Invest in your child's future with Bajaj Allianz Child insurance plans. Help your children live their dreams by investing systematically. https://www.bajajallianz.com/Corp/child-insurance-plans/child-insurance-plans.jsp

2. Choosing the best possible path to secure
your Child’s future

3. •Selecting an insurance policy for your child can be one of the best ways
to secure their future. Child plans primarily aid them in higher education
and marriage expenses. In the event of loss of the breadwinner of the
family, a child plan can safeguard the child’s future.
•If the parent were to meet with an unfortunate event your child’s needs
would still be taken care of. So essentially, the child insurance plan
provides a life cover for the financial needs of your children and lump-
sum money is also paid out to the child as well.
•The plan will continue till maturity after the death of the parent and all
the future premiums will be paid out by the insurance company! This
unique feature is called Waiver of Premium. Thus, the child under all
circumstances will receive the maturity amount.
•The second part of the plan is the investment component where these
plans invest their money according to plan chosen by them. It may be
either a Unit linked plan or a traditional plan. In case, it is a unit linked
plan, then the investor can choose from the various fund options under
the policy.

4. While choosing the Best Child Insurance Plan one must keep
certain important factors in mind such as:
Gauge your requirement
Planning for your child’s future should start as soon as he/she
becomes a part of your world. Starting early will help you keep
ahead of your child’s requirements. Invest such that you get
optimal returns and ensure that the child gets the money no matter
what the circumstances.
Check Features
All plans have different characteristics. One need to minutely
differentiate between the various features of policies according to
specific needs and then choose the best child plan which best suits
their needs.
Flexibility
Child plans allow partial withdrawals; this proves useful to take
care of urgent needs without disturbing the regular expenses and
income matrix. The flexibility to switch investments from one fund
to another lets you capitalize on the market conditions and
gain/protect yourself from market volatilities.

5. Things to be careful of:
When finalizing the best child plan, make sure you have a trusted
appointee for the plan. In case of your absence, the appointee should be
capable of taking care of your child in the best possible way till your child
becomes capable of handling his/her responsibility himself/herself.
Conclusion
You should do some research and compare plans either on the grounds of
safety and investments to consider them individually or in a combination
to chalk out the best child plan which suits you. The sooner you sow
these seeds of savings and investments, better are the chances of your
money growing into a big enough tree to provide the desired fruits for the
future needs of your children.

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7. Thank You …..!
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https://www.bajajallianz.com/Corp/child-insurance-plans/child-
insurance-plans.jsp