Child insurance: Waiver of premium can help secure education goal

Quick Summary:

These plans generally mature when the child reaches 18 to 25 years.

While he finds fatherhood fulfilling, he admits to certain anxieties.“I do sometimes worry about what would happen to my child if I am not around,” says Kumar.

Tax-exempt returns are limited to Rs 2.5 lakh for unit-linked insurance plans (Ulips) and Rs 5 lakh for traditional plans.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Your money Child plans Insurance Personal Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 22:50:06 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23573945

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 258 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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