RAJESH T
ARN: 106840
AMFI REGISTERED MUTUAL FUND DISTRIBUTOR
Have you ever considered the financial aspects of having a child?
Having a child is a great responsibility, both emotionally and financially. You enter a new phase of life when you become a parent. You've to consider their future, education, marriage, and many other factors.
Why do you need to plan for your child's future?
Planning your child's future is a priority in every parent's life. Preparing a financial plan for their future will serve as a backup for their financial needs even in your absence. A child's financial plan assures them against eventualities and even provides the maturity benefits for their brighter future.
What are the benefits of a child's plan?
01
Maturity benefits
These plans provide maturity benefits to the children even in the absence of their parents. The sum assured is available even before the maturity period in case of any eventualities to the insured.
02
Tax benefits
Avail tax benefits under section 80C of the Income Tax Act. You can claim deductions up to Rupees 1.5 lakh for your child's insurance premiums.
03
Partial withdrawals.
Certain child plan allows you to withdraw a part of your fund to be utilized in the event of any urgent requirements. The payouts are exempt subject to Section 10D, which protects them from taxation.
