Sentences with phrase «of child plans»

Some of the child plans are market - linked policies and others are traditional plans.

Most of the child plans offer periodic payouts or money backs at regular intervals to help in meeting the financial requirements at various life stages of a child.

Nature of child plans is such that in the event of death of the policyholder, future premiums are paid by the insurance company.

At present (as on 5.2.17), such a big corporation as LICI surprisingly has only two types of child plans both of which do not fulfill the basic requirements of a child plan as rightly pointed out by you.

Be aware and beware of these kind of Child Plans.

Majority of the child plans in the market today offer periodic payouts as a prefixed percentage of the sum assured.

This kind of child plans are mainly securing the life of your child.

With growing financial awareness and rising inflation, more and more parents are today making use of child plans to safeguard the financial future of their children.

There are some common factors which are inherent in all types of child plans which are detailed below:

Various type of child plans offered by Shriram finance are

Two types of child plans offered by DHFL Pramerica Life Insurance Company which are traditional plans.

Here's how it typically works in tandem with other major features of child plans.

Providing financial support for tuition fees, college admission fund and for higher education and also to help secure a child's future against the rising education costs are the motives of the Child Plans.

Aviva Life Insurance Company currently offers two types of child plans to its customers each offering various features and benefits to the policyholder.

While we all often read about the benefits of having a child insurance plan, yet parents have some misconceptions about the features and benefits of child plans.

There is an inbuilt Waiver of Premium Rider in most of the child plans.

Following are the different types of child plans:

The Life Insurance Corporation of India offers two distinct types of child plans which are under the Money Back variants.

There is a concept of «deferment» in some of the child plans.

There are different types of child plans to opt from.

Let us take a look at the different types of child plans offered by AEGON Life and the features and benefits of each.

Today, a number of child plans are available to ensure the future of your child is protected and she grows up availing basic necessities of life.

Most of these child plans were very popular during late 1990's and in early 2000's.

In most situations, joint physical custody will only be awarded when the parents of the child plan on living relatively close to each other.

If you have a family plan, you can use the earnings to pay for the education of another child the plan.

The policy details of this child plan are as follows:

For online registered users, they can check LIC policy status of their child plan by logging into the e-portal.

Premium of my child plan is less and the returns are much more than anybody else.

The insurance company offers a premium waiver if the parent (i.e., the insured) passes away during the policy term of a child plan.

The premium of a child plan is anyway higher than a ULIP and a Term Plan but a Child Plan will at any cost serve the purpose of providing periodic payouts to the child when they require them the most.

The amount of child plan coverage needed may vary from person to person.

Don't make that mistake and opt for the correct amount of child plan coverage.

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.

Secondly, during the tenure of child plan one can also avail the option of withdrawing money.

There are lot of good child plans available under ULIP and traditional platforms; I presume your objective is to create a corpus for higher education / marriage, since the tenure of child plan will be long.

Perhaps the biggest advantage of a child plan is the financial security the child is assured of in the unfortunate event of the sudden death of a parent.

On Vesting, the child becomes the policyholder of the child plan.

Some insurers offer Waiver of Premium Rider or self - funding of premium in case of death of the applicant during the tenure of the child plan.

The table given below contains some amongst the array of child plan options that you can compare and buy at policybazaar.com

After reading the features of this plan, I found few of them are clearly contradicting with the concept of child planning.

You may claim for your policy proceeds of the Child Plan at its maturity, when the policy term is finished and the policy is in force.

In case the applicant passes away during the tenure of the child plan, certain insurers offer the benefit of premium waiver or self - funding of premium, thereby making it easy to continue the policy without burdening the family member for premium payment.

In the event of the death of a parent during the term of the child plan, the insurer will offer a premium waiver.

You can argue that we could have gone for higher sum assured in case of child plan too.

And the best part of child plan is that — it remains enforced even after the demise of the life insured.

In the case of a child plan, the parent contributing the premium is the insured life, while the child is the beneficiary.

Second, the maturity of a child plan should be linked to important milestones in the child's life such as her college education or marriage or setting up a business.

The concept of a child plan is to have regular forced savings for a pre-defined financial goal for the child's benefit.

There are two types of Child Plan Options available: -

Not exact matches

Alternatively, if your child needs to pay taxes, they can save all or part of their income to help pay for college expenses in a Roth IRA or Section 529 college savings plan.