Sentences with phrase «paid in a child insurance plan»

Premium paid in a child insurance plan is eligible for tax deduction under Section 80 C while the income from the plan is tax free under Section 10 (10D).

Not exact matches

CBO's measure of before - tax comprehensive income includes all cash income (including non-taxable income not reported on tax returns, such as child support), taxes paid by businesses, [15] employees» contributions to 401 (k) retirement plans, and the estimated value of in - kind income received from various sources (such as food stamps, Medicare and Medicaid, and employer - paid health insurance premiums).

If you planned on paying for your children's college tuition, these costs will also factor in to your life insurance coverage.

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

College is an investment in your children's future and if you plan on paying for it, or contributing to it, be sure to take into consideration the cost of tuition when buying life insurance coverage.

The Grow - Up Plan in a whole life insurance policy paid for by the parent up until when the child reaches the age of 21, at which point the policy is transferred over.

The long and short of it: Many schools require that you pay for the university's health care plan unless you live in the state where the college is located and your child is covered under your in - state insurance policy.

However, in the event of sudden demise of the policyholder, the insurance provider discontinues the plan and pays the lump - sum to the child.

A unit linked child insurance plan which provides market related returns while at the same time taking care of the child's future.Guaranteed Loyalty Additions are added to the fund @ 3 % of the average fund value in the preceding three years.The fund value is paid on maturity of the plan and in case of death of the insured during the tenure of the plan; the Sum Assured is paid immediately.

Under Section 80D of the Income Tax Act, one can avail deduction of up to Rs 15,000 for self, spouse and dependent children, while an additional Rs 20,000 is available for parents above the age of 60 (who fall in the senior citizens category) on premium paid for a health insurance plan.

Like endowment and ULIP plan, in child insurance plan a part of the premium paid goes towards paying the life coverage and the rest amount in invested in various investment instruments like equity, debt, etc. however, the portion deducted towards investment is very small, as the insurer deducts the premium allocation charge beforehand.

In addition to offering lifetime protection and cash value accumulation, Familylife includes a variety of features to help families plan for every stage of life including convenient pay periods, dividend options, and built - in children's term insurancIn addition to offering lifetime protection and cash value accumulation, Familylife includes a variety of features to help families plan for every stage of life including convenient pay periods, dividend options, and built - in children's term insurancin children's term insurance.

Advantage Plus has features that can help Canadians plan for every stage of life including convenient pay periods, dividend options, and built - in children's term insurance.

Term life insurance plan provides the financial assistance for maintaining the lifestyle of the family members, for fulfilling children's dreams of better education and marriage, paying off your loans and liabilities and many other important financial tasks in the absence of the sole breadwinner of the family.

A child educations plan can either be a simple term insurance instrument, which pays out a set sum of money at different turning points in the child's life or unit linked plans, which can cover the child's education costs while also compounding the money you save through the plan and generate wealth.

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».

Unlike traditional insurance plans that do not guarantee money availability for paying your child's education fee (in case of your untimely death), child insurance plan protects your savings for securing your child's future.

In this child insurance plan the sum assured plus bonus is paid straight away to the nominee on death of the life insured after commencement of risk.

Everything else being equal, the main reasons to purchase permanent insurance are: (1) if you have a dependent, such as a special - needs child or handicapped loved one, who relies almost solely on your income to live and who will need to rely on it after your death in perpetuity, or (2) if you have few, if any, other assets and don't actively plan on having any that could be used to cover the cost of your funeral, to pay off any outstanding debts, or to provide some inheritance to your family.

In case the policyholder dies during the term of the plan, the policy continues, the nominee / beneficiary doesn't have to pay any further premiums and at the time of maturity, the sum assured and other benefits as promised in the insurance policy are paid to the chilIn case the policyholder dies during the term of the plan, the policy continues, the nominee / beneficiary doesn't have to pay any further premiums and at the time of maturity, the sum assured and other benefits as promised in the insurance policy are paid to the chilin the insurance policy are paid to the child.

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.

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

You should consider Lengthy lasting best Insurance plan if you have children and don't mind a rise in rates (amount you pay) by a few dollars compared to term.