There is a famous line from William Wordsworth’s poem: Child
is the father of man!
In simple words it means that whatever you are and whatever
you think as a child, that’s the kind of person you are going to be after
growing up! The habits you have as a child will form the man in you in the
future!
When you become a parent, you want to imbibe the very same
good qualities and impart the same teachings and ethics that you have to your
child for his/her better future. To ensure that your child grows to be a good
human being and lives a happy and secure life, you need to follow certain habits
and let those also get passed on to your children as well so that they can
carry on the tradition! One of the most important things you can do for your
child is to invest in a child insurance plan. You may say that you’re young and
are going to be around to take care of him, but then why not have your child
more resources, if he can!
Let’s help
you understand how a child insurance plan can really be a boon for your child’s
glorious future:
1) Education
You have beautiful dreams for your child’s education and even
your child might want to go for the moon! But would you be able to afford the
moon when he grows up? Would education be economical enough to fit inside your
pocket? Well, look around, the cost of good education in today’s times is going
through the roof, think 15-20 years down the line and you’ll realize that you
might need additional help. Investing in child insurance will ensure that by
the time the policy matures, the investment you made over the years will
eventually help your child in getting a higher education of his choice.
2) Savings
Paying premiums on insurance might seem a bit heavy on your
budget, but consider your financial goals over the years. Right from your
child’s primary education to higher education, his marriage and other important
milestones in his life would require funds. This habit of saving money and
investing in insurance will not only assure guaranteed returns, it will also
mean that you’re safeguarding his future with regular savings. As it is said,
rupee saved is rupee earned!
3) Health
Emergencies
Gone are the days when people used to suffer from genetic
diseases. With changing lifestyles and the world getting affected from newer
and crazier diseases every other day, it becomes absolutely necessary to have
an insurance cover to meet any health emergency. It is best to start investing
in such a plan from childhood when your child is hale and hearty so that in
future, if unfortunately the child happens to suffer from some disease, he will
have adequate funds to get proper medical treatment. Health is still the best
wealth that one can boast of and to save money for better maintenance and
treatment of health related issues is the wisest of decisions!
4) Loans
You might save enough money for their education, but there
are good chances that you still might be short of some amount. For those
unforeseen circumstances, a Child Plans
will come most handy as it is widely accepted by all the financial institutions
as collateral for loans for higher studies. This way your regular small savings
over the years will result in getting your child his dream education!
5) Death
Life expectancy is rising in our country thanks to better
health care facilities, but there is still no guarantee of a long-life! Life is
still fragile and in the unfortunate scenario of your death, your child’s life
should not turn topsy-turvy, at least financially! The child’s education, day
to day expenses and future should be insulated against such emergencies! Having
an insurance policy is a safety net your child requires the most in your
absence!
Source: http://childplan.tumblr.com/post/144086899343/one-good-habit-that-can-change-your-childs
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