Guaranteed Return Plan for Children in India

It is a natural tendency of all parents to start worrying about their child's future the day he/she is born. In a true sense, they want their child to have the world at his feet. Anything or everything he/she desires or longs for should be done in the blink of an eye is the pledge every parent takes the moment he holds his child in his/her arms.

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Best Child Saving Plans
  • Insurer pays your premiums in your absence

  • Invest ₹10k/month and your child gets ₹1 Cr tax free*

  • Save upto ₹46,800 in tax under Section 80(C)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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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Getting your child that 'everything' may not seem plausible in today's inflation hit and economically slow environment. In fact, both parents' combined income may not be enough to fulfill the ever-rising demands of children who, by the way, are becoming very difficult to nurture because of their heightened inclination for wants more than needs. Furthermore, one cannot rule out the high cost of living that is constantly rising. 

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Parents fear they may not be able to educate their child to the best of their abilities, courtesy- inflation and life risk. On the back of what life may bring with it in the future, parents are looking for options that provide protection and income if something unexpected happens. People in such a scenario should consider a Guaranteed return plan/traditional insurance plan as one of the most efficient options to not only seek protection against unwanted events but also to gain an extra source of income for planned/unplanned future events so that they are not taken by surprise in times of adversity. 

All Parents' concerns are similar; that they want protection for their children and their monetary security for future events. 

All parents, therefore, must opt for a Guaranteed Return Plan. It is mandatory for you to know all about it and be sure why you want to take this plan. As the name suggests, a guaranteed return plan offers decent returns on your investment. It protects against all unexpected events, both at the same time. This type of plan is akin to the traditional insurance plans, where the premium is fixed at the beginning of the term, and the returns are also pre-decided. This plan is not market-linked keeps one stress-free as there would be no dependence on the ever-fluctuating share market. Safety concerns of parents are met as they get to plan their child's future with the returns that they will receive. The returns or guaranteed return would be a bonus along with the return of the premium amount paid and the sum assured. 

The guaranteed plan will help you save money for your child's future expenses like their education, marriage, and many other events. Not to forget, this plan will offer a death benefit to the nominee in case of either of the parents' untimely demise. The child won't suffer as all his needs will be met. Such kinds of plans are available at low premiums, and the term is from 10 years to 30 years. Some guaranteed plans give you the option to receive regular returns. You can choose to avail of the returns as per your planning of important events. Income through this plan is tax exempted as per current income tax laws. The premium can be paid monthly, quarterly, annually, and even on a single premium basis according to the company's policy terms.

Written By: PolicyBazaar - Updated: 18 November 2021

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