Young parents would agree, raising a family is challenging and rewarding at the same time. Parents need to do a lot of things at once, like caring for the child’s health, planning his rudimentary and higher education, and many others.

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HDFC Life Sanchay Plus plan. While all the other methods only raise the fund, HDFC Life Sanchay Plus offers savings and life cover. 

HDFC Life Sanchay Plus’ plan has 4 options–

• Guaranteed Maturity Option (Equal to guaranteed sum assured on maturity plus accrued guaranteed additions)

• Guaranteed Income Option for a fixed term of 10 or 12 years.

• Life Long Income Option – Guaranteed income up to the age of 99 years and a return of total premiums paid at the end of payout period

• Long Term Income Option – Guaranteed income for a fixed term of 25 or 30 years and a return of premium at the end of payout period

For complete details on the above options you can visit the HDFC Life website 

Buying the HDFC Life Sanchay Plus will also help you save tax. 

To conclude

Now that you know how to save for your child’s future education, take diligent steps in choosing the right way. For expert help, visit HDFC Life.

(Disclaimer: Brand desk content)