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Conclusion

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Child Education Plans with Canara HSBC Life Insurance

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

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Don't Just Survive, Thrive

3 Plan options Life cover + Guaranteed income Get Total Premiums at maturity Early income from 2nd policy year

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Don't Just Survive, Thrive

3 Plan options Life cover + Guaranteed income Get Total Premiums at maturity Early income from 2nd policy year

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Save, Dream, Plan. Live Peacefully

5 Plan options Option to choose PPT Get Tax benefits

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Save, Dream, Plan. Live Peacefully

5 Plan options Option to choose PPT Get Tax benefits

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Popular Searches

Child Education Child Insurance Plan Children Money Back Policy Insurance Policy For Newborn Child Protection Rider How Child Insurance Works? Sukanya Samriddhi Yojana Child Insurance Calculator

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Popular Searches

Child Education Child Insurance Plan Children Money Back Policy Insurance Policy For Newborn Child Protection Rider How Child Insurance Works? Sukanya Samriddhi Yojana Child Insurance Calculator

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Popular Searches

Buy Best Child insurance Plan Best Investment Plan for Girl Child Child Education Insurance Plan Best Fixed Deposit for Child Types of Child Insurance Child Education Insurance

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Popular Searches

Buy Best Child insurance Plan Best Investment Plan for Girl Child Child Education Insurance Plan Best Fixed Deposit for Child Types of Child Insurance Child Education Insurance

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

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Child Insurance - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Child Insurance - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

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Understanding Child Education Plans

Make use of the features and benefits of child education plans : Before planning for your child’s education abroad, you must consider the benefits of a child education plan. You can avail tax exemption for making premium payments for a plan under Section 80C of the Income Tax Act, while the maturity benefits/ sum assured is exempt from taxation under Section 10D of the act. You can also avail a secured loan, like a higher education loan using the child education plan as collateral. A child education plan is also equipped with manifold benefits for your child. Along with providing sufficient corpus to fund the cost of your child’s foreign education, this plan can also allow you to partially withdraw funds for any emergency, like the cost of your child’s medical treatment. By having the key benefit of capital appreciation over long-term, this plan can also act as an income protection plan for your child.

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Begin securing your future

A child education plan offers significant tax-saving benefits on both the premiums paid and on the policy benefits received upon maturity and during the policy term. The premium paid under a child education plan, up to an amount of 1.5 lakh, is tax deductible under Section 80C of the Income Tax Act 1961. On the other hand, the policy benefits received during the plan's duration and upon completion of the policy period are exempt from taxation, according to the regulations of Section 10(10D) of the Act.