Child insurance, unlike life insurance term plan, pays the death benefit if case of policyholder's demise and with the balance premium paid by the insurer, the policy continues. (policybazaar.com)
A standard life insurance term plan is one where the insured person gets a cover against various risks against payment of a certain premium amount. (policybazaar.com)
Unlike traditional life insurance term plans, in child plans, the death benefit is paid if the policyholder dies, and the policy continues with the balance premiums being paid by the insurer. (business-standard.com)