When you hold your baby
for the very first time, you will realize that this little bundle of joy is
your biggest responsibility. Hence, as a parent, your primary duty is to secure
a child’s future and the best way to do this is to invest in the best child
insurance plan online. This policy offers financial security for your child and
also provides the benefits of investments. Below are five excuses why people
should buy child plans online:
·
Takes Care of Child’s
Education
All parents are more concern about future of their children and getting
your child’s admission in a good school is really expensive. If parents plan
well and invest in the best online child insurance policy India which matures
during important turning points of a child’s life, then policyholder’s
financial burden will be completely relieved.
·
Habit of Saving
Today, childcare plans are available with dual benefits of investment
and insurance. Before selecting a policy, check your financial strategy and
calculate fund requirement during the different stages of life. Consider how much
you are saving for primary and secondary education, higher studies, marriage,
mortgage etc. Initially, it may seem as a financial burden, but paying
periodical premiums will turn a habit soon.
·
Coverage against
Serious Illness
Buying online child insurance policies become more important for those
who have a family history of some serious illness. The money invested in a child
plan will come in handy as it offers protection against serious
illness.
·
Collateral for Loans
Generally, childcare plans are widely accepted by all banks as
collaterals in case insured want to apply for a personal or education loan for
his or her children. It will be more helpful when your child needs lump sum
money for higher studies.
·
In case of Parent’s
Demise
In case of parent’s untimely demise, the insurance company in India
gives a waiver on the premium on online child insurance plans and the nominee
gets lump sum money and is no longer needed to pay the remaining payments.
[Source: http://blog.policyboss.com/child-insurance-plans/investing-child-insurance-plan-necessary/]
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