Which is the best childrens' insurance plans?
Answer:
In case you are an Indian in India LIC of India is having Children Insurance Scheme - Life Coverage + marriage + Education scheme.
If you are from India living abroad the same is available in Dollar terms. As per the country the agents are appointed by LIC.
Contact any nearby LIC office for assistance. All that you have mention in the address is ( eg.) LIC of India, Mumbai or Bangalore or Chennai, you will receive a reply within a week or so for your inquiry.
Need additional info? Type of insurance, life or health? Where you are located
children's plans - insurance/ unit based - check out HDFC's offerings, also aviva. opt for max cover, read the fine print to find out hidden costs.
depends how old your kid is and what future you're lookin' at - college, medical , abroad etc.
Gerber baby insurance is awesome
DO NOT TAKE AN ENDOWMENT POLICY,CHOOSE A PLAN OF UNIT LINK,FOR A LONG TERM,CASUE IN FUTURE ALL THE MATURITY AMT WILLB TAXED BY GOVT.BUT IN UNIT LINK U CAN WITHDRAW THE AMT BY SELLING THE UNITS,AFTER A LOCK IN PERIOD OF 5 YRS,BUT U WILL HAVE TO PAY SURRENDER CHARGES,BUT IF U WITHDRAW AFTER 7YRS IN A PLAN OF 15 YRS ,THEN U NEED NOT PAY SURENDER CHARGES.ITS BETTER TO WITHDRAW MONEY ACCORDING TO ONES NEEDS, RATHER THAN WAIT FOR MATURITY,AND PAY THE GOVT TOO.
aviva children's plan
I think u shd speak to them, I always take their plans for my sister's children & cousins,
"http://www.dpbolvw.net/email-1961891-104.
You chould check online first
http://www.nohasslebargains.com/loan/ins.
Insurance
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Policies of LIC of India are definitely safer as insurance contracts are for long tenure.
Please open following site:
http://in.insurance.yahoo.com/policy/chi.
Policies for Children, from Life Insurance Corporation of India
* Bal Vidya - Plan no.135
* Children Deferred - Plan no.41
* Jeevan Balya - Plan no.101
* Jeevan Chhaya - Plan no.103
* Jeevan Kishore - Plan no.102
* Jeevan Sukanya - Plan no.109
* Jeevan Vishwas - Plan no.136
* Money Back Children's Assurance Plan - Plan no.113
The site will provide you details of above children life insurance policies.
Better check online first
If you live in a state that has Shelter INsurance.they have the best childrens policy. Its called the Junior Special ..they have many plans but the best one is the $15,000 intial face amount, it only $450 for a one time payment that insures your child till he/she is 26 years old, once you pay the $450 , the policy is paid up till they are 26!! It also gives them guaranteed future insurability. It beats the gerber policy badly.you have to keep paying on it! Check out Shelter Insurance
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