A new member will be in our house soon! Everyone is excited but also debating on life Insurance for kids. Really it is confusing whether a kid needs a life insurance or not?

Every one requires life insurance kid or an adult. :)

Its better to take life insurances at small age as premium at small age is less and returns are high. Moreover when the kid comes to an age of 18~20 he/she gets the insured value back which may be highly required at that age. :)

Every one requires life insurance kid or an adult. :)

Its better to take life insurances at small age as premium at small age is less and returns are high. Moreover when the kid comes to an age of 18~20 he/she gets the insured value back which may be highly required at that age. :)

Actually parents are to be insured for benefit of child. Unfortunately, insurance is considered more an investment than risk cover. A child need not be insured. Only earning member should ensure himself as a protection for dependents- children and spouse.

Every one requires life insurance kid or an adult. :)

Its better to take life insurances at small age as premium at small age is less and returns are high. Moreover when the kid comes to an age of 18~20 he/she gets the insured value back which may be highly required at that age. :)

Actually parents are to be insured for benefit of child. Unfortunately, insurance is considered more an investment than risk cover. A child need not be insured. Only earning member should ensure himself as a protection for dependents- children and spouse.

Every one requires life insurance kid or an adult. :)

Its better to take life insurances at small age as premium at small age is less and returns are high. Moreover when the kid comes to an age of 18~20 he/she gets the insured value back which may be highly required at that age. :)

Actually parents are to be insured for benefit of child. Unfortunately, insurance is considered more an investment than risk cover. A child need not be insured. Only earning member should ensure himself as a protection for dependents- children and spouse.

I agree with it earning member needs to be insured first so that his/her dependants may get the benefits if any things wrong happens to the earning member in future.

But there is no harm in it to get kids also get insured. :)

A new member will be in our house soon! Everyone is excited but also debating on life Insurance for kids. Really it is confusing whether a kid needs a life insurance or not?

Every one requires life insurance kid or an adult. :)

Its better to take life insurances at small age as premium at small age is less and returns are high. Moreover when the kid comes to an age of 18~20 he/she gets the insured value back which may be highly required at that age. :)

Actually parents are to be insured for benefit of child. Unfortunately, insurance is considered more an investment than risk cover. A child need not be insured. Only earning member should ensure himself as a protection for dependents- children and spouse.

Actually it should not be called insurance but 'assurance' or kind of safety measure for future of a child. This way parents deposit money for their children for their college education/marriage etc. There are certain policies which give good return on maturity after 20 years or so while most needed by parents for the future of their wards.

If the insurance is an investment, why not FD (fixed deposit) instead of life insurance.