Child Insurance Plan
(1)
As a parent, you would not like to compromise your child's bright career, regardless of the rising cost of education. All you need is a saving’s plan that is designed to provide money at key educational milestones and take care of your loved ones future even if you are not around. Education insurance offers you unique features which ensure that this objective is achieved and it helps in strengthening your child’s dreams.
Education solutions ensures comprehensive financial planning for your child’s education/ developmental needs. In this you pay premium regularly or in a single lumpsum and during the key educational milestones of your child you can withdraw the money partially. It offers financial protection to your child’s future in the unfortunate event of your death.
(2)
The cost of higher education is increasing. The need for access to higher education and the cost will put a financial strain on you and your family. That is why it is important to start planning for your child's education as soon as possible, because the earlier you begin, the more time you allow your money to grow. The child education policy will provide the funds needed by your child to pursue further education and assures that whatever happens in the future, your child will still have the means to pursue some of his/her goals in life.
· Consider how much money you want to set aside for your child’s education.
· Make sure that the premium is affordable.
· Choose a policy that gives you flexibility so you can gradually increase the savings in the future.
· Ensure that you opt for the payor benefit rider.
