Why Having A Child Plan Is Beneficial To Your Children?

Due to rising inflation it has become imperative for parents to start planning for their children early. It maybe for their education or just about anything the right child insurance plan in place to take care of finances.

Though, you may get a plan from various lenders available in the market today, it is advisable to opt for ones who are experienced and offer benefits fitting your needs. You may research online among various plans to help you make an informed decision.

Let’s know about the benefits of child plans -

It offers comprehensive cover against host of financial emergencies your child may be in need of in the future. You can not just research and compare these plans online but apply for them too via a simple e-form available at the lender’s official website. The policy provides guaranteed returns benefits to the policyholder so you never have to worry about funds. The policy offers add-on benefits and enhanced rider-coverage to the policy holder so you can make the most of the policy. Moreover, the policyholder enjoys tax benefits under Section 80C and 10(10D) of the Income Tax Act.

Some interesting plans to investment plans are:

HDFC YoungStar Udaan Plan
Bajaj Allianz Young Assure Plan

Further, the child gets doubly secured in case the policyholder passes away during the course of the policy. In this situation, the insurance company will pay first at the time of the policyholder's death owing to its Waiver of Premium (WOP) facility. The lender will continue to invest towards the policy on behalf of the deceased policyholder. This amount, at maturity is provided to the child to compensate their financial needs.

Comments

Quick Guide For Zero Depreciation In Car Insurance

Some parts of your car face wear-and-tear faster than the others and these parts are often referred to as depreciated parts. Once you file for an insurance claim, the insurance company deducts a value equal to the depreciated value of all such parts and does not settle your claim in full. The parts that are made up of rubber, plastic, fiber, etc. fall in this category. If you want to avoid this deduction from the final claim amount, you can avail of a zero depreciation car insurance cover. It is also known as nil depreciation cover as it nullifies the deduction from the claim amount due to the deprecated components of your vehicle. The benefits of a zero depreciation car insurance policy are stated below: Comes at a reasonable price If you have already purchased a comprehensive car insurance policy, you can avail of a zero depreciation car insurance cover at a nominal price. It is because it is an add-on insurance policy that only enhances your claim amount to reduce the part of the

Necessary Information On Hospital Cash Insurance Plan

Medical treatments these days are a matter of the huge amount of money. And if you need quality treatment facility from the super-specialty hospitals and clinics you need a medical insurance plan for you and your family. If you are planning for the medical insurance plan with hospital cash cover , then be sure to consult with the best insurance plan provider. Let us discuss in details. Financial companies such as reputed NBFC Bajaj Finserv and other insurance companies have their own health insurance policies that range from smaller amounts of bigger amounts. All these medical policies fall under the pocket insurance policy scheme. It gives clients the facility to get benefits with minimum investments. The procedure is quick and does not require lengthy documentation. You can get a higher amount of money with such hospital cash insurance to continue medical treatments even for critical patients. Just make sure you read the policy details clearly before you in

Stay Protected on the Road- Understanding the Importance of acko car insurance

Having a car insurance policy is essential for every car owner. It not only provides financial protection in case of any damage or loss but also ensures a safer driving experience. Acko is one of the leading car insurance providers in India, offering a wide range of insurance plans to suit the needs of all car owners. In this article, we will be discussing the importance of Acko car insurance in India and how it helps to stay protected on the road. We will also look at the various benefits and features of Acko car insurance policies that make them an ideal choice for car owners. Understanding the Importance of Acko new car insurance in India As the number of vehicles on Indian roads increases, so does the number of accidents and other related incidents. Traffic jams, road rage, and bad driving habits are some of the major causes of accidents. It is important for drivers to stay safe on the road, and to do so, they must have a car insurance policy. Acko new car insurance is one of

All Insurance News and Plans

Search This Blog