Choosing Alternative Career Path for Your Child?

You may be thrown off track due to inflation, rise in medical costs, global macroeconomic issues, etc., all of which can impact the cost of education. On the other hand, unforeseen eventualities like death, critical illnesses or disability and completely derail your financials and jeopardize your plan. Insurance and medical cover can help shield your child during such times.

The need of the hour is flexibility. Your child's education plan should include all of the following:

1. A life cover

2. Flexible withdrawal facility

3. Regular pay-outs

4. Active fund management

5. Consistent tax savings

A child insurance plan can be your holistic solution to all these needs. A Unit Linked Pension Plan will not only cover your life but also help you grow your money systematically.

Through a combination of flexible investment options, you can grow your corpus to beat inflation. The plan of choice should also protect your money against market volatilities.

Axis Max Shiksha Plus Super Plan can let you customize the maturity age of your policy to sync with your children's educational milestones. If your child is 3 years old, you would need a lump sum by the time he/ she is 18 years old to pursue the career of his/her choice. Hence, your policy period can be 15 years. If there is a change in plan, you can also withdraw money periodically.

With benefits that cover the entire universe of needs, you can be assured that your child's higher education plan is protected; no matter you are around or not, your love always is.

Life insurance coverage is available in this product. In this policy, the investment risk in the investment portfolio is borne by the policyholder.
The linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.

Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Axis Max Life Insurance is only the name of the insurance company and <Product Name> is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns.