FAQs

What should I keep in mind while buying a child plan?

When you save for your child's education or marriage, make sure that: The policy has a 'waiver of premium' feature so that, in case of your death, the policy continues and your child's corpus grows undisturbed The Life Assured in the policy is the parent on whom the child is financially dependent. The policy continues until the child reaches the age when the funds are needed you should also consider a plan that gives you a monthly payout to help you pay regular education fees. There are plans in which guaranteed staggered payouts are given during the last 4 or 5 years of the policy to take care of a child’s professional education. So you do not have to worry about higher education fees at that juncture.