IT will be Children’s Day soon, and it’s a good time to take stock of your financial planning for your children. Having safety nets—insurance products—will keep your family on the path to attainment of its goals whether or not you are around.
Life term insurance
This is a must-have product for anyone with children. A family can suffer financially if its bread-winner were to pass away early. Unlike an endowment plan or a ULIP, term insurance can help your dependents receive a benefit big enough for their long-term requirements.
