It is a wise investment to buy insurance for children, but it also depends on the spectrum. There are several major principles for reference: First, it is advisable to plan early to fully enjoy the compound interest value of time; Second, there must be a clear financial goal, that is, at what age children need how much money to support education, when these expenses are obtained, where they come from, and so on; Third, from the perspective of the security planning of the whole family, the parents should be insured first, and then the children should be insured. As the economic pillars of the family, both husband and wife need adequate protection for accidents, medical care, major diseases and life insurance; Finally, choose insurance products with exemption clauses. The exemption clause in children's insurance stipulates that if the insured has an accident or loses the ability to pay for some reason during the contract period, the unpaid premium can be exempted, while the insurance protection for the insured is still effective, which is a unique advantage that bank deposits and stock funds do not have. Zhonghong Insurance's children's education fund insurance seems to have a good reputation.

Further reading: How to buy insurance, which is better, and teach you how to avoid these "pits" of insurance.