Mika
VIP Contributor
If you earn fairly well, you might be able to support your kid's education until he is in school. Once he is ready to go to college, you might need a lot of money to pay for your kid’s college fees. Let’s say your child wants to go to a medical school or engineering college. Can you actually support your kid’s education if you do not have big savings? Here lies the importance of insuring your child.
Let say, you buy an insurance policy for your kind when he is born. You pay the premium for 10-15 years. By the time the kid is ready to start his college life, you will already have some money to pay for college fees.
What if you become terminally ill or die? In a situation like this, who is going to support your kid’s education? Buying an insurance policy for your kid helps in the situations like these.
Let say, you buy an insurance policy for your kind when he is born. You pay the premium for 10-15 years. By the time the kid is ready to start his college life, you will already have some money to pay for college fees.
What if you become terminally ill or die? In a situation like this, who is going to support your kid’s education? Buying an insurance policy for your kid helps in the situations like these.