Sentences with phrase «child insurance plans i.e.»
The above - mentioned details briefly describe the three types of child insurance plans i.e. the traditional life insurance plan, money back endowment plan and unit linked plan.
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Just like a life insurance policy, on the demise of the insured life the plan hands the sum assured to the nominee of the policy i.e. the child.
A child life insurance plan offers a lump - sum amount to the beneficiary (i.e. child) on the death of the policyholder.
Travel insurance plan only covers those dependents who are related, i.e., not your child's best friend.
The insurance company offers a premium waiver if the parent (i.e., the insured) passes away during the policy term of a child plan.
Understanding the necessity of every individual, we at policybazaar.com have designed this page by focusing on all the products offered under this insurance, i.e. term plans, ULIP plans, child plans, pension and investment plans.
Under child plans, Life Insurance companies offers a premium waiver if the parent (i.e., the insured) passes away during the policy term of a child plan.
In Stage 2, as you settle down in your career and also get married and have children, buy another term insurance plan with bigger cover that covers you till Stage 6, i.e. your retirement age.