A Single Premium Plan lets the policyholder pay the entire premium amount how much ever it may be, at one go. Finpandit gets you the plans made available by various insurers.
A Regular Premium Plan allows the premiums to be paid according to the policyholder’s will. It can be monthly, quarterly, half-yearly, or yearly.
The Child Endowment plan is a more conventional plan which helps the policyholder save regularly over a specific period of time so that a lump sum amount on the policy maturity is available for use.
A Child ULIP’s main advantage is that it offers 3 advantages in one –
This makes sure the future of the child is secure even in an unfortunate situation like the policyholder’s death. The premiums thereafter are waived off. The maturity amount is paid once the policy matures. With Equity markets involved, the risks are higher, but the returns can also be extravagant.
Benefits:
Excludes:
