Life is unpredictable. Nothing is assured. You must prepare yourself for any challenge. Is the future of your child secured? If you have not taken any step for it, start planning. For the security of the future of your child, you can avail a child insurance plan. A child insurance policy will assure some benefits for your child’s education and future. It can help you cover the rising education expenses of your child. Leading insurance firms provide child insurance plans with different benefits.
Child life insurance is an agreement between the policy holder and the insurer. The policy holder will pay a premium amount every month in terms of installments and the insurer will pay a specified amount as per the rules of the policy. The child will get the money for his/her expenses as per the terms mentioned in the agreement.
Benefits of Child Insurance Plan:
- Get a lump sum amount as per the plan in case of any accident.
- Avail tax benefits under Income Tax Act Section 80C
- Give a secure future to your child even if you are not there
Compare all the plans online and choose the best child insurance plan