NewsPerspectivesPoliticsFinanceTechBusinessTravelHealth/FitnessInsuranceLegalSportsFashion

Dual Benefits of Child Plan Investment and Protection

An important aspect in the proper upbringing of a child is to plan for his/her future well in advance. While fulfilling the daily chores involved in the process of parenting, it is quite normal to see parents forgetting the long term needs of a child upbringing. As a result, we often see parents in a fix when they are not able to provide the needed financial support to their child so that they can pursue the best education that would enhance their prospects.

If as a parent, you do not want to see yourself in such a situation, it is advised that you should start saving and invest these savings so that the money can grow over the time and could be fruitfully used when it is most required. One of the widely used investment option is a child plan offered by the insurance companies. The best time to save and invest is now, as the golden rule of financial planning is to invest as early as possible. . Child plans provide you milestone payments when you most need them. The timing of these payments can be pre-defined and usually coincides with the timing when your child would be planning to pursue college or higher education and also at the time of his or her marriage. Besides these milestone payments,

The key advantage of investing in a child insurance plan is that it offers the dual benefit of investment and protection.

Investment Benefit - Generally investments are made in a child plan in the form of annual or quarterly premiums. There is a host of online child plan available on the market and you may choose the one that best fits your needs. The best child plan is one that helps you grow your money so that you are able to meet the future requirements to fund various milestones in your child's and life to your own satisfaction. Child plans provide you milestone payments when you most need them. The timing of these payments can be pre-defined and usually coincides with the timing when your child would be planning to pursue college or higher education and also at the time of his or her marriage. Besides these milestone payments, a child plan also entitles to a terminal payment when the policy expires. Several plans offer the option to the investor to decide on the quantum of payment they would expect at different points in time.

Protection Benefit - . Child plans provide you milestone payments when you most need them. The timing of these payments can be pre-defined and usually coincides with the timing when your child would be planning to pursue college or higher education and also at the time of his or her marriage. Besides these milestone payments,  The protection benefit is the one that any parent will find to be the most crucial one. A child insurance plan secures the future of your child even in the case of unfortunate demise of the parent. If such an unfortunate event happens, the insurance company would provide to the child a death benefit, which is a fixed percentage of the maturity benefit. Besides, most child plans also come with a premium waiver benefit. In order to ensure that the Best Child Plan does not get lapsed because of non-payment of premium in case of death of the parent, the insurance company waives off the premium liability, while at the same time the rest of the benefits which include the education and marriage payouts are paid out to the child as planned.

Source:- http://bit.ly/2bB8xXj

+3
Author's Score
2.2
Up Votes
4
Down Votes
0
Articles
2
Voted on
2 articles

Comments on Dual Benefits of Child Plan Investment and Protection

Fonolive.com, Fastest Growing Classifieds Marketplace
Fonolive.com, #1 Free Classifieds Marketplace
Tags:
Best Child Plan, Best Child Plan,

Recent Articles

Getting the best bike insurance policy can be a challenging task for you, unless you’re adept at it. Given...
Car insurance is an important financial product for any motorist. There are two broad categories of car insurance...
  1. Preparation   The CNC turning and milling composite processing manufacturer introduced the...
क्या आपके पास अपनी कंपनी शुरू करने के बारे...
The gloom and doom about the slumping housing and credit market in Australia right now are real. Between the...
Backpage EscortsEscorts Canada, TorontoEscorts VancouverEscorts CalgaryEscorts Ottawa


Copyrights © 2021 Voticle. All Rights Reserved.