Benefits of buying child plan

1
Benefits of buying child plan
2
Child Plan what is all about?

• Child plan is plan that secures your child's
  future and build stronger financial security. The
  benefits will be forwarded to the child at
  various important junctions of his/her life such
  as education, marriage, mortgage payment etc.

3
Types of Child Plans - Take Your Pick

• Child ULIPs - A fraction of the premium flows
  into debt instruments and the rest into equity
  instruments. The decision of switching between
  funds remains in hands of the insured. Since it's
  a market linked plan, the return is decided by
  the net value of the assets at the maturity
  period.
• Child Endowment Plans - The premium flows into
  debt instruments, the decision of which is at the
  discretion of the insurance company. Return is
  decided by bonus payable on maturity.

4
Why to take child insurance policy?

• Provide financial security for your child even on
  your death.
• Enjoy tax benefits
• Enjoy dual benefits of insurance as well as real
  returns
• Option of placing the policy as collateral to
  raise a loan after a lock-in period.
• Investing in child plans is a prudent way to
  ensure that your money grows with time.

5
When should I buy a child plan?

• Ideally, you should buy a child plan as soon as
  early as possible. This allows you to accumulate
  more funds towards the maturity amount. Also, the
  younger and healthier a person is, the lower will
  be premiums associated with insuring them.

6
Tips for buying Child Plans

• Start financial planning and invest to secure
  your childs future as soon as possible.
• Always invest in plans offering premium wavier
  benefit.
• The premium amount will highly depend on the
  assured sum and the maturity amount preferred by
  policy buyer.
• If you have sufficient funds, then opt for a
  one-time payment.
• Opt for a plan that offers a good mix of capital
  protection and growth.
• Compare the child plan price quotes from
  different insurance providers prior purchasing
  them.

7
Do I Really Need a Child Education Policy?

• Yes, you do! Let Us Help You
• At Maxlife Insurance, we provide best child plan
  to every parent to ensure a bright future for
  your children.

8
(No Transcript)