LIFE INSURANCE
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum.
Child Plan
Child Education Insurance Plans are insurance plans that take care of your Protection and Saving needs for securing the future of your children. In case of death of policyholder in a stipulated period of time, the insurance company also waives the future premium payments* for the remaining policy term to ensure that your children's future is always secure. There are several Insurance Companies offering various plans to secure the need of Child Education and Future Life. It can also be used as collateral for an education loan.
Child plan is a mixture of investment and insurance that usually aids in financial planning for Childs’ future needs and requirements.
Important Note: - The contents available on this site is for General awareness/Knowledge only. The actual canvases depend upon the cover opted for and subject to terms and condition of the policy issued by respective Insurance Companies.