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Child Insurance – Everything You Need to Know
When you become parents, it takes you a while to realise the responsibilities that come with raising a child. As your little ones grow, their needs will change, and more likely than not, so will their demands, which you will want to be able to fulfil. To help your child pursue his or her dreams, to be able to afford the best education and to be able to make your child financially secure, you need a plan that will help you meet these goals, and that’s where child insurance comes in. Child insurance plans are often looked at with speculation, but if you want to provide your child a stable financial future, this is a good place to start. Here’s a look at what you need to know about Child Insurance, and a few tips to help you choose what’s best for you.
What Are Child Insurance Plans?
Child insurance plans in India are investment cum insurance plans for securing a child’s future. Investing in a good child insurance plan can secure your child's financial future and provide the means which will enable a number of things – for instance the best education. Child insurance can also safeguard your child from suffering financially in case something untoward happens to you.
Why Do You Need Child Insurance?
With the rising cost of education in India, it is obvious for parents to worry. Yes, all parents save for their child’s future, but in today’s scenario, your monthly savings alone won’t be enough to give your child a good higher education and make your family financially secure, in case of an unfortunate event. For this purpose, a child insurance plan is essential. However, that’s just the tip of the iceberg. There is a multitude of benefits that a Child Insurance plans can offer. Take a look at some of these below.
1. Fund Your Child’s Education
Children do not realise it, but a significant chunk of their parents’ savings go into paying for their education, right from primary education. Being able to afford the fees of a decent school these days is quite challenging for parents, not to mention the cost of higher education. Putting your child into a good Institute in India or abroad is synonymous with astronomical fees, which can often mean dipping into and even emptying all your savings – hardly a good idea! A good child insurance plan can help tackle the expense of a sound education.
2. Provide Financial Protection in Your Absence
Death is as unplanned as it is unwanted, and in the case of an unfortunate demise, the last thing you would want is for your child to be cast out into a world without financial support. A child insurance plan can help meet your child’s financial requirements even when you are gone, silently reminding him that in some way or the other, you are still there for him. The IDBI Federal Life Insurance Childsurance Savings Protection Plan, for instance, is a great option, which ensures that a child receives an immediate payout (the assured death sum) in case of the sudden death of the parent, while the plan continues till maturity. In case of an untimely demise, the future premiums are also waived. Additionally, this plan provides a life cover for your family, ensuring their financial security. It’s a pretty neat package of benefits and one of the best options in child insurance plans available.
3. Provide Life Cover to Your Child and Family
With child insurance plans you can secure your child’s future and your family’s future, too. An insurance plan that guarantees a lump sum amount to the nominee (your child or anyone from your family) in case of your death is a sound (and necessary!) investment. With plans like these, you can be rest assured as far as your family’s financial safety is concerned.
4. Payout Benefits
Many child insurance plans offer payout benefits annually, which you can use for interim milestones. All you need to do is calculate the number of payouts you are likely to need and when you need them. For instance, if you choose a policy for 10-15 years with two annual payouts, you will receive guaranteed annual payouts at the end of the 14th year and maturity. Different plans have different payout tenures. When choosing the number of payouts, consider your child’s age, and when you’re likely to need some financial aid (for example when graduating or college etc) and plan accordingly.
Types of Child Insurance Plans
Today, insurance companies offer various types of insurance plans that can be customised to suit your needs. Here are a few types of child insurance plans you can choose from.
1. Single Premium Plan
As the name suggests, in this plan, the premium amount is paid in a lump sum. This plan is a good option for parents who don’t want to take the responsibility of recurring payments. The benefit of taking this plan is that certain insurance providers may offer discounts or lower the premium amount, given the fact they receive the amount in lump sum.
2. Regular Premium Plan
Regular premium plans are fairly flexible in terms of the payment of premiums. Most insurance companies will offer the options of paying the premium annually, half-yearly, or quarterly.
3. Unit-linked Plan (ULIP)
What makes a ULIP unique is that it provides insurance and investment in a single plan. In this plan, the premium received is divided and invested in debt funds and equity with the consent of the party to be insured. Although the risk of investing in the equity market is high, so is the probability of earning higher returns. The IDBI Federal Wealthsurance Future Star Insurance Plan is a unit-linked plan which can help you build a corpus for your child through market-linked investments while providing the additional benefit of a life cover or protection to your child in case of unforeseen events.
