Child Insurance The Best Insurance Option for your Childs Future plan - PowerPoint PPT Presentation

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Child Insurance The Best Insurance Option for your Childs Future plan

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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 Childs Future plan


1
Child Insurance The Best Insurance Option for
your Childs Future
2
  • The utmost financial goal of any parents is to
    invest and save for their Children 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
    Children is each parent's responsibility.

3
  • 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
    Children 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.

4
  • Child insurance not only benefits the Children,
    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.

5
  • It basically works like this - if the parent dies
    within the policy tenure, the Children 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 child insurance plans policy chosen will be
    automatically credited towards the Children's
    education or marriage. It promises dual benefits
    of saving along with insurance.

6
  • A parent can purchase a policy soon after the
    Children is born and can invest in it for a
    maximum of up to 30 years. It is applicable for
    any Children 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
    Children. A parent just has to make sure that the
    policy they choose has a waiver of premium rider
    availble.
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