium is
invested in debt instruments while the decision is at the kept with the
insurance company.
Parents
in India are of the notion that
investing in a good
child insurance plan is a complete waste of money.
LIC Komal Jeevan Life
Insurance Policy is a great
plan to
invest in for a brighter future of your
child.
Like endowment and ULIP
plan,
in child insurance plan a part of the premium paid goes towards paying the life coverage and the rest amount
in invested in various investment instruments like equity, debt, etc. however, the portion deducted towards investment is very small, as the insurer deducts the premium allocation charge beforehand.
Saving and
investing early
in a disciplined manner by opting for a life
insurance plan will enable one to create an adequate corpus to fulfil their
child's desires and ambitions
in the future.
Child Endowment
Plans The premium is
invested in debt instruments while the conclusion is at they kept by the
insurance company.
As the sum assured received through a term
plan is fixed, financial advisors recommend
insurance buyers to
invest in alternate instruments such as savings
plans,
child plans, and other related investment instruments to keep the flow of income constant.
Term
insurance + PPF / other suitable investment options can be a better choice than to
invest in child plans.
Child Insurance Policies can be market - linked allowing policyholders to
invest in equities and debt or they can be traditional
plans allowing
investing in debt only.
Investing in a good
child insurance plan, serves a dual purpose of investment and
insurance for your
child.
A
child insurance plan has certain feature that make it an ideal choice for parents.So if the policyholder dies, all the future premiums are waived.Also,
in the case of this eventuality, the company not only offers a lump sum but also continues
investing the money on behalf of the deceased.
You can compare Sahara
child insurance plans from other
child insurance plans offered by other life
insurance companies online and
invest in the best
child insurance plan that suits you.
So, we did some background checks and market trend analysis to give you the best five
child insurance plans to
invest in 2018.
If you really want to
plan for your
child's future than go for 1 crore pure term
insurance plan and then start
investing money
in Mutual funds or SIP.
I'm already
investing in SIP and I want to go for either a Term
insurance plan or
Child plan.
Child insurance plans pool
in premium money from all polices and
invest the pool
in multiple investment instruments as per the policy, and the same is created with Equity, debt & money market exposure.
Investment
in a
Child insurance plan is really helpful and you only need to do a proper financial
planning prior to
investing.
3)
Child Unit Linked
Insurance Plan — Max New York Life Smart Steps Plus In this plan the investment risk is borne by the insured as he chooses where his premium after deductions should be inves
Plan — Max New York Life Smart Steps Plus
In this
plan the investment risk is borne by the insured as he chooses where his premium after deductions should be inves
plan the investment risk is borne by the insured as he chooses where his premium after deductions should be
invested.
Alternatively, you can consider the term
insurance plan and
invest the balance
in Sukanya Samriddhi Yojana Scheme (if you have girl
child) or
invest in top mutual funds and redeem them and use for your
child education needs.
Investments
in the Unit - linked
insurance plans, which provide life
insurance and
invest in equity,
in the name of self, spouse and a
child, are entitled to tax deduction under Section 80C.
Traditional
child plans do not offer investment steering
in your hands rather the
insurance company
invests your money as per the regulator's guidelines.
Should you
invest in LIC Jeevan Tarun
Insurance Plan for
Children?