Tag Archive: Children gift funds

CHILD PLANS – frequently asked questions

Child Plan-FAQ

What are Child Plans?
Which Child Plan to Pick?
How is Sukanya Samriddhi Scheme?

What are Child Plans?

Child plans are predominantly covered by Insurance companies, where currently plans have a fixed premium, to be paid over a period and invested money/ returns paid back when the child enters a certain age (which is generally 16, 18 and/or 21). The main drawback of these type of plans: