You know it very well that life is unpredictable. Taking this unpredictability of life into consideration, it is indispensable to make sure that your children are financially protected at all times. Child plans from HDFC Life ensure that you can start saving for the future expenses of your child at an extremely early stage so that you will have adequate fund to meet up with a range of expenses related to higher education, marriage, etc.
Here are the two child plans that you can choose to purchase from HDFC Life:
This is a highly decorated children’s plan from HDFC Life. This HDFC Child plan has been devolved to offer guaranteed payouts at each and every major milestone of your child’s life. Life YoungStar Udaan comes with three maturity benefit options from which you can easily choose. You can avail the coverage under this policy for varying premium payment terms and policy tenures.
- Sum Assured: No limit
- Policy Term: 15 to 25 years
This child plan from HDFC Life is fundamentally a ULIP that has been designed to take care of all the significant financial high points in your child’s life such as buying a house, marriage, education, and much more among others. In the event of death of the life assured, HDFC Life YoungStar Super Premium policy will offer yearly payments to the family of the deceased. You can have the flexibility to pick the funds in which the investments are to be done.
- Sum Assured:
- Minimum - 10 time of the annualized premium if the individual is less than 45 years of age.
- 7 time of the annualized premium if the individual is 45 years or above.
- Maximum - 40 times of the annualized premium.
- Policy Term:
- Minimum - 10 years
- Maximum - 20 years