Secure Bright Future For Your Child Through a Customized Child Plan.

All About Customized Child Plan


 Customized Child Plan

What is the best Child Plan that will secure your child’s future? The question that in the minds of parents who are nervy to get the best protection for your children while most of the child insurance offers benefits that are different to market rates provided by the competitors it may be in your best financial interest to go for customized child insurance, rather than opt for something off the shelves. 

There are two types of Customized Child Plan-

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

What is the right time to buy a Customized Child Plan?

Just like any investment to grow substantially, it taken for a longer duration to pay better whether traditional or ULIP. The time at which you buy child plan is an important factor for the policy to be effective in terms of premium paid and the returns Buying a plan early in the child’s life also makes premiums for the plan manageable and affordable for a decided upon corpus. Premiums for generating the same return rise with every year delayed. 

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