Source :- dailymotion . com
This child education plan is a type of non-linked deferred participating endowment plan. It offers the dual benefit of savings and protection. Along with maturity benefits and survival benefits, guaranteed additional bonuses are paid out. In case of the death of the life insured, the sum assured is immediately paid out as the death benefit.
4. SBI Life Smart Scholar:
SBI Life offers this unit-linked non-participating child education plan which provides the twin benefit of investment and insurance. Seven fund options are available to match your investment strategy. Apart from the premium waiver benefit, accidental death benefit and accidental total and permanent disability benefit riders are the integral parts of this child education plan.
Source :- fincash . com
5. Aegon Life Educare Advantage:
This is a traditional child education plan with money back facility. It is a participating plan with limited premium payment mode. Simple reversionary bonus and terminal bonuses (if any) are paid out along with maturity benefit as well as a death benefit. Like the four child education plans, mentioned above, this plan also allows you to enjoy income tax benefits.