Child Planning

A child Planning is a combination of investment and insurance that aids financial planning for a child's future requirements. The insurance component ensures that a child is safeguarded in the event of a parent's untimely death. You can use the investment route to build up a large enough fund to secure your child's future. Child plans, on the other hand, come with flexible payouts at key milestones that can successfully fund a child's education at various stages.

The Importance Of Children's Insurance

Given the uncertainties of life, children's insurance should not be disregarded. Children rely on people to feed them and provide for their educational needs, among other things. A child should not be forced to fight for cash to survive and receive basic care and education after the death of a parent.

Insurance purchasers frequently look for ways to save money on taxes in addition to the death benefit and the yearly income benefit. It's worth noting that, like any other insurance plan, child policies have tax advantages.

Ideal Parameter for buying a Child Planning

• Child Plan when taken between 0-3 years of a child, it provides:
  • security of Education till 18 years of age and
  • security of Marriage / higher education till 25 years of age.
• Once a Child Plan is taken the returns are also guaranteed.
• Plan must be Guaranteed Bcoz above mention two episode is certain.