The first choice of insurance providers is child education plan - Insurance sector in india

The first choice of insurance providers is child education plan.

The cost of children's education has become the biggest worry for parents. One study has shown that when taking the insurance plan, the first priority of the people is to make education plan related to children's education. There are more than two-thirds of education plans in the insurance plan sold in the insurance market.

According to a study by insurance company Aviva Life Insurance, 72 percent of the people in insurance plan selling insurance have priority over child education plans. While the insurance plans associated with death protection are 52 percent. According to a study of Aviva Life Insurance, retirement in people's priority is in both these areas. About 45 percent of the people have such a plan.

The plans related to children's education are also discussed because the cost of studies is constantly increasing. A study of ascham shows that about 50 percent of any normal family is spent on children's education. Since this expenditure is increasing rapidly, parents now have a tendency to take education plans from the child's age.Insurance Sector in India – Life, Health and General Insurance Plans.

Anjali Malhotra, customer, marketing and digital head of Aviva India, says that when taking a plan in front of parents, the biggest problem comes when deciding the future career of a child. The estimate of the expenditure is also put on the same point that they want to plan for the engineer's studies or in other areas.What is Insurance and Types of Insurance | Insurance sector in India?

 Anjali says that considering the difficulties of the parents, Aviva started the kid-o-scope platform. Its specialty is that you can identify the fundamental talent of a child of three to five years of age. After this, it helps in making an economic plan for the child's education and the parents can take the insurance plan accordingly.

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