Effective child rearing is no mean achievement. A colossal supporter of this achievement is monetary getting ready for your kid's future needs at the correct age! There is actually no better blessing you can give your kid, than the guarantee of a safe future with YoungStar Child Plans that incorporate youngster protection plans and kid instruction plans from Safebima. This Birthday, present your kid a protected future and profession to watch her take off high to satisfy her fantasies with youngster speculation designs by Safebima.com.
A children insurance plan, like other life insurance policies provide life insurance coverage to dependents. In this case, the protection is meant for the child.
A children future plan also provides money for higher education. In case of the untimely demise of the insured parent, many child plans have what is a called premium waiver feature that ensures that the child plan remains in force for the remaining part of the policy term.
A children’s plan works equally well if the unfortunate event doesn’t take place. You invest regularly throughout the term thanks to your premium payments.
This is the icing on the cake. Besides the protection benefits and helping you save substantial amounts, a children education plan helps you save tax.
Depends on the sum assured and maturity amount. It can be Regular premium: Yearly, half yearly or even quarterly or Single premium.
Ideally sum assured should be around 10 times your present income.
Age at which you think your child needs to get on his feet - present age of the child.
Lump sum that you would require at the end of the policy term taking the inflation rate into account.
This rider that comes inbuilt in child plans. This rider enables the policy to continue by passing off the financial burden to pay the rest of the premium to the insurer, in case of death of the insured.
This feature helps to meet the financial needs of a child at key moments in his/her life.
Accidental Death and Disability Benefit, critical Illness Rider Benefit etc.
Additional benefits come with additional cost.
Age Proof --> Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter ID, etc.(Any one)
Identity Proof --> Driving License, Passport, Voter ID, PAN Card, Aadhar Card, which proves ones citizenship
Address Proof --> Electricity Bill, Telephone Bill, Ration Card, Driving License, Passport, should clearly mention the permanent address
Income Proof --> income proof specifying the income of the person buying the insurance
Proposal Form --> duly filled in proposal form is required
Medical Tests --> Some companies may require medical check-up in order to make sure that the insured does not suffer from any chronic illness.
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