What are the common exclusions under Child Insurance Plans offered by IndiaFirst Life Insurance?

Being a parent it becomes important to make sure that your child has all the facilities at his or her disposal. Future brings some expected and some unexpected scenarios related to education, marriage, career etc. Choosing the right plan is equally necessary.

In this article, we will discuss varieties of Child Insurance Plans among which you can opt for the best according to your needs. 

Types of IndiaFirst Child Insurance Plans

There are certain types of Child Insurance Plans as mentioned below offered by IndiaFirst Life Insurance. 

1. Regular Premium Child Insurance Plan

This is the basic plan provided by the company. Under this scheme, you are required to pay the premium on a regular basis at predefined intervals. The premiums can be paid on a monthly, quarterly, half-yearly and annual basis.

2. Single-Premium Child Policy

The policy offers an option to pay the premium as a lump sum amount at the start of the policy term. This one single payment provides a cover for the whole policy terms. This does come as an advantage as you don’t have to worry about paying the premiums at regular intervals.

3. ULIP Child Plan

This option is for the risk-takers. The unit-linked or the ULIP child plans offer higher life cover, periodic payments options and investments in the equity market. As it is said, the higher the risks higher the returns. 

4. Traditional Child Insurance Policy

These plans offer a combination of financial security and saving benefits. If you are one of the non-risk takers then this is the option for you. You are required to pay the premium on periodic intervals and at the maturity of the policy, the child receives a lump sum amount with additional bonuses as mentioned by the company. Such plans involve investment in low-risk debt investments.

5. IndiaFirst Life Little Champ Plan

This is the most renowned child policy offered by IndiaFirst. It is a non linked, participating Child Life Insurance plan. It offers guaranteed payouts with an option of in-built waiver or premiums which makes it easy on your pocket. Either you can choose between death benefit payout, lump sum or regular income benefit. You will get 8 different pay-out options with a guarantee of getting a 101-125% sum assured amount. Add Tax benefits to the list and it becomes the best plan that you can ever think of. 

Key Benefits of the Child Insurance Plans Offered by IndiaFirst

• There are certain benefits that you as a policyholder may enjoy after purchasing the policy

• Helping you to make your child's dream come true. 

• The plans offered by IndiaFirst are designed in such a way that provides you with the benefits of your choice as well as also creates a pipeline leading to all the milestones that you and your child has set jointly.

• Promising the safety of your loved ones

• Life's uncertainties cannot be stalled or stopped but with IndiaFirst Child insurance plans you can make sure that even during the worst of times your family is protected. 

• Goals will be achieved no matter what

• In case of death or disability of the insured, you won't have to worry about the premiums as IndiaFirst offers plans with an in-built premium waiver facility ensuring that your child's dreams won't be compromised. 

• The secondary source of income for financial support

• You will get multiple pay-out options as well as multiple risk covers. The policies are flexible and with its flexible payment terms, you will surely get the best monetary support. 

• Pay the premiums and get the tax benefits as per the taxation laws. 

Exclusions Under IndiaFirst Child Insurance Plans 

There are no exclusions under these policies as such but it is advisable to discuss the policy in brief with the company before purchase. 

Conclusion

IndiaFirst is a renowned name in the market and it stands up to the reputation by giving such great offers to its customers. Being a parent you understand the importance of securing your child's and your family's future, hence if you're looking to purchase a policy you should give a look at the child plans offered by IndiaFirst.

Also Read:  

Why Should I Buy a Child Insurance Plan?

Common Features of Child Insurance Plans

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.