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What is a Child Insurance Plan?
Child Insurance plans are a part of child-specific financial policies, which mostly includes child education plans. The plans focus on paying the life cover as a lump sum amount during the end of policy duration. Apart from the lump sum payout, the plans also come with regular payments during a child's education's important milestones. Generally, the child insurance plans can be customized as it comes with several options to add various riders. It thus improves the plan according to the child's specific requirements.
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6 Child Insurance Plans by Canara HSBC Life Insurance
Child insurance plans are a part of child-specific financial policies, which mostly include child education plans. The plans focus on paying the life cover as a lump sum amount at the end of the policy duration. Apart from the lump sum payout, the plans also come with regular payments during a child's education's important milestones. Generally, the child insurance plans can be customised as they come with several options to add various riders.