Things you must know about life insurance
What are Child Plans
Why Buy a Child Plan ?
Child plans offered by insurance companies are investment policies that help take care of the future needs of a child. They offer the twin benefit of insurance and investment. Child plans vary in duration depending on what one has selected at the beginning. These plans offer a lump sum amount at maturity which can be used for different needs of the child ranging from higher education expenses to expenditure on marriage. The payout received is generally at least 10 times the amount of premium paid over the policy period. Child plans also help in taking care of a child’s needs in the absence of parents.
How to choose the Best Child Plan ?
Start Early
Factor In Economic Variables
Pay special Attention to Terms and Conditions
Choose the Premium Waiver Benefit
Opt for Partial Withdrawals Clause
Choice of Funds
Why Insuremile?
2. All transactions will be on our digital platform – this ensures total transparency.
3. When you buy any insurance policy through InsureMile, we will ensure that 10 meals are provided to children in association with Plan India, a non-governmental organisation.
4. The meal-programme will be at no extra cost to you.
5. You can claim 80G tax benefit.
What are the benefits of Child Plans
Child plans offer a host of advantages, both short- term and long-term. Some of them are explained in detail below:
Corpus for Child’s Education
A Kitty for Medical Treatment of the Child
Supports the Child in the Absence of Parent(s)
Income Protection for the Child
Acts as a Collateral for Loans for Higher Education
What are the types of Child Plans
Child Endowment Plans – The premium is invested in debt instruments while the decision is at the kept with the insurance company. The bonus payable at maturity decides the returns.
Why compare Child Plans at Insuremile?
We have years of experience that we use to help you choose the right policies. We respect your time and money. We build on the trust you have in us and we will help you in investing in the right Insurance plans and policies.
Life Insurers
- Aegon religare child insurance
- Aviva life child insurance
- Bajaj allianz child insurance
- Bharti axa life insurance
- Birla sun life child insurance
- Bright child plan
- Canara hsbc child insurance
- Child plan
- Child plans
- Dhfl pramerica child insurance
- Edelweiss tokio life child
- Exide life child plans
- Future generali child plan
- Hdfc life child plans
- Icici prudential child insurance
- Idbi federal life child plan
- India first life child plan
- Kotak life child plan
- Lic india child insurance
- Max life child insurance
- Pnb metlife child insurance
- Reliance life child insurance
- Sahara life child insurance
- Sbi life child insurance
- Shriram life child insurance
- Smart life child insurance
- Star union dai ichi child insurance
- Tata aia child insurance
- Fututre idols gold plus
- Childsurance savings protection plan
- Smart champ plan
- New childrens money back
