Buying a child plan early has its perks. Not only it secures your child’s future but pay-outs at key milestones of your child’s life ensure that their needs are well taken care of. As the plan has a savings component, an early start gives more time to your money to grow, bringing in the power of compounding in the long run.

Note that education inflation is very different from retail, and is growing at an alarming rate. What may seem adequate today can very well fall short tomorrow. With higher education costs expected to jump up by several notches, opt for a sum assured that ensures all future needs of your child, particularly related to higher education are met with ease.

Are you worried about premium payment in case of an untoward incident? Relax! Most child plans, including ours, offer inbuilt waiver of premium benefit wherein in case of the death of the parent, all future premiums are waived off. However, the policy continues with all the said benefits thus ensuring your child’s future needs are taken care of no matter what.

Go through the fine print to get a better understanding of the child insuranceplan. Make sure you pay attention to every minute detail including the inclusions, exclusions and other clauses to make an informed choice.