Every parent wants their kids to get the best of education at any cost. If cost is not a factor, they should be saving the right way for their kid’s education needs. There are insurance plans in the market that are structured in a way that they help in meeting the education need of the child. Only a child insurance plan can ensure that funds as per the requirement and as and when required by the child can be accumulated. In the event of the insured parent’s death, the plan ensures that the desired sum is given to the child at the desired age, not earlier or later. Also, in the absence of the insured parent, the insurance company starts funding the policy. This ensures that the plan to save for child needs does not get derailed.
If you are looking to save for kid’s education, get it confirmed through Child plan with WOP. Only child insurance with waiver of premium feature helps you meet child education need at the right time and with the right amount.
This story is from the March 2020 edition of Investors India.
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This story is from the March 2020 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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