Whenever we think about insurance we bring to our minds medical insurance, accidental insurance only for earning members or the senior and often ignore the kids in the family.
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Accidents can happen to children too, on an average one accident occurs every 90 seconds in this country and taking a risk is not an option. It must be terrifying to read this but it’s only a kind request to take responsibility of your children as any parent would be tatters if they find out they can’t help their children lead an adequate life.
All it takes is to get on the internet and compare child plans online and select an insurance plan to secure the bright futures of your children. Most financial planners recommend getting term plans because of the high payout at a low investment. Term plans however end if the person meets and untimely demise, which is why insurance is a better way of investment because it does not end if anything happens to the policy holder and you are freed from paying future premiums and the responsibility shifts to the insurance company to pay the premiums for the remaining term.
Most people do not like the idea of insurance as it is expensive however the maturity value of insurance plans are incredibly high and a person can rest assured with their investment.