Why You Must Have a Child Insurance Plan

Becoming a parent changes the entire outlook towards the future. A parent is responsible for a life's present and future security. Obviously, every parent wants to give the best possible to their child. For that the earlier they start thinking and planning, the easier it gets to build a secure future of their child. 

Read more
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

We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
  • 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*

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Planning for the future of your child is not a child's play. It requires considerable amount of investment along with your efforts to work out the necessary details right from identifying the objectives to deciding on the asset allocation plans.

Providing desired education to the child is the utmost concern of every parent. And, rising cost of education is their major troubling element. Others are lack of knowledge, not enough savings, starting too late and so on. But the biggest worry a parent can have is the risk of his/her own death. Isn't it terrifying for any parent to leave his/her family without ample means to lead a comfortable life? Yes off course it is.

Here's the solution of this biggest worry: A Child Insurance Plan.

You must be thinking that why shouldn't you opt for a term plan instead of a child insurance plan as it offers a high cover at a low cost giving out a lump-sum amount to the nominee.

In case of a term plan, giving the lump-sum amount ends the policy right there but in case of a child insurance plan, the policy doesn't end there. The insurer continues investing this money on behalf of the policyholder waiving off all the future premiums. At specified intervals of time as per the planning of the policy, your child will get the money. This is the best way to ensure your children that even in your absence; their needs will be taken care of.

Child Insurance Policies can be market-linked allowing policyholders to invest in equities and debt or they can be traditional plans allowing investing in debt only. Premium paid in a child insurance plan is eligible for tax deduction under Section 80 C while the income from the plan is tax free under Section 10 (10D).

You may find a simple term plan less expensive and may think to invest the balance money in mutual funds instead of allocating a huge premium to a child plan. If you are thinking so then you are missing out on a crucial detail.

What if the parent dies after five years taking the policy? In that case, the term plan will pay the lump-sum amount and stop further investments but a Child Plan along with paying the lump-sum amount, continue investing on behalf of the policyholder. A child plan doesn't let the death of the parent hinder the investment plan for his/her child.

The higher cost of the child plans is justified as they give double benefits. These plans are structured to meet the requirements of child. So, take a child plan and make the future of your children secure even in your absence.

*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.

child plan investment

Investment

child plan secure

Secure

Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan3

Child plans articles

Recent Articles
Popular Articles
Janani Suraksha Yojana

17 Jun 2024

The Janani Suraksha Yojana (JSY), launched in 2005, is a program
Read more
Sukanya Samriddhi Yojana Online Payment

10 Jun 2024

The Sukanya Samriddhi Yojana (SSY) is a government-backed
Read more
Sukanya Samriddhi Yojana Passbook Online

07 Jun 2024

The Sukanya Samriddhi Yojana (SSY) is a government scheme in
Read more
Pradhan Mantri Matru Vandana Yojana

06 Jun 2024

The Pradhan Mantri Matru Vandana Yojana (PMMVY), launched in
Read more
Child Education Planner

05 Feb 2024

Ensure your child's dreams come true with a Child Education
Read more
Top 12 Government Schemes for Girl Child
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
Prime Minister Schemes For Boy Child
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more
How to Check Post Office Sukanya Samriddhi Yojana Account Balance
The Sukanya Samriddhi Yojana is a savings scheme launched in the year 2015 by Prime Minister Narendra Modi under
Read more
Sukanya Samriddhi Yojana Calculator
The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme that aims to create a corpus to
Read more
Best Child Investment Plans to Invest in 2024
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL