Build wealth over time
Starting out early helps to spread your investment journey over a long period and make necessary adjustments to adapt to the dynamic environment. It also helps to put in place a realistic plan which ensures, you never fall short of funds without compromising on your standard of living.
Children’s Dreams
These investment allow you to save up a lump sum amount that your child can then use to follow their desire. It can be helpful for your child abroad education or to start their own business or to meet their financial goals.
Financial Stability
Default SuProvides financial stability to your child for their education or fulfil their dreams thanks to the payout from the plan. mmary Text
Safety of Capital
If you invest now when your child is very young and the corpus amount during the maturity can benefit your child for the education expenses. By investing in a child plan, you can help secure your child’s college expenses and wedding expenses
Partial Withdrawals
Certain plans allow you to make partial withdrawals against the corpus you’ve built up over the years. This allows you to deal with financial emergencies. You can use the withdrawal from the plan to help pay for any special course that your child wants to take up.
Save Tax
The premium that you pay towards the upkeep of a child plan is exempt from taxes under Section 80C of the Income Tax Act 1961. You can claim deductions up to INR 1,50,000 per year against the premium amount. Additionally, the payout from this plan is also tax-free under Section 10(10D) of the Income Tax Act.
Payment at Contingency