4. Child Endowment Plan
In this plan, the premium amount is invested in debt instruments, but the decision of where the amount will be invested remains with the insurance provider. The returns on debt instruments are not high, however, these are generally considered safer as compared to equity investments.
FAQs
1. When Should You Buy a Child Insurance Plan?
It’s never too early to start when you think about a Child Insurance Plan, basically, the earlier you start, the better – ideally as soon as your child is born. Most child insurance plans are crafted in a way that their benefits are derived when a child is legally an adult. The later you invest, the higher the premiums, which in turn will have its effect on your overall expenses. Also, remember, the sooner you invest, the more your child will receive on the maturity of the policy.
2. Do I Really Need a Child Insurance Plan?
Yes, you do! It’s simple really – consider the rising cost of living and education, and think about when you want to be able to take your pick of the best institutions to send your child to – it’s going to be an expensive affair. A stipulated premium every year can pave the way for your child’s dreams.
3. How Should I Buy the Best Child Insurance Plan for My Child?
When planning to buy child insurance plan, keep in mind the important milestones of your child and the time at which you believe you’d need those funds. Consider the tenure of a Child Insurance Plan when choosing, and map it to the timeline you’re likely to need a payout.
4. What Documents Are Required for a Child Insurance Plan?
When buying a child insurance plan, you will need to submit the following documents:
Your Identity Proof – A copy of your PAN card, Voter ID card, driving license, passport, etc.
Your Address Proof - A copy of your PAN card, Voter ID card, passport, electricity bill, or any document that states your address.
A document proving your date of birth, like your driving license, voter ID card, PAN card, etc.
Documents proving your child’s date of birth, for example, his/her birth certificate.
Passport size photographs of you and your child.
5. Can Grandparents Invest in Child Insurance Plans for Their Grandchildren?
Yes, grandparents can invest in child plans for their grandchildren. Even legal guardians can buy certain child plans.
6. Will I Get Tax Benefits?
Yes, you will! As per section 80C of Income Tax Act, 1961, the premium amount to be paid for the child insurance plan is deductible from your total income, which lowers your taxable income. Also, as per section 10(10)D of the Income Tax Act, the lump sum amount received at maturity is tax-free as survival benefit, however, it is subject to certain terms and conditions.
A Word of Caution
Before you buy a child policy and sign any documents, read the terms and conditions carefully. Make sure that what you plan to invest in, reaps the maximum benefits. Not having the correct information about child insurance plans can make you doubt everything, but, with the right information and proper guidance from a trusted insurance agent, you can buy the best insurance plan for your child.
Soon your little one will grow up and be ready to leave the security of home; you want him to be confident and independent, don’t you? With a good child plan, you can afford the best education, save for a marriage, and make your child ready to take on the world.
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We Are Excited About These 7 Films Releasing This Festive Season!
In a movie-crazy nation like India, something about films and holidays just goes so well together. Come vacations or the festive season, and everyone wants to unwind with some entertainment. Well, if you are a movie buff – like most Indians are – you're going to have a great time this festive season! A wide variety of movies is releasing in the final couple of months of 2018 – with action, comedy, and even sci-fi, there is something for everyone! Here are 7 Bollywood movies we can’t wait to watch this festive season.
1. Mohalla Assi
Release date: 16th November
[youtube https://www.youtube.com/watch?v=G4-uLtTZ7NU&w=903&h=508]
Sunny Deol seems to have realised that it takes more than a mindless comedy to make a comeback. He has hence taken on a more serious role with integrity and character in this satirical dramedy. A few seconds into the trailer and the main theme of the movie will have established itself - hypocrisy. Considered one of the holiest cities in the country, Varanasi, referred to as Banaras in the film, is also the 4th most polluted - and this is only the first of the many contradictions that define Banaras. The plot revolves around residents of the Assi Ghat, where religion seems to have become the weapon of choice to fight any and every battle. Peppered sufficiently with expletives and explicit-comedy, it seems this one is going to turn out to be interesting, to say the least!
2. Bhaiaji Superhit
Release date: 23rd November
[youtube https://www.youtube.com/watch?v=fuqHJbMmFiE&w=903&h=508]
Touted as Preity Zinta’s comeback film, this one will see a lot of faces from yesteryears – Shreyas Talpade (of Iqbal-fame), Arshad Warsi, Ameesha Patel, and protagonist Sunny Deol... which suggests there might be a lot of awkward dancing and unnecessary shouting! However, if there is one stereotype Sunny Deol can play well, it is that of the quintessential small-town naive puttar with big dreams. Preity Zinta’s look (from the song Do Naina and the movie trailer) is reminiscent of Veer-Zaara, since she is dolled up in typical traditional Indian-wear – which might be something her fans look forward to seeing. All in all, it seems like a typical over-the-top comedy with good doses of action and emotions packed in.
