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34.6%First documentHow Does a Child Insurance Plan Work in India?Open original ↗
Second documentCan a Child Insurance Plan Ensure Your Child’s Future Financially?Open original ↗
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Secure Your Child’s Education and Future Milestones
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.
Wrapping Up
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.
Don't Just Survive, Thrive
3 Plan options Life cover + Guaranteed income Get Total Premiums at maturity Early income from 2nd policy year
Don't Just Survive, Thrive
3 Plan options Life cover + Guaranteed income Get Total Premiums at maturity Early income from 2nd policy year
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
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
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
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
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
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
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.
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.
Can You Withdraw Money Before Maturity?
In the case of a ULIP Child plan , you can easily opt for systematic withdrawal from the policy with all accumulated investment corpus, but only upon completion of at least 5 years of the policy term. This withdrawal shall be tax-free, offering you the flexibility to withdraw at any time
How Does a Child Insurance Plan Ensure Your Child’s Future?
In the case of a ULIP Child Plan, you can easily opt for complete withdrawal from the policy with all your accumulated investment corpus, but only upon completion of at least 5 years of the policy term. This withdrawal shall be tax-free, offering you the flexibility to withdraw at any point in time.
Different Types of Child Insurance Plans
Money-back Child Plans- As a very foresighted guardian of your kids, you may wish to receive certain funds at successive stages of your children’s life. Here comes the role of the money-back child education plan . Such a plan will provide you with fixed instalments of your aggregate sum assured at consistent intervals say 5 years in the form of cash backs.
Types of Child Insurance Plans
Moneyback Child Plans: If you wish to receive certain amounts at various stages of your child’s growth, the money-back child education plan is the best option. It offers fixed instalments of your sum assured at regular intervals as selected by you in the form of cashbacks. Such child insurance plans are also suitable if you need a certain amount over multiple years of your child’s education. For example, a 5-year integrated MBA program involves payment of an annual examination fee. Apart from that, money-back child plans are participating plans, i.e., they offer bonuses to you that add to your maturity amount.
Can You Withdraw Money Before Maturity?
Yes, you can partially withdraw from your child insurance plan. There are different rules for partial withdrawal in different types of policies: In an Endowment Child Education plan, you can opt for systematic withdrawal from your policy in the final few policy years
How Does a Child Insurance Plan Ensure Your Child’s Future?
Partial Withdrawal: Endowment Child Education Plans come with the option of systematic withdrawal from the policy in the last few years before the end of the policy term.
Different Types of Child Insurance Plans
Child Education Plan – ULIP - ULIP child plans are ideal if you aim to reap high growth benefits with more flexibility of your investment portfolio. ULIPs are purely investment-oriented plans that offer you the choice to decide how much risk you want to take on your money. Here, you can select the portfolio ratio among equity, debt, mutual funds, and hybrid funds. What’s more, you can further readjust your portfolio using the unique auto-rebalancing strategy.
Types of Child Insurance Plans
ULIP-based Child Education Plan: If your motive is to get a high growth rate and more flexibility for your portfolio, then you can go with the ULIP-based Child Education Plan. These are investment plans that allow you to invest as per your investment risk appetite. You can choose the type and ratio of your investment between equity, debt, mutual funds, and hybrid funds. Besides, you can rearrange your portfolio with an auto-rebalancing strategy if you wish to use market fluctuations to your benefit. The ULIP-based Child Education Plans additionally offer extra loyalty bonuses if you continue with your policy in the long term.
Different Types of Child Insurance Plans
Endowment Child Plans- If you aim to earn guaranteed savings to arrange for your child’s long-term needs, an endowment plan is the safest option for you. Endowment child plans offer the dual advantage of a life cover as well as a safe investment option. The most important aspect of such a plan is that you get a certain maturity value after the policy term ends in addition to guaranteed accrued bonuses.
Types of Child Insurance Plans
Endowment Child Plans: This is a very safe avenue to allocate your funds if your motive is to get guaranteed savings benefits to support your child’s needs. These plans are suitable for you if you are sure about how much you need. For example, saving ₹50 lakhs for the goal of sending your child abroad for higher studies. This is because the child endowment plan provides you with a safe investment option that offers an assured amount on maturity.