The Gift that Can Make the Children’s Day Memorable

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We celebrate children’s day every year on 14th November. The best way to celebrate it is to spend time with your children. This is the real celebration. You are time-starved busy professional. As a parent providing money for your children is easier than allocating special time for them.

“If you want your children to be intelligent, read them fairy tales. If you want them to be more intelligent, read them more fairy tales.” Albert Einstein

The 2nd best way to celebrate the day is to secure their future. The apt way to secure their future is to facilitate their education.

Your plan for your children can go haywire in two scenarios:

  • The sudden death of the earning member of the family
  • Inability to save enough for their education

What you can do on this children’s day is to take action to secure their future. This can be done in two ways.

  • Secure your life
  • Secure their education

Life Insurance can play a crucial role in securing the future of your children. An overall risk management plan can make you and your family’s future secure.

Here we present three life insurance plans which can act as a cushion to protect their future. Investment in these plans ensures money is not the constraint for your children’s education.

  1. Term Plan:

Total Secure Plus is a term plan with the option to cover 35 critical illnesses.

The benefits can be covered till the age of 80. (75 in case of critical illness)

The premium paying term could be

  • Single premium, or
  • Limited pay like 5, 10,15, 20 or 25 years or
  • Regular annual premium

The coverage could be;

  • Base cover of Rs. 25 Lakhs to unlimited amount subject to underwriting approval
  • For the critical illness cover, minimum coverage is Rs.5 Lakhs and a maximum cover is Rs. 100 Lakhs


There is no maturity benefit.

Death benefits within the policy tenure are paid lump-sum or annual as per the choice of the insured.

In case of any defined critical illness happening during the policy tenure, critical illness benefit is paid as per the terms of the policy and the remaining amount is paid on death during the policy tenure.

The premium amount reduces once a critical illness benefit is paid.

This way this policy takes care of not only death benefits but also 35 critical illnesses. Your family remains reasonably protected during the crisis.

Click to download the brochure

  1. Wealth Plus ULIP:

This is a wealth building plan with a key rider – Rising Star Benefits for the children.

Rising Star Benefits:

This is a unique feature of this plan. If the insured person under the policy is a child, this feature can add value to the policy.

Benefits under this feature are triggered when the policyholder/proposer who has taken policy for the child, dies before the death of the insured child. The benefits are;

  • A lump sum amount is paid immediately upon the death of the policyholder
  • An amount equal to the sum of the entire future model premium is added to the fund value.
  • The premium booster as and when due are also added to the fund value.
  • The policy will remain in order till maturity or death of the insured.
  • No future premium is required to be paid.
  • The policy will never be in discontinuance mode. It will remain in force till the maturity/death of the insured.

Wealth Plus is a solid Unit Linked Insurance Plan (ULIP) with several useful flexibility and investor focussed rider.

Click to download the brochure

  1. Edu-Save Plan:

“Education is not preparation for life; education is life itself.” John Dewey

This is an insurance policy with a fixed tenure as decided by the insured.

How it helps your child?

  • In the event of the death of the policyholder, the sum assured is paid immediately to the heir/nominee.
  • The policy, however, continues without paying the future premiums.
  • All bonuses will continue to accrue till the policy term.
  • On the maturity of the policy, all bonuses and the sum assured is paid to the heir/nominee.

This policy takes care of immediate as well as the future need of the child.

This plan is an ideal option for the child’s financial protection in the event of earning parent i.e. policyholder dies.

  • Lump sum payment on the death of the policyholder parent
  • Policy benefit counties without the premium payment
  • One more lump sum payment at the end of the policy tenure.

Click to download the brochure

To protect your children’s financial future invest in the policies where a child’s financial interest is protected in case anything happens to you.

“There are only two lasting gift we should give our children, One is roots and second is wings.” Hooding carter

& good education is the way to get the wings.

Make this Children’s day memorable by investing in the policies which take care of your children’s need.

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