Here’s what to look for in child insurance plans

Here’s what to look for in child insurance plans Child insurance

Becoming a parent is one of the proudest moments in life. When a child is born, life is automatically filled with laughter and excitement and as parents; it’s an extraordinary feeling. But with its joy and happiness, parenting also invites a world of responsibilities. • And fulfilling these responsibilities will take funds, lots of funds! It’s this question of funds that has a lot of new parents stressed. But, there is a way to take care of these responsibilities with ease and it’s choosing one of the many child insurance plans available in the market today.

Child insurance plan provides insurance cover as well as a great investment instrument Child educationplan

As parents, you can buy such a plan and start investing in it as soon as the child is born. And on adulthood, you receive a substantial payout that will provide your children a secure platform to achieve their dreams and follow their aspirations. • What’s more is that there are child insurance plans that even allow policyholders to make periodic or occasional withdrawals before maturity of the plan. With child plansyou can systematically plan your child’s medical needs, educational goals and marriage expenses.

A child insurance plan should provide your children financial protection

Financial Protection: A Investment Plan For Child should provide your children financial protection in the unfortunate event of your death. Good child insurance plans take care of your child’s every financial need, even in your absence, by providing a sum assured or periodic payments that will cover the welfare, medical costs and educational needs of your children. • Maturity Benefit: Most child education plans provide maturity benefits when your child turns 18, 21 or 24. With maturity at these ages, child plans ensure that at the most vital junctures of your child’s life, the maturity benefit is available to give a platform to his or her dreams and aspirations. So when choosing a child plan, you should ensure that the amount you stand to receive on maturity is enough to cater to the plans you have sketched out for your kid’s needs. Make sure this amount also covers the cost of inflation.

The maturity benefit you receive when the policy tenure ends will help you provide finances for your child’s higher education

Partial withdrawal facility: The maturity benefit you receive when the policy tenure ends will help you provide finances for your child’s higher education, marriage, etc. But what if you need urgent funds before the policy matures? In that case there are numerous child insurance plans that provide you the option to withdraw funds from your policy partially, in order to meet any urgent requirement that arise. So it’s wise to look for child plans that offer this facility whilst looking for a policy for your child. • Look for riders: Any Best Child Insurance Plans that provide you the above mentioned benefits are sure to provide you and your children a secure financial future. But if you’re looking to go one step ahead, you can look for child plans that come with additional benefits like surrender benefit, guaranteed bonus, etc. Further, one can supplement a Child Plans In India with waiver of premium, income-benefit, personal accident benefit, critical illness and other additional riders. • These pointers will help you choose the right plan among all the child insurance plans available in the market and also help you make one more good decision as a great parent!

To Read More on Child plans Or Child insurance plans Visit us https://blogs.bajajallianzlife.com/ • To Buy Child insurance plans Click Here https://www.bajajallianzlife.com/child-plans/child-plans.jsp

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Here’s what to look for in child insurance plans