What is Children Plan?
A child plan is a tailor-made investment cum insurance option to meet the financial needs of a child. The insurance component is designed to protect the child from unfortunate events such as the demise of the parent wherein the child gets a fixed annual payment in case such an event occurs. The investment component is designed to meet the financial needs of the child through accumulation of money by investing in various instruments.
Types of Children Plan
Child Endowment Plans
Regular Premium Child Plan
Benefits of Children Plan:
There are some benefits of children plan that are given below:
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