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For the child (account holder) Only a girl child can avail the benefits of Sukanya Samriddhi Yojana saving scheme. The maximum age of this child should be 10 years. However a grace period of 1 year is granted. For the parents- Only biological parents or legal guardians of a girl child can open the account on the child's behalf.
Child life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family against the sudden and unexpected costs of a child's funeral or burial [ 1 ] and to secure inexpensive and guaranteed insurance for the lifetime of the child. [ 2 ]
The illustration shown is a Whole Juvenile Life policy, based on a three-year-old girl and a 2010 dividend and interest scale (combined rate of 6.85%) of an insurance company rated AA+ by S&P and Fitch. [13]
The Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [ 4 ]
(Girl Child Prosperity Scheme) — MoWCD: 2015: Girl child: The scheme under Beti Bachao Beti Padhao primarily ensures equitable share to a girl child in resources and savings of a family in which she is generally discriminated as against a male child. [80] PM Kaushal Vikas Yojana (PM Skill Development Scheme) CS MoSD&E: 2015: Skill Development
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In 2012, it is the first private life insurance company to bring back pension plans under the new regulatory regime, with the launch of two pension plans – HDFC Life Pension Super Plus and HDFC Life Single Premium Pension Super, operating the pension fund business under the National Pension System and is the second largest private pension ...
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