In today’s time, policies prove to be very helpful in securing our future. We should get policies for ourselves as well as for our children. With these policies, you can get benefits like life cover, education, and savings for your children. If you also want to invest in a scheme to secure your children’s future, then a child plan can be a golden opportunity for you. So, in this article know about Bal Jeevan Bima Yojana vs LIC Child Plan.
Bal Jeevan Bima Yojana vs LIC Child Plan:
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We can get many types of insurance. In this, along with securing your own future, you can also secure the future of your children. In these policies, your children will get money for savings and their education along with life insurance coverage. So, let’s see the comparison of child insurance plans in India.
What Is Bal Jeevan Bima Yojana?
Bal Jeevan Bima Yojana has been started for all those parents. Who are always worried about the future of their children. If you are also going through the same phase and want to invest in such a scheme to secure the future of your children. It is both safe and beneficial, then a Child Life Insurance Plan can be a Great Option for you.
In the Bal Jeevan Bima Scheme run by the government, by investing only Rs 6 per day, lakhs of rupees can be made for the education, marriage, and other needs of your children. By investing in this scheme, your children will not have to face any kind of financial problems.
What Is LIC Child Plans?
The Indian Life Insurance Corporation (LIC) provides child plans that are specifically designed to meet the financial needs and future objectives of children. These plans offer savings, investing options, and financial protection for milestones like children’s schooling and marriage.
These plans assist parents in pooling money for their child’s future expenditures by providing either a lump amount or periodical installments. These plans offer death benefits to the child if the policyholder passes away within the policy’s term, giving the youngster financial stability.
The LIC Jeevan Tarun Plan and the LIC New Children’s Money Back Plan are a couple of the LIC child plans. Let’s examine these policies in more detail, covering their features and advantages.
Conclusion:
Many schemes have been run by the central government in which parents can secure the future of their children by investing. Similarly, India Posts has a Bal Jeevan Bima Yojana and Indian Life Insurance Corporation Child Plan in which many parents have secured the future of their children by investing. If you also want to take advantage of this scheme, then first read the complete information of this scheme carefully and only then apply. Because it is related to the future of your children.