Planning for your child’s education can be overwhelming, especially considering academic costs and inflation. A well-structured child plan, such as the IndiaFirst Life Insurance Little Champ Plan, helps you build a dedicated corpus for key milestones. By combining life cover with disciplined savings, this plan ensures that your child’s aspirations remain financially secure even in the face of an unfortunate event. With regular premium payments, the plan offers a robust payout at maturity, helping parents or guardians cover tuition fees and other education-related expenses. Creating a secure future with the IndiaFirst Life Little Champ plan is not only simple but can also prove to be cost-effective.
What are Child Education Plans?
Child education plans can serve as a structured route to protect and nurture your child’s education goals. Through regular premiums, these plans build a dedicated corpus that covers tuition fees, books, and other essential learning costs. Furthermore, they provide a life cover that continues in the event of a parent’s untimely demise, safeguarding a child’s future plans. Many child plans come with a premium waiver feature, ensuring that your child’s policy continues without financial strain.
With flexible payment options, monthly, semi-annual, annual, or single pay, these plans can suit a range of budgets and needs. It can act as a solid investment plan for a girl child or ensure general financial support for all your kids. In case of unforeseen circumstances, the insurer may offer immediate financial support, plus the promise of future payouts at key academic milestones. By opting for the IndiaFirst Life Little Champ Plan, you can systematically secure your little one’s future, ensuring your child’s educational goals stay on track.
Why Should You Get a Child Education Plan?
Immediate help in emergencies
A child plan may serve as a financial cushion during unforeseen difficulties. With a built-in life cover, your child’s educational goals stay on track even in case of an untimely demise.
Tackling rising education costs
Tuition fees and related expenses continue to surge every year. By planning early, you accumulate funds to manage these costs without compromising on quality education.
Protecting your child’s future
Even if life takes an unexpected turn, child plans provide a steady stream of support. The promise of a lump sum or staggered payouts ensures your child’s educational journey is uninterrupted.
Potential for long-term returns
Through savings-based options or market-linked funds, these plans help your money grow in sync with your child’s academic timelines. You can use a child plan calculator to estimate your returns and ensure your funds are working towards your goals.
Key Features of IndiaFirst Life Little Champ Plan
Comprehensive Life Cover
Safeguard your child against adverse possibilities by getting a life cover for yourself. This ensures that your family’s financial future remains protected.
Premium Waiver
In the event of an unfortunate incident or Accidental Total Permanent Disability, no more premiums need to be paid. You and your child continue enjoying the policy’s benefits without additional financial strain.
Flexible Policy Options
Tailor your IndiaFirst Life Little Champ Plan by choosing suitable policy terms, premium payment durations, and the most convenient payment mode (monthly, semi-annual, yearly, or single pay).
Multiple Coverage Choices
Opt for a lump sum or monthly income payout to support your child’s education in case of an untimely demise. You can further enhance coverage for this child investment plan by adding Accidental Death or ATPD benefits.
Guaranteed Payout Range
Pick from eight distinct payout options offering assured payouts between 101% and 125% of the Sum Assured. Meanwhile, accumulated simple bonuses, if declared, are disbursed along with the final instalment.
Tax Benefits
You may avail tax advantages on premiums paid and benefits received, as per prevailing tax laws.**
Eligibility Criteria
By meeting the following criteria, you can seamlessly give your little one a secure future with the IndiaFirst Life Little Champ plan.
Age Requirements:
Entry age ranges from 21 years to 45 years, with a maximum maturity age of 65 or 70 years (depending on the chosen Premium Paying Term).
Premium Paying Term (PPT):
Flexible options from 7 to 14 years, while the Policy Term can extend between 15 and 25 years, based on your PPT selection.
Premium Limits:
The minimum sum assured for a PPT of 7-9 years is ₹1,50,000, and ₹2,00,000 for a PPT of 10–14 years. There is no upper limit, subject to underwriting.
Minimum Annual Premium:
From ₹1,349 (monthly) to ₹15,500 (yearly) ensuring multiple choices for different budgets.
Whether you’re looking to systematically build savings or safeguard your child’s ambitions, the IndiaFirst Life Little Champ plan from IndiaFirst Life Insurance provides a comprehensive path forward. It offers flexible premium terms, guaranteed payouts, and robust life cover so you can focus on nurturing your child’s development instead of worrying about financial constraints. By opting to create a secure future with the IndiaFirst Life Little Champ plan, you equip your little one with a plan that aligns perfectly with evolving education costs. The combination of flexibility, protection, and steady returns ensures you remain prepared for every milestone in your child’s journey.
** Tax exemptions are as per applicable tax laws from time to time.
Disclaimer:
The Sales Brochure is consistent with the product features filed with the Authority. Tax benefits are subject to change from time to time. You are advised to consult your tax consultant.
Product Name: IndiaFirst Life Little Champ Plan, Product UIN 143N035V02, IndiaFirst Life Insurance Company Limited. IRDAI Registration No. 143.
Registered and Corporate Office Address: 12th & 13th floor, North [C] Wing, Tower 4, Nesco IT Park, Nesco Center, Western Express Highway, Goregaon (East), Mumbai – 400 063.
www.indiafirstlife.com
SMS to 5667735 SMS Charges apply.
Trade logo of Promoters displayed above belongs to M/s Bank of Baroda and M/s Andhra Bank and used by IndiaFirst Life Insurance Co. Ltd. under license. CIN: U66010MH2008PLC183679 Toll free No – 18002098700 . Advtg. Ref. No.: IndiaFirst Life Little Champ Plan/Brochure/
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