When you are a parent, you have to worry about your child’s physical, emotional, psychological as well as emotional well-being. Your goal would always be to ensure that your child’s future is secured. Child Plans are named so because the main aim of these plans is to ensure good education and future for your children. Most of the child plans focus on accumulating wealth for your child’s higher studies and to prevent their dreams from getting derailed due to financial constraints.
Reliance Nippon Life Insurance Company, a subsidiary of Reliance Capital, is owned 49% by Japan’s Nippon Life Insurance. The company has a range of life insurance and investment plans in its portfolio, offering its customers a huge choice.
Child-centric schemes by Reliance Nippon have the following advantages:
Reliance Nippon offers two schemes under its Child Plans category:
A brief summary of the policies is given in the table below:
|Plan Name||Entry Age||Maturity Age||Premium|
|Reliance Nippon Life Education Plan||20 years to 50 years for parents and 0 to 18 years for children||29 years to 65 years for parents and 9 to 30 years for children||Rs.35,000 for 5-year and 7-year plans Rs.30,000 for 9 and 10-year plans Rs.20,000 for policy tenure of 11 years and above|
|Reliance Nippon Life Child Plan||20 years to 60 years||30 years to 70 years||As per sum assured chosen|
Some of the reason why you should opt for a Reliance Nippon Life Child Plan are listed below:
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