A child insurance plan helps parents save money for their child’s future needs like education, marriage, or starting a career. It combines life insurance with savings or investment.
Parents pay a regular premium. If the parent dies before the plan ends, the child still gets money at key stages of life. Many child plans also waive future premiums after the parent’s death, so the plan continues without burden.
The money is usually given in parts—like when the child turns 18 or 21. This ensures the child has financial support at important times.
Some child plans are market-linked like ULIPs, while others are traditional endowment plans. You can choose based on your risk level and financial goal.
Child insurance is a smart way to protect your child’s dreams—even if you’re not around.
