Secure Your Child’s Future with a Guaranteed Income Plan

Nov 14, 2024

Secure Your Child’s Future with a Guaranteed Income Plan

Our cute little children mean everything to us. They are our future. When a bundle of joy is born, we get the best of everything for them. From the finest clothes to the latest toys, no amount is large enough for their happiness and security. But what about their future? Sure, their present is happy and secure, but you must start planning for their future RIGHT NOW!

Remember the golden rule – it is never too early to plan for your child’s future.

Here is why you need to start investing now:

  • Inflation is eating away at your savings. Investing in policies is a better option.
  • Along with investment, you also get the benefit of life insurance.
  • Education is becoming expensive. Investing now will ensure your child gets the education they deserve.
  • Your child will not have to be financially dependent on anyone till they get educated and start earning on their own.
  • You can inculcate a habit of saving and investing in your child from a very young age.

For such forward-thinking parents, we have Max Life Insurance’s ‘Smart Wealth Advantage Guaranteed Plan’. This is a plan that can ensure that in 25 years, your child can be a *crorepati. You have to make an investment of INR 1 lakh per annum. There are two ways the policy benefits your child’s future:

If you want a regular income, plus a substantial payout amount on maturity, here is how the policy will work:

  • Your annual policy premium will be INR 1 lakh only.
  • Your regular instant income payout will be INR 38,456/-
  • You get life insurance worth INR 15 lakhs.
  • By the time of maturity, your child will get a guaranteed sum of INR 12 lakhs.
  • In this scenario, you get the double benefit of regular annual income and a payout on maturity.

However, if you are ready to re-invest your regular income payment, here is how the policy will work:

  • Your annual policy premium will be INR 1 lakh only.
  • You get life insurance worth INR 15 lakhs.
  • Your regular instant income payout of INR 38,456/- will be re-invested.
  • The re-investment rate will be 15%.
  • In this scenario, upon maturity of the policy, your child stands to get a payout amounting to INR 1,06,10,644/-.

The Smart Wealth Advantage Guaranteed Plan will not only help you secure your child’s future, but it will also remove a huge financial burden off your shoulders.

To know more about this policy and other such policies that you can gift your child, get in touch with Money with Mansy. Together, we can plan a secure financial future for your children.