Child insurance plans if defined in the simple language then these are the plans in which people invest so that they can secure the future of their child financially. These child plans already come with a premium waiver benefit. This premium waiver benefit means that the future premium payments which were pending after the patient died during the tenure of the policy will be stopped.
Despite the fact that these child insurance plans are very important and everyone should invest in the same, there are many myths which are associated with them. Therefore, our today's blog is all about those common myths vs. reality of child plans.