Secure future is the best gift you can give to your child. Every parent should plan for the child’s future by investing in health and education plans. Before buying a health or education insurance for your child you should consider some aspects such as the rate of premium, inflation rate and the cost of medical and education. Child plan with one time investment provides you the dual benefit of savings and insurance can be the best thing for you and your child in case you happen to crack a good enough deal. Here I am giving some best child plan one time investment. Check this below to gather knowledge about it.

What is a child plan one time investmentSource :- goodreturns . in

What is a child plan one time investment?

The top most priority is of every parent is their child. The upbringing of a child requires financial planning. One time investment child plan is one of them. This is the most suitable policy for your child as it ensures continued education and a secure future. Below I am describing some best child plan one time investment.

Eligibility Criteria:

If you are a parent legally or biologically, you are eligible to buy child plans. But there are different entry age, maturity age, minimum annual premium, and minimum sum assured criteria taken in consideration by different insurance providers, offering child plans.

Best Child Plan One Time Investment

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Best Child Plan One Time Investment:

Here I am giving 4 best child plan one time investment. See below…

1. Bajaj Allianz Fortune Gain Plan:

Bajaj Allianz Fortune Gain Plan is one of the best child plan one time investment. It is a ULIP plan that can be opted to secure your child’s future at a minimum cost with the maximum advantage. The plan offers 7 funds to choose from and also partial withdrawal facility available. The entry age is 1 year to 63 years and the maturity age is 18 years to 70 years. The single premium amount is minimum Rs. 50,000 to highest you can invest.

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2. Max New York Smart Steps Single Premium:

Max New York Smart Steps Single Premium is one the best child plan one time investment. Max New York Smart Steps Single Premium is an endowment plan is drawn particularly to provide for a child’s financial needs. The entry age is 21-50 years and the child’s age should be 91 days to 15 years. The maximum maturity for the life insured is 60 years. The premium bands for this policy is Rs. 50,000 to Rs. 2,99,999, and Rs. 3 lakhs to above.

SBI Life Smart Champ Insurance

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3. SBI Life Smart Champ Insurance:

This policy comes with a single premium payment option as well. In case of single premium policy under the plan, benefit amount equals to the sum assured value, wherein SA value is higher of basic SA or a multiple of Single Premium.

4. ICICI Pru-Smart Kid Assure Plan:

ICICI Pru-Smart Kid Assure Plan is one of the best child plan one time investment. ICICI Pru-Smart Kid Assure Plan comes with an entry age of 20-60 years and maturity age of 75 years. The minimum premium required is INR 15,000 and minimum sum assured is 5 times the annual premium you decide to pay.

5. Max Life Shiksha Life Super Plan:

Max Life Shiksha Life Super Plan has an entry age of 21-50 years, maturity age of 65 years. You will have to pay a minimum premium of INR 25,000/- and your minimum sum assured will be INR 50,000.

6. HDFC SL YoungStar Super Premium:

HDFC SL YoungStar Super Premium can be bought between 30-60 years with a maturity age of 75 years. INR 24,000 is the minimum premium that you have to pay and your minimum sum assured is subject to underwriting.

7. Birla Sun Life Insurance Vision Star Plus:

Birla Sun Life Insurance Vision Star Plus is one of the best child plan one time investment. Birla Sun Life Insurance Vision Star Plus comes with an entry age of 18-55 years and a maturity age of 75 years. This also has no stipulation of minimum annual premium. There is a fixed value of minimum sum assured which is INR 1,00,000.

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