As parents, we want to give our children the best possible education and facilities. However, the cost of education, medical treatment, etc., has seen an incredible rise due to the rise of inflation rates in the past couple of years. This often scares the parents and makes them wonder how they will manage their daily expenses and save a lump-sum amount for the future. Moreover, the Covid-19 pandemic has impacted the world and has made us realise the uncertainties of life and the importance of having a financial plan ready in advance.
Investing in the best insurance policy for child gives the parents peace of mind. It ensures that their child is financially protected and can continue to achieve their goals even if the parent is not around to provide a financial backup.
In this article, we will look at the best insurance policy for child parents can consider investing in.