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Child Insurance The Best Insurance Option for your Child's Future

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Save systematically and secure the financial future of your child by investing in Child Plan and let your child enjoy today without worrying about tomorrow. – PowerPoint PPT presentation

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Title: Child Insurance The Best Insurance Option for your Child's Future


1
Child Insurance The Best Insurance Option for
your Child's Future
2
  • The utmost financial goal of any parents is to
    invest and save for their child's future.
    Children are the priciest possession of any
    parent. The child's joy, happiness and future
    mean a world to a parent. With educational costs
    sky rocketing and unexpected expenses at
    unexpected times, life comes packed with a lot of
    surprises. A happy and secure future of their
    child is each parent's responsibility.

3
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4
  • Today, a parent can plan and secure a child's
    financial future using some incredible tools that
    are available. Child Insurance plans are one
    such. It plays a significant role in assuring the
    child a financial security when it comes to their
    future goals like higher education and marriage.
    Child insurance policies are nothing by life
    insurance policies that are created to cater to
    the financial requirements of a child when the
    need arises. By assessing when your child's
    academic or marriage need would arise you can
    choose a plan and an ideal goal based investing
    strategy that will mature right at the time when
    the goal materializes.

5
  • Child insurance not only benefits the child, but
    also the parents. To begin with, it gives
    sufficient time for a parent to plan out the
    finances over a prolonged period and totally
    relieves them of major financial burden at a
    crucial time when a lump sum amount is needed.
    Over the period, the parent will be able to save
    small amounts, enough to suit their pocket and in
    the meanwhile be assured of a secure financial
    future for their beloved child. Technically, it
    is the parent/child's guardian who is essentially
    covered under a child plan in the best interest
    of the child.

6
  • It basically works like this - if the parent dies
    within the policy tenure, the best child plans
    can live a safe and comfortable life with the
    financial assistance provided by the policy. If
    the parent survives the policy period, the sum
    assured by the insurance policy chosen will be
    automatically credited towards the child's
    education or marriage. It promises dual benefits
    of saving along with insurance.

7
  • A parent can purchase a policy soon after the
    child is born and can invest in it for a maximum
    of up to 30 years. It is applicable for any child
    below the age of 17. Usually, a maximum of Rs.
    25, 00, 000 is the assured sum. A parent can
    avail a host of benefits if the premium amount is
    properly paid for the first three years.
  • Child insurance plans in India have one other
    great advantage - in the case of a parent's
    death, the policy will continue till maturity and
    the insurance company will pay all future
    premiums on behalf of the parent for the child. A
    parent just has to make sure that the policy they
    choose has a waiver of premium rider availble.

8
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Sourcehttp//articles.abilogic.com/8910/child-ins
urance-best-insurance-option.html
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