Can I buy term insurance for my kid?
Can I buy term insurance for my kid?
Though the waiver of premium benefit is built into the child plan, you can opt for this benefit as an add-on rider in an ordinary Ulip as well. For a 32-year-old taking a 15-year plan with an annual premium of Rs 1.2 lakh, this benefit will cost around Rs 16,000 a year. A child plan offers other benefits as well. Feb 24, 2014
