While you might be busy achieving professional goals, securing the future of your child(ren) might not look like a priority, is it? However, one thing that you must note here is that financial crisis can knock your door anytime.
Thus, to prevent any significant damage, it is essential that you remain cautious since the beginning. To make sure that your child doesn’t suffer during your financial crunch, secure their future today.
This post has covered the top HDFC child plans for you to evaluate. Read their details here and discover the best one for your child.
This HDFC Life YoungStar Udaan plan is a traditional Child Insurance Plan that allows you to create an assured corpus for your child. This policy comes with three different options – Aspiration (an endowment-oriented coverage), Academia and Career (money-back options that offer assured sum in instalments during the policy term). The chosen option will comprehend how your plan is going to benefit you.
|Entry age||30 days – 60 years|
|Age at maturity||18 - 75 years|
|Policy tenure||15 - 25 years|
This HDFC life child plan is a unit-linked plan that allows you to save a significant amount for your child through market-linked return benefits. Under this policy, you find two different coverage options, such as Life Option that provides death benefits and Life & Health Option that covers critical illnesses along with other benefits.
|Entry age||18 year – 65 years|
|Age at maturity||Up to 75 years|
|Policy tenure||10 - 20 years|
|Sum assured||7 – 40 times the annual premium|
|Premium amount||Rs. 15000 – unlimited|
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This HDFC child education plan is a unit-linked insurance policy that doubles up as a child policy plan as this one comes with a premium waiver option. Hence, parents can purchase this policy to plan the future of their child. In case there is a premature death, the premium waiver benefit will help waive off the future premiums while keeping the policy ongoing.
|Entry age||30 days – 65 years|
|Age at maturity||18 years - 99 years|
|Policy tenure||10 - 40 years|
|Sum assured||Single premiums: 1.25 times of the single premium to as permitted by the insurance company. Regular or limited premiums: 10 times the annual premium to as permitted by the insurance company|
|Premium amount||Rs. 24000 – unlimited|
Whether you buy any of the HDFC Investment plan for child offline or online, there are certain documents that you would have to submit, such as:
With HDFC, it is easy to make money-back and maturity claims. All you would have to do is visit your nearest HDFC child plan and ask for a claim form. Fill it up cautiously and attach the required documents; submit the same with the representative. And then, after evaluating your application, the company will deposit the benefit directly into your Bank account, within 30 working days.
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