Overview
Higher education in India, especially professional courses, is becoming expensive by the each day. The good old days of government support is practically over.
Hence, it is important to plan for your children's education well in advance.
Insurance companies offer policies such as children's money back or endowment, which give a defined payout at a defined period.
Besides, if something unfortunate happens to you as a parent, not only does the child still get the sum assured on maturity, but the interim premiums are also waived off.
However, the return from such policies is relatively quite low, barely covering the inflation.
Hence, it is important to plan for your children's education well in advance.
Insurance companies offer policies such as children's money back or endowment, which give a defined payout at a defined period.
Besides, if something unfortunate happens to you as a parent, not only does the child still get the sum assured on maturity, but the interim premiums are also waived off.
However, the return from such policies is relatively quite low, barely covering the inflation.
Children's Plan Benefits: Basics
Children's Plan Benefits: Opinion
Decision-making Corner
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