Every Parent works to give their child the best possible future, it could be planning for their higher education or investing in their interest or gathering funds for their marriage. With rising inflation rates, investing correctly to ensure you have a good corpus fund when you need it is critical. This calls for a savings strategy that specifically focuses on your child. A child insurance plan is one of the most effective way to keep your child's future secured even when you are not around.
The plan functions by investing the premium you pay in order to give you the sum assured on the maturity date you've selected. This money can be used to fund an expensive degree abroad, starting up a business or anything else that your child may need in the future.
Apart from the sum assured here's what the plan will give you