With rising cost of living it is wise for parents to start investing for their children’s future early in their life. One of the ideal ways to do so is by selecting a lucrative child insurance plan which will help your children achieve their dreams without having to worry about finances.
It is advised to opt for a plan from leading lenders such as NBFCs who offer host of benefits on the child plan thus helping parents secure their future. These include -
- Policyholders can choose how they want the benefits of the policy to be paid out. This ensures that your child is covered when they need financial security the most.
- Lenders offer assured payouts at the time of maturity when the policy is paid out.
- Enjoy additional bonus and benefits so your child can make the most of the plan.
- The plan offers comprehensive cover against all oddities so your child stays secure.
- Receive additional cover with enhanced rider benefits for complete protection of your child.
In addition, you get tax benefits under sections 80C and 10(10D) of the Income Tax Act.
Lenders understand the need of a child plan and thus offer custom benefits to cover the needs of the policyholder. Before signing up for any plan you may compare child insurance plans from various providers so you can pick the one which suits your child needs. Additionally, to know more about the plan you can discuss terms with your Relationship Manager.
Related Read: PICK CHILD LIFE INSURANCE PLAN AS AN INVESTMENT PLAN
