Children Plans Growing to a New Phase

ULIPs are in their good time as the equity market is displaying double digit return of 18% in the last fiscal. Selling of ULIP plans does not satisfy the insurers. Now, the agents are catching young parents with the ULIP child plans. In traditional child plans, the general duration is of 15 years whereas after the 5 year lock-in period of ULIPs, individuals with higher risk appetite can also invest for 3 terms in ULIPs. Along with insurance, ULIPs offer participation in equity markets. If any unfortunate event occurs, the nominee is offered the sum assured and the maturity amount is paid at the time of maturity whereas, the future premiums are waived off.

Read more
Best Investment Options
  • Save upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD

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

Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
View Plans
Please wait. We Are Processing..
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 Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

Premium paid in child ULIPS can be used by policyholder in a SIP or a dynamic fund allocation. And, the premium paid in traditional child plans is generally invested for corpus creation and guarantee payouts in government securities. Senior director and COO of Max Life Insurance, V Viswanand said investing at varied market cycles i.e. paying regular premium for a long term reduces the risk. S Sridharan of FundsIndia informed that interest rates on FDs have been 7.3% on a average in the past 13 years whereas, a traditional child plan offers 6% return.

Insureres are trying to grab more number of customers. Like- Shiksha Plus Super ULIP is launched by MaxLife for school fee support. Viswanand said, this plan further offers 10% of the sum assured along with the lumpsum benefit in case of demise of the parent. And yearly education expenses are taken care by offering maximum 10 and minimum 3 such installments.

Tarun Chugh, MD & CEO, PNB MetLife informed that the 3-4% of their product portfolio constitutes of child-linked plans. The positive outcome from the market and stable government has grown interest in ULIPs.

Child ULIPs are also offered by HDFC Life and ICICI Prudential. These plans are an important growth driver.

Investment plans articles

Recent Articles
Popular Articles
NSC Premature Withdrawal

21 Jun 2022

National Savings Certificate, popularly known as NSC, is a...
Read more
सबसे ज्यादा रिटर्न देने वाली स्कीम

17 Jun 2022

अधिकांश इन्वेस्टर्स...
Read more
Invest 40 Lakhs for Monthly Income

15 Jun 2022

With Rs. 40 lakhs to invest, you have a lot of options to create...
Read more
Investment Plans for 10 Lakhs

14 Jun 2022

Investing a huge sum of Rs. 10 Lakhs calls for some caution on...
Read more
Kisan Vikas Patra (KVP) Premature Withdrawal

14 Jun 2022

The Indian Post Offices issue Kisan Vikas Patra or KVP to...
Read more
Best LIC Policies For Investment in 2022
When it comes to purchasing a life insurance plan, 'LIC policies' are the most popular choice for customers. LIC...
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2022
Are you looking for an investment avenue that is safe and secure, earns substantial returns with a short locking...
Read more
Short Term Investments Options
Short-term investments can be described as temporary investments or marketable securities, which can be easily...
Read more
Best NRE Savings Accounts for NRIs in 2022
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in...
Read more
SBI Life Insurance Plans in India
SBI Life Insurance, a joint venture between State Bank of India (SBI) and BNP Paribas Assurance, provides...
Read more
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL