Invest early: start investing early, so that you will have enough time required to accumulate a large corporus. Consider the various factors: Since child insurance plans are long-term investment plan, you need to evaluate multiple economic factors like inflation, cost of living in future and future educational expenses before purchasing a plan. This will allow you to understand the amount of money you need to secure your child's future. Terms and conditions: Try and understand the terms and conditions mentioned in the policy documents and read the fine prints. Look for hidden charges and the additional riders offered. This will allow you to understand the features and benefits of the plan. Premium waiver benefit: The policies come with beneficial riders like waiver of premium. this facility allows the insurance company to waive the policy premiums in case the insurance buyer dies prematurely. Thus this helps the child receive the complete policy sum assured on maturity.