In recent years, India has witnessed incredible growth in the number of personal loans and the number of Individuals availing of instant personal loans. While the year-on-year growth of personal loans has reduced due to several reasons, the actual loan sum has crossed ₹40 Lakh Crore and is still growing at a rapid rate, whether due to need or as a tool to achieve goals and dreams. This level of popularisation and growth in the usage and availability of urgent loan apply online is made possible through various instant personal loan apps such as Stashfin. Keep reading to find out. What is an instant personal loan, and how does it work? An instant personal loan is a credit of money borrowed from a bank or a non-banking financial company in exchange for interest repayment in addition to the principal sum in a monthly payment referred to as an equated monthly instalment or EMI. As personal loans are typically unsecured, they do not require any collateral as security and do not have any specific conditions for use, unlike home loans or auto loans, thus making it a lot easier to use for emergency expenses, consolidate loans with higher interest rates, fulfil your dreams, etc. What are the eligibility criteria for instant personal loans? Depending on the specific lender, there are several different eligibility criteria for instant personal loans in India. These criteria range from the ages of the individuals to minimum income, existing liabilities, etc., and should be considered whenever planning to avail a personal loan. Here are some of the key eligibility criteria for availing a personal loan from Stashfin, one of the renowned lenders in India, offering instant credit to its customers from anywhere at any time, right from its app. Citizenship- Indian Citizen Age of the borrower- At least 18-years old Minimum monthly income- At least ₹15,000 per month Good credit history Good credit score Job history at the organisation Last 6-month bank statements (Proof of finances) Proof of income tax submission Proof of business ownership and continuity (If a business owner) Audited financials from the last two years (If a business owner) Office address proof (If a business owner) Why are salaried employees preferred for instant personal loans? Whether it is due to steady income flow, higher perceived savings, greater reliability for repayment of unsecured loans, or better credit scores due to timely repayment of prior loans, individuals availing instant personal loans for salaried employees are more likely to be preferred. This is because compared to unemployed individuals or those who are self-employed and might not have a steady income stream, salaried employees are more likely to repay the loan and not become non-performing assets or NPAs after not making repayments for at least 90 days. Do note, however, that this preference does not mean that all salaried employees will be eligible for loans, and neither does it indicate that non-salaried employees will be ineligible for loans. In fact, unemployed individuals can also avail themselves of an instant personal loan by putting up collateral as security or having a cosigner eligible for the loan. How do you apply for a personal loan for salaried employees? Once you know the eligibility criteria to avail of a personal loan for salaried persons and have gathered the necessary documents, you can follow the given instructions to apply for a personal loan for salaried from anywhere at any time, whether it is from the convenience of your home or at a store looking to purchase the items of your dreams without having to pay high credit card interest rates. Download the Stashfin application from the Google Play Store or Apple App Store. Open the app and log in using the phone number and email address where you want all correspondence to occur. Complete your KYC to determine how much loan you are eligible for and apply for it based on your specific needs. Once your application is submitted and the loan is approved, you will receive the amount in your account within just a few hours. Conclusion Whether you are a salaried employee or a business owner, loans are a mechanism not just in times of need but also as a mechanism to achieve your dreams as long as the borrowing is within your means. By ensuring responsible borrowing, you can receive the funds you need to fulfil your requirements and not have to worry about having to pay back the loan.
