Child Insurance Plans are the best weapon to fight against the rising cost in India. Children plan are definitely worth buying to secure child’s financial future.

Niraj Jain CEO of Bonsai Insurance, broking firm that launched India’s first online portal www.insurancemall.in said,” Children plan are always been popular in India, but its importance has increased significantly due to the rising inflation and its particular effect on educational cost.”

Benefits of Child Insurance Plan:

1) Children Life Insurance Policies are the most affordable policies as compared to any Life Insurance Policy.

2) Children plan are insurance cum investment plan which are similar to ULIPs. Though the difference between them is that parent starts investing in children plan right from the birth of child and can withdraw the savings once child reaches adulthood.

3) If parent dies family gets the assured lumpsum amount. But the policy doesn’t get terminated, it keeps continue with insurance company paying the premium till maturity. So in effect your plan helps to create a corpus for your child remains intact.

4) Children policies ensure a disciplined saving mode for your child’s future. The returns which you get on children policies are tax-free, there for you need not worry about taxes.

In India almost every life insurance company has their Children Plan. So it is always better to choose plan after doing some research.

Following are the names of popular Children Plans in India:

You can compare plans of different insurance companies like what are benefits available, what is the cost. You always get the free quotes from online which will give you clearer picture.

Know more about the Child Life Insurance Policies and Get Free Quotes right now.