Tender body and delicate smile, tiny eyes
with shiny dreams, arrival of this new angel in a family changes your life
completely. As a parent now you owe a big responsibility on your shoulders, and
you cannot just fulfil it by changing nappies whole night and wetting shoulder
with saliva. Being parents, means you are asked to shape a life, and a part of entire
generation. A child is dependent on parents emotionally and financially. Hence,
it is only parents who can give a proper shape to a child’s future by providing
him/her strong emotional support and sound financial security. The financial security
ensures that any worse change in parents’ life won’t hurt the future of a
child. While buying child insurance for a child, you have to consider all-round
protection of a child and have to choose a plan accordingly. Several plans are
available under child insurance policy those provide risk cover for different
aspects of child’s life. Let’s learn all of them one by one.
We can broadly divide the child insurance
policy in two categories. One is traditional and other is customized with a lot
of other benefits. Under traditional policy, the insurer gets assured amount
once policy gets mature. However, in customized policy, the child insurance
plan is linked through ULIP. When policy is linked through ULIP, a part of
premium is invested in various investment plans, and with passage of a time insurer
will get lucrative return.
Now as you have learned about two broad
categories of child insurance, let’s learn how child insurance can protect your
child at various stages of life.
Child’s
Health: Health of a child is a primary concern of
parents. Especially, in this new era where parents are educated, they ensure a healthy
lifestyle for a child. However, you cannot avoid few medical problems.
Furthermore, few children suffer from chronicle diseases, which need intensive
care for longer period and of course, hefty some of amount. In such situations
parent wants to avail best medical facilities for their child no matter how
expensive it may be. Child insurance plan supports you financially and ensure
that your child gets best medical facility on time.
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Child’s
Future: Life is uncertain, how long we are going to
be with our children in not in our control, but we definitely can control the
future of a child by providing financial security. Future plan of child
insurance will provide continuous financial support to the child even after
demise of parents, without any further premium. This plan ensures that even in
your absence the child is financially secure and living life you wanted him to
live.
Child’s
Dream: Doctor, engineer, cricketer, airhostess,
actress, and list a goes on and on. Like their vibrant smile, their dreams are
vibrant, too. The growing competition and new opportunities open many new doors
for children. Many of them want to complete their education through foreign universities.
Parents pull their all resources and lifetime savings to fulfil their child’s
career dream. However, it is wise to make small savings from beginning rather
taking education loans. Child insurance assures you that no matter how big the
dream is, child insurance will fulfil them.
Life
Term: The life term plan of
children education will return you amount as per traditional or innovative plan
on maturation of policy. However, if anything happens to a child before
maturity period parents are entitled to receive the cover.
Children are budding plants and flowers,
they will blossom the garden if you secure them from all the anticipated risks those
may break them in an absence of proper planning. Hence, if you wish to see them
growing and blossoming tomorrow, ensure their security today.
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