As human beings, it is natural to dream and want to achieve greatness and success, whether it is for oneself and to better one's life or to build a brighter future for their next of kin. There are many opportunities to spend money on better schools, larger homes, bigger cars, and lavish weddings, but in recent years, whether due to inflation, taxation, or any other factor, it has become increasingly difficult to save money or have the adequate financial means to fulfil these dreams. This is where opting for an instant personal loan online from a reliable lender such as Stashfin makes the difference. It enables you to take charge of your finances and achieve your dreams in a much simpler, quicker, and more efficient way. This article explores the world of personal loans and compares the former with top-up loans to help you choose the right loan for your specific needs. What is a personal loan? A personal loan is a sum of money borrowed by an individual in exchange for paying back the principal amount and a charged interest rate in equated monthly instalments (EMI) over a pre-determined period. For example, getting a personal loan for ₹1 Lakh at an interest rate of 12% for three years will result in an interest amount of ₹19,572 in addition to the principal sum of ₹ 1 Lakh with an EMI of ₹3321 per month. Many people prefer instant personal loan online India due to their flexibility of use, quick disbursement, fixed tenure and EMI, and no collateral. Personal loans are typically unsecured, meaning that while the interest rate is higher than a secured loan, the borrower does not have to set up collateral as security. Thus, they can fearlessly get a loan without having to have collateral such as a home, car, or gold to set up as security in the first place. What is a top-up loan? A top-up loan is an additional loan that can be taken on top of an existing loan. This additional sum, along with the interest payable, is added to the outstanding balance remaining to be paid, and the repayment duration can be extended depending on the remaining tenure of the existing loan. This is beneficial in a number of ways; it does not add another loan to remember, the interest rate can be the same or lower depending on the lender, and the loan tenure can be the same. This is beneficial when facing emergencies or unexpected expenses. What are the differences between instant personal loan online and top-up loans? There are several ways in which an instant personal loan and top-up loans differ. Here are the differences one can expect between the two: Factors Instant personal loan Top-up loan Loan repayment duration Fixed loan duration with EMI calculated when getting the loan. The repayment duration of a top-up loan can be extended to reduce the EMI or remain the same with a higher EMI for convenient repayment. Purpose of the loan Personal loans can be obtained for any reason, granting flexibility for significant investments or expenses such as weddings, home renovations, medical expenses, etc. Top-up loans are typically used to deal with emergencies and unexpected expenses such as hospitalization. Interest rates The interest rates for personal loans are typically higher due to being unsecured. The interest rates for top-ups can be the same as those on existing loans or lower, depending on the lender's relationship. Loan amount The loan amount an individual can get depends on their needs, their financial history, credit history, credit score, replayability, debt-to-income ratio and several other factors. The loan amount depends on the outstanding balance of payment, repayment history, individual needs, debt-to-income ratio, etc. Approval process The approval process for instant personal loan online India varies depending on the lender's policies, fulfilling eligibility criteria, etc. The approval process is much easier and quicker, allowing for a more efficient process. Where to get an instant personal loan online India and top-ups? Individuals looking to get personal loan online instant approval can look for reliable lenders with a good name in the industry, such as Stashfin. Stashfin is a leading name in the industry, offering instant personal loans of up to ₹5,00,000 completely online directly from its app within minutes. With an APR starting at just 11.99% and offers such as 0% interest up to 30 days, it makes the perfect partner and lender for loans up to ₹5,00,000. In addition to a personal loan, Stashfin offers top-up loans to its customers to cater to their needs and support them through their requirements, enabling a hassle-free and efficient experience. Do make sure to check out the policies and the app for more details to make an informed decision when getting the top-up loan. Conclusion In 2024, easy loan availability and online personal loan apply has revolutionized the options for individuals by providing them with the necessary means to achieve their goals and fulfill their dreams by taking charge of their finances. With top-up loans over personal loans, it is possible to not just deal with large expenses but also any unexpected expenses, including emergencies. So get the right loan or top-up for your needs and live and achieve your dreams without fear.
