In ULIPs, the Investment Risk in the Investment Portfolio is Borne by the Policyholder
Being a parent is undoubtedly, a heroic task. Financial planning for a child’s future is an essential and ongoing process. It is crucial to choose smart savings options aimed at providing a secure path for your child. One such saving avenue is a child education plan.

Why is a child education plan important?

By investing in a savings plan for the child, parents can deal with costly education fees and inflation in prices, or any uncertain event. More importantly, your child will be financially protected at any point of time during his or her education.

It is essential to choose the right child education plan as it gradually develops into a support system for fulfiling your child’s future needs. He or she will continue to be under a security blanket in the present, and even in your absence. After all, a secure future is one of the greatest blessings you can give to your child!

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Unlike traditional products, Unit Linked Insurance Products are subject to market risk, which affects the Net Asset Values and the customer shall be responsible for his/her decision. The names of the Company, Product names or Fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.

*Tax benefits of ` 46,800/- under Section 80C is calculated at the highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium under Section 80C of ` 1,50,000/-. Tax benefits are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Service Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above.

W/II/0469/2017-18

1Life cover is the benefit payable on the death of the life assured during the policy term.

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