Child plans are insurance cum investment plans that help an individual create a corpus for children's future, over a period of time (policy term). On maturity, these plans pay a lump sum amount which can be used to pay your child's college fees or marriage expenses.
Why you need a Child Insurance Plan?
It is one of the best ways to save enough with regular investments for your child’s future for needs like higher education which can be costly.
Financial protection features in child plans ensure that your child gets the best in the future even in your absence.