What is a Child Plan?
A child plan is a mix of insurance and investment plans that help the parents to secure the financial future of their children including education and marriage. In the event of an unfortunate death of parent or insurer, these plans help the child achieve their life goals as planned by the parents even in their absence.
Benefits of Child Plans!
- Support children’s life goals
- Fixed sum assured in case of unwarranted events
- Lumpsum amount at maturity
- Waiver of premium in case of insurer’s unfortunate death
- Tax benefits
- Partial withdrawals
What is the Right Time to Buy a Child Plan?
The longer the duration, the more the money will grow. Hence, buy a child plan as early as possible.
