Key highlights
Financial Security for Future Goals
Guarantees financial support for your child’s education, marriage, or other important milestones, even if you are not around.
Dual Benefit of Savings and Protection
Combines the advantage of life insurance with savings, offering the best of both worlds to secure your child’s future.
Flexible Premium Payment Options
Offers varied premium payment modes (monthly, quarterly, annually), allowing you to choose what best fits your budget.
Waiver of Premium Benefit
In case of the policyholder’s death, all future premiums are waived off, and the policy continues, safeguarding the child’s future.
Tax Benefits
Enjoy tax exemptions on premiums paid and maturity benefits under prevailing tax laws.
Partial Withdrawal for Emergencies
Allows partial withdrawal of funds after a specific period to meet urgent financial needs.
Exclusion
-
Death Due to Pre-Existing Illness
If the policyholder’s death occurs due to a pre-existing medical condition not disclosed at the time of policy purchase, the claim may be denied.
-
Suicide Exclusion Clause
If death occurs due to suicide within the first year of policy inception, the insurance company may not provide the death benefit.
-
Participation in Hazardous Activities
Claims arising from the policyholder engaging in risky sports or hazardous activities without proper coverage are not payable
-
Self-Inflicted Injuries
Death resulting from self-inflicted harm or intentional injury will not be covered under the policy
-
Underage Clause
Policies taken for children below a specified age may have different coverage conditions and exclusions
-
Unpaid Premiums
If the premiums are not paid on time and the grace period lapses, the policy may become inactive, resulting in no claim benefits
Types Of Child – Life Insurance
Endowment Plans
Offers a lump sum amount upon policy maturity or death of the policyholder, securing the child’s future.
Unit-Linked Insurance Plans (ULIPs)
Combines insurance with investment opportunities, providing life coverage while building a financial corpus.
Term Insurance with Child Benefit
Provides pure life coverage with the child as a beneficiary, ensuring financial support in case of the policyholder’s demise.
Whole Life Child Plans
Offers life coverage up to the child’s adulthood, ensuring long-term protection and savings.
Single Premium Child Plans
One-time premium payment policy that ensures continuous coverage and financial security for the child.
Money-Back Child Plans
Offers periodic payouts during the policy term, helping with education or other expenses at various stages.
Fill Out the form and we’ll be in touch
Why Child Life Insurance is Essential?
Provides financial backing for education, marriage, or other crucial life events even in your absence.
Acts as both an insurance plan and a savings instrument, helping you systematically build a financial corpus.
Ensures that your child’s future remains stable despite unforeseen situations.
The systematic investment approach helps parents regularly save for their child’s future.
Knowing that your child’s financial needs are covered allows you to focus on nurturing their dreams.
Even after your lifetime, your child will have financial stability through the policy benefits.
