Let your child feel the true happiness of secured future… - PowerPoint PPT Presentation


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Let your child feel the true happiness of secured future…


Child plans and policies offer security against constraints like inflation and rising educational expenses. Take a look at Child Plans and give your child the best gift of a secure financial future today. Click to know more – PowerPoint PPT presentation

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Title: Let your child feel the true happiness of secured future…

Let your child feel the true happiness of secured
  • Arrival of a child in life brings lot of joy and
    enthusiasm. And when it comes to ensuring his or
    her happiness, you make sure no one messes around
    with your childs happiness not even the future
    uncertainties. You intend to give your child the
    best of everything. To achieve this goal, you
    start investing in various instruments on your
    child's behalf. Well there are many ways to
    secure your childs future such as savings,
    bonds, stock investments or mutual funds etc. but
    the one thing that insurance companies have
    introduced to capitalize the modern day parents'
    attention is Child plans. These plans have
    enticed many parents to invest on behalf of their
    children, under these dual-benefit plans.
  • These plans are specific insurance plans which
    help parents save for their childs future
    expenses in a systematic manner. They are
    available in both Traditional and ULIP categories
    to suit the varied investment objective of the
    consumers. Nowadays, with the spiraling cost of
    higher education, people opt for ULIP child plans
    wherein a part of your premium goes for life
    cover and the remaining is invested in stock
    market. You can choose the type and ratio of the
    fund you wish to invest the money into such as
    Equity, debt or balance funds depending on your
    risk appetite and income.

  • In child insurance plans there are some products
    or policies with no upfront premium allocation
    charges and the total premium gets invested in
    the fund of choice, thus maximizing the scope for
    long-term returns. There is an additional
    flexibility to withdraw funds as per need via
    partial withdraw. It ensures that your childs
    educational, extra-curricular and career
    requirements are met time to time. During
    unfortunate demise of the parents during the
    policy term, these plans provide an immediate
    guaranteed lump-sum amount to the child along
    with a fixed yearly income for the remaining
    duration of the policy. All the future premiums
    due in the policy are waived of by the insurer
    under Wavier of Premium feature (Rider) and
    ensure the investment continues even in the
    absence of parents.

  • Some of the features to consider while choosing
    child plans are as follows
  • Planning for your childs future should be at
    the earliest, as the needs has to be catered
    time-to-time till your child stands on his or her
    own feet and starts earning bread and butter.
    This will help to consider the time and year
    those funds will be required for various events,
    and ensure that the policys maturity amount
    suffices to meet these future needs comfortably.
  • Most plans fall short because individual fail to
    consider the inflation costs in future to meet
    childs expectation. It is a crucial
    consideration while purchasing a child plan and
    deciding the amount of expenses. It is good to
    factor in a 6-7 inflation rate too.
  • There should be flexibility of partial
    withdrawals in them. It helps to address any
    urgent needs without disturbing fund utilization
    and regular expenses. Besides, it also ensures
    that you have proper flexibility in switching
    funds as it allows you to leverage favorable
  • Comparing investment redirection and free
    switches allowed in a year offers the freedom to
    plan finances in a more streamlined effort

  • Traditional plans focus on debt investments such
    as corporate bonds and government securities.
    While ULIPs offer dual benefit of insurance cover
    and market returns that will fulfill your child
    needs time-to-time. It is advisable to speak to a
    financial expert and then choose the fund
    allocation. Understand your risk profile as well.
    Lastly, since child plans are long-term policies
    you have ample time to experiment with equity
    funds, book profits and root them to debt
    oriented funds. So, take this suitable
    opportunity and invest in child plans now!

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