3. 2.0
Release date: 29th November
[youtube https://www.youtube.com/watch?v=owPuQjInzO8&w=1016&h=508]
Calling on all Rajnikant fans – get ready to make some noise! Writer-director S. Shankar has kept us waiting for 8 long years for this one, since the first instalment of the sci-fi saga released in October 2010. There are a lot of things that make this film special – the larger-than-life star Rajnikanth, crowd-favourite Akshay Kumar as the bad-guy, and a budget that has surpassed even Baahubali, making 2.0 the most expensive Indian film yet. However, what has us positively excited is the fact that the soundtrack for this film was composed by none other than A. R. Rahman, making it his first film of 2018!
4. Total Dhamaal
Release date: 7th December
Who doesn’t like an out-and-out entertaining laughter-riot, right? However, this time, the cast has been significantly changed! We have Ajay Devgn in the lead in the third instalment of the Dhamaal series, alongside veteran Anil Kapoor and Dhak-Dhak girl Madhuri Dixit. Riteish Deshmukh, Arshad Warsi and Javed Jaffrey will reprise their roles though – so there will definitely be enough recall value for fans of this series.
5. Kedarnath
Release date: 21st December
[youtube https://www.youtube.com/watch?v=03-KVRmd3xo&w=903&h=508]
This movie will mark the debut of Saif Ali Khan and Amrita Singh’s daughter Sara Ali Khan, alongside Sushant Singh Rajput (who has been gone for a while now). While the makers of the film kept the plot and theme of the film elusive, releasing a poster that wasn't worth a thousand words, the trailer does make the promise of this being an entertaining film. The tagline ‘Love is a pilgrimage’ suggests several themes, which seem to have been handled judiciously - religion, tourism, climate, and of course, love. The visual effects are quite stunning too, making a strong case in favour of watching this one in the theatres!
6. Zero
Release date: 21st December
[youtube https://www.youtube.com/watch?v=Ru4lEmhHTF4&w=903&h=508]
How could the year possibly end without an SRK movie? We love that the actor is picking hatke scripts, even if they are all in the same genre of romance. The trailer of Zero shows it to be a love triangle, with a twist. The three characters could not be more ill-fitted to ever have anything in common; not even enough to get a conversation going! There’s a celebrity, then there’s a dwarf, and then there’s a girl in a wheelchair. However, this is Shah Rukh Khan and Bollywood we are talking about – we bet that, if nothing else, this will be a stunningly extravagant film!
7. Simmba
Release date: 28th December
[youtube https://www.youtube.com/watch?v=JkulfA8maF4&w=903&h=508]
Love him, hate him, you can’t ignore him! We’re talking about Ranveer Singh, of course! This will be his first release after his marriage, and boy is it going to be amazing! Combine Rohit Shetty’s madness with Ranveer’s and you’re sure to get a great action-packed comedy. This will be another chance for Sara Ali Khan to make a mark on the audiences, if her debut fails to do so. One thing is for sure though – this would indeed be a wild end to a happening year! While the trailer for the film is not out yet, the above teaser of one of the songs being shot for the film is enough to get us excited!
And that’s Bollywood bidding 2018 adieu! Which one of the above films are you going to make a bee-line for? Read more
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Fisher Price Press N Go Monster Truck Green And Blue Review
As new parents & that too it being our first born, my husband & I are always on the lookout for Toys/ Games/ Equipment which can help in our little one’s development. So when we came across the Fisher-Price Press N Go Monster Truck we liked it & wanted it for our daughter. It is applicable for ages 9 months plus. My daughter crawls or tries to run behind it when it moves. She also likes to play with the purple hair on top or the teeth in the front of the truck. We encourage her to push it so that she learns the push movement & uses her strength. It’s a good way to keep the little ones engrossed. The best part is that parents can play together with the baby. The fact that it’s from Fisher-Price which is a reputed brand in the kids segment also made the decision easier. Their Quality is unparalleled.
