Demystifying child insurance plans

http://in.reuters.com/article/idINIndia-54272820110120

This article, posted in Reuters, explain why child insurance policies are not good for the child or the parent, but is good mainly for the distributor (i.e. the agent who earns a big commission).

A better way to save for the child's future is explained in my book, Practical Guide on Financial Planning. The parent should save in a low cost investment fund, i.e. an indexed fund or exchange traded fund.