Every parent wants a better future of their child where education is one of the important steps. For that there is education insurance plan which take care of your child’s future. Education is a very important factor for child’s future and a better future of a child is every parent’s dream where child education insurance plans is the best option
Followings are the benefits:
· Money Benefits: in case of death of an applicant, then the children will get the lump-sum amount benefits which is described in the policy.
· Premium Waiver: In this the applicant’s child don’t have to pay any payment of the insurance and the insurance company will pay in behalf of you.
· Little Withdrawals: when you get this insurance then you can withdrawal some amount of money from the insurance if needed.
· Benefits from Tax: there is huge tax benefits for the applicant under Section 80C of the Income Tax Act.