Child Plan is insurance cum investment plan that serves two purposes - Financially secure your child's future & finance the turning points in his/her life such as higher education and marriage. So, like a double-edged sword, the best child plan is designed to protect the future of your child in case of your unfortunate demise and at the same time, builds a corpus over a term to be utilized to finance prime moments in his/her life.
Compare Best Child Insurance Plans in India
A wise mom once said "Your child will keep building castles in the air; you better start buying bricks for the castle today." Loving your child is what comes naturally but as a responsible parent you have certain obligations towards your child. Getting a child plan is one such obligation, infact the most important one. If you are reading this, you've already proved that you are a concerned parent finding ways to secure your child's future. Let us help you out in understanding what exactly a child plan is and the need to go for the best one.
Child Plans for Your Child's Future
Secure your child's future and build stronger financial security with the double-edge sword called child insurance. Policytray offers a range of child plans from top insurers.
Best Child Education Plans in India
Child education plan gives you various benefits such as life cover, building a corpus for the child's future needs and the option of adding specific riders. Go ahead and invest in an education plan, but always compare quotes before you finally sign on the dotted line.
Know more about Child Plan
LIC Child Plans
New Child Money Back
LIC New Child Money Back plan (Table 832) is specially designed to meet the Educational, marriage and other needs of growing children through Survival Benefits starting from the age of 18 till their 25th Age. This plan also has an Optional Premium Waiver benefit raider which when opted, the child need not pay any premium if the parent who had proposed this policy has expired.
LIC Jeevan Tarun (Table 834) is specially designed to meet the Educational, marriage and other needs of growing children through Survival Benefits starting from the age of 20 till their 25th Age. Premium needs to be paid till 20th age of the child. Maturity returns will be provided on the 25th age of the child. Survival benefits may be provided from 20th to 24th age of the child based on the option choosen. This plan also has an Optional Premium Waiver benefit raider which when opted, the child need not pay any premium if the parent who had proposed this policy has expired.