Rising Trend in Gifting Child Life Insurance Policies in Rural Municipalities

There is a growing trend in gifting life insurance policies, particularly child life insurance, during festivals and special occasions in certain rural municipalities. A specific example includes a resident gifting a Rs 1 million child life insurance policy on his son's third birthday, highlighting the increasing public trust in life insurance products. Insurance providers report that more parents are choosing to secure their children's futures through timely life insurance purchases, recognizing the plan's optional facilities that cover various risks.