Page 39 - Insurance Times December 2019

PRODUCT COMPARISON

Secure your child’s life with the best

insurance plan

R ight from the time it comes into your life till it Y You also have the flexibility to pay the premium either

is all grown up and independent, a child is al-
once or throughout the tenure of the policy term
ways a bundle of joy. You give your child the
best possible care which encourages you to de-
following the completion of five policy years You have
vice a financial plan. Y If you are in need of cash, you can make withdrawals
the flexibility to choose the level of protection you
want
In regard to that, in order to secure your child’s future, a
child insurance plan comes into play in these situations. Y You can avail loyalty additions through this plan Tax
The plan provides an avenue of investment for your child’s benefits can be availed
future and also guarantees the promised corpus even if the
parent dies prematurely. Therefore, here is a glimpse of Max Life Shiksha Plus Super
some of the best child insurance plans available in the
country. Feature
Y The entry age for this plan is between 21-50 years and
Bajaj Allianz Young Assure the maximum maturity age is 65 years
Deemed as a traditional savings plan, Bajaj Allianz Young Y You can take your pick from five options, each cover-
Assure is a good plan to invest in to secure your child’s ing different risk levels
future needs.
Y Flexibility to choose the policy term and the term of
your premium, depending on your goals
Features
Y The entry age for this plan is between 18-50 years and Y Option to make partial withdrawals when you are in
the maximum maturity age is 60 years. need of money

Y Accidental Permanent Total Disability benefits can be Y In case of the demise of the insured, there is a lump
availed sum pay out, along with family income benefit and
funding of the benefit for premium.
Y You can customize your plan by choosing additional
riders at very low rates Tax benefits can be availed Y The plan is liable to pay loyalty additions
Y Upon maturity, the amount you receive will be equal
ICICI Pru Smart kid Assure Plan to the fund value Tax benefits can be availed

Features HDFC SL YoungStar Super Premium
Y The entry age for this plan is between 20-60 years and
This is a Unit Linked Insurance Plan(ULIP) that is suited to
the maximum maturity age is 75 years
take care of the needs of your kids.
Y You can exercise control over your investments by
choosing between eight funds, which are equity, debt Features
and balanced funds for investment.
Y The entry age for this plan is between 30-60 years and
Y Also, you can switch between these funds anytime the maximum maturity age is 75 years

The Insurance Times, December 2019 39