A child insurance plan is a combination of insurance and investment which helps in financial planning for your child’s future necessities at the right age. These plans financial secure your child’s future and finance the turning points in his/her life such as higher education and marriage,by delivering flexible pay-outs.Not just this, Child plans also ensure that your child’s future financial needs are taken care of even in your absence.
These plans offer you the flexibility to invest based on your child’s education requirements, your financial status and other monetary goals. It also provides a life cover of around 10 times the annual premium, which is a lump sum payment at the end of policy term. Additionally, it also offers partial withdrawal facility when needed.