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Child Education Plan

A child education plan is an insurance policy that helps parents save and invest money for their childs education, protecting their savings and securing their childs future.<br>

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Child Education Plan

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  1. Child Education Plan

  2. What Are Child Education Plans? A child education plan is a special type of child policy plan which is designed for parents to secure their child's future financially in a structured way. The parents have to pay a certain amount of premium and they will receive a certain maturity benefit for the child's higher education. Moreover, the child plan also provides life cover from the insurance element of the policy. The premium can be monthly, semi-annually, annually or a one-time payment. In the unfortunate death of one of the parents, a child plan can offer triple benefits to beneficiaries. This includes a life insurance cover, payout of the maturity benefit and the payment of insurance premiums by the insurer. This payout can be received as a single lump sum upon maturity or periodically at different ages of the child.

  3. Why Do You Need a Child Education Plan? Child Education Plan allows you to stay financially ready for your child's educational requirements. These plans assist in saving for your child's future needs and offer returns to help you achieve your child's desired goals: Quick assistance during financial emergencies Safeguarding the child’s future Addressing increasing education costs Assured investment returns Providing security for obtaining education loans

  4. Why Invest in Child Plans? Investing in child policy can allow to enjoy triple benefits in case of untimely demise of a policyholder, which are as follows: A life cover is provided to the nominees of the policyholder i.e. the family members. All the remaining premiums are borne by the insurance company. On maturity, the sum assured is paid out to the child. Also, during the present scenario, the child beneficiary gets his or her monthly expense cover. It includes education-related costs such as books, copies, tuition fees, etc.

  5. Thank You

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