Ask any parent about his primary concern about his child’s future, and almost all will quip about the escalating cost of education in the times that we live in today. Putting your child through a good school will not come cheap

As we mentioned earlier, child care plans come with the twin benefit of insurance and investment. Before buying a child care plan, go back to your financial plan and calculate the need for funds during the various stages of life. Calculate what you are saving for such as primary and secondary education, higher studies, marriage etc.

If there is a family history of some serious illness, you must purchase a child insurance plan at an early stage when your child is hale and hearty. In later years if your child, God forbid, were to fall prey to any such disease, the money invested in a child insurance plan will come in handy apart from your health insurance.

One does not like to be morbid, but that having said you can never be too sure as where and when death awaits you. In case of your untimely demise, the insurer offers a waiver on the premium on a child insurance plan and the beneficiary (your child) receives a lump sum and is no longer required to make the premium payments. Thus as you can see, a child insurance policy is like a stitch in time, and like the say it can “save the nine” later and keeps your child’s future financially secure.

A Child Plan is an insurance plan that helps you protect your savings and safeguard your child’s future.
The plan provides you with options to invest your savings and then use them for your child’s education, in parts or in one single withdrawal.

Any salaried, self-employed or professional Public and Private companies, Government sector employees including Public Sector is eligible for a personal loan.

Maximum age of applicant at loan maturity: 60 years

Minimum Net Monthly Income: Rs 15,000

Applicant should have the bank specified credit score.