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Protect Your Child's Future on Children's Day

November 28, 2022

Table of Content

1. What Is a Child Plan?

2. What Are the Benefits of Child Plans?

Every parent does their best to ensure their child enjoys a comfortable life. They strive hard to provide for their little ones and ensure they’re never left wanting anything. Thinking about a time when you won’t be there for a child can seem distressing. But none of us knows what life has in store for us. You may not always be there to take care of your child. That’s why it’s prudent to protect their future with a child plan.

What Is a Child Plan?

A child plan such as the HDFC Life YoungStar Udaan helps you systematically save up for your child’s future. You can opt for a Unit-Linked Child Plan, which allows you to get market-linked returns over time. These policies provide investment flexibility as you can choose where your money gets invested. You can select a mix of debt and equity funds to make the most of market ups while safeguarding your finances during the downs. Additionally, these plans also provide you with life insurance coverage. If anything happens to you during the policy term, your child receives a payout that helps them remain financially stable. Additionally, you can opt for a waiver of premiums to keep the plan going and ensure your child gets the corpus on maturity.

What Are the Benefits of Child Plans?

Here's how a child plan benefits you and your little one:

It Secures Their Education

The corpus you build through the plan can help you fund your child’s higher education in India or abroad. In addition to the investment, the life insurance payout will provide some finances to help cover their school tuition if you aren’t around to help them.
It Funds Their Hobbies

As a parent, you would like your child to have many different interests. The periodic pay-outs from the plan can help fund their hobbies. You can pay for football coaching, art classes or violin lessons with the plan’s help.
It Pays for Their Wedding

Most parents save up for their child’s wedding for several years. Using a child plan helps you to build a significant corpus to provide your child with their dream wedding.
It Helps Build Their Company

Your little one might grow up to become an entrepreneur. The money you grow through the plan will help fund their start-up. Your prudent planning helps your child fulfil their dreams of running their own company.

Opting for a child plan helps you safeguard your child’s future. This Children’s Day, give them the ultimate gift. Secure your child’s bright future with a child plan and secure their finances for life.

DISCLAIMER:

HDFC Life YoungStar Udaan (101N099V04) is a Non-Linked, Participating, Life Insurance Plan. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions, please read sales brochure carefully before concluding a sale.

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