Child Education Plan
The best gift parents can give their children is a sound education. Education is an investment which pays the best dividends. The roots of education run deep and its fruits last a lifetime. Therefore, Children’s Education Planning is an important responsibility of parents. It calls for proper financial planning. To provide the best education for children, you will have to spend a lot of money. Education is no cheaper. Forget studying abroad, studying in India too is very expensive.

What is Accidental Insurance Plan?
An accident is an uncertain, unplanned event, it just happens. Soaring medical costs and quality time lost due to not being able to work, prove to be very costly. An accidental insurance comes into the picture in case of accidents. An accident may get a person partially or totally disabled, impacting his earning capabilities. An accidental insurance plan covers the insured in case of an accident. Accidental Insurance does not cover suicide, self-injury, armed force operations, war and so on.

Features of Accidental Insurance Plan
Accidental insurance must be renewed each year. It can be renewed every year, just like a Term Insurance and Accidental Insurance Plan.
Maximum sum insured depends upon the insurer. Based on your income, some insurers offer 60-100 times your monthly income. Others offer 8 to 10 times your yearly income as a sum insured.
Few insurers provide accidental insurance to dependents, but have limitations vis-à-vis sum assured.
Currently there are no income tax benefits of availing Personal Accidental Insurance. However, the claim amount you receive is not taxable.//https://moneyguides.in/child_plan