Jeevan saral is a good policy for corporate people who can save their money for tax and for their future. This has a minimum premium of rs 250. But the time period is long. If you invest for longer period your returns will be more and benefits are also more. Its a nice policy when compared with other policy in lic. You can invest for a period of 5 yrs and to 35 years. No, dont wait for longer period invest as early as possible. It has more tax benefits it can be deduct under 80c.
It has accidental benefit. So now itself invest your money in some good policy like this and save your child future and yours.