Since the last few years, Child Insurance Plan have been attracting a lot of consumers. Undeniably, child insurance policies are about to become one of the essential insurance sectors, courtesy to a massive amount of benefits that they offer as your child grows.
On top of the inherent advantages, child insurance policies also help to save a significant unwanted financial burden. So, if you think you are ready to invest in one such policy, this post brings the best of IndiaFirst child plans to you.
Find out what suits your requirements and then invest in an adequate plan accordingly.
This IndiaFirst term plan provides a regular guaranteed payout so as to finance the dreams of your child. Even during the absence of the policyholder, this plan assures secured financial condition by Offering either regular Income or lump sum amount as a death benefit. The Life Little Champ Plan comes with an inbuilt Waiver of Premiums (WOP) option that helps you protect the dreams of your child.
|Entry age||21 – 45 years|
|Policy tenure||Depends upon premium payment term|
|Premium payment term||7 – 14 years|
|Sum assured||Rs. 1,50,000 – Unlimited|
This IndiaFirst Term Insurance plan is a combination of investment and Life Insurance plan that is meant to secure the future of your child. With this plan, you can ensure the financial soundness of life whenever in extreme need. Throughout the plan, you will have to pay the premium. And, as far as the death benefit is concerned, it offers the same in lump sum amount. In case of the policyholder’s death, the company also waives future premiums off.
|Entry age||18 – 50 years|
|Policy tenure||10 – 25 years|
|Premium payment mode||Monthly, half-yearly or yearly|
|Sum assured||Rs. 12,000 – Rs. 2.5 lakhs|
Talk to our investment specialist
If you are ready to invest in any of this IndiaFirst child insurance, simply follow these simple steps to get done with it:
A: This option is only available in the IndiaFirst Happy India Plan. However, you can only avail this investment switch option only twice throughout your policy.
A: Generally, both of the above-mentioned policy plans are adequate for your child. Both of them are also focused on long-term investments so that you get the maximum benefits. Rating any one wouldn’t be justified as they come with their own set of eligibility criteria and benefits. Thus, it is recommended that you assess them thoroughly, as per your requirements, to make a decision.
A: IndiaFirst provides you with a variety of options to pay premiums, such as Electronic Clearing System (ECS), which is available only in certain cities, cheque, cash, Debit Card, credit card, cash transfer and online payment.
A: If you wish to change the premium payment system, it is recommended that you either contact the customer helpdesk or the policy manager. Also, changing the mode basically depends upon the policy and the investment duration that you have selected.
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