A child brings happiness and joy, he or she also brings many responsibilities for parents. It is not an easy journey but definitely one of the most important one where a small baby relies on you. His/her dream, desire, future security, financial stability all depend on you and the way you invest for your child. The better the plan, the better are the chances of bright future of your kid.
Therefore, there are 1000s of policies available just for you by various companies to make your child's future a bed of roses. However, what literally confuse parents is whether to go for Child Education Policy or Child Coverage Plan
The dilemma which plan to go for often let parents to analyze and compare child plans online. In order to avail the best child policy it's important a detailed research of various plans is necessary. Parents realize that education is the top most priority of parents, understanding that education plays an important role in enhancing one's personality, character and life, thus taking it lightly is not an option. Hence, child education policy is exclusively designed for the kid's education whereas child coverage plan is to ensure that even after the death of guardian, the education continues and other aspect of life too. In order to have a best child future plan its mandatory a detailed dissection of terms and conditions is done. A hesitant decision can prove to be a loss in the longer run.
Difference between Child Education Plan and Child Coverage Plan
1) 
Term Plan– Child education plan is usually a short-term plan where you are asked to pay premium monthly, quarterly or yearly. It is easy to scheme for the future as one design the policy to be matured for specific phase. Like if you want to cover the basic education of your child, then start investing as soon as he/she joins school and similarly to cover the college expense of your child, the investment needs to be started from secondary phase itself.
On other hand child indemnity plan is a long-term investment that can begin even before child is born or with child birth. Here, the maturity date is pre-decided and one needs to pay the premium at fixed interval. The agenda of this plan is to look after every aspect of child's life after the sudden demise of parent.
2)Benefits– When it comes to child education policy then, the benefits are limited as it only focuses on giving financial support to you to provide better education to your child, nothing more, nothing less.
On second hand, the child coverage policy's aim is to look after every aspect of child's life from education to wedding, thus has expansive benefits. Therefore, the money you receive at maturity can be used for anything as long as it is for your child's welfare and development.
3) Area covered– Child education plan is specifically designed just cover your education. The money you receive at maturity can only be used to give your child a good education that is it provides only education benefits. You can take up a plan for each phase of your child. For example- To cover primary, secondary and higher education cost.
On other hand, child indemnity plan covers wider area of your child's life. If by some mishap, death knocks your door then be sure your child will get death benefits so that his/her future remains secured even when you are not there. It provides your child with much needed financial stability so that in future he/she does not feel helpless and can happily continue with his/her studies, career or wedding as he/she may seem right.
Now, that you know the basic difference between child education plan and child coverage plan then it will be easy for you to buy a child plan for your kids. Before buying child plan for your child make sure you read the terms and documents carefully.
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