Building credit is important for young professionals because it helps you get better financial opportunities in the future, like lower interest rates on loans, easier approval for renting apartments, and even better chances of getting a job. Here are six simple ways to start building your credit: 1. Get a Secured Credit Card: A secured credit card is a good option if you’re just starting to build credit. It requires a deposit as security, usually equal to your credit limit. You can use this card to make small purchases, and as long as you pay off the full balance each month, it will help you build a positive credit history. Over time, this will improve your credit score. 2. Become an Authorized User: You can ask a family member or friend with good credit to add you as an authorized user on their credit card. This means you get to share their credit history, which can help boost your own credit score. Just make sure the person manages their credit well, as any mistakes they make could affect your score too. 3. Pay Your Bills on Time: Paying your bills on time is one of the best ways to build and keep good credit. This includes things like rent, utility bills, and any loans you might have. Some services even let you report rent and utility payments to the credit bureaus, which can help build your credit. Setting up automatic payments or reminders can help you avoid missing any payments. 4. Keep Credit Card Balances Low: It’s important to keep your credit card balances low compared to your credit limit. For example, if you have a $1,000 credit limit, try to keep your balance under $300. This shows that you’re not relying too much on credit, which is good for your credit score. 5. Use a Credit Builder Loan: Some banks and credit unions offer small loan specifically designed to help people build credit, called credit builder loans. You make regular payments on the loan, and once it’s paid off, the money is yours. These payments are reported to the credit bureaus, helping you build a solid credit history. 6. Check Your Credit Report Regularly: It’s important to check your credit report regularly to make sure everything is accurate. You can get a free credit report from each of the three major credit bureaus (Equifax, Experian, and TransUnion) once a year. If you see any mistakes, you can report them and get them corrected. By following these simple steps, young professionals can build strong credit that will help them in the future. Good credit management leads to better financial opportunities and greater peace of mind.
In the current times, managing financial risk is of utmost importance as we all have witnessed the Covid-19 phase in our lives. This pandemic has guided each and every individual that life is unpredictable. However, two essential insurance products designed to ease down such risks are loan protection policy and critical illness insurance. At Stashfin, you can avail of both of them with just a single tap. Today, in this article, let's dive deep into these policies and understand their perks. Loan protection insurance It is largely an insurance plan that tends to cover mortgage repayments during emergency conditions. For example, in case you die, emerge as disabled, or lose your task, it guarantees that payments are made for a hard and fast duration. This protects your credit score, eases the load to your family, and allows you to be cognizant of restoration. Even though it's miles evident that there may be a value, the peace of thoughts this insurance offers is quite invaluable. Peace of Mind Knowing that your debt obligations will be met even if you encounter financial difficulties offers a sense of relief. This allows you to focus on recovery or job hunting without the added stress of unnecessary worrying about online fast loan repayment. Family Protection In the unforeseen event of death or critical illness, loan protection plan ensures that your family is not left with any financial burden. This can be particularly important if you have dependents who rely on your monthly income. Credit Score Protection If, by means of any risk, there's a default on mortgage reimbursement, it affects the credit score of the borrower in a very bad manner. Therefore, this sort of coverage ensures that the debtors preserve very good credit records. Critical Illness Insurance It is a type of health insurance that provides a lump-sum payment if the policyholder is diagnosed with a severe illness listed in the purchased policy. This payment can be used to cover medical expenses, supplement lost income, or handle any other financial needs that arise due to the illness. Financial safety This is one of the top benefits. It is a well-known fact that when suffering due to an illness, medical bills can quickly pile up. Therefore, insurance provides a lump sum payout upon diagnosis, regardless of the actual treatment cost. Peace of Mind This is manifestly a disturbing scenario. However, whilst you are conscious that you have monetary protection due to the critical illness insurance policy, it considerably reduces your stress and anxiety. Tax Benefits In our country, premiums paid toward crucial infection insurance are tax-deductible. This falls under the Section 80D of the Income Tax Act. Why Stashfin? We at Stashfin have one goal in mind: to offer the utmost ease and accessibility to all our potential customers. Our application is available on both the Play Store and the App Store, and we are also one of the leading personal loan providers. However, here is a step-by-step guide on how to avail these insurances from us: Visit our official website On the home page, click/tap on the Insurance section Choose the Insurance type which you want to avail Click/Tap on Buy Now You are good to go! So, if you want to avail the best critical illness insurance policy or loan protection insurance, then visit our website today! Final thoughts All in all, both these policies offer unmatched valuable protection but cater to different needs for obvious reasons. LPI safeguards your instant loan in case of unforeseen events, while the other policy i.e. the critical illness policy provides a financial buffer during a critical illness.
