In addition,
child insurance plans also provide life insurance cover on the parent's life, thus ensuring financial security to the child in the event of an unfortunate demise of the parent.
Max Life Insurance offers comprehensive life insurance and
child insurance plans for long - term savings and protection to more than 30 Lakh customers.
Max Life
Child Insurance Plans have been specially customized to address your child's future needs, even in your absence.
Child insurance plans provide you the flexibility to invest based on your child's education needs, your current financial status, and other monetary goals.
Child insurance plans not only help you build a corpus towards these goals but also protect children's future in your absence.
But, what is the main purpose of investing in
child insurance plans?
Life Insured In
some child insurance plans the parent is the life insured.
Max Life
Child Insurance Plans ensure that your child's future financial needs are taken care of even in your absence.
Child insurance plans provide both life insurance cover and fund accumulation for the child.
This is where
the child insurance plans take the stage.
Here are some of the points that they need to consider while evaluating the various
child insurance plans that are available in the market today.
This is the reason a lot of parents prefer choosing
child insurance plans that are created to ensure that their children have a secure and prosperous future.
Additional benefit:
Some child insurance plans also provide a guaranteed yearly income to your children for the rest of the premium paying period in case of early death of their parents.
There is really no better gift you can give your child, than the promise of a secure future with YoungStar Child Plans that encompass
child insurance plans & child education plans from HDFC Life.
HDFC Life's YoungStar Plans encompass
child insurance plans and education policies from HDFC Life.
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.
For example, majority of
child insurance plans come with systematic transfer plan and dynamic fund allocation options.
Don't buy
Child insurance plans / Endowment / Money - back plans.
Based on «exempt, exempt, exempt» principle, the premiums you pay for
your child insurance plans offer tax deductions under Section 80 (C) & the amount you receive at time maturity is tax exempted of 10 (10D) of the IT Act.
These life insurance policies can be classified in terms of the customer segment they cater to such as
child insurance plans, retirement plans and savings and investment plans.
In case of
child insurance plans the child gets dual benefit if the Policyholder dies during the currency of the policy.
Child insurance plans offer periodic payouts that help the children with their education needs even during the policy tenure.
Child insurance plans offer several core benefits which is why they are the go - to tool for every parent.
Sahara
Child Insurance plans help you provision for your child's future expenses so that you are not pressed for finances when you need it the most.
The two variants of
child insurance plans are market - linked policies or unit - linked plans (ULIPs) and traditional or endowment plans.
Most
child insurance plans offer the premium waiver benefit as an essential feature in the primary plan or as an option.
Some of the common products that is offered by the company are life insurance plans, pension plans,
child insurance plans, unit linked plans, special plans and group scheme.
So, we did some background checks and market trend analysis to give you the best five
child insurance plans to invest in 2018.
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.
Child insurance plans help you realize your dreams of not letting any unanticipated eventualities detriment the future of your child.
Child insurance plans are available as traditional and unit - linked (ULIPs).
Here's our list of top
child insurance plans to watch out for in 2018.
While
child insurance plans take care of all the financial needs of one's child, retirement plans guarantee a financially independent post-retirement life.
Here are a few riders that are usually offered with popular
child insurance plans:
Although, investing as a whole is a good habit, the fact is that
child insurance plans score over mutual funds and term plans.
Child insurance plans must permit partial withdrawals.
Child insurance plans can either be ULIPs or endowment plans.
The abundantvariety of
child insurance plans existing in the market can be a little intimidating, especially if you are a new investor.
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.
Though
child insurance plans are varied in nature, what they all have in common is that in case of your unfortunate demise, your ward shall be paid a lump sum payment (death benefit), and the insurer continues to deposit money on your behalf in your ward's account under the» waiver of premium benefit».
Five compelling reasons to buy
child insurance plans Child insurance plans are basically long - term investments that help plan for the future.
How to compare the different
child insurance plans available in the market today?
Child insurance plans can be broadly classified into two types: unit linked and traditional.
With about 28 or more insurance companies selling a child insurance policy and different varieties of
child insurance plans available in the market today, it becomes very difficult for an average customer, who is a layman to make the correct buying decision.
Here is a quick look at the various types of
child insurance plans and what every parent must know before picking one for their little superstar.
Child Insurance Plans for NRI's are specially designed to meet your child's future requirements.
Take a look at
our Child Insurance Plans and give your child the best gift of a secure financial future today.
The PNB MetLife's
child insurance plans like MetLife Smart Child and PNB MetLife College Plan are specially designed to take care of your child's expanding requirements.
Child insurance plans are tailor - made to meet the future financial needs of your children.
Child insurance plans are available in both forms — unit - linked plans and traditional plans — to suit individuals with varying risk profiles.