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Dual Benefits of Child Plan Investment and Protection


Child insurance plans help you in shaping your child’s future by covering their education cost. Get best child investment plan right here. – PowerPoint PPT presentation

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Title: Dual Benefits of Child Plan Investment and Protection

Child plans
Dual Benefits of Child Plan Investment and
An important aspect in the proper upbringing of a
child is to plan for his/her future well in
advance. While fulfilling the daily chores
involved in the process of parenting, it is quite
normal to see parents forgetting the long term
needs of a child upbringing. As a result, we
often see parents in a fix when they are not able
to provide the needed financial support to their
child so that they can pursue the best education
that would enhance their career prospects. If as
a parent, you do not want to see yourself in such
a situation, it is advised that you should start
saving and invest these savings so that the money
can grow over the time and could be fruitfully
used when it is most required. One of the widely
used investment option is a child plans offered
by the insurance companies. The best time to save
and invest is now, as the golden rule of
financial planning is to invest as early as
Investment Benefit
Generally investments are made in a child plan in
the form of annual or quarterly premiums. There
is a host of online child plan available on the
market and you may choose the one that best fits
your needs. The best child plan is one that helps
you grow your money so that you are able to meet
the future requirements to fund various
milestones in your child's career and life to
your own satisfaction. Child plans provide you
milestone payments when you most need them. The
timing of these payments can be pre-defined and
usually coincides with the timing when your child
would be planning to pursue college or higher
education and also at the time of his or her
marriage. Besides these milestone payments, a
child plan also entitles to a terminal payment
when the policy expires. Several plans offer the
option to the investor to decide on the quantum
of payment they would expect at different points
in time.
Protection Benefit 
The protection benefit is the one that any parent
will find to be the most crucial one. A child
insurance plan secures the future of your child
even in the case of unfortunate demise of the
parent. If such an unfortunate event happens, the
insurance company would provide to the child a
death benefit, which is a fixed percentage of the
maturity benefit. Besides, most child plans also
come with a premium waiver benefit. In order to
ensure that the child plans does not get lapsed
because of non-payment of premium in case of
death of the parent, the insurance company waives
off the premium liability, while at the same time
the rest of the benefits which include the
education and marriage payouts are paid out to
the child as planned. In order to ensure added
protection you may further customize your policy
by adding Accidental Death Benefit (ADB) or,
Disability and Dismemberment Benefit (ADDD
Benefit) Riders. The Riders can be attached only
on the parent's life till the end of the premium
paying term.
Several child plans are available today. It is
advised that you always compare child plan online
on the basis of benefits, premium, riders and
policy exclusions. Before you buy online child
insurance, always remember that the best child
plan is one that fits your pocket as well as
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