Save For Your Child’s Future This Year

1. Save For Your Child’s Future This Year

2. The day your child is born, he or she is your responsibility. • You will be nurturing, caring and raising them to be a well-rounded human being. • Also, one of your major responsibilities would be to secure your child’s future and child plans are a good way to start. • Besides protecting your child’s future, it enables you to save for your child’s future by providing benefit of investment. • So if you haven’t done it yet, you can do so this year. The following post explains how child insurance plans be good for your child.

3. In today’s times, the escalating cost of education is a matter of concern. • If you want to put your child to a good school, it doesn’t come cheap. In future, when your child goes for higher education it will cost a huge sum of money. • You will need to have enough funds to pay for college fees, accommodation and other expenses. • A child education plan will meet your child’s educational needs. By the time your child is ready to go to college, the maturity amount will be adequate to pay for the inflated college fees. Educational expenses

4. Besides taking care of their education, a child insurance plan is a great idea to involve them in personal financial planning and saving from an early age. • When you buy insurance plans, you should calculate your fund requirements in various stages of life such as primary and secondary education, higher education, marriage, illness and mortgage loans if you have any. • Initially paying premiums would seem like a burden but gradually it will grow into a habit as you plan for your child’s future. Early financial planning

5. You never know when your child may fall prey to any serious illness. • If you buy child insurance plans at a very early age, the money from the insurance plan will come handy in addition to the health insurance. Coverage of illness

6. No one knows when and where death awaits them. • In the event of your untimely demise, the premium for child investment plans is waived by the insurer. • Then your child as a beneficiary will receive a lump sum amount and is no longer required to pay the insurance premiums. Early Dismisal

7. There are insurance providers offering lucrative child plans in India, however, you need to be judicious while you do financial planning for your child. • If you haven’t yet started saving for your child’s future yet, it will cost you large sums of money and there will be not much time left when you realize. Conclusion

8. Thank You