Just see the world with the holy heart

An Introduction to Child Insurance

With rising cost of living, it has become imperative for parents to plan for the future needs of their child at the earliest. Many parents start with the planning task when the child is in the womb. This helps them take care of any certain or unforeseen financial burden with ease without compromising on the interest of their child.

Child insurance is one such option that helps you in planning and securing your child future at any time. There are a number of insurance companies offering policies to suit your child's growing needs. Child insurance is a great option because taking out a small amount of premium from your monthly or annual income will not affect your other needs, and you won't even come to know how conveniently you collected a pool of money for your child's benefit.

A number of benefits are covered under this type of insurance. For example, education, health, medicine, and marriage are the common ones. However, generally one has to take a separate policy for each benefit. Every policy has different terms and conditions suiting different customer needs.

Some policies provide a guaranteed amount of lump sum money at the end of the policy tenure. They are commonly known as child endowment policies. Similarly, child money back policies work like an income plan where at periodic intervals guaranteed or non-guaranteed amount of money is paid to the insurance holder to help him meet various demands like admission fees, coaching classes, etc. from time-to-time. These days Unit Linked Insurance Plan (ULIP) has become popular. They are high-risk and high-return plans normally taken for a long tenure.

Every policy has a different growth rate that varies directly with the level of market risk involved. Policies with guaranteed returns, for instance, are less growth-oriented than the ones with varying returns like ULIP. Some of the policies also have a security feature according to which an assured sum of money decided in advance is payable in the event of the unfortunate death of the parent. Moreover, all future premiums are waived off.

You can take a policy depending upon your desired policy tenure, amount of premium, and the benefits covered. As there is a cut-throat competition among all the insurance companies, you can get the best deal for your child. The health of a child is covered under medical insurance. You can contact your nearest insurance agent to get more details on child insurance.


Check for more on Child Insurance.

Article Source: http://EzineArticles.com/?expert=Jennie_Kakkad

Article Source: http://EzineArticles.com/6607288

1 comment:

Hello (^-^)v

Search Here

Custom Search


accounting airline airplane airways alchemy alien android animal artist automotive baby beatle beauty betelguese blackjack business cancer car car insurance cartoon casino castle caterpillar celebrity cellophane celluloid century change cheap chess child china christmas city claim clinton coffee come from comment computer console cook cookies coral cosplay county credit cards cricket culture dating dead definition design diet disaster divers dofollow domain drive drug dwarf ear earthquake easy education effect egyptian elephants exchange link family fancy-free farming fashion fat finance fingerprint first installed first killed first plastic fish fitness flare flight flower follow your comment food footloose forex free gadget gambling games geology ghost gold goldfish golf Google gossip goverment great wall grow gypsies hair harvard hawaii head header health Healthy Life hear heavy metal herbal herbs himalaya historic sites historical history history of naruto hocus pocus hollywood hollywood sign home honeybee hormon hotels in hollywood how how long human body idea insect Inspire insurance introduced invented invest island japan japannesse jet jewelry job junk ken uston kids kitten knowledge konoha ninjas law Lawyer learn lego liberty bell lion loan logo love lyrics magician magnetic mail mammoth many market meal medical memoriam metal gallium metallica mining miracle mistery money mortgage mosquito mountain move murderer music Music Artist myth naruto history nature navigation neuron star new year news nike nobel prize not a sloution notification obama old olympic online online business orchid ornament other paid to click painite. gem painting party patent pendet dance people pet piranha pizza planet plant poem poker prediction presentation queen railway rare reborn recycle religion retouch river rockwalk romantic salmon scotch sea seat seating sell SEO Space sport star strange moment street study success people sunrise swoosh symbol tape tari pendet tax tea keep technology term tickets tips toothpick tour de france tourism tourist toy travel traveling children trend tsunami tusk twins usa uzumaki naruto vacation vegetable venus video visit Indonesia war water west what are wild wine wolly woman word work wright ಬ್ಲೂ ಚಿಪ್

Popular Posts

Copyright © Vision in memorial. All rights reserved. Template by CB