Build Corpus for the Child- Invest in the Child Plan

Entering parenthood is a beautiful feeling, welcoming the little one in the family is undoubtedly one of the most memorable moments in the life of any parents.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

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  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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We are rated~
rating
6.7 Crore
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Policies Sold

With parenthood comes along a heap of responsibilities as well. It is of utmost importance to raise the child in a good environment and take care of the needs. Therefore, it is important to invest in a child plan that fulfils the requirements. A child plan will take care of the expenses and safeguard the future of a child.

Moreover, you are there for your little one today but then what about tomorrow? What if you are not around soon? Who will take care of the child’s future? Investing in the right child plan will help the apple of your eyes to be prepared for the times in case of any unforeseen event.

Why Invest in a Child Plan?

Any unfortunate event such as road mishap or accident has expanded significantly in recent years and we are well aware that an eventuality can occur anytime.  At times the injuries exacted from any mishap or accident is extreme to the point that they either lead to loss of life or make one truly impaired. Be that as it may, adversity like this can have annihilating results for your family.

Right off the bat, they may lose a primary breadwinner of the family and what follows can't be articulated. To keep the future of the child protected from any such unfortunate circumstances, make sure to secure the financial future by simply investing in the right child plan. 

Child Insurance Plan- The Best Investment for Child

A child insurance plan, then again, gives a lump sum amount after the death of the policyholder yet the plan doesn't end there. It comes along with the feature of premium waiver benefit wherein all forthcoming premiums are waived and it is the insurance provider that carries on the carries for the policyholder's benefit. From higher education to a wedding, the child plan will bolster your child’s dreams when you are nowhere to be found. The child plan will be the 'money related parent' for your little one when the apple of your eyes and the little bundle of joy most needs it.

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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

How to Opt the Right Child Insurance Plan?

In the greater part of the cases, parents begin getting ready for their child’s future very late. To get the most extreme advantages of any insurance plans, it is recommended to begin anticipating your child’s future in his/her early stages to guarantee that adequate funds are accessible when your child is prepared to set out on the path of career.

There is no manual to pick the right child investment plan. Be that as it may, whenever picked admirably, it can turn into a drawn-out resource for the deal with the eventual fate of your child.

Listed below are some tips to avail the ideal child insurance plan in India:

  1. Identify the Objectives

    The primary step towards any sort of planning understands the purpose of the same. The same applies to any of the suitable child insurance plans. It is important to identify the goals such as the approximate sum that you would require for the future of the child, for instance, education, marriage and much more. At the same time, the aspect of inflation should also be duly considered and it does affect the investment. It is advisable to give time before you zero down the ideal child investment plan. If required, take the help of a financial expert and accordingly choose the child insurance plan that suits your requirements and pocket as well.

  2. Choose the Child Plan With Premium Waiver Benefit

    When buying the child insurance plan, always look for the waiver of premium rider. In case if the plan does not offer the equivalent, go for it and include it within the plan. The highlight of this rider is that in case the parent passes away the insurance company will likewise waive all the premiums that otherwise would have to be paid in the future.  It continues to fund the policy so that at the time of maturity benefit the policy remains intact and the child can make the most from the right child investment plan.

  3. Understand the Product

    Before you go forward with the child insurance plan, it is advisable to take an in-depth understanding of the same. Insurance providers at times levy different charges, which are paid by the customers. Therefore, you need to choose the right child insurance plan only when you have a thorough knowledge of the same and not being confused and remain in the world of queries in regards to the investment.

Child Savings Plan vs Sukanya Samriddhi Yojana Scheme and Public Provident Fund

The Bottom Line

Choose the ideal child insurance plan as it is about the future of your child. Investing in the child insurance plan will not leave you disappointed. As a parent, the prime responsibility is to provide sufficient financial assistance to your child both in your presence as well as your absence.

As a parent, you are worried about your child's future even before your child shows up on the planet. Even though having a child is the greatest gift there is and parenthood is sincerely fulfilling, the monetary concerns or the idea of your child's future can be overwhelming. To manage continually the increasing costs and protecting the fate of your child, you have to have the arrangement. This should be done to make sure that the child is liberated from money related burdens when you are no more around.

Give wings to your child, buy the right child insurance plan and let your child rise high.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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