RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Why You Must Invest in a Child Plan?

down-arrow
February 17, 2017
 

Being a parent is the most beautiful emotion in the world. It is something that has to be felt. No matter how hard you try, you can never describe it in words. The bond between a parent and a child is the most beautiful and strongest bond. It makes you the happiest person in the world, but it also comes with its share of responsibilities. Life changes completely when you have a baby. You change as a person and are never sure if everything you are doing is enough or not for your child. Your child is your biggest responsibility and you would never want them to compromise on anything. You as a parent would always want a smooth life for your child; but do you thing raising a child without buying a Child Investment Plans is easy? The cost of education these days have increased so much, that in order to send your child to a good school, you have to pay for different kinds of fees which during your school days, you may have never even heard of.

To give your child the kind of future you desire for, you must take a systematic way of providing them with financial aid. Investing in a child insurance is the best and the most systematic way of saving for their future expenses. Most of the parents are worried about their child's health and education, which can be taken care of by investing in a child care plan. Child insurance plans also provide life insurance cover to the parent's life, so that in an event of sudden demise of the guardian, the child's financial aid is not hampered.

Certain tips you should consider when buying child care plan:

1. Start the investment early

2. Choose a suitable sum assured amount

3. Pay attention to the features of the plan

4. Look out for the provision to partially withdraw at times of dire need

5. Choose for a premium waiver plan so that the child's future is not compromised in case the insurer dies

6. Choose the funds as per your risk appetite

HDFC Life offers two kinds of child care plans which parents can invest in depending on the criteria. HDFC Life child care plans have low premiums with high policy coverage and the claims too are easily sanctioned.

Similar Articles

 

 

View Child Insurance Plans

 

Show Full Article
Hide Full Article
Child Plans - Why You Must Invest in One

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

How to use an online savings plan to secure your child's education fund?

How to use an online savings plan to secure your child's education fund?

Build a secure future for your child's education fund with an online savings plan. Discover smart strategies to invest wisely and ensure a brighter academic journey.

5 Tips for Building Your Childs Overseas Education Corpus

How to use glide path investing in planning for your child’s education

Best monthly saving schemes for child's education

Explore the best monthly saving schemes for your childs education with our comprehensive guide. Secure their future with top-rated investment options, ensuring a bright and financially sound educational journey.

Best monthly saving schemes for child's education
Guide on How to Decide the Right Career for Your Child Previous
How to Save for Your Child's Education Smartly Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches