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5 Features of a Child Education Insurance Plan
Tax benefits- Such a policy extends tax gains to the policyholder under section 80C of the Income Tax Act .
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What is a Child Education Insurance Plan?
A child education insurance plan is a specialised financial product designed to help parents build a corpus for their child’s future education. These plans typically combine the benefits of insurance and investment, offering both life cover and the ability to save over time. In addition to the educational fund, such plans often provide risk coverage in case of the policyholder’s unfortunate demise. Some policies even offer benefits like bonuses or tax deductions under Section 80C .