The Delivery from FirstCry was in perfect condition. On opening that, there was a Transparent Packaging through which we could see the Fisher-Price Press N Go Monster Truck in its attractive Green and Blue Colour. My daughter was already peeping into it & trying to get it in her hands. There’s no sharp edges which can hurt or cause any scratches to the baby while playing. There’s no loose parts which can fall off or can be put into the mouth. I found it to be a safe option. The truck glides silently & smoothly on being pressed. There are times when you want a toy which does not overload the senses through too much sound & light. We really liked this Truck for all these reasons.
No Sharp Edges/ No Loose Parts. Safe Toy to play with.
Improves the Holding Grasp & Pushing Capability. Good for Hand Eye Co-ordination.
Everyone in Family can play alongwith the baby & Toy.
Attractive Design & Does not make Noise.
Its easily available in the search options on FirstCry.
A huge thumbs up to Fisher Price Press N Go Monster Truck. I Definitely Will recommend this even as a good gifting option. Read more
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Copy of – World Smile Day 2022 – Date, Significance, Celebrations and Quotes
World Smile Day was an initiative by Harvey Ball, a commercial artist from Worcester, Massachusetts. Ball created the smiley face in 1963 – an image that became the most recognisable symbol of goodwill and good cheer on the planet. So, he declared ‘World Smile Day’ to further this emotion.
When Is World Smile Day?
Harvey Ball announced in 1999 that the first Friday in October of each year would be celebrated as World Smile Day. Since then, it has continued every year in Smiley’s hometown of Worcester, MA, and worldwide.
When Will World Smile Day Fall in 2022?
Friday, October 7, 2022
Why Is World Smile Day Celebrated?
Harvey Ball wanted us to devote one day to doing simple acts of kindness around us. His idea was that for at least one day each year, we should all share a genuine smile crossing all the boundaries. Harvey Ball World Smile Foundation was established in 2001 to honour the name and memory of Harvey Ball, the artist who in 1963 created that international symbol of goodwill, the smiley face. The motto of the Smile Foundation is “enhancing this world, one smile at a time”. Up to this day, the foundation proceeds as the official patron of World Smile Day every year. The day is about the complete demonstration of generosity and helping an individual smile.
How Is International Smile Day Celebrated Around the World?
The World Smile day activities that take place around the world are listed below:
The Worcester Historical Society celebrates this day by throwing a ball every year since 2000. The ball houses smiley-faced themed events and exhibits and hosts the Harvey Ball Smile Award.
Hot air balloon races
Balloon releases bearing WSD messages
Choral performances
College acapella concerts
Recognising student WSD ambassadors
‘Where’s the smiley’ contest
Sidewalk chalk art competitions
Pie eating contests
Circus performers and the elephants
Around the world, people celebrate World Smile Day in fun and creative ways that include attempts to break the record for the largest human smiley faces
Delivering meals and smiley treats to needy
Smile events in hospitals
Making videos and many more fun activities that can make a person smile.
How Can You Celebrate International Smile Day?
Here are a few World Smile Day ideas listed below.
Reach out to different schools and request them to conduct drawing and art competitions among the students depicting the topic “World Smile Day”.
Giving a simple smile means a lot to our health too. The nerves in our body are relaxed. This would make us physically and mentally healthy too. These health benefits can be conveyed to others on this day.
A smile is an outcome of positive thoughts. So, this will enhance our positive thinking capabilities. So, an event can be conducted where people can share their experiences by celebrating World Smile Day.
Events such as giving free meals to needy children and buying them games are gestures to bring a smile to their faces.
We can reach out to daily wage workers and give them a break from their workplace by conducting fun games, which would put a smile on their faces. They would relish these moments in their lifetime too.
