Child Insurance Plan
Child insurance plan is an investment cum insurance plan from life insurance companies, which offers financial safety to your child’s dreams and goals. You can use a child insurance plan to invest in the big life goals of your child like higher education and marriage.
While you are building the corpus to fulfill these goals for your child, an insurance plan provides a safety cushion to the corpus in case of your untimely demise. In the unfortunate event of your passing away before fulfilling the goal, the plan can invest the money on your behalf and give the maturity amount you originally aimed for your child.
Thus, child insurance plans are part of broader child-specific financial products, which also include child education plans. Child insurance plans are a mix of insurance and investment products, which ensure the financial security of your child’s future. These plans pay the life cover as a lump-sum amount at the end of the policy term.
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Save upto ₹46,800 in tax
under Sec 80C -
Investment Flexibility
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Flexible Payout Options
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Death benefits