What insurance should we get for our babies? What are the key points we need to look for when comes to buying insurance?

Before buying insurance for your child you must consider what your reasons are, and based on that the type of insurance can be chosen. 1. Health insurance: some insurance companies allow children to be added into either parent's insurance policy till they attain a certain age. If your insurer does not do that, then make sure that you get a health insurance that covers your child's needs. A lot of kids need dentists and eye doctors on a regular basis -- see if you want that included in your insurance policy. 2. Education/Endowment plant -- this is with an eye towards the future. This kind of plan allows you to put money away till your child attains a certain age -- this allows you to have a large sum of money available to pay for university fee or other needs. 3. Life insurance for yourself -- if something were to happen to you, this would allow your family to have a lump sum to take care of their needs. Also look at coverage and premium terms to make sure that your financial needs -- future and present have have assessed correctly. I would recommend that you speak to a financial planner, or at least a broker before deciding on what insurance to buy. Get them to do a needs analysis for you before.