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Why should you take Child Insurance Policy?

The Biggest factor which makes the child insurance policies stand out among all the policies is Triple-Benefit. If you take a policy with Sum Assured Rs. 500,000 in your name (Husband or Wife) then;

Death Benefit: At the event of your death your spouse (Husband or Wife) in this case "appointee" will get Rs. 500,000 as death benefit.

Policy Continue: Your policy continues and the rest of the premiums are paid by the insurance company and all the benefits which are promised to you will be paid to your child upon reaching maturity. In case, your child dies, you may choose to continue or discontinue the policy.

Premium Waiver: Your spouse (Husband or Wife) will not pay any premium after your death. All the premiums will be paid by the insurance company in the benefit of your child.

So, in normal policies you get insured and if you die, your nominee gets the sum assured as death benefit and that's all. And as you can clearly see your spouse gets the death benefit as well as your child also get benefits of maturity.

How to select an Insurance Policy for Your Child?

I need one lump-sum money for my child's higher education or marriage (Child Traditional Endowment Guaranteed Plans Analysis).

I need one lump-sum money for my child's higher education or marriage with lesser rate of growth (Child Traditional Endowment Plans with non guaranteed returns Analysis).

I need returns on regular intervals to fulfill various obligations like Child Education, Tuition, Admission Fees, Coaching Classes (Child Traditional Moneyback Guaranteed Plans Analysis).

I need returns for my child's education and marriage (periodic non guaranteed and one time maturity benefit) (Child Traditional Moneyback Plans with non guaranteed returns Analysis).

I need returns for my child's education and marriage (periodic non guaranteed and one time maturity benefit) (Child Traditional Moneyback Plans with non guaranteed bonus Analysis).

I need guaranteed money- no market risk -lesser rate of growth (6%-10%) (Policies with Guaranteed Returns Analysis)

I need higher rate of growth. (15% - 30%) - higher market risk involved. (ULIP-Based Child Plans Analysis)

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