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Secure Your Child's Future with Child Plans

At FINVIEW, we help parents protect their children's future and build funds for education, marriage, and other life milestones. Child plans combine life insurance protection with investment opportunities designed specifically for your child's needs.

Child insurance plans provide financial security for your children's aspirations and dreams. These plans ensure that even if something happens to you, your child's educational and life goals are not compromised.

Child Plan Coverage Areas

  1. Education Fund:
    1. Build a dedicated corpus for school, college, and higher education expenses with inflation adjustment.
  2. Parent Protection:
    1. Life insurance on parent ensures child's financial security if anything happens to the parent.
  3. Maturity Benefit:
    1. Lump sum payout when the child attains adulthood, providing funds for marriage or career initiation.
  4. Regular Payouts:
    1. Periodic payments during education years to support ongoing educational expenses.
  5. Premium Waiver:
    1. If parent becomes disabled or dies, remaining premiums are waived and benefits continue unaffected.
  6. Bonus Structure:
    1. Regular and terminal bonuses enhance the final payout amount for better corpus.
  7. Policy Loan:
    1. Borrow against accumulated cash value for emergencies without affecting policy benefits.
  8. Tax Benefits:
    1. Premium qualifies for tax deduction; maturity benefits and bonuses are tax-free.

Advantages

  • Dedicated Education Fund
  • Parent Protection Coverage
  • Guaranteed Returns
  • Premium Waiver Benefit
  • Tax-Free Benefits
  • Long-term Wealth Building

Disadvantages

  • Higher Premium Costs
  • Lower Returns vs. Direct Investment
  • Long Commitment Period
  • Early Surrender Charges
  • Limited Flexibility
  • Inflation Impact on Benefits

Child plans are an excellent way to fulfill your parental responsibilities by ensuring your children's bright future. By starting early and choosing the right child insurance plan, you create a strong financial foundation for their dreams and aspirations.

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