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Life Insurance

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Protection for your Life

Child Insurance Made Easy.

Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured.

Why Child Plans is Necessary?

Children are the main reason behind parents existence.Parents always want to give the best possible foundation to their children and work hard to offer for child care, education and imparting the correct values to make sure that children become responsible as well as productive eventually. Education is the most crucial expenses which parents need to plan for. A child plans offers dual benefits of insurance as well as investment. It can take care of your child needs in your absence too. The lumpsum received at maturity can be utilized for your child education or marriage expenses. This pay-out is at least 10 times the amount of premium paid.
  • Key Features of Child Plans
    • Premium Amount
    • Premium Payment Mode Sum Assured
    • Policy Term
    • Maturity Amount
    • Waiver of Premium
    • Partial Withdrawals
    • Riders and Benefits
  • Types Of Child Plans
    • Child ULIps : Certain share of the premium amount flows into debt instruments while the rest in equity instruments. The policyholder keeps control of switching between the funds. Being a market-linked plan, it comes handy with certain returns and that are subject to the net asset value of the company at the time of maturity.
    • 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.
  • Benefits Of Child Money back Plans
    • Maturity Benefit
    • Survival Benefit
    • Death Benefit
    • Corporation Profits
    • Surrender Value
    • Rebates
    • Loan
  • Commited to Giving you True Value.
    • A child education plan offers comprehensive benefits of life cover along with maturity benefit. One should choose a child education plan which offers enough returns to cover the educational expenses of a child. The returns should be enough to take care of the child's future needs even when the insured (parent) is not around.
    • There are two types of maturity benefits to choose from in child plans. One can either go for a money back option which offers guaranteed payouts every year after a few years or a lump sum payout at the end of maturity of the policy. Depending on one's requirements, financial situation, and current and future income, one may choose among the two options.
    • The lump sum payout gives a huge chunk of money which can be utilised towards higher education, marriage or buying the child a house.