Invest in Your Child`s Future

For all parents, their children are definitely the most important part of their lives, in which they not only invest emotionally, but financially as well. In order to make sure that the future of your child is safe and secure, it is better to get a child insurance plan. An insurance policy for your child will provide you with the peace of mind that you need these days. It will help you stay away from worries like, “how are we going to afford his/her education expenses”, “who will take care of our child if something happens to us”, etc. For this reason, it is better to do a little research, choose an appropriate policy and invest in the same.

Below, we have jotted down some valid and practical reasons why one should go for a child insurance policy. Do take a look.

Reasons to Go For Child Insurance Policies


In today’s time, getting education from a reputed or premier institution has become an absolutely important factor–especially if you wish your child to be successful in his or her career. However, the fees associated with premier institutions are definitely higher in comparison to those of their lesser known cousins. Many students end up getting disappointed every year as their parents are unable to meet the high financial requirements of such institutions. For this reason, it is better to get prepared as early as possible, and an insurance policy for your child is the best way to make it happen. In fact, if you plan to go for an education loan, you will end up paying a lot more in the form of interest. Nowadays, the rate of interest charged by the banks is quite more in comparison to that of home loan or car loan.

Medical Emergency Aid

Serious illness or accidents can happen anytime, without any prior information. Every year we come to know about the rise of some serious health issues and diseases affecting people in different parts of the world. So, to make sure that you do not fall short of money during the time of an unfortunate event, and your child gets the necessary level of medical attention when required, it is important to protect him or her with a good insurance policy.

Unexpected Demise

Life is quite unpredictable, and you do not know what is going to happen the next day. Even though we should always think positive, it is still important to be on the safe side and empower your child’s future with an insurance policy that can provide him/her with the necessary amount of financial support in case misfortune befalls your family. These days, insurance companies offer policies that come with premium waiver scheme. It means that upon the death of the parents, the child will be eligible to receive the policy amount without the need to pay any premium.

Way Forward

Another major benefit that you can get from your child’s insurance policy is that you can keep it as a mortgage to obtain secured loans. Most banks accept insurance policy papers for offering loans. When choosing an insurance policy for your child, it is better to compare them with the help of online comparison chart. Cash value and premium rates (floating/fixed) are the two main aspects that you need to compare in order to find the best policy. Try to get a policy that offers high cash value, and go with fixed premium rates if possible – you will not be disappointed!

Harjot Singh Narula

Harjot Narula is founder and CEO of, an IRDAI approved insurance web aggregator focussed on selling online insurance for companies. Harjot has more than a decade of experience in software development and has also spent 5 years in US working for the mortgage and risk management industry.

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