Child Insurance
Child insurance refers to insurance policies specifically designed to provide financial protection for a child’s future, including their education, healthcare, and other expenses. It typically involves a parent or guardian purchasing an insurance policy on behalf of a child, with the child as the beneficiary. Child insurance policies generally come in two types: life insurance and health insurance. Child Life Insurance: This type of policy provides a death benefit to the child’s beneficiary (often the parent or guardian) in the event of the child’s untimely death. The policy may also accumulate cash value over time, which can be used for various purposes such as college expenses or starting a business when the child grows up. Child Health Insurance: This type of policy provides coverage for medical expenses related to the child’s health, including hospitalization, surgeries, medications, and other healthcare services. It can help cover the costs of medical treatments for illnesses or