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Is Having a Child Insurance Plan Really Worth the Cost? (1)


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: Is Having a Child Insurance Plan Really Worth the Cost? (1)

Is Having a Child Insurance Plan Really Worth the
  • When we talk about securing the future of our
    children, then a lot of investment instruments
    come in our mind in order to achieve the
    objective. As the upbringing of child is the
    major priority of every parent, it is important
    for every individual to do systematic planning in
    order to secure the future of the children.

(No Transcript)
  • In order to fulfill the parents intension about
    providing best facilities for their children,
    numerous insurance companies have come up with
    child insurance plans. But prior investing in
    these plans it is important to know that how much
    beneficial it is. Are they really worth investing
    in? What are the best investment options for your
    child? To help you get the answer of these
    questions here we have discussed in details about
    how benefit it is to have a child insurance plan.

  • Child insurance plans are investment cum
    insurance plans offered by insurance companies
    and are similar as endowment and ULIP plans.
    Although, these plans have one difference i.e.
    Unlike ULIP and endowment plans, the parents need
    to invest in the child plan right from the time
    the child is born. Unlike child insurance plan
    the insured person can withdraw the saved amount
    once the child reaches to his/her adulthood.

  • Like endowment and ULIP plan, in child plans a
    part of the premium paid goes towards paying the
    life coverage and the rest amount in invested in
    various investment instruments like equity, debt,
    etc. however, the portion deducted towards
    investment is very small, as the insurer deducts
    the premium allocation charge beforehand.
  • Resulting this, a very few part of the premium is
    invested during the initial years of the policy.
    Moreover, if the insured choose an option for any
    additional features provided by the insurance
    company like switching option or waiver of
    premium then the charges for the same is also
    deducted from the invested amount. So, initially
    these plans offer very low return and even if the
    insured end the plan without completing the
    tenure of the policy he/she might end up facing a

One of the most important aspects of future
planning is to plan for uncertainties. As life is
uncertain, the parents should make sure that the
child should not have a financial crisis in case
of any eventuality. The insurance company offers
a premium waiver during the tenure of the policy
of a child plan if the insured passes away.
Another advantage of having a child plan is that
it protects the income of your children if they
start earning at a very young age.
  • A child insurance plan secures the educational
    future of the children. The child education plan
    offers the dual benefit of saving come
    protection. The plan is designed to offer
    financial security to the child so that their
    education may not hindered in the case of any
    unfortunate event in future. Child education plan
    provides 10 times more sum assured amount with
    the minimum premium payment option. The lump-sum
    amount paid on child education plan can be
    further used for education expenditure.

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