Child insurance plans are one of the fastest growing insurance products in India. A child insurance policy is one of the best investment tools to secure child’s future as well as build corpus over a period of time and fulfil investment goals.
A child insurance policy is a combination of insurance and investment that ensures a financially secure future for your child. The child insurance policies are designed in a manner that financially secures the child’s future in case of untimely demise of the parent as well as helps build a corpus over a period of time. These plans provide flexible payouts at important milestones of child’s education. These plans also allow people to achieve their long term investment objectives.
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Child insurance plans help individuals build a corpus over a period of time to secure his/her child’s future. On maturity these plans pay a lump sum amount which can be used to pay the child college fees or marriage expenses. In case of death of the parent/ policy holder, the child/nominee receives the death benefit as promised while purchasing the policy. Listed below are some of the best child insurance plans in India:
Insurance frauds are everywhere. But, insurance frauds happen due to lack of knowledge on the part of customers. Some investors also invest in any scheme that is recommended by insurers. Unscrupulous agents take advantage of the low level of financial literacy in India. Listed below are the ways in which people get cheated while buying insurance plans for their children:
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