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Child Insurance
Buy all kind of Insurance Plans at a Single PlatformProtecting the Young Buds for a Better Life
About Child Plan Policy?
They are tailor-made investment cum insurance option to meet the financial need of a child. There are two components in a child's plan - insurance and investment. The insurance component helps in protecting the child from unfortunate events such as the demise of the parent while investment component helps to meet the financial need of the child through the accumulation of money by investing in various instruments. The child plan insurance cum investment plan which has the task to ensure one's child's financial future as well as finance the turning points in the child's life such as marriage and higher education. It is designed to protect one's child's future in case of the unfortunate death of the person whose child has been insured.
Why choose Child Plan Policy?
One can never be completely prepared for events such as death but one can take actions to make sure that his/her death doesn't affect their child's future. The best course of action to do this is a child's plan which will make sure that the children have enough money for education. This plan can play an important role as a supporter in case someone needs money for the child's education and helps in providing the best possible education for your child without the need of taking a loan. In case someone has a bright and talented child who has gained substantial income at a very young age, this plan acts as a safe investment for the income so one can use it in future when it is required.
Benefits of a Child Plan Policy
How to Select the Best Child Plan Policy?
One's monthly saving will help in determining the premium one could afford to pay at regular basis keeping in mind the inability in paying the premium can lead to a lapse in the insurance plan which will lead to one not being entitled to any benefits.
If one chooses this option in the plan, in case of his/her death the insurer waives off the future premium while also funding the policy till its maturity. This helps in the child having quality education even when the person who bought the plan is not around.
The education expense can be costly especially when one considers factors like a child going abroad for further studies which are not in someone's hand and one cannot predict if it will happen or not. This uncertainty in the expenses can be avoided by having insurance for a child's education with an adequate cover so that there is enough to cover a child's college.