Investing wisely is crucial for financial stability and security. Whether you're a cautious investor or willing to take on more risk, India offers a variety of investment options. This guide breaks down some of the best investment choices for 2024 into three categories: low-risk, medium-risk, and high-risk investments. Here’s how you can start your investment journey: Low-Risk Investments Low-risk investments are ideal for those who prefer stability and minimal volatility in their portfolio. These investments typically guarantee returns and are popular among retirees or those nearing retirement. Fixed Deposits (FDs): Known for their safety, FDs offer guaranteed returns without market fluctuations. Your principal amount is secure, making FDs a dependable option. Public Provident Fund (PPF): Backed by the government, PPFs offer risk-free returns. Interest rates are revised quarterly by the government, ensuring steady growth. Money Market Funds: These short-term debt funds invest in various money market instruments, providing good returns with high liquidity over a short period. Municipal Bonds: Issued by local government bodies, these bonds finance public projects. They offer a safe investment with steady returns. Treasury Bills: Issued by the government for short-term funding, these are considered very safe but offer lower returns compared to other instruments. Medium-Risk Investments Medium-risk investments offer a balance between risk and return. They are suitable for investors looking for higher returns than low-risk investments but still want a certain level of security. Balanced Mutual Funds: These funds invest in a mix of stocks and corporate bonds, providing a balanced approach to growth and income. Debt Funds: These mutual funds invest in fixed-income securities like bonds and treasury bills, offering stable returns with lower risk than equity funds. Dividend-Paying Stocks: These stocks provide regular dividend income, making them a reliable source of income protection with potential for capital appreciation. Exchange-Traded Funds (ETFs): ETFs trade like stocks and invest in a diversified portfolio of assets, making them a flexible and appealing option. Corporate Bonds: These bonds are issued by companies to fund their operations. They offer higher returns than government bonds but come with slightly higher risk. High-Risk Investments High-risk investments are for those willing to accept significant volatility for the potential of high returns. These investments are suitable for savvy investors with a high-risk tolerance. Direct Equities: Investing directly in stocks offers the potential for high returns but comes with substantial risk. Equity Mutual Funds: These funds primarily invest in stocks and are suitable for those who understand market dynamics. FOREX Trading: Trading in foreign currencies can be profitable but is highly speculative and volatile. Hedge Funds: These funds invest in a variety of assets and use complex strategies. They offer high returns but are also high-risk. Conclusion Achieving financial stability requires more than just saving; investing is essential. This guide provides an overview of various investment options in India for 2024. Depending on your risk tolerance, you can choose from low-risk, medium-risk, or high-risk investments to build a balanced and secure financial future.
When it comes to investing, having a mix of different types of assets is crucial. Stocks can offer high returns, but they come with significant ups and downs. Corporate bonds, however, provide a more stable and predictable income stream. Here’s a simple guide to understanding corporate bonds, their benefits, risks, and how to invest in them. What are Corporate Bonds? A corporate bond is a cash loan you give to a company. By buying a corporate bond, you're lending money to the company for a specified time. In return, the company pays you a fixed interest rate regularly and promises to return your initial investment, called the principal, when the bond matures. Key Features of Corporate Bonds Maturity Date: This is the date when the company returns your principal. Bonds can mature in a few months or many years. Coupon Rate: This is the interest rate the company pays you, usually every six months. Credit Rating: This shows the bond's safety level. Higher ratings (like AAA) mean less risk, while lower ratings (like BB) mean more risk. Yield to Maturity (YTM): This is the total return you get if you hold the bond until it matures. Callable Bonds: Some bonds allow the company to pay them off early. Benefits of Investing in Corporate Bonds Regular Income: Bonds provide steady interest payments, making them a good choice for those who need regular income, like retirees. Diversification: Adding bonds to your investment mix can balance out the volatility of stocks, reducing overall risk. Capital Preservation: Bonds are typically less volatile than stocks, which helps protect your initial investment. Higher-rated bonds are particularly good at this. Higher Returns: Corporate bonds can offer better returns than savings accounts or CDs because they involve more risk. Inflation Protection: Some bonds have interest rates that adjust with inflation, helping to maintain your purchasing power. Risks of Corporate Bonds Default Risk: The main risk is that the company might fail to make interest payments or repay the principal. Interest Rate Risk: If interest rates rise, the value of your bond might drop because new bonds could offer better rates. Liquidity Risk: Bonds aren’t traded as often as stocks, so selling them quickly can be difficult. Call Risk: If a bond is callable, the company might repay it early, forcing you to reinvest at a lower rate. Conclusion Corporate bonds can be a solid addition to your investment portfolio, offering a reliable income and lower risk compared to stocks. However, it's essential to understand the associated risks and select bonds that align with your financial goals and risk tolerance. This approach can help you achieve a more balanced and secure financial future.
