Sentences with phrase «in a child plan»

In addition to providing financial protection for your child, investing in a child plan also offers tax savings and helps you to reduce the tax liability.

The insurance plans which are linked to reflect market growth are also available in the child plan category.

There are two types of maturity benefits to choose from in child plans.

A parent can decide to invest in a child plan in order to save funds for their children's wedding, training and other monetary needs of the children.

All you have to do is regularly invest a fraction of your income in a child plan to ensure you have sufficient funds in the times ahead when your child needs it the most.

Investing in child plans helps you plan your child's future.

Financial protection features in child plans ensure that your child gets the best in the future even in your absence.

There are 4 options of maturity benefit in this child plan and can be opted for money back options as well.

Thus, make sure to double - check every detail and choose a trustworthy brand before investing your hard - earned money in a child plan.

The parent is the policyholder in a child plan.

The child is the beneficiary in a child plan.

Tip 7: Choose a plan having system transfer option to assure that your gains in the child plan investment are well protected.

Though in other plans of insurance, one can opt for this rider additionally, it would involve extra payment of premium which is not applicable in a child plan.

A young mother can save money every month and invest in child plans so that there are adequate funds available at the time of her children's higher education.

By investing premium regularly in a child plan will put in a habit of saving that further helps to you can grow money over a period of time.

Thus, the cost of insurance is higher in a child plan than a pure term plan.

By investing in a child plan, you will make good use of your money through timely investments.

There are two types of maturity benefits to opting from in child plans.

Investing in a child plan helps you meet the cost of raising a child such as education, healthcare, entertainment, marriage expenses, etc..

When you have a premium waiver feature in a child plan, despite the demise of the insured parent, the plan continues.

The most important benefit in child plan is that even if the parent were to meet with an unfortunate event your child's needs would still be taken care of.

Insurers trust the waiver of premium function in a child plan as the most important thing as it does not let the demise of the policyholder derail the investment plan for his baby.

Insurers trust the waiver of premium function in a child plan as the most important thing as it does not let the demise of the policyholder derail the investment plan for his infant.

Should you invest in Child plan Mutual Fund Schemes?

Invest in child plans that offer premium waiver benefits = On the death of a parent, insurer waives all future premiums and continues funding the policy till its maturity.

To avoid this unpleasant scenario, investing in a child plan becomes a must, as it not only helps your child fulfill her / his dreams but also lets her / him overcome any obstacles in their life, in your absence.

The following types of plan variants come in the child plan category:

Although, these plans have one difference i.e. Unlike ULIP and endowment plans, the parents need to invest in the child plan right from the time the child is born.

The Bright Child Plan is the plan in the child plan category offered by the company.

In general, the nominee in a child plan, the child receives two payouts from the insurer in case of the policyholder's who is the parent or the guardain's death.

Investing in a child plan ensures the building of a corpus which can be used to secure a bright future for your child.

Investing in a child plan also allows you to avail tax benefits under section 80C & 10 (10D) of the Income Tax Act, subject to prevailing tax laws.

Similarly, once you marry and have a child, it is important to invest in a child plan in addition to your term plan to cover his / her education, marriage and to ensure that your family's financial comfort continues even if you are not there.

All you have to do is make the investment of a part of your income in a child plan to ascertain you have got enough funds in the times ahead while your child would require it the most.

One of the major benefits of investing in a child plan is that it offers flexible payout options.

Could be pls guide me, to meet the educational and marraige goals of my daughter, I should invest in Child plan / Sukanya Samridhhi / or Mutual fund through SIP, as my daughter is 4 years old now and I have a horizon of 15 - 20 years.

Term insurance + PPF / other suitable investment options can be a better choice than to invest in child plans.

By investing in a child plan, you get the much needed support from your insurance provider.

For instance, in child plans, a kid for whom the policy is bought by parents is a beneficiary.

There is a «deferment period» in some child plans.

By investing in a child plan, one can gradually build a corpus for the future of the child.

In a child plan, your child is the beneficiary who gets the benefits twice in case of the parent's death.

Thus, by planning ahead, the child's parent ensured that his death would not affect the child's future since he invested in a child plan.

Tip 2: Parents, when investing in a child plan must understand that the funds will be utilized only in future.

Although people understand the significance of investing in child plan, what confuses them is the choice of plan offered in the market.

Children's education: By investing in a Child Plan, women ensure a smooth higher education for their children and secure her child's future even in her absence.

To prevent issues from arising in future you should read the fine print carefullybefore investing in a child plan.