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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.
Build Guaranteed Savings for Your Future Goals
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.
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.
Savings and Investment Plans from Canara HSBC Life Insurance
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.
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
Eligibility Criteria for Sukanya Samriddhi Yojana
The girl child ought to be under ten years old at the time of account opening. The account can be operational till the girl child is 21 years old.
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
Sukanya Samriddhi Yojana (SSY): The SSY scheme is a government-backed scheme that can be opened by the guardians of a girl child aged below ten years. Parents need to contribute for 15 years. A person gets a tax deduction of up to Rs.1.5 lakh per year under Section 80C. An utmost of two such accounts can be opened per household, one for each girl child. People can capitalize a minimum of Rs.250 and maximum of Rs.1.5 lakh per annum. The rate of interest is 7.6% p.a. The term of the account is 21 years from the date of opening or until the girl child gets wedded after 18 years. The scheme permits a partial withdrawal of up to 50% of the balance after attaining 18 years to meet higher education expenses.
What is Sukanya Samriddhi Yojana (SSY)?
Developed as part of the government's 'Beti Bachao, Beti Padhao' campaign, Sukanya Samriddhi Yojana or SSY is a welfare scheme designed for the girl child. Investing in this child insurance plan allows parents or legal guardians to ensure financial security for a girl child aged ten years or below. Under the Sukanya Samriddhi Yojana, an account in the name of the girl can be opened across any of the private and public sector banks or designated post offices for 21 years. The account matures after 21 years from the date of opening, while contributions are required for only 15 years.
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
Sukanya Samriddhi Yojana (SSY): The SSY scheme is a government-backed scheme that can be opened by the guardians of a girl child aged below ten years. Parents need to contribute for 15 years. A person gets a tax deduction of up to Rs.1.5 lakh per year under Section 80C. An utmost of two such accounts can be opened per household, one for each girl child. People can capitalize a minimum of Rs.250 and maximum of Rs.1.5 lakh per annum. The rate of interest is 7.6% p.a. The term of the account is 21 years from the date of opening or until the girl child gets wedded after 18 years. The scheme permits a partial withdrawal of up to 50% of the balance after attaining 18 years to meet higher education expenses.
What is the Sukanya Samriddhi Yojana (SSY) Scheme?
Sukanya Samriddhi Yojana is a savings scheme by the Government of India that is aimed at the betterment of girl child in India. It was launched to help parents build funds for higher education and other expenses for their girl child. Through regular deposits, you can create a sufficient corpus over time, which can later be used to meet your child’s life goals. It is one of the multiple schemes introduced under the Beti Bachao Beti Padhao Yojana, launched in 2015 by Prime Minister Narendra Modi. Some other initiatives introduced for the welfare of the girl child include the ‘ Dhanlakshmi Scheme ’ and ‘Ladli Scheme’.
Here are 10 Saving Schemes and Plans where you can Invest for a Secure Future:
Sukanya Samriddhi Yojana (SSY): The SSY scheme is a government-backed scheme that can be opened by the guardians of a girl child aged below ten years. Parents need to contribute for 15 years. A person gets a tax deduction of up to Rs.1.5 lakh per year under Section 80C. An utmost of two such accounts can be opened per household, one for each girl child. People can capitalize a minimum of Rs.250 and maximum of Rs.1.5 lakh per annum. The rate of interest is 7.6% p.a. The term of the account is 21 years from the date of opening or until the girl child gets wedded after 18 years. The scheme permits a partial withdrawal of up to 50% of the balance after attaining 18 years to meet higher education expenses.