While we plan something in our life, surprising activities might disrupt its stability. In such conditions, debt can become a burden, mainly if the loans are of huge amounts. This is in which Loan Protection Insurance steps in as a protection tool, providing whole peace of thoughts by safeguarding your budget to some point during such tough instances. Today, in this article, we'll apprehend how this facility works, its top benefits, and why you have to go with Stashfin for such a facility. What is loan protection insurance? What are its top benefits? As the term suggests, it is basically an insurance plan that covers loan repayments during emergencies. For example, if you die, become disabled, or lose your job involuntarily, it ensures that payments are made for a set time period. This protects your credit score ultimately, eases the burden for your own family, and allows you to be cognizant of restoration. Even though it's far obtrusive that there may be a value concerned, the peace of mind and monetary protection LPI gives may be invaluable. Peace of Mind Knowing that your debt obligations will be met even if you encounter financial difficulties offers a sense of relief and peace of mind. This allows you to focus on recovery or job hunting without the added stress of worrying about loan repayment. Family Protection In the unforeseen event of death or critical illness, loan protection ensures that your family is not left with the burden of your debts. This can be particularly important if you have dependents who rely on your monthly income. Credit Score Protection If, by any chance, there is a default on loan repayment, it impacts the credit score of the borrower in a very negative way. This makes it hard for them to secure credit in the future. Therefore, this type of insurance ensures that the borrowers maintain a good credit history even during difficult times. Financial Security One of the significant advantages of a loan protection plan is the financial security it provides. In tough times, when borrowers might be unable to meet their loan obligations due to health issues or job loss, insurance coverage prevents defaults and potential legal complications. Why Stashfin? As one of the leading personal loan and insurance platforms, we offer various types of insurance with a single tap on your smartphone. Visit our official website On the home page, tap on the insurance section in the header Go to loan protection Out of the four options, choose Loan protection Buy now! The premium amount here is only Rs 999/-, which is to be paid for 12 months. It offers coverage of up to Rs 2,60,000/-. What's Covered Complete protection of your outstanding Loan: Up to 1,00,000 mWallet + UPI Fraud Protection: Up to Rs. 50,000 Protection in case of offline, online, and digital fraud Emergency Cash Advance: Hotel bill settlement in India and abroad up to the limit specified (India and Broad) Emergency Services: Return transportation to the base location (India and Broad) Convenience: Hassle-free replacement of PAN 24X7 Assistance: Always there to help you What's Not Covered Charges which are not being reimbursed by Banks or Financial institutions Forgery: loss incurring directly or indirectly from an act of forgery Intoxication: loss incurred while under the influence Please refer product T&C for a complete list of exclusions Final thoughts Securing the best loan protection insurance is a proactive step towards financial stability and peace of mind. Keep in mind that the right insurance policy not only safeguards your financial health but also provides a safety net that allows you to navigate ups and downs with confidence.
