help create a corpus for crucial stages in the child’s life
Child insurance has grown and evolved as a concept and is a sophisticated investment instrument these days. With the buzzword doing the rounds all over, what do you need to know in terms of understanding its basics and making full utilization of what it has to offer?
This is a specially floated tool that is meant to give your child the freedom and the financial power that he or she may require at different distinct stages of life. Whether you are looking at higher education, studies abroad, or having them settled in life, there are opportunities available for the different stages and through well-defined policies.
Whether you call it a necessity on account of competition or willingness to cooperate to different customer needs on the part of the service providers, the fact is that customers have much to gain out of this enticing financial package. Child insurance is not a fixed proposition but is flexible to suit your interests and needs.
That is the way you add value to the investments that you have made. You could opt for Waiver of Premium rider, for instance, or a host of other riders available, to make them tailor-made to your requirements.
As is always the case, the earlier you set off on your road to investment, the better would it be in terms of managing risks and maximizing returns.