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About Children Insurance Plans


   What's the biggest financial commitment of a parent today? At least two out of three say, "It's to meet the rising costs of their child's education." The fact is that most financial planners say that as inflation rises, the first thing to get impacted is the education sector. Planning for the child's future is an important step.

   Child insurance plans are one of the tools that help parents secure the financial future of their child. Children's insurance policies have always been popular in India, but their significance has gone up of late due to rising costs, particularly in education

   Child Insurance is a powerful means to take care of unforeseen risks and situations that can adversely affect you or your family in your absence. Moreover, it is the most effective method of saving which goes a long way in planning your children’s education, daughter’s marriage and for any other contingency. As a parent providing a good education and establishing a professional career is expensive and will further increases as time goes.


   Children's plans are immensely popular as parents are looking at so many non-traditional avenues for their kids. In case of unfourtunate demise of a parent, children plans offer immediate support to the child. No further premiums are payable by the child, in case of death during the policy term. It becomes a regular income where the child can easily continue his education in your absence.


TAX SAVING :
Premium paid in that financial year towards all life insurance come  with Tax rebate under Sec 80C and in case of Health insurance under sec 80D.

 

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