Of course. If you pass away, you won’t be around to fund your child’s education abroad and your term insurance payout can be used by your nominees to help them pay it.You can make your spouse, parents or siblings your nominee so that they can use your life cover to fund your child’s education.You can also directly make your child your nominee, but not if the child is a minor.In that case, they need to be accompanied by an appointee who must be above 18 years and can be a family member, friend or anyone you trust. If you pass away your appointee will receive the life cover on your child’s behalf. They can use it for your child’s benefit such as an education abroad. Or they can pass it on to them when they turn 18.Long story short, if you are planning to have children, it’s imperative you buy a term insurance plan to secure their future.