Indiafirst Life Insurance Education Plan

IndiaFirst has introduced its education plan that has been mainly formulated for the children. This is one such policy that offers insurance cover to the education of the children so that they can complete their dreams.

Some of the salient features and benefits of the IndiaFirst Education Plan are as follows:

The children are eligible to receive funds in every outstanding occasion of their lives. Even if they are in schools, high schools, collage or they are pursuing any professional course, they would be receiving funds from the insurance company.

Even after the death or disability of the insured, the children would be getting financial protection all the time. The insurance company would be paying back the remaining premiums and as a result of this they are able to offer such extra ordinary thing.

Since this policy has been planned specifically for the children therefore they are beneficiary of the policy. They are the one that would be receiving the funds that has been assured by them at the time of maturity. This facility if presented even if the assured sum has been paid out due to unfortunate demise of the insured.

This policy offers the alternative to make an investment either in equity, debt or balanced fund. The insured can even choose to invest in all 3 types of fund by carefully choosing the proportion of the investments.

The insured can also switch their investment from one to another. This helps the insured to earn more return from their investment.

This insurance policy also offers the alternative to the insured to make their very own corpus by making some additional deposits. The policy holders are also eligible to get easy access to the money since they are able to withdraw their money partially.

The insured would also be getting tax benefit as per section 80C and 10(10D) on the amount of premium that has been paid for keeping the policy safe.

Possibly Related Posts:

Tags: IndiaFirst Education Plan, IndiaFirst Life Insurance, insurance policy