Not exact matches
If you
child's age is from 5 years to 23 years, then you would also have a choice to buy a separate health
insurance policy for your
child or continue with the family floater
policy; as
suitable.
However, if you do not want to venture out too much while seeking investment options, you can stick to a traditional
insurance policy, which will provide you adequate coverage for your minor
child's education, medical expenses, coverage in case ofdemise of either of the parents, and also act as a
suitable collateral for loans taken for higher education.
(c) To the extent necessary to protect an award of
child support, the court may order the obligor to purchase or maintain a life
insurance policy or a bond, or to otherwise secure the
child support award with any other assets which may be
suitable for that purpose.