Personal loans, also known as an instant loan online, one of the most trending financial assistance in 2024, act as a lifesaver for various needs. From consolidation of debt to funding a dream trip to purchasing the latest gadget, you are free to use the loan amount for any personal purpose. At Stashfin, when you opt for a personal loan, you are in for a smooth ride. This is simply because we offer such loans without charging any rate of interest. Yes, you heard it right. This means that you have to pay us back the exact amount you eventually borrowed from us. What is a personal loan? Why are more and more people inclined towards it? As the term implies, it is basically an Instant Loan Online that offers financial assistance to individuals who want to fulfill their personal needs and objectives. It can be debt consolidation, purchasing a new smartphone or even going on a vacation with your family. Moreover, availing yourself of this facility is as easy as ordering pizza while sitting in your comfort zone despite the harsh weather. Download our application, apply for a loan, and you are good to go. Easy and convenient In the current digital era, convenience is everything! Individuals don’t want to go anywhere and enjoy everything from their cocoon. This helps them save a lot of time, money, and energy, as there is literally no need for physical visits anywhere for a personal loan apply. Improvement in CIBIL score Once you have availed yourself of this facility, make sure that you have a proper repayment plan to pay it off on time. This is simply because it enables you to improve your ongoing credit score, showcasing you as a responsible and good borrower. Fixed Monthly Payments Such types of loans, which are quite trending these days, come with a fixed and predetermined repayment schedule. This means you’ll have a set monthly payment amount throughout the tenure. The advantage here is that the potential borrower here is well aware beforehand only how much they have to shell out every single month from their expenses. Stashfin Rate of Interest on Personal Loan Quick Cash 2024 If you are planning to use this facility from us, you need to be aware that we don’t charge any interest, as mentioned above (terms and conditions apply). We offer interest-free loans, so one can easily plan to use this facility and repay it efficiently. Our application is available on both Play Store (Android) and iOS (App Store), and one can even apply on our website. Here is a step-by-step guide on how to apply and the eligibility criteria: Download the app from the Play Store/App Store Sign up using your mobile number Add your personal details to check your credit limit Complete KYC, and you will be good to go! (Tip: Try to use a Personal Loan Emi Calculator before availing this facility.) Aadhaar Card PAN Card Last six months’ complete bank statements Indian Citizen residing in India Age above 18 Current Employment proof Monthly salary of Rs 15,000/- Bank Account Valid Identity Address Proof Once you have checked all the pointers, no one can stop you from availing this Lowest Interest Rate For Personal Loan which is literally 0%. The moment your application is approved by our team after scrutinization, the amount will be credited to your account within no time. Final thoughts Rate of interest undoubtedly plays a very crucial role when you are planning to get Personal Loan Online Instantly. Therefore, if you are planning to go for such a facility, join hands with us and download our app.
In the current financial landscape, credit tracking has come to be a vital issue of maintaining financial fitness. In our country, in which financial attention is developing in a rapid manner, knowledge of the way to correctly screen your credit score is vital. Moreover, more and more people are inclined towards instant credit line apps.Credit In this article, we will cover all the aspects of such monitoring and, most importantly, some essential dos and don'ts of credit monitoring in India to help you manage your credit effectively. What is credit monitoring? What are its advantages? As the term suggests, credit monitoring is basically a service that tracks your credit report and alerts you to any essential changes. It's like having a tight lock on your financial identity. Early warning system Identity robbery is not unusual in recent times. It occurs while someone steals your information to open debts or make purchases on your name. Credit tracking can discover such suspicious hobbies, and with timely detection, you may take short movements to cut down on the damage. Keep an eye on errors and inaccuracies Credit reports aren't perfect and sometimes contain errors. This type of monitoring can help identify these errors, improve one's credit score, and make it easier to qualify for an Instant Credit Line Online and even other forms of credit. Complete peace of mind Knowing you're actively monitoring your credit can give you peace of mind at all times. This way, you can be more confident that you'll be alerted to any suspicious activity and can take certain actions to address it quickly. Dos and Don'ts of Credit Monitoring Dos Regularly check credit report One of the most important aspects here is to keep a regular eye on your report. In our country, one can avail a free report once a year. By reviewing reports in a periodic manner, one can ensure that all the information is accurate and up-to-date. Report Errors (if any) immediately If with the aid of any danger you come upon any mistakes on your credit score record, it's essential to report them right away. Common errors can consist of incorrect personal facts, money owed that do not belong to you, or misguided account info. Correcting errors directly can save you harm to your credit score score. Stay up to date about financial scams With the upward thrust of digital banking in the modern-day technology, financial scams have grown increasingly with time. Therefore, it's essential to stay knowledgeable about modern-day scams and fraud techniques to guard your non-public (personal) data. Moreover, if you are looking for a credit line, go for Stashfin’s Fast Cash Loan App. Don'ts Don't ignore your report Ignoring your credit report can lead to undetected errors or fraudulent activities that can damage your credit score. Therefore, make it a habit to review your report at least once a year. Avoid sharing credit info Protect your personal and financial information at all costs, as it is important in preventing identity theft. So, be alert and cautious about sharing your credit information. Furthermore, use secure websites and be wary of phishing scams. Don't Apply for Multiple Credits at Once Applying for multiple Credit Line Loan or credit cards within a short time frame can lead to multiple hard inquiries on your report, which can lower your credit score. Final thoughts Effective credit monitoring is quite a proactive approach to maintaining your financial health. By following these dos and don'ts, one can easily ensure that your credit remains on point and your score stays healthy. Lastly, if you are on a hunt for a Credit Line App, Stashfin is your best buddy!
