What are educational insurance policies and their benefits in India?

Educational insurance policies in India provide financial support for a child’s education. Some benefits include:

  • Assurance of funding for a child’s education in case of an unfortunate event.
  • Flexibility to choose between different plans based on the child’s educational needs.
  • Waiver of premium option, ensuring policy continuity even in the policyholder’s absence.
  • Options for periodic payouts or lump-sum amounts for education-related expenses.