Quote Originally Posted by yorkmax View Post
The premiums of child insurance plans are lower when compared to life insurance plans for adults. The risk factor for life is lesser for a child whereas very high in people above the age of 50 years, your insurance provider will apply the same logic. Hence by investing in a cheap life insurance you can reap great benefits during the maturity period. The idea behind opting for a child life insurance is about planning his future by taking little steps well in advance.
You are buying insurance coverage for child so why you are comparing it with adult.