LIC Child Plan
THE top education,
a fairytale wedding, good health
the best of everything.
This is the wish of every parent for their child. You can make this wish a reality.
Insurance policy for children is the a way for parents to guarantee their child’s financial safety. Until the child reaches the particular age of maturity the parent will be the title-holder, paying a premium at regular intervals. However, keep in mind that in case of an unfortunate early death of the policy holder, the child might not be in a situation to pay the premium. Different insurance policies offer different provisions for such cases.
LIC offers several plans as mentioned below ….
· Jeevan Anurag
· Komal Jeevan
· CDA Endowment Vesting At 21
· Marriage Endowment Or Educational Annuity Plan
· CDA Endowment Vesting At 18
· Jeevan Kishore Jeevan Chhaya
· Child Career Plan Child Future Plan
The plans presented by insurance companies assist to build a fund for your child's education, and offer an insurance cover together with. There are some concerns that clarify which plan you should choose, as well as how much you would require for your child, the level of safety. Advisors say investments for children must be reasonably protected.
The selected plan could offer payment at serious milestones of the child's career, subsequently a lumpsum payment when it matures. "The insured can be either the parent or the child. In case of death of the parent, a lump sum amount is made available to the child and future premiums are waived off,"
Nowadays, providing high-quality education, establishing a professional career or even doing a fairytale wedding is costly. Every parent needs considerable savings to support their children to take these significant steps in his life.
Insurance offers a very straightforward assurance in terms of money support to a child and family in case of death or disability of a parent. It takes care of the child’s education and give financial support till he or she is able to stand on his or her own feet
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