Child Insurance v/s Child Education Plan: Which is Better?
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Table of Contents
Child Insurance Plan V/s Child Education Plan – Key Difference
While we now know the key difference between a child insurance plan and a child education plan, there is some more difference between both of these plans. Let’s take a look at all the other differences between a child insurance plan and a child education plan.
Difference Between Child Insurance Plan and Child Education Plan
Time horizon
Scope of cover
Benefits
Conclusion
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Disclaimer
1 Provided all due Premiums are paid
3ABSLI Child’s Future Assured Plan. Plan option: Education & Marriage Milestone. Male | Age: 35 years | Policy term: 25 years | Premium paying term: 10 years | Education milestone benefit period: 3 yrs & Education assured benefit start term: 15 yrs | Marriage assured benefit start term: 25 years | Annualized premium: ₹1,00,000 (excluding tax) | Total Benefits Payout: Rs 21,58,664 [Education Milestone Payout: Rs 10,79,332 (policy year 15,16,17) and Marriage Milestone Payout: Rs 10,79,332 (policy year 25)] | Age of Child: 0 years, Child as a nominee | Sum assured multiple for marriage: 100%
ABSLI Child Future Assured Plan (UIN: 109N124V01) is a non-linked non-participating individual life insurance savings plan
ADV/11/22-23/2025
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