A look at 4 child plans that parents could consider for their children

Child plans essentially cover the risk of death of a parent or critical illness, in which case no premiums have to be paid and a lumpsum is given to the nominee, which is normally the child. Here are 4 child plans that parents could consider for the security of their child. Investors should seek professional help before investing in these plans and we are only highlighting key features of some of the available plans.

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