In our country, education is undoubtedly a stepping stone to social mobility and a brighter future. Here, for parents, planning the best education for their infant is paramount amidst the rising cost of education. This is where the Child Education Insurance Plan (CEIP) steps into the game! It offers a very structured and secure way for parents to save their child’s educational needs. Today, in this article, let’s dive deep into the key reasons why Indian parents opt for this plan. What is a Child Education Insurance Plan? Why do people opt for it? As the term suggests, it is basically a financial tool in our country to secure your child’s education. In this format, you tend to pay premiums regularly, and the plan guarantees a lump sum payout at maturity to certain cover expenses like college fees. Moreover, if you pass away, the policy often continues paying, ensuring adequate funds for your child’s education. CEIPs offer tax benefits and come in various forms to fit your needs. Planned Savings This policy encourages a habit of consistent saving. By paying premiums consistently over a set time period, you tend to create a steady flow of funds for your child’s bright education. Assured Maturity Benefit & Peace of Mind Similar to endowment plans, CEIPs offer a guaranteed maturity benefit upon policy completion. This acts as a corpus specifically designated to cover education-related expenses. Knowing that you are backed up by the best child education insurance plan in India offers immense peace of mind! Protection Against Unforeseen Events Life is unpredictable. A major pro here is the built-in life cover for the parent so therefore, in the unfortunate event of the partent’s passing, the policy often continues to receive payouts as mentioned above. This financial protection acts as a safety net for the child's educational aspirations. Tax Benefits CEIPs offer attractive tax benefits. This falls under the Section 80C of the Income Tax Act, 1961. The premium paid towards the plan is partially deductible from taxable income, offering tax relief to parents. What are the details of Child Education Insurance Plans? If you are planning to avail this facility, Stashfin instant personal loan is here for you. You can avail ths facility by paying a premium of Rs 599/- only and get coverage upto Rs 2,00,000. The tenure here is 12 months. Inclusions In case of death or partial total disability of the end user, the policy provides coverage. Child education expenses for the user will be covered up to 2 lacs under this policy. Exclusions The policy excludes coverage for individuals whose occupation involves hazardous activities. Examples of such activities include working with explosives, underground mining, or dealing with electrical installations with high tension supply. Individuals engaged in these occupations are not eligible for the coverages provided by this policy. How to avail this facility from us? With just four simple steps, you are good to go to avail the best insurance for child education from us Visit our official website On the home page, click/tap on the Insurance section Choose Child Education Protection Click/Tap on Buy Now Final thoughts CEIPs offer a powerful combination of benefits for parents in our country and are a must-avail deal. They promote disciplined saving, guarantee a lump sum for education, and protect your child's future in case of unforeseen events. By carefully considering your needs and comparing plans, you can find a CEIP that empowers you to invest in your child's brightest future. So, what are you waiting for? Explore Stashfin today for child education insurance!