Get coverage built to protect your child life.
Policy Adda is more than quality coverage for your life. With access to innovative tools, money-saving discounts and a local agent, it’s easy to make sure you’re covering all your bases.
About Child Insurance Plans
Child life insurance is a form of permanent life insurance that insures the life of a minor. It is usually purchased to protect a family against the sudden and unexpected costs of a child’s funeral or burial and to secure inexpensive and guaranteed insurance for the lifetime of the child.It offers guaranteed growth of cash value, which some carriers allow to be withdrawn (collapsing the policy) when the child is in their early twenties.Child life insurance policies typically offer the owner the option to purchase, or in some cases obtain additional guaranteed insurance when the child reaches maturity.
Child life insurance policies typically:
- Are issued with face values between 5,000 and 50,000.
- Are always issued without a required medical examination.
- Have zero investment and zero interest rate risk associated with cash value growth.
- Provide insurance coverage for a designated beneficiary.
Coverage &
Policies
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What risks does your policy cover?
It depends where you live, but standard
policies will typically help pay to repair damage caused by
certain risks, or perils, including:
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Get a insurance quote – typically in 2 minutes or less. Switch to Policy Adda for an insurance policy from a brand you can trust.
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