Young Assure Plan
Momentum Finserv’s Young Assure Plan is meticulously crafted to provide robust financial security for your child’s future. This traditional savings insurance plan is designed to ensure that your child’s dreams and aspirations are fulfilled, no matter the uncertainties that life may bring. The Young Assure Plan offers a harmonious blend of savings and protection, making it an ideal choice for parents who are committed to securing the best possible future for their children.
Key Advantage - Young Assure Plan
The key advantage of Young Assure is its coverage until the age of 100, ensuring long-term protection for individuals starting at a young age. Here are the key advantages of this plan:
Financial Security
The Young Assure Plan delivers unwavering financial security, guaranteeing that your child's dreams will be safeguarded, come what may. This assurance provides peace of mind, knowing that your child's aspirations are protected.
Savings with Protection
This plan ingeniously combines savings and protection. In the unfortunate event of a crisis, it offers a lump sum payout, ensuring that your child's goals and ambitions are never compromised. It serves as a financial safety net that shields your child's future.
Flexible Premium Payment
Recognizing that financial circumstances vary, the Young Assure Plan empowers you to choose premium payment terms that align with your specific financial goals. This flexibility ensures that securing your child's future remains affordable and convenient, fitting seamlessly into your budget.
How Young Assure Plan Works
The mechanics of the Young Assure Plan are straightforward. You pay premiums at regular intervals, and in return, the plan diligently accumulates a corpus over time. In the unfortunate event of an unforeseen circumstance that may affect the policyholder, your child is entitled to a lump sum payout. However, if you, as the policyholder, successfully navigate the policy term, you are rewarded with the maturity benefit, thereby further securing your child’s future.
Eligibility Young Assure Plan
Young Assure is open to individuals seeking lifelong financial security from a young age, allowing them to build a robust financial foundation:
- Minimum Entry Age: 18 years
- Maximum Entry Age: 45 years
- Policy Term: 10 to 30 years
- Premium Payment Term: Equal to Policy Term or 5 to 10 years
Benefits - Young Assure Plan
Young Assure assures financial support throughout your lifetime, making it an excellent choice for long-term financial planning, especially for the younger generation.
- Death Benefit: In the unfortunate event of the policyholder's demise, the nominated beneficiary receives a lump sum payout. This financial lifeline ensures that your child's future is protected, even in your absence.
- Maturity Benefit: If the policyholder successfully completes the policy term, they are entitled to the maturity benefit. This lump sum payout further cements your child's financial foundation, enabling them to pursue their goals with confidence.
- Tax Benefits: The Young Assure Plan offers valuable tax benefits under Section 80C and 10(10D) of the Income Tax Act. This makes it a tax-efficient investment, allowing you to maximize your savings while securing your child's future.