World Smile Day Quotes
Here are a few quotations on World Smile Day below:
Smile in the mirror. Do that every morning, and you’ll start to see a big difference in your life. – Yoko Ono
Beauty is power; smile is its sword. – John Ray
I wake up every morning literally with a smile on my face, grateful for another day I never thought I’d see. – Dick Cheney
People seldom notice old clothes if you wear a big smile. – Lee Mildon
Show me a smile, and I’ll show you one back. – Vanilla Ice
Every time you smile at someone, it is an action of love, a gift to that person, a beautiful thing. – Mother Theresa
I get home, and my son is smiling, or he comes running to me. It has just made me grow as an individual and grow as a man. – LeBron James
I’ve got nothing to do today but smile. – Paul Simon
Before you put on a frown, make absolutely sure there are no smiles available. – Jim Beggs
Nothing beats a great smile. – Karl Urban
Your smile will give you a positive countenance that will make people feel comfortable around you. – Les Brown
If you smile when no one else is around, you really mean it. – Andy Rooney
When I look out at the people, and they look at me, and they’re smiling, then I know that I’m loved. That is the time when I have no worries, no problems. – Etta James
Let us always meet each other with a smile, for the smile is the beginning of love. – Mother Teresa
A warm smile is the universal language of kindness.” – William Arthur War
A smile is a curve that sets everything straight. – Phyllis Diller
A smile is happiness you’ll find right under your nose. – Tom Wilson
Share your smile with the world. It’s a symbol of friendship and peace. – Christie Brinkley
Let my soul smile through my heart and my heart smile through my eyes, that I may scatter rich smiles in sad hearts. – Paramahamsa Yogananda
Nothing you wear is more important than your smile. – Connie Stevens
I have witnessed the softening of the hardest of hearts by a simple smile. – Goldie Hawn
Every country can celebrate National Smile Day in their own region by including all types of folks and conducting innovative events to get a smile on all their faces. Let us all unite with a simple smile on this Happy Smile Day and take a step forward to bring a smile to others’ faces too.
Also Read:
How to Celebrate World Photography Day
National Daughter’s Day: Date, History and Significance
Pongal Festival: Importance and How It Is Celebrated
Read more
Dr Laxmi Chavan-Sawant has added a new answer
Guardian of 0 children
11 hours ago
Q. I am 9 week pregnant and I have runny nose very badly can I use cetirizine tablet?
Dr Laxmi Chavan-Sawant
Ayurvedic Gynaecologist
7 hours ago
A. use nasal drops , that acts faster .
You should have proper consultation with your treating doctor , as some examination or investigations may be needful, so that proper medications can be given And the treatment can be done very properly.
Dr Laxmi Chavan-Sawant has added a new answer
Trying To Conceive
11 hours ago
Q. hi,
my LT 10x18mm and RT 18x20mm and ET 6.5 , what if I intercourse after 2 days, can I do intercourse in ovulation day can become a pregent .
on ovulation day if we intercourse can become a pregent..pls advice..
Dr Laxmi Chavan-Sawant
Ayurvedic Gynaecologist
7 hours ago
A. since the follicle size is 18 to 20 mm your ovulation may occur within 24 hours also so if you have intercourse with in that time it will be more effective to get conceived
your endometrial growth is not good enough for conception but still you can just try
Sai Prasanthi R L has added a new answer
Guardian of 0 children
11 hours ago
Q. Hlw dr its my 6th month pregnency can i intimate with my partner
Sai Prasanthi R L
Mom of a 10 yr 2 m old boy
10 hours ago
A. Hello dear! If your pregnancy is going on fine without any high risk factors then it’s okay. Still, would advise you to check with your doctor once before going further. Maintain a good personal hygiene routine and a healthy lifestyle
Abhaya Rajput has added a new answer
Expecting Mom due this month
7 hours ago
Q. My breasts feel full and heavy, but there’s no milk when pumping and during feeding baby —what do I do?
Abhaya Rajput
Mom of a 14 yr 4 m old boy
1 hour ago
A. Hello there ma’am please do not worry about it too much. But it is really very difficult to say anything without proper examination. It is advisable to get yourself evaluated by a doctor and follow doctors advise properly. You can also book online doctor’s appointment on FirstCry where the doctor can help you and guide you properly.
Thanks and take care
Dr Disha Patel has added a new answer
Expecting Mom due in 6 months
7 hours ago
Q. can I take medicine pcm n citrazene in pregnancy fir sore throats n fever
Dr Disha Patel
Ayurvedic Physician
2 hours ago
A. dear mom.
better to take tab pcm for time being n do take steam inhakation couple of tines a day, follpw good home renedies for cold, taje more rest .
Dr Vandan H Kumar has added a new answer
Mom of a 9 m old child
1 hour ago
Q. hi everyone good morning,
sorghum can I give to my 10 month baby is it safe or not please revert I waiting for your reply
Dr Vandan H Kumar
Paediatrician
1 hour ago
A. yes
whenever you give any new food to the child you have to take care of two things.
you should give in small quantity. if the child doesn't develop any digestion problem in next 24 hours to 48 hours and the child is able to digest that food then that food can be given again.
but if the child is not able to digestc or there is some problem with vomiting or loose motion or colic pain then kindly avoid that food.
we wait for 2 to 3 days to confirm whether the child is having any problem to that particular food or not
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