1 / 10

Savings & Investment Planning for Children’s Higher Education

Parents can invest in Sukanya Samriddhi - a government initiative to promote and improve education for a girl child which is again a part of 80C family of deductions. The return of this investment has a 9.1% rate of interest giving ample opportunity for education to the saving for Child.

jyoti099
Download Presentation

Savings & Investment Planning for Children’s Higher Education

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Saving For Child

  2. Savings & Investment Planning for Children’s Higher Education

  3. Becoming parents is a turning point in our lives. As their guardians, it is our duty to plan for their future and invest wisely so that they receive the best possible facilities that in turn will materialize as better opportunities in a competitive world. Such a goal requires early and intricate planning, dedicated devotion to the goal and taking calculated risks sometimes to generate good returns.

  4. Insure Yourself Yes, insure yourself! Savings will only last for some period and may get exhausted during unavoidable circumstances, but an insurance policy of a parent is the second roof for his dependents. Such a scheme would help your child with his educational needs that would otherwise be hard to cover in the absence of insurance. Some child plans also offer a fixed amount once the child attains the age for higher education which takes care of his higher education costs.

  5. Invest in long-term saving schemes Investing in long term fixed deposits, SIP mutual funds, Unit Linked Insurance Plans (ULIP), NSC etc when your child is a toddler helps to make sustainable amounts for your child long term future plans.

  6. Devise a strategy Plan for a projected amount that your child would require at various stages of his school and college life; chart an investment strategy and review it with the changing market conditions. Try to reduce risk by taking away investments from high-risk products to a safer option when your long term investment plans are at the brink of maturity. This would prevent the incidence of loss in case some risky investments are prone to loss in a volatile market.

  7. Common Sense Making your children aware about the expenses and limiting unnecessary frivolities would help them inculcate saving habits from a young age. Effectively teaching them the difference between a want and a need would make them responsible towards their future and self-reliant. Tax Savings Taxpayers can also save taxes under section 80C and 80E against their investments and children’s education expenses.

  8. Parents can invest in SukanyaSamriddhi - a government initiative to promote and improve education for a girl child which is again a part of 80C family of deductions. The return of this investment has a 9.1% rate of interest giving ample opportunity for education to the saving for Child. Source: (http://bit.ly/1OYJBSH)

  9. Follow us on https://www.facebook.com/bajajallianzlifeinsuranceltd https://www.linkedin.com/company/bajaj-allianz-life-insurance-co-ltd- http://plus.google.com/+bajajallianz/posts https://twitter.com/bajajallianzLIC https://www.youtube.com/user/jiyobefikar https://instagram.com/bajajallianzlifeinsurance

  10. Click to know more on : https://www.bajajallianz.com/Corp/child-insurance-plans/child-insurance-plans.jsp Thank You

More Related