Aditya Birla Sun Life Insurance Company Limited
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A good education plays a crucial role in shaping up child’s life by bringing in self-discipline to build a solid career of their choice. In today’s highly competitive world, every parent wants to provide the best education for their children. While growing up, your child may have many dreams. Their goals may keep changing. A little child who wants to become a pilot today may start dreaming of becoming an astronaut a few years later. However, you can help them in effective goal setting while growing up, planning well in advance for goal-related education is extremely important.
Education inflation is rising year on year and it has been 10%-12% over the years, which is double the household inflation⁴. And the rapidly rising cost of education can be a hindrance to your children’s education in the future. Hence, it becomes imperative for you to plan well in advance to secure your child’s future financially to provide them with the best education. Building a child education fund is an extremely important thing that every parent should start as soon as the child is born.
Let us see how you can build a significant amount of funds for your child’s education. Here are some important steps:
Investing in the best child insurance plan can help you secure your child’s financial future. The following are the benefits of a child insurance plan:
Here are some tips to secure your child’s financial future:
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Buy ₹1 Crore Term Insurance at Just ₹576/month*
Exclusively For Salaried Individuals
4 Plan Options
Life Cover upto 70 years
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover
₹1 crore
Premium:
₹576/month*
Guaranteed returns after a month¹
ABSLI Salaried Term Plan (UIN:109N141V04) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6400/- ( which is ₹ 576/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
⁴ If you're a father, you're old enough to start saving for your kid's education (moneycontrol.com)
⁵ Tax Laws & Rules > Acts > Income-tax Act, 1961 (incometaxindia.gov.in)
ADV/11/22-23/2073
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