ING Aashirvad is a guaranteed child life insurance plan that pays out monies and helps you plan for the career and marriage of your children. In this plan the parent and child are the life insured/s during the policy term and once your child’s future is adequately secured through the education and marriage payouts, the benefit of long term insurance protection shifts to the child during the extended policy term.
A customized 2 in 1 plan, ING Aashirvad not only guarantees the planning for your child’s career but also goes one step ahead and provides guaranteed long term Insurance protection for your child.
It carries inbuild Four Guarantees
Guarantee 1 – Guaranteed Maturity Benefit as per the education and marriage planning for your child.
Guarantee 2 – Guaranteed Death Benefit on the life of the parent and the child.
Guarantee 3 -Guarantee of waiver of future premiums and the policy continues in in the unfortunate event of the demise of the parent.
Guarantee 4 – Guaranteed long term protection (30 years) for your child after the Guaranteed Maturity Benefits are paid.
Source – inglife.co.in