It will also help in selecting a suitable
child education plan as per individual requirements, one that is best for the child's needs.
Child education plans bring a ray of hope in the life of families everywhere with the myriad benefits and big returns, which they bring.
SBI Life Smart Scholar: SBI Life offers this unit - linked non-participating
child education plan which offers the twin benefit of investment and insurance.
Our children plans are specially designed to take care of your child's ever changing requirements: from
child education plan for rising educational costs to financial planning, extracurricular needs or even wedding, which are included in our savings plans for children.
Child education plan gives you various benefits such as life cover, building a corpus for the child's future needs and the option of adding specific riders.
There are so
many children education plans mushrooming in the market that educate you on how to start and when to start but parents fear buying it from the insurance agents as the latter intend to push their products on them only to earn more commission.
Aegon Life EduCare Advantage Plan — A
participatory child education plan with a limited premium payment option which provides lump sum payouts in the last 4 years of the policy's life.
Pune, India About Blog Learn about financial planning, investments, banking, insurance, mutual funds, gold, markets, taxation, gold, retirement planning,
child education planning Frequency about 1 post per week.
SBI Life offers this unit - linked non-participating
child education plan which provides the twin benefit of investment and insurance.
Child education plan gives you various benefits such as life cover, building a corpus for the child's future needs and the choice of adding specific riders.
Though it is
child education plan, it also guarantees an immediate lump sum payment on the policy holder's death.
This is
a child education plan offered by Shriram Life Insurance.
This child education plan provides long - term investment opportunity to build a bright future for your child and they provide comprehensive insurance cover ensures that your plan for your child's future continues unaffected, in any unfortunate event.
Like the four
child education plans, mentioned above, this plan also allows you to enjoy income tax benefits.
Child education plans are designed to provide financial security to your child so that his or her education never gets hindered due to any unfortunate event in the future.
Death benefits, maturity benefits, and loyalty additions are the obvious benefits guaranteed by
this child education plan.
Both death benefits and maturity benefits are guaranteed under
this child education plan.
Almost
all child education plans in India offers the inbuilt waiver of premium rider and this plan is no exception to this.
If you are thinking of investing in
a child education plan for the future of your child, the below details you must go through well.
In fact, starting
the child education plan when the child is say 5 years old or when he or she is 10 years old, may eventually translate into having to take a loan to pay off the tuition or college fees in the latter case.
Thus, the money will be utilized only for the child's education which was the actual rationale for buying
the child education plan.
Even with minimum premium payment, child plans are able to provide as much as 10 times the amount paid in
the child education plan.
Apart from the premium waiver benefit, accidental death benefit and accidental total and permanent disability benefit riders are the integral parts of
this child education plan.
A Child Education plan offers the combined benefits of savings and protection.
This lump sum amount in
child education plans can be foremost utilised towards education expenditure.
Let us take a detailed look at
this child education plan along with its features and benefits:
This child education plan is a type of non-linked deferred participating endowment plan.
The child education plan also instils discipline and helps form the habit of saving to secure the child's future.