What is a Child Insurance Plan?
A Child Insurance Plan is a financial product that combines insurance and investment to secure your child’s future. It ensures that your child’s education, career, and life goals are protected financially, even in your absence.
A child plan provides financial security even if the parent is not around, as the policy continues without premium payments in case of the policyholder’s demise.
Higher education expenses.
Overseas studies funding.
Marriage planning.
Emergency financial support.
Why Choose a Child Plan?
A Child Plan is not just a savings plan; it is a commitment to your child’s future.
Financial Security for Your Child
Life is unpredictable. A child plan ensures your child’s future is protected, even if something happens to you. The policy provides a lump sum payout to cover education, career, or marriage expenses.
Features of a Child Plan
Zenisk Insurance provides flexible child insurance plans tailored to your needs.
Life Cover for Parents
A child insurance plan provides life cover for the parent, ensuring that the child remains financially secure even in case of the parent's untimely demise. The sum assured helps cover future expenses like education and daily needs
Waiver of Premium
If something happens to the policyholder (parent), all future premiums are waived, but the policy continues as planned. This ensures that the child's financial goals are not disrupted, and they receive the intended benefits without any financial burden on the family.
Maturity Benefits for Higher Education & Marriage
At the maturity of the policy, the child receives a lump sum amount, which can be used for higher education, career growth, or marriage expenses. This ensures that long-term financial goals for the child are met without difficulties.
Regular Payouts at Key Milestones
A child insurance plan provides periodic payouts at significant life stages, such as school admissions, college fees, and other essential educational expenses. These structured payouts help in planning finances smoothly.
Investment & Growth Options
Depending on your risk appetite, you can choose between market-linked investment plans for higher returns or traditional savings plans for guaranteed growth. This flexibility allows parents to build a financial corpus suited to their child's future needs.
Flexible Policy Terms
You can select a policy term that aligns with your child's age and future financial requirements. Whether you need funds for school, college, or postgraduate studies, you can customize the duration of the policy accordingly.
Tax Benefits
Premiums paid under a child insurance plan qualify for tax deductions under Section 80C of the Income Tax Act. Additionally, the maturity benefits received are tax-free under Section 10(10D), making the plan a tax-efficient investment.
Partial Withdrawals for Emergencies
Some child insurance plans offer the option of partial withdrawals. This allows parents to withdraw a portion of the accumulated funds to meet urgent financial needs such as medical emergencies or unexpected educational expenses.
Benefits of a Child Insurance Plan
A Child Insurance Plan secures your child’s future with financial protection and education coverage.
A child insurance plan ensures that your child’s financial future is secure, even in the absence of the parent. The guaranteed sum assured helps cover their education, lifestyle, and other essential expenses.
Knowing that your child's financial needs will be met provides parents with mental peace. No matter what happens, the child’s dreams and aspirations will be fulfilled.
With tuition fees increasing every year, a child insurance plan ensures that education expenses are covered. Whether it’s school fees, university tuition, or overseas education, the funds will be available when needed.
Parents can use the payouts at different stages of their child’s growth. Whether for school admission, college expenses, or any other financial need, the plan offers flexibility to withdraw at the right time.
Market-linked child plans offer the potential for higher returns, allowing your investments to grow over time. This ensures that you accumulate a sufficient corpus to meet future financial goals.
While securing your child’s future, you also benefit from tax savings. The policy premiums qualify for deductions under Section 80C, while the maturity benefits are tax-free, helping in wealth accumulation.
In case of an urgent financial requirement, you can avail a loan against the child insurance policy. This acts as an additional source of financial support without affecting the long-term benefits of the plan. A child insurance plan is a smart and essential financial tool that helps parents secure their child’s future with a disciplined savings approach, ensuring a bright and stress-free tomorrow.
Why Choose Zenisk Insurance?
Zenisk Insurance offers child plans that ensure financial security with protection and investment growth.
