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Children's Plan Policy |
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 Children's insurance includes policies through which parents can provide for life insurance for their child from birth. The risk cover according to the age of 12 / 17 / 18 / 21 years. the parents are the owners of the policy and have to pay the premium periodically. Children’s policies are designed to enable a parent or a legal guardian of the child to provide insurance cover for the child . With such policies, you as a parent will need to pay the premium for your child’s policy depending on the plan and the term till your child attains majority .These plans help to attain bright future for your children. Under Children's Assurance policies, the three main dates are the date of commencement, the date of risk and the date of maturity or vesting. Sometimes problems may arise due to death of the parent, who is the payer of the premium, and the child may not be in a position to continue paying the premiums after the parent’s death.
Benefits :
- Gives valuable protection and invaluable financial support to the child.
- Works on Beneficiary concept, where beneficiary is the sole person to receive the benefit under the policy.
- Provides you multiple options for multiple benefits.
- Helps you customize an ideal plan for your child.
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