Compare Child Plans
Online child plans offer guaranteed lump sum money on maturity and ensure that kids get enough amount in case of parent’s demise. Child insurance policies make sure that the child gets certain amount of money at desired ages. In fact, it pays even if the parents survive and act as savings cum insurance product which fulfills the financial requirements of the child to meet kid’s various needs. In case of parent’s demise during the policy period, the insurance company in India instantly pays the sum assured to the beneficiary.
1. Types of Child Insurance Plans
Child Endowment Plans
The premium money invests into debt instruments, the decision of which is at the discretion of the insurer. Returns are fixed by payable bonus on maturity.
Child ULIPs
Some part of premium amount flows into debt instruments and the remaining amount into equity instruments. Insurance companies in India are responsible to take the decision of switching between funds. As this is a market linked plan, the return is finalized by the net value of the assets at the time of maturity.
2. Features of Child Insurance India
Below are some important factors customers should consider before buying a plan:
Premium Payment Mode
Single premium – The premium amount is paid as a single payment.
Regular Premium – The premium amount is paid on a regular basis. It can be half-yearly, quarterly or yearly.
Premium Amount
It depends on the maturity amount and sum assured you select.
Policy Period
Select the policy period based on your child’s needs.For example, if your kid is 5 years old, then term period should be 10 years.
3. Reasons to buy child plans
Today, parents are aware of the need to build a financial corpus for their kids. This plan is designed to fulfill this objective come in handy.
Coverage for kids’ financial needs in case something unfortunate happen to the parent This regular premium life insuranceplan made to meet the financial requirements of the kid, including education, marriage etc.
It can be bought on the life of either parent with the child as the nominee.
Avail tax benefits under Section 80C on the premiums paid for these plans.
4. Suitable for
After the birth of a child, every parent must invest in child insurance India.
At Policyboss.com, we help parents to ensure a bright future for their kids. Child insurance ensures parents financially equip their child to grab the opportunity when it knocks. In Indian insurance market, different types of child plans are available based on your needs and budget.
It is advisable to compare child insurance quotes online from leading insurance companies in India. Online comparison helps you to match quotes with your certain requirements so that you select the best policy.
1. Types of Child Insurance Plans
Child Endowment Plans
The premium money invests into debt instruments, the decision of which is at the discretion of the insurer. Returns are fixed by payable bonus on maturity.
Child ULIPs
Some part of premium amount flows into debt instruments and the remaining amount into equity instruments. Insurance companies in India are responsible to take the decision of switching between funds. As this is a market linked plan, the return is finalized by the net value of the assets at the time of maturity.
2. Features of Child Insurance India
Below are some important factors customers should consider before buying a plan:
Premium Payment Mode
Single premium – The premium amount is paid as a single payment.
Regular Premium – The premium amount is paid on a regular basis. It can be half-yearly, quarterly or yearly.
Premium Amount
It depends on the maturity amount and sum assured you select.
Policy Period
Select the policy period based on your child’s needs.For example, if your kid is 5 years old, then term period should be 10 years.
3. Reasons to buy child plans
Today, parents are aware of the need to build a financial corpus for their kids. This plan is designed to fulfill this objective come in handy.
Coverage for kids’ financial needs in case something unfortunate happen to the parent This regular premium life insuranceplan made to meet the financial requirements of the kid, including education, marriage etc.
It can be bought on the life of either parent with the child as the nominee.
Avail tax benefits under Section 80C on the premiums paid for these plans.
4. Suitable for
After the birth of a child, every parent must invest in child insurance India.
At Policyboss.com, we help parents to ensure a bright future for their kids. Child insurance ensures parents financially equip their child to grab the opportunity when it knocks. In Indian insurance market, different types of child plans are available based on your needs and budget.
It is advisable to compare child insurance quotes online from leading insurance companies in India. Online comparison helps you to match quotes with your certain requirements so that you select the best policy.