Child education plan are financial product that combine the benefit of saving and insurance. these plan are designed to help parents in saving and investing for their children future education expenses. simultaneously they provide financial security in case of an unfortunate event.
Child education plan are espicially designed to help parents financially secure their child future in a disciplined way. In a children education plan you pay premium (monthly, half yearly, yearly, single pay) for a specific period. at the end of policy term you get a lump sum amount as the maturity benefit. while you create a corpus for a child education the insurance element provides you with life cover.
In case of an unfortunante death of a parents (policyholder) a child plan will support nominee with triple benefit. while the life cover amount is paid to family the remaining premium of the plan are paid by the insurer.
Also the child get benfit of a monthly payout to meet his/her expenses. that means even in your absence the child can use this amount to cover educational cost such as tuiton fees, books, uniforms, etc. beside child education offer flexible payout option at important milestone of your child.
Why Buy Child Education Plan?
In case of the policyholder untimely death child plan provide triple benefit for complete protection.
- The life cover is paid to the nominee/family member to meet immediate expenses.
- Future premium amount of the market linked child plan are paid by insurer. upon maturity the amount is paid to the child.
- The Child get monthly income to meet regular expenses.
