Provides insurance cover for the child only

Beneficial only if the child gets enrolled for higher studies

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The policy lapses if the policyholder dies

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It may not be able to meet the cost of education in future due to inflation

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Death benefit is provided in lumpsum only

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Claims to policies are often rejected

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One can avail the benefits only after the expiry of the scheme

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Useful only to cover the cost of education

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Child schemes lack liquidity

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