What is there to know about child insurance?
What is there to know about child insurance? Life insurance plans are designed to make life easier for their beneficiaries. Life insurers study the problems that a person may face and the financial solutions of devices to alleviate them. One of the big problems that many people struggle with is to provide a solid future for their children. The cost of higher education is really exhausting and is one of the biggest factors that cause stress among parents. To alleviate this problem to a large extent, life insurance companies have devised a specialized plan called child insurance. Child insurance plans have a double benefit for the child. First, they help generate a good corpus by investing the premiums in a fund that can be based on endowments or based on ULIP. Second, they provide live coverage to the parent investor of which the child is the beneficiary. In the case of the death of the insured, the insurance company waives future premiums and continues to invest in that fund on...