Child Plan | Child Insurance - Life Insurance Plans

Life is uncertain and unpredictable
You never know what lies in the future. An untimely death can seriously hamper your child's future. With children insurance plans, you can be rest assured that there is financial support for your child in case of any eventuality.

You don't want your child to let go of his dreams
Having the right amount of money at the right time is crucial. Lack of finances at critical stages in your child's early life can put his/her career off-track.

To battle inflation
Inflation can eat into your savings. A professional course that costs Rs 5 lakh today would cost more in the future.

Note: Inflation rate assumed at the rate of 6% per annum. Future value rounded to the nearest thousand.

To overcome the reducing power of the rupee
With inflation on the rise, your money's purchasing power is on a steady decline. It is thus necessary to invest in a way that your buying capacity is in sync with the changing times.

Note: Inflation rate assumed at the rate of 6% per annum. Future value rounded to the nearest thousand.

Planning, saving and investing early via child life insurance plan will enable you to:

Enjoy a longer investment period
Investing small amounts of money at regular intervals over a longer period of time can help you build a bigger corpus for your child.

Enjoy the benefits of compounding
Invest early and let your money grow rapidly, by earning interest on returns earned, with the magic of compounding.

	Invest today	Invest after 10 years
Annual investment	Rs 10000	Rs 20000
Age at which you begin investing	30 years	40 years
At age 50 years
Total investment	Rs 200000	Rs 200000
Wealth built	Rs 494000	Rs 313000
	Difference of 57.83%

Note: Rate of return assumed at the rate of 8% per annum.

Over and above planning early,

Invest with a goal
Setting financial goals is an important aspect of financial planning. Chalk out the stages in your child's life; calculate when and how much money would be required at each of this stage. Buy a child plan accordingly.

Earn real returns
You should take into account the rate of inflation while assessing your investments. Even if you are enjoying a decent rate of return on your investments, it would be futile if the inflation rate is higher than the returns. Real return is anything you earn above inflation rate. Make a wise decision; choose an investment option that lets you earn more than the prevailing inflation.
Real returns = Investment return - Inflation
Invest regularly
Regular investment in children plans not only reduces your financial burden but also helps you tide over market volatility. You get a chance to invest money, both in the highs and lows of market, thus averaging out any volatility.

By using child life insurance policy as the route to fulfill your dreams, you are able to:

Provide financial security for your child even on your death
You can rest assured that your child lives on to see his dreams come true even if you are no longer around.

Accumulate a corpus that will enable realization of all dreams
The plan will make sure that lack of finance doesn't come between your child and his dreams.

Enjoy tax-benefits
Investment in children plans can let you enjoy tax benefits under Section 80C and 10(10D) of Income Tax Act, 1961.

Enjoy dual benefits of insurance as well as real returns
The premiums you pay are invested into financial instruments, which are actively managed by experts to help you more earn from the policy.

Use market highs and lows to your advantage
By paying premiums regularly you can swing the highs and lows of the market to your advantage.

Provide for a higher financial security through 'riders'
Riders let you enjoy more from the life insurance plan and will provide additional financial security in the unfortunate event of your death or disability.

Option of placing the policy as collateral to raise a loan
The plan also makes you eligible for loan after a lock-in period. Your policy will be the collateral against the loan.

Create a bigger corpus for your child's future
Timely investments can assure higher funds for your child's future, be it his/her education or marriage.

Let your money grow along with your child
With inflation on the rise, your savings for your child's future may not be able to achieve the set goals. Investing in child plans is a prudent way to ensure that your money grows with time.

Click on the child plan of your choice to know more about the plan
Refer to plan brochure and premium calculator for further information.
Click on "send me a life advisor" in order to contact an expert advisor who will guide you in the buying process.

Send me a Life Advisor

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