According to your own needs and suitability, you can choose from the wide range
of child insurance plans offered by insurers.
A unit linked
child insurance plan which provides for the financial security of the child's future even in the absence of the parent.
Any
good child insurance plan comes with the options of riders at comparatively nominal costs, which you can avail for extra security.
The best
child insurance plan offers a comprehensive life insurance cover along with the extra edge of financial support for the child's future education and career.
Choosing the best
child insurance plan provides payouts to suit your child's key milestones that can ensure a comprehensive protection, even if you are not around.
A
traditional child insurance plan invests your premiums mainly in debt instruments, such as corporate bonds and government securities, and offers guaranteed returns on maturity.
As a beginner, you would know
child insurance plans as insurance - cum - investment products that ensure the security of your child's future in your absence.
In addition,
child insurance plans also provide life insurance cover on the parent's life, thus ensuring financial security to the child in the event of an unfortunate demise of the parent.
A good
child insurance plan gives you the flexibility of spacing out your pay - out so that your child receives the maximum pay out when he or she requires it.
Child insurance plans on the other hand provide financial help, which the policyholder can spend any way chosen, albeit for the good of their child.
The
various children insurance plans accessible in the market, provides a tax advantage as well including serving the basic requirement of a long term insurance plan.
So gift your children a secure future by buying the
right child insurance plan which will fulfill all his financial needs when required.
Thus, getting a lump sum from the policy at the right stage becomes very important and
many child insurance plans can be customized to serve this purpose.
This is the reason a lot of parents prefer
choosing child insurance plans that are created to ensure that their children have a secure and prosperous future.
Children insurance plans behave like a regular life insurance policy and are designed in a way that they meet the needs of a child at certain specific stages.
The above - mentioned details briefly describe the three types of
child insurance plans i.e. the traditional life insurance plan, money back endowment plan and unit linked plan.
The best
child insurance plan extends a comprehensive life insurance cover along with the extra edge of financial support for the child's future education and career.
A unit linked
child insurance plan which protects the child's future financially and also provides market linked returns for capital appreciation.
Similarly, when you choose unit
linked child insurance plans, you can make partial withdrawals whenever you are in need of money in the future.