List of Top 5 Child Plans In India 2021
Published On Mar 16, 2021 12:00 AM By InsuranceDekho
Table of Contents
Child insurance plans are a type of life insurance plans that aim to help you build a stable financial future for your child. The plan provides you with an investment corpus at the time of plan maturity even if you are not around. Thus, it helps you leave a secured and guaranteed fund for financing the future of your child.
Why is a Child Education Plan Needed?
A child Plan not only protects your child's future but also gives you a few added advantages.
1. Guaranteed Benefit
The guarantee provided by the Child Education Package is not offered by any other form of investment. Many child education programs have a built-in incentive called a premium exemption benefit. This benefit offers to pay a maturity benefit regardless of whether the parent is present at maturity. The profit, thus, secures the future of the child.
2. Dual Benefit
The Child Education Package serves as a two-pronged investment-cum-insurance plan. One is the formation of a financial corpus, particularly for the kid. Second, it aims to provide funding for crucial achievements in the child's future. School education plans have set up a fund expressly structured to address the demands of higher education for girls. Thus, the plan meets the individual's child planning requirements.
You may also like read:- Tips To Purchase Child Plan
Top Child Plans In India 2021
Here's a list of the best child insurance plans available to Indian parents.
Child Plans |
Features |
HDFC Life YoungStar Super Premium Plan |
|
ICICI Smart Life Plan |
|
Bajaj Allianz Young Assure Plan |
|
LIC New Children’s Money Back Plan |
|
Max Life Future Genius Education Plan |
|
Also Read:- Things You Must Know About Child Insurance Plans
Top Reasons To Buy A Child Insurance Plan
Conclusion
As a parent, there's no way you'd want to risk the future of your children, particularly their education. Investing in a child plan, then, lets you plan accordingly and make sure your child is healthy, come what may. There are a range of child plans on sale, from market-linked and conventional plans to standard and lump-sum plans, among many others.After weighing the various premiums and incentives, you should take your pick based on the particular requirement.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.