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Make Your Child’s Life, Not Just a Day, with Children Education Planning!

  8/10/23 3:49 PM

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Build Up Your Child’s Life with Children Education Planning

If given a chance, would you choose to make your child’s just a day happy, or his/her entire life? The second option, right? So, this Children’s Day, start upgrading your child’s future from bright to brighter with good children education planning!

You may have done some planning already, but is it foolproof? After all, your children education planning should stay rock solid even in unprecedented circumstances such as:

  • Your sudden demise
  • Inability to save enough funds

So, you need to take care of these two thumb rules:

savings life insurance plan does just these!

Child Savings Plans for Your Junior

Some ULIPs, such as Edelweiss Tokio Life – Wealth Plus and Edelweiss Tokio Life – Wealth Ultima, offer life cover and wealth accumulation for you, as well as additional benefits for your children.

Let’s explore them –

  • Rising Star Benefit
    This benefit caters to your children’s future ­financial needs even in your absence. With it, you can start providing life cover for them when they’re as little as 1 year old.
    The Rising Star Benefit triggers if you, the Policyholder, are no longer around. In such circumstances, your child becomes eligible for the following benefits:
  • Pay-out
    A lump sum amount immediately
  • Additions to the Fund Value
    An amount equal to the sum of all future Modal Premium adds to the fund value.
  • Extra Allocation and Premium Booster, as and when due, would also add on.
    In-force
  • The policy continues to be in effect, this time for the child.
  • Premium Payment
    All future premiums waive off.
  • Paid-up Policy
    As the policy does not move into Discontinuance state, it acts as a fully “paid-up policy”, wherein all future premiums are considered as paid!
  • Life Cover
    Your child continues to receive life cover till the end of term.

So, isn’t it wonderful? With the pay-out, your child continues to pursue his/her dreams and ambitions, and your children education planning stays as it is.

Interested in this plan? Start your investment for child education!

Little Champ Benefit

This feature is an additional benefit of our another ULIP, Edelweiss Tokio Life – Wealth Ultima. With this plan too, you can secure your child’s financial future.

If you choose this optional benefit, in case of your demise, the following things happen –

The plan continues

Your child receives the policy benefits as planned

You can include your child in The Little Champ Benefit at infancy itself. Opting for this benefit adds value to your plan. Following are the additional benefits –

  • Fund Value –
    • A certain percentage of all the future Modal Premiums adds to the fund value.
    • Loyalty Additions are payable till the end of the premium paying term.
    • Guaranteed Additions and Booster Additions also add on, as and when due.
  • In-Force –

The Policy continues to be in effect for the child.

  • Premium Payments –

All future premiums waive off.

  • Life Cover –

Your child continues to receive life cover till the end of term.

So, start child education investment with our plan!

You Couldn’t Make This Children’s Day Any Better!

“Children see magic because they look for it.” – Christopher Moore

Indeed, arrange a magic show for your child, and you’ll be amazed how much he/she hooks on to it.

So, this Children’s Day, be the magic for your junior! Choose child insurance plan!

 

Aastha Mestry - Portfolio Manager          

An Author and a Full-Time Portfolio Manager, Aastha has 6 years of experience working in the Insurance Industry with businesses globally. With a profound interest in traveling, Aastha also loves to blog in her free time.

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