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Child education plans are long-term investment and insurance policies that assist parents plan for their children's future financial needs by building assets over time. <br>
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Child education plans are long-term investment and insurance policies that assist parents plan for their children's future financial needs by building assets over time. A child insurance guarantees that a lump-sum payment will be made to a child when he or she reaches the age of maturity to cover education or marriage expenditures.
Investing for your child’s future can be more fruitful if you do it early in life. Some child plans also allow regular investments in small amounts to ease the financial burden by spreading it over a more extended period.
Child ULIPs The amount paid towards premium is invested partially in debt instruments and mostly in equity instruments. The choice of securities in which to invest is with the policyholder. Types of Child Plans Child Endowment Plans The amount paid towards premium is invested in debt instruments. The choice of which debt instrument to invest in is with the company.
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