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In India, how do you buy child plans online?

Published On Mar 23, 2022 10:30 AM By InsuranceDekho

With so many insurance plans on the market, it might be tough to select one that is suited for a child's schooling. When it comes to child education planning, it's a combination of investment and insurance, with the premium amount invested and the maturity benefit available at the policy's end. The funds can be used to pay for your child's education or other future obligations. However, if a parent dies before the kid, the child insurance policy provides a death benefit to the child depending on the risks. Many insurers provide the option of paying premiums for a specific length of time, such as monthly, half-yearly, yearly, or single pay, to make it easier to use this insurance plan.

In India, how do you buy child plans online?

How Do I Select the Best Plan For Child Online?

There are several kid insurance policies on the market, but many individuals are unsure which one to choose. Each package also includes a host of additional wonderful features and perks. Here are some fundamental concepts to consider while choosing an education plan for your child:

  • Determine the Estimate

Every parent must plan for their child's future costs and take all necessary precautions to ensure their child's safety. Before beginning with an investment in education policy, make an evaluation of the costs involved and settle on a figure.

  • When Is the Best Time to Buy a Policy?

A child education policy should be implemented as soon as practicable. Many experts recommend that you buy a Child plan when your child turns one, because an early investment may help protect your child's future. Furthermore, when your child reaches the age of 18, many plans now provide a maturity benefit.

  • Recognize the Industry

Because a child's insurance policy is a long-term investment, consider factors such as inflation, rising school fees, and so on when choosing a plan to gain a better grasp of the market. It will assist you in determining how much money you will need to invest in your child's future.

  • Look for Policy Aspects

You could check for riders or a partial withdrawal provision, among other things. There are riders for critical sickness, premium waiver, and accidental death and disability, as well as a partial withdrawal provision that allows the policyholder to remove a portion of the policy in an emergency. Premium waiver benefits, for example, provide significant protection to the kid by waiving future premium payments and delivering a death benefit to the child without the need to pay any future premiums.

  • Take a look at your endowment and equity-linked programs.

If you want to invest for a long time, equities may bring significant returns, but they can also be dangerous. If you want to bet on your Child plan, an equity-linked plan is a way to go. If you want stability, consider an endowment plan, which pays out a lump sum after a certain length of time, such as when the insurance matures or the policyholder dies.


Choosing the best child insurance plan for your children is one of the most important decisions you will make in your life. The aforementioned tips will assist you in selecting the best plan from among the different options available. If you adopt the appropriate approach, you might be able to save enough money to cover your child's future college expenditures.

Also Read: Exclusions Frequently Found in Child Life Insurance Policies

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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