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Useful articles for your finance management by our team of experts

do i need life insurance for my child

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Question: Sir, I want to take one insurance policy for my daughter (16 months). Please advise me the best policy for her.

           
Answer: There are no insurance policies in the market that cover the life of the child. It is usually the parent whose life is covered and the child is made the nominee/beneficiary. You may consider a pure term life insurance policy for yourself and make your daughter the nominee/beneficiary.

        
Kindly click on our Financial Calculators 

to calculate how much life insurance cover you require.

        
Read

our popular article on ‘

Strategies to build an education corpus for your child

‘.

           

Warm Regards,

Expert @ InvestmentYogi

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