highlights
Swiss Post runs various programs for its customers.
You can put a premium from Rs 6 to Rs 18 daily in child life insurance.
Parents over the age of 45 cannot invest in this program.
New Delhi. Saving is very important in today’s era of inflation. This becomes even more important when you have children, but it becomes very difficult on low incomes. In such a situation, it is very important to think about the future of the children and take care of their studies and career for the coming days. If you’re a parent and you’re thinking of investing in your children’s secure future, today we’re going to tell you about one of the Post’s regulations that will free you from the tension of your future. Child life insurance is a good option for you.
Bal Jeevan Bima Yojana is a scheme of the post. In this program, you can make your child’s future golden by investing as little as 6 rupees daily. By investing in this scheme, you can already save an amount for your child’s expenses on education, career, etc. Today we are going to tell you about this scheme in detail here.
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Only parents can purchase this plan
Swiss Post runs various programs for its customers. In these plans, children’s life insurance is a great plan for children. Please inform that only the child’s parents can purchase this scheme. There are also some conditions to avail this scheme. The age of the legal guardian should not exceed 45 years. At the same time, parents over the age of 45 cannot invest in this system.
Can only be created for children between the ages of 5 and 20
Let us tell you that investments in the child life insurance program can only be made for children between the ages of 5 and 20. At the same time, under this plan, parents can take out a policy just for their two children. This means that parents can only invest in this system for their two children and not for the third child.
Earn 1 lakh rupees by investing just 6 rupees daily
Let us tell you that under the Children Life Insurance Scheme you can deposit a premium between Rs 6 and Rs 18 daily for your children. If a policyholder buys this policy for 5 years, he has to pay a premium of Rs 6 every day. But if this policy is bought for a period of 20 years then a premium of Rs 18 daily has to be paid. In this plan, you are required to pay premiums on a monthly, quarterly, semi-annual, and yearly basis. After the term of this policy you will receive a lump sum payment of Rs 1 lakh.
If the policyholder dies, the premium is waived
On the other hand, under this system, the premium is waived if the policyholder, ie the parent, dies before the due date. In this case, the child does not have to pay the premium for the policy. This policy becomes a non-contributory policy after paying regular premiums for 5 years. While in children’s life insurance you get a bonus of 48 rupees on the sum insured of 1000 rupees every year.
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Tags: business news, Business news in hindi, investments, Tips for making money, post, save money, savings, Small savings plans
FIRST RELEASED : April 10, 2023 at 8:42 p.m. CET
