Child Plans In India (2)

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Child Plans In India
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An Introduction to Child Insurance
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• Child Plans In India is one such option that
  helps you in planning and securing your child
  future at any time. There are a number of
  insurance companies offering policies to suit
  your child's growing needs. Child insurance is a
  great option because taking out a small amount of
  premium from your monthly or annual income will
  not affect your other needs, and you won't even
  come to know how conveniently you collected a
  pool of money for your child's benefit.
• A number of benefits are covered under this type
  of insurance. For example, education, health,
  medicine, and marriage are the common ones.
  However, generally one has to take a separate
  policy for each benefit. Every policy has
  different terms and conditions suiting different
  customer needs.

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• Some policies provide a guaranteed amount of lump
  sum money at the end of the policy tenure. They
  are commonly known as child endowment policies.
  Similarly, child money back policies work like an
  income plan where at periodic intervals
  guaranteed or non-guaranteed amount of money is
  paid to the insurance holder to help him meet
  various demands like admission fees, coaching
  classes, etc. from time-to-time. These days Unit
  Linked Insurance Plan has become popular. They
  are high-risk and high-return plans normally
  taken for a long tenure.

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• Every Child Plans In India has a different growth
  rate that varies directly with the level of
  market risk involved. Policies with guaranteed
  returns, for instance, are less growth-oriented
  than the ones with varying returns like ULIP.
  Some of the policies also have a security feature
  according to which an assured sum of money
  decided in advance is payable in the event of the
  unfortunate death of the parent. Moreover, all
  future premiums are waived off.
• Source-http//bit.ly/2nGKjRr

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