The pros and cons of this plan
versus child life insurance plans could be worthy of a longer discussion that you should probably have with your accountant or tax adviser.
Exide Life New Creating Life Insurance Plus is a non-linked
Participating Child Life Insurance Plan that helps you arrange funds required for key milestones in your child's life like his / her higher education, marriage, etc..
Since higher studies or a wedding happen only when the children have crossed the age of 18 and 21 respectively, opting
for child life insurance plans when your children are 1 - 5 years old means that a significant corpus builds up by the time they reach these specific ages in addition to providing them with a protective life insurance cover.
The premium paid
under child life insurance plan is eligible for deduction under Sec. 80C and any income received under the plan is exempt from tax under Sec. 10 (10D).
Exide Life New Creating Life Insurance Regular Pay is a non-linked
Participating Child Life Insurance Plan that helps you to arrange funds for key milestones in your child's life like his / her higher education, marriage, etc..
When purchasing the Protect
My Child life insurance plan, premium rates can start as low as $ 6.37 per month.
A child life insurance plan offers a lump - sum amount to the beneficiary (i.e. child) on the death of the policyholder.
For example, with
a child life insurance plan, you can plan for your children's upbringing, their education and even their marriages, right from the day they're born.
In simple terms,
a Child Life Insurance Plan gives wings to your child's dream goals.
When purchasing the Protect
My Child life insurance plan, premium rates can start as low as $ 6.37 per month.
You can do so by choosing
the child life insurance plans, offered by SBI, and provide the best savings and protection for your children's needs.
Any parent may purchase
a child life insurance plan on his or her children because parents have an insurable interest in their children.
Child life insurance plans, no doubt, aim to secure your child's future, but it is essential to choose the best plan by comparing the quotes online and pick the pocket - friendly plan that fulfills your child's needs.
In order to cover the risk of your untimely death, it's a good move to buy
a child life insurance plan.
Exide Life New Creating Life Insurance Plus is a non-linked Participating
Child Life Insurance Plan that helps you arrange funds required for key milestones in your child's life like his / her hig... Read more
Exide Life New Creating Life Insurance Regular Pay is a non-linked Participating
Child Life Insurance Plan that helps you to arrange funds for key milestones in your child's life like his / her hi... Read more
A child life insurance plan is essentially an investment plan.
But
the child life insurance plan coverage touted by some companies is presented as a college savings plan, designed to help parents set aside money for their child's college education.