Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Child Insurance Plans - Ensuring a Stable Future for Your Child

By Puneet Subscribe to RSS | December 4th 2011 | Views:
loading
 
  



All responsible parents have obligations to their child. One of the main obligations of parents is to ensure that their children have financial stability. If something happens to the parents, the child must have some type of security. Child insurance plans are one of the most effective ways of providing for the future of a child especially in unfortunate events such as the death of the parents.

Even though there are many child plans available on the market, it can be a difficult task for most parents to choose the right child plan for their child. In order for parents to make the right decision, they need to understand each aspect of planning for their child’s future. The main focus should always be the financial stability of the child. When choosing a child insurance plan, parents should always make sure that they take the education of the child into consideration as well as health insurance and even pension plans for the child. Some parents even take the marriage of their child and the provision of seed capital for starting up a business into consideration when choosing a child plan.

There are a few factors to consider when choosing a child insurance plan. First of all, the age at which the funds will be required for the child will determine the time frame or duration of the plan. Secondly, the amount of funds that parents would like to have available for their child as well as investment capital that they would like to have available for their child will determine the type of plan they choose. Parents should also consider their unexpected deaths or disabilities when choosing a child plan. If something is to happen to them, they should make sure that their child is secure.

The most common plans available are: the traditional plan and the unit linked commonly known as the ULIP plan. There is only one main difference between these two plans – method of investing the premium. Traditional plans invest in government securities and corporate bonds while ULIP plans invest in equity. Traditional plans give parents lower risks and provide stable bonuses to parents. Parents who are at risk might opt for a ULIP plan but the advantage is that over a long period they would have created a considerably large amount for their child’s future since the investments in equities normally beat inflation on a long term basis.

It is advisable for parents to invest in equities to beat inflation thus being able to adequately be able to fund their child’s education or marriage over a long period. Remember, when parents apply for a child insurance plan, it is not meant to be used immediately but after many years once their child is all grown up.

A child insurance plan has much to offer parents whose aim is to accumulate wealth to ensure a stable future for their child. There are many flexible plans available. With sufficient information, parents can make an informed decision to ensure their child’s financial stability and future.

Puneet - About Author:
The author frequently writes about Life Insurance policy by understanding the financial benefits available in the Indian market. His articles focus on different savings plan and health insurance online empowering readers to make informed choices.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/child-insurance-plans-ensuring-a-stable-future-for-your-child.htm

Related Insurance Articles Subscribe to RSS

Maryland the state of expensive auto insurance
Published by Insuranceindian Aauto on March 5th 2012 | Finance
Maryland is famous for its expensive auto insurance unlike other states; the state is rated as the t...
 
All new drivers should be conversant with laws regarding auto insurance!
Published by Jerry on March 10th 2012 | Insurance
When you are a first time car owner or buyer, there are usually many things that you may need to edu...
 
Efficient ways to get cheap car insurance
Published by Robmichae on March 2nd 2012 | Insurance
It was never this easy to get the car insurance quotes. With your fast internet browsing speed you c...
 
Best and Inexpensive health insurance
Published by Lessardcasey on February 11th 2012 | Insurance
The place to start to search for inexpensive health insurance if you have a low income or if you hav...
 
Its possible to have low cost Alabama auto insurance
Published by Alabamaauto Insurances on January 14th 2012 | Finance
It’s possible to have low cost auto insurance Alabama especially if they search online for such of...
 
Securing your vehicle with Arkansas auto insurance
Published by Auto Insurances on January 14th 2012 | Finance
Who doesn’t want his or her vehicle to be secured from every kind of accident or incident? Of cour...
 
Some ways to find cheap car insurance
Published by Robmichae on March 16th 2012 | Insurance
As you probably know, auto insurance is very mandatory, but costly part of having and driving a car....
 
I am in a debt management plan and have been made redundant – what can I do?
Published by James Falla on November 28th 2011 | Finance
With the possibility of wages being reduced and jobs being lost as a result of the government cuts, ...
 
Vauxhall Corsa Insurance gives you best insurance
Published by Ahmadgill on January 26th 2012 | Insurance
Now a day our company is committed in giving you cheap insurance and cutting rates on Vauxhall Corsa...
 
Importance of getting life and medical insurance while residing in Dubai
Published by Andy Robert on January 22nd 2012 | Insurance
There are many insurance policy companies operating in UAE. The life style of residents of Dubai dem...
 
Affordable medical insurance plan
Published by Lessardcasey on January 13th 2012 | Insurance
In today's world, it's important to be prepared for emergencies. While having a savings account is a...
 
Vauxhall Corsa Insurance gives you best insurance
Published by Ahmadgill on January 26th 2012 | Insurance
Now a day our company is committed in giving you cheap insurance and cutting rates on Vauxhall Corsa...
 
Individual dental insurance plans
Published by Lessardcasey on February 11th 2012 | Insurance
Everyone at some point has been to the dentist throughout his or her life. Most of america can relat...
 
Benefits of getting insurance policy specially when working abroad in search of earning and job
Published by Andy Robert on December 22nd 2011 | Insurance
Although the insurance policy might look expensive at first sight but the in-fact insurance policy i...
 
Classic car insurance requirements
Published by Johnjakson on January 30th 2012 | Insurance
If you have a classic car, most likely it is one of the most valuable possessions. Defending and mai...
 
Business insurance plans for online business
Published by Andrew Edwards on May 10th 2012 | Insurance
While starting new online business consider business insurance as the prime requirement of your comp...
 
Eligibilities for Classic car insurance
Published by Ashish Pandey on February 2nd 2012 | Finance
In order to get classic car insurance, you should ensure that your car is eligible for it or not. He...
 
Taxi Insurance Broker Quote will give you help to get a company insurance
Published by Atif Saleem on December 10th 2011 | Insurance
There are many companies that are serving to the costumers but there is also a way to wasting your t...
 
How income protection insurance program can help you
Published by Benroger on February 28th 2012 | Insurance
You are sick so you cannot go to work at the moment. You and your family can understand this thing b...
 
My cheap car insurance can save you more money
Published by Harrisonford on March 29th 2012 | Insurance
These days, people are looking for ways to save some amount wherever possible....