Which Companies Offer Triple Benefit Child Plans?

With each child plan comes a standard set of benefits. And the insurance sector in India has way too many options for you to explore. However, to pick the best child plan for your kid, you need more than just insurance protection and savings. You need a plan that covers all the bases when you are not around to guide your child. This is where insurance companies offering triple child benefits can assist you.  

What are the triple benefits of a child plan?

Insurance companies are introducing the following 3 core benefits with their child plans - 

• Immediate sum assured to the child on the death of a parent

• Future premiums paid off by insurer to keep the policy in force

• Full accumulated fund value to the child at the end of the policy term

Some insurers have raised the stakes with another feature on top of the above offerings. This is the monthly income benefit that covers the loss of a regular income after the death of a parent. 

Let’s find out which companies offer triple child benefits with their insurance plans. 

Companies Offering Triple Child Benefits

Here is a list of child plans that combine the triple benefits mentioned above along with information on which companies offer them. 

Disclaimer: †† Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is done in alphabetical order (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Why buy triple benefit child plans?

The importance of such child plans lies in the financial benefits that a child receives after the death of a parent. Given the unit-linked nature of these insurance plans, you can ensure a big corpus for your child through market returns. Most importantly, you can rest assured that your child’s education is fulfilled without any financial struggle in your absence. Your children can also use the funds to start their own ventures and follow their dreams. All these are reasons why any parent should start looking at companies that offer triple child benefits. 

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Summing Up

You can buy triple benefit child plans offered by any of the companies mentioned above through Policybazaar as well. It charges zero commission when you make a purchase. You also get the benefit of comparing the different options before buying one that best suits your needs.