Child Plan

A smart investment today, for a secure future tomorrow. Let your money grow as your child grows.

Create a corpus for your child's future.
Provide financial security for your child even in your absence.

Highlights

Risk Coverage: Payout of sum insured in case of demise of the policyholder to the nominee.
Maturity Benefit: Upon survival, policyholder is paid the assured value defined in the policy.
Premium Waiver: Option to waive off the remaining premiums in the policy in case of untimely demise of the policyholder.
Tax Benefit: Policyholder can avail tax benefit under Section 80C and Section 10(10D) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein. Kindly note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or realisation of benefits by policyholder. It is advisable to seek independent advice.
Low Risk: Owing to the assured returns component, these plans tend to have a low risk.

DCB Bank Ltd. is licensed by Insurance Regulatory and Development Authority of India – IRDAI under registration number #CA0089 for conducting its Bancassurance business. Participation by Bank’s clients in insurance products is purely on voluntary basis.