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Have you secured your child’s future?
The most precious thing on earth if asked to any parents would
undoubtedly be their children. It is definite that your child’s
future is in your hands with the prime responsibility falling
into your hand to shape his/her future. To help you in your
task, consider life insurance, which is at your rescue. Buy
an insurance policy and provide him with a ‘financial
head start.’
You can heave a sigh of relief and can earn yourself a peace
of mind by discharging your duties devotedly towards you kids.
The government has offered a plethora of options to choose from
so many insurance companies that promise to take care of the
future with their tailor made products. Make the correct choice
by picking up the right policy for your child. This will not
only help you to build your child’s future but also secure
it at the same time.
Things become expensive with the passage of each day. Are you
sure you will be in a stable financial position to maintain
that mark even after years. Are you prepared for the unforeseen
events lest anything should happen to you? Will you be able
to uphold your child’s future at the time of financial
crisis? Can you assure yourself that you will be able to provide
your child the luxuries that you promised yourself when you
took him/her for the first time in your hand?
Feels like you are bombarded with lot of questions with no
answers. Well, they get all answered with insurance. You will
not find any better tool than insurance to secure your kid’s
future. The main stages considered important in a child’s
life are his education and marriage. As a matter of fact, education
ranks top on the priority list. It is a dream for every parent
to see his child settled with degrees from the best institutes.
All these dreams can be turned into reality with just a minimum
amount of investment. You can build a strong foundation for
your child with just a little bit of investment and things will
be in your reach. Let money not be the reason for delay or avoidance
for the much needed insurance purchases.
Children's plans, forms a part of the gamut of life insurance
plans, which basically works like an endowment plan. An illustration
will help you in understanding things better. The Life Insurance
Corporation of India offers two such polices, Jeevan Kishore
and Komal Jeevan that fits just perfectly to the growing needs
of a child.
Mr. Shetty aged 30 years buys LIC’s ‘Komal Jeevan’
for his daughter, Niketa who is 2 years old. It is a money back
plan that comes with Premium Waiver Benefit (PWB) and Term Rider
Benefit (TRB). The total sum assured of the policy is Rs 2 lakh.
He will have to pay a premium of Rs 16,823 for 16 years and
at the age of 18 Niketa will receive Rs 40,000. At 20 years
she will again receive Rs 40,000. A sum of Rs 60,000 will be
receive by at the age of 24 and 26 respectively.
Mr. Chatterjee aged 30 years picks up LIC’s Jeevan Kishore’
for his son, Rahul who is 2 years old. He would have to pay
a premium of Rs 10,679 for 18 years. and the risk cover will
begin when Rahul would turn 7 years of age. He will receive
approximately Rs 3,60,000 at the time of maturity.
To give you a glimpse of the child policy, above mentioned
are the two such polices offered by LIC. All you need to do
is to act now by making a wise decision to build a sheltered
future for your child. Don’t wait. Get started.
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