For a parent, seeing their child happily married is an unparalleled joy. Whether it is the pride of seeing your son bring home a bride, or the bittersweet joy of seeing your daughter start a new life with her husband. But giving your children the wedding of their dreams requires a lot of careful financial planning.
Jubilee Life Insurance is here to help make the marriage of your child easier.
Planning your children’s weddings should be a labour of love, a time when the whole family comes together to see your children start a family of their own. Why not make sure that this precious time is spent in happiness and celebration rather than in wondering how to foot the bills? By helping you plan for the big day, our WedSmart plan allows you to focus on what’s really important: the happiness of your children as they embark on a new journey in life.
You know that your children’s wedding day will be the most important day in their lives as well as your own; a day that all of you will remember forever as the fulfillment of a lifelong dream. So let’s make sure that on that day, your children get the wedding of their dreams! When nothing but the best will do, this is the best plan on offer. Investing in the WedSmart Plus plan is the greatest wedding gift you can give your children, allowing you to grant them the happiness they deserve, and a wedding they will remember forever as the happiest and grandest day of their lives.
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EFU Marriage Plan helps you save systematically so that you can give your child the much-needed financial security for the years to come. The Plan provides a complete financial planning package for you to plan for expenses associated with your children’s marriage. Planning in advance through the Marriage Plan for your child’s or even grandchild’s wedding celebrations allow you to spread the cost over time, giving your savings a chance of significant growth.The Plan provides high value savings, coupled with a guaranteed level of protection and flexibility, with various options to customize the benefits according to your needs.Enjoy every moment with your children today, without worrying about their future tomorrow.
- Provides high value savings, coupled with a guaranteed level of protection and flexibility, with various options to customize the benefits according to your needs
- Built in Continuation Benefit to guarantee the funds for your child’s marriage in future
- Optional Income Benefit ensures that the day to day expenses continue to be met
- Period of the plan to suit your fee requirement
- Hedge against inflation through the Inflation Protection Benefit
Child Education & Marriage Assurance is a plan for the protection of child's future. It provides a lump sum benefit for the child at the completion of the policy term. On completion of term of the policy, full sum insured together with the accrued bonuses become payable to the policyholder. Please click here for the details of bonuses currently available for this plan. If the policyholder dies before completion of the term, a family income benefit of Rs 240 per 1000 sum insured per annum is paid to the child until the completion of policy term. Further, future premiums under the policy are waived and policy remains in force with full sum insured and continues to participate in State Life's surplus and receive bonuses. Upon the completion of policy term, the child gets two options of either getting the proceeds in a lump sum or in five equal installments.
- Continue the policy in the same manner as earlier by switching the plan for the benefit of another child.
- Get a refund of all the previous premiums paid till the death of the child or the cash value of the policy, whichever is higher and terminate the contract.
- Continue the policy without naming another child in which case the benefit of Refund of Premium [as provided above under condition (b)] will not be available.
Daughter’s wedding is always a very special event in every parent’s life and you want to do everything that you possibly can to make it memorable. Savings Plan for Daughter’s Marriage is simple and affordable, and can help you prepare for that big event at an early stage. It ensures that you have the financial power to make your daughter’s dreams come true – whether you are there or not.
They have a few saving strategies to choose from:
- Secure strategy
- Conservative strategy
- Balanced strategy
- Aggressive strategy
- Sharia compliant strategy