Children Plans
LIC’s New New Children’s Money Back Plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits.
Child plans are investment cum insurance plans that help to plan children’s future financial requirements by creating funds over a period of time. A child plan ensures payment of a lump-sum amount to a child on maturity to cover child’s college fees or marriage expenses.
LIC’s New Children’s Money Back Plan is a Non-linked, Participating, Individual, Life Assurance money back plan. This plan is specially designed to meet the educational, marriage and other needs of growing children through Survival Benefits. In addition, it provides for the risk cover on the life of child during the policy term and for number of survival benefits on surviving to the end of the specified durations. The plan can be purchased by any of the parent or grand parent for a child aged 0 to 12 years.
Take your first step towards building the life you always dreamed of…
Child plans are investment cum insurance plans that help to plan children’s future financial requirements by creating funds over a period of time. A child plan ensures payment of a lump-sum amount to a child on maturity to cover child’s college fees or marriage expenses.
Successful parenting is no mean accomplishment. A huge contributor to this success is financial planning for your child’s future needs at the right age! There is really no better gift you can give your child, than the promise of a secure future with YoungStar Child Plans that encompass child insurance plans & child education plans. This Birthday, gift your child a secure future & career to watch her soar high to fulfill her dreams with child investment plans.
When you consider the possibility of investing in life insurance, one of the first questions you’ll be faced with is this – who should buy life insurance? The answer to this question focuses on the financial situation of the investor. Typically, anybody who has a financial dependent would benefit from investing in life insurance. Financial dependents could include children, a spouse, a sibling, or even dependent parents.
Another category of people who should buy life insurance includes investors who want to enjoy the benefits of tax savings coupled with long-term capital appreciation. A life insurance policy is one of the few investment options that offers both these advantages. Aside from these benefits, there are many other ways in which life insurance can help the investor.
Life insurance works best when purchased as part of a carefully thought-out financial plan. We make sure you buy life insurance that best fits your need and requirement!