Description
Child insurance plan is an investment cum insurance plan from life insurance companies, which offers financial safety to your child’s dreams and goals. … These periodic payments coincide with the crucial milestones of your child’s life like education, marriage, etc.
What is Child Plan? A child plan is a type of life insurance that helps financially secure the future of your child. It gives the assurance that the child will get the financial support from the insurance even if something untoward happens to the parents.
Child Plans | Entry Age | Minimum Annual Premium |
---|---|---|
Future Generali Assured Education Plan (Child Education Plan) | 21-50 years | Rs. 20,000/- |
HDFC SL YoungStar Super Premium | 18-65 years | Rs. 15,000/- |
ICICI Pru Smart kid Assure plan | 20-54 years | Rs. 48,000/- |
IndiaFirst Happy India Plan | 18-50 years | Rs. 12,000/- |
- Invest in plans that offer premium waiver benefit. …
- If you have the risk appetite then go for equity-linked plans. …
- If you do not have the risk appetite, go for simple endowment plans.
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