Child insurance plans suit risk-averse parents seeking assured goals
Last Update Date: 06-10-2026
Published by Business Standard
Abhishek Kumar's role: Quoted
Abhishek Kumar cautioned that traditional child plans may not keep pace with education inflation. He said term cover plus mutual fund SIPs gives more flexibility, and that child plans fit risk-averse parents who value certainty over growth.
More of Abhishek's views on insurance
The article examines child insurance plans, which combine life cover with long-term savings for goals such as a child's education or marriage. It explains milestone payouts and the premium waiver feature, weighs their discipline against modest returns and low flexibility, and lists checks for parents who choose one.
Publisher source
Child insurance plans suit risk-averse parents seeking assured goals