The most important concern for all the parents is to provide best education for their children. Considering this, people fail to realize the increasing rate of educational expenses that they will have to incur. Having insurance for your child can dwarf your savings; no matter how huge are the expenses you are paying.

To match up to the educational expenses of your child, it is better to make an insurance at the earliest, as it will also protect your child financially in case of your untimely death.

8. Ulips- Unit Linked Insurance Plans

Unit Linked Insurance Plans or commonly known as Ulips are insurance policy that provide the policy holder with double advantage of protection and flexibility in investment. In this the cash value of the policy differs according to the current net asset value of the original investment assets.

The premium paid by the policy holder is utilized to purchase units in investment assets also selected by the policy holder themselves.

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