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WHAT IS A CHILD PLAN?

Understanding the importance

A child plan combines the protective aspect of an insurance plan and the wealth creation aspect of an investment plan to ensure a secure future for your child. It provides payouts at pre-decided milestones of your child’s life as well as a life cover, to safeguard them from unforeseen circumstances.

A child plan combines the protective aspect of an insurance plan and the wealth creation aspect of an investment plan to ensure a secure future for your child. It provides payouts at pre-decided milestones of your child’s life as well as a life cover, to safeguard them from unforeseen circumstances.

HOW IT HELPS YOU

Top features of Child Plans

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    Lumpsum Payout

    Your child is secured with a lumpsum amount in the case of your untimely demise within the policy term.

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    Premium Waiver

    In the case of your demise, your child won’t be burdened with premium payments, as the company pays it on your behalf. Thus, the policy continues to exist.

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    Partial Withdrawals

    You can make partial withdrawals during the policy term, subject to conditions. This is meant to take care of your child’s requirements at different milestones.

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    Tax Benefits

    Avail deductions for premiums paid from taxable income as well as tax exemption for returns (maturity benefit) as per the prevailing tax laws.

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    Loyalty Wealth Boosters

    Get rewarded for staying invested for long! Receive guaranteed loyalty additions that boost your overall invested amount.

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    Invest as per your risk apetite

    Get the freedom to invest your money as per your risk appetite with our various child insurance plans.

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    Systematic savings

    Accumulate large amounts over a period of time via regular investments. This helps meet the long-term goals and lets you align with the life goals of your child.

REASONS TO INVEST

Invest in your child’s future dreams!

EXPLORE CHILD PLANS

Plan for their dream to become a reality

HAVE ANY DOUBTS?

FAQ’S related to Child Plans

The best time to buy a child plan is immediately after the birth of your child. Basically, the sooner the better. That way you get a longer investment period, thus letting you make the most of the ‘power of compounding.

A child plan is a combination of an insurance and investment plan. It helps you build a corpus for your child’s future over a period of time. Such plans pay a lump sum amount on maturity thus covering crucial stages of your child’s life. The insurance aspect, on the other hand, financially secured the child in the case of your untimely demise.

The premium waiver benefit in our child plans will cover any future premiums. What it essentially means is, if the policyholder (you) is no more, we (the insurer) will pay the future premiums, thus eliminating any financial burden on your child. This allows the policy to continue without any further hassles.

A child plan is one of the best way to save enough with regular investments and ensure a large corpus for your child’s future. Hence, every parent who wants to secure their child’s future should invest in a child plan.

KNOWLEDGE BYTES

All you need to know about child Insurance!

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