It’s one of the plan which is specially designed for meeting the marriage, educational and growing requirements of the child. It provides risk cover for the child not only during the plan term but also during the term of extension which includes many years after the policy expires. The sum assured could be selected from the options available which are- Maturity age, term of policy, payment mode for the payment and the benefit from the premium waiver. Further there are options of paying premium which could be done -either half-yearly, yearly, quarterly or via salary deductions. They may be paid either for 5 or 6 years before the policy term. Further, there are numerous options, through which individuals could compare numerous policy. There are paradigm changes in the overall thought process of individuals as now they don’t distinguish between their kids, whether boy or girl. Read here recent articles and news on child future planning.
L&T Mutual Fund Scheme A child brings in unfathomable joy and happiness. Every time you look at your children, you dream of giving them the best of both worlds. Securing […]
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A proper child planning includes a lot of brain storming by parents. Most parents wonder whether buying a life insurance for their children is beneficial or not. As in today’s […]