Having a children's insurance rider on your existing Child Insurance Plans saves you a lot of money vs buying an entirely separate policy just for them. The insurance company does treat it as a separate policy
The premiums and the coverage amount of the online term insurance are not the same across all the companies. It may differ based on your health conditions, income source and the documents you submit while buying the policy.
Life Insurance Plans- This type of insurance plan is more or less like the term insurance plan. The only difference is that of the tenure. Due to the prolonged tenure, the premiums remain stable throughout the duration of the policy.
It may seem that mutual funds invite relatively less investment charges, but it’s important to note that these charges are annual, whereas with ULIPs, most of the charges are one-time charges and the costs of these charges are spread over the entire tenure of the ULIP plan.