One of the best ways of protecting your children as they grow up is buying insurance for them. You can protect their valuable life and this will help you save and amass money for their bright future as well. Insurance is a must in fact it can be said that it is a necessary evil. Bad news always comes unannounced you should be ready to combat all kinds of situations so buying an insurance for your child is a must. There are many insurance giants in India that offer insurance policies pertaining to children. Some of them include ICICI Prudential, Aviva Life Insurance, Bajaj Alliance and so on.