Start Planning for Your Child's Education
As a parent, your kids are the most important part of your lives. Smallest of your happy moments depend on them. While trying to maintain a balance between emotions & practical life, managing spending and savings often becomes a tricky task.
You would do anything to make your children happy and to secure their life & future. Max Life Child Insurance Plans have been specially customized to address your child’s future needs, even in your absence.
What is a Child Insurance Plan?
A child insurance plan is a combination of insurance and investment that ensure a secure future for your child. Life cover is available as a lumpsum payment at the end of policy term. Not just this, these plans also provide flexible payouts at important milestones of your child's education. While one may not want to think about unfortunate situations like death or serious medical illness, it’s important that you shield your child’s future against such incidents. Max Life Child Insurance Plans ensure that your child’s future financial needs are taken care of even in your absence.
Why Buy a Child Plan?
Simple monthly savings might not suffice the growing higher education costs. For your child to shine in the competitive environment, education fees should be the last constraint. Child insurance plans provide you the flexibility to invest based on your child's education needs, your current financial status, and other monetary goals. Typically, child insurance plans provide a life cover of around 10 times the annual premium. Additionally, these plans also provide partial withdrawal facility as needed. Along with this, you can also avail tax benefits for the premium paid.
How a child insurance plan will secure your child's future?
Provides financial security during the most crucial years of your child's life
Offers a perfect blend of investment and savings in a single plan
Safeguards child's future, even after demise of the parent
Favours disciplined, long term savings, which usually becomes a challenge