Best Child Insurance Plan In India

1. Best Child Insurance Plan

2. Best Child Insurance Plan In India No joy can be greater than becoming a parent and to have your child in your arms.

3. Importance of a Child life insurance plan? A best child insurance plan is needed to make certain that his/her future is secure. It is needed to aid them in leading a life of their choice by catering to the specific requirements and dreams of every child; to make certain that his/her needs are fulfilled at the right time. To help them in getting their choice of education as well as assist them in extra curricular interests. To ensure that they can choose a career of their interest, without worrying about the economic support. To make the dream of a perfect wedding come true; both for parents and their children.

4. How to select the most suitable Child plan? If you are wondering on how to choose a suitable child insurance plan, then have a look at these suggestions below. Understand the probable future needs of your child then choose the plan which can fulfill those specific requirements. Consider every angle of the risks and your capabilities to bear them. Do decide with careful evaluation that whether you want to reap all the benefits at once or at different stages. You can choose broadly from two variants: traditional plans and ULIPs.

5. Best time to choose Child Policy: There is no specific time. You can decide on child insurance as soon you realize that it is needed. It can be on the day when your baby is born or the day he/she goes to school for the first time. Things to be careful of: When finalizing an insurance plan for child, make sure you have a trusted appointee for the plan. In case of your unseen absence, the appointee should be capable of taking care of your child in the best possible way; till your child becomes capable of handling his/her responsibility himself/herself.

6. Types of Child Plans -  Child ULIPs- A fraction of the premium flows into debt instruments and the rest into equity instruments. The decision of switching between the funds remains in the hands of the insured. Since it's a market linked plan, the return is decided by the net value of the assets at the maturity period. Child Endowment Plans- The premium flows into debt instruments, the decision of which is at the discretion of the insurance company. Return is decided by the bonus payable on maturity.

7. Features and Flexibilities of a Typical Child PlanWork out the detailed specifications of the needs you are looking to fulfill through a Child Plan. Here are the key parameters you should look for- Premium Amount- It more or less depends on the Sum Assured and Maturity Amount you choose. Mode of Premium Payment -• Regular premium- As the name implies, the premium is paid on a regular basis. This can be yearly, half yearly or even quarterly. • Single premium - The premium is paid as a single payment.

8. Follow us on https://www.facebook.com/bajajallianzlifeinsuranceltd https://www.linkedin.com/company/bajaj-allianz-life-insurance-co-ltd- http://plus.google.com/+bajajallianz/posts https://twitter.com/bajajallianzLIC https://www.youtube.com/user/jiyobefikar https://instagram.com/bajajallianzlifeinsurance

9. Visit us to know more on Best Child Insurance Plan https://www.bajajallianz.com/Corp/child-insurance-plans/child-insurance-plans.jsp Thank You…!