Question

Which are the types of child plans offered by the insurers in the market?

a.

Child endowment plans

b.

Child money back plans

c.

Child ULIPs

d.

All of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).All of the above Explanation:Insurers offer different types of child plans in the market, including child endowment plans, child money back plans, and child ULIPs. Child endowment plans are traditional life insurance plans that provide guaranteed payouts to the child at specific intervals, while child money back plans provide periodic payouts to the child during the policy term. Child ULIPs are unit-linked insurance plans that offer market-linked returns and investment flexibility. These plans are designed to help parents save and invest for their child's future financial needs.

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