Promise A Secure Future to Your Child

Generations pass on culture, traditions, inheritance to the generation which comes after them. This purely is the real nature of human existence. Humans tend to create their unique identity which makes them quite different and identical at the same time. Children are considered to be the backbone of any civilization as they carry forward the name, traditions and history of the human race forward. In modern times the most important priority for every parent is to provide the best education to their children. This can be a real challenge for most of the parents as the current inflation in the education sector is constantly on the rise and with every passing day, the inflation graph is going up. In order you are wondering, how to keep a check on the same? How to provide best education to your children?

Here is your answer. Invest in Child insurance plans. A Child insurance policy provides promised benefits towards your children education. Child insurance plans not only make sure that your child gets financial assistance in order to pursue higher education but also provides benefits at various stages of his/her life such as marriage and so on. Insurance is just like any other investment with far more coverage and benefits than any other institution of financial savings.

Insured party promises to pay a fixed sum of money towards the insurer at fixed intervals of time. These payments are known as premiums. Premiums are convenient installments which an insured party pays in order to avail benefits of the policy on maturity of the policy. The advantage of Child Plans is also that incase of any fatality occurring to the insured, the beneficiary would be provided with the benefits. This means your child would be secured for a better and prosperous future. Child insurance is also provided with rebate under the income tax law of the country.

In order to avail child insurance, all you need to do is find out which insurance provider to opt for and compare insurance policies using online insurance comparing websites. These websites provide you with a detailed analysis of various insurance plans as per your preference and need. Insurance providers across the country and helps you to take your decision in a better and profitable way. Forget about the paper heaped insurance buying process, in less than 10 minutes get insured. Make sure you invest well after all it’s your child s future you investing in.

Source: http://childplan.tumblr.com/post/144595633423/promise-a-secure-future-to-your-child

Saving For Child

Ensure Education of Your Children

Children are considered as budding assets of the nation. Hoping that they grow up to become future professionals is the optimistic hope of people who are associated with them. Research shows that almost 57 million children are still out of school in Africa alone. The challenge of literacy is huge and many NGO”s , organizations are working towards curbing the illiteracy and giving a hope for the future of children. No doubt the data is highly alarming and sends shockwaves through the administrative sections of different countries around the world.

Research also shows that most of the children are forced to withdraw from school and start earning due to financial crunches. This does not necessarily mean that such children came from a poor background, but due to unfortunate events they were forced to do so. Some of them lost their parents and loved ones, while others lost everything due to natural calamities, whereas many didn’t have a source of income. This can happen to any child of the world and nothing can be more disheartening than to see a child struggling for his and his family`s life.

We as individuals most of the times concentrate on our present and give little of time to our future. Have we ever thought, how can our children sustain life if something happens to us? In this growing inflation, how will they be able to complete their education to the best of their desire? Don’t we want that no matter whatever happens they should not compromise on their living standards?

Questions are many but the answer is one, “Future Investments”. Child insurance plans assures that your child, whom we have nurtured with slewed heart is financially independent and do not have to compromise on their way of living. Education inflation would be taken care by the insurer and also convenient financial assistance would be provided to your child at various stages of life.

Insurance makes life easier in future but when it comes to children, one needs assurance. Child plans make sure that assurance is assured by the the leading insurers. Keep your trust on the investments and make sure you have the insights of the plans you are opting for.

Source: http://childplan.tumblr.com/post/144239779168/ensure-education-of-your-children

One Good Habit That Can Change Your Child’s Future!

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

How To Plan For Your Child’s Future With Mutual Funds?

With cost of higher education shooting up, fixed income return options are unlikely to help you save for your child’s future. You need to aim for equity returns.

People usually save either for retirement or with a specific goal in mind. One of the goals is children’s future like education or marriage, while other goals could be to buy a house, car amongst others. This article focuses on the children’s future as a goal.

There are 3 key variables that you broadly need to keep in mind when planning for children:

The amount you may need for the child’s education (and marriage)

Years left to the event

Return expectation to build in

As you can see, there is a vast difference in the monthly amount you need to save, with difference combination of years left, and returns you will earn.

So our first advice to you is to start early. If you start investing for a child when you marry, you may have as many as 20 years ahead of you. But if you start when the child is say 5 or 8 years old, then you could be left with barely 10-12 years. The more the years you have, the less you need to set aside on a monthly basis.

The other critical part is the return your savings are generating. It is common to find parents investing in fixed deposits or Public Provident fund(PPF) to sponsor their children’s education or marriage. While as an investment option it is safer, it also generates paltry returns of 8-9% per annum. While interest on PPF is tax-free, that on fixed deposit is taxable, which pulls down the post-tax returns even further. Given the rate at which cost of higher education is shooting up in the country, debt definitely seems an investment option not worth considering.

As against this, if you try to aim for equity investments, your returns could be between 12-14% per annum, which is the bare minimum returns equity markets show over long periods.

As your approach the last 2-3 years of the child’s educational needs, you can choose to shift the portfolio towards debt, to eliminate any volatility risk – though this would not be a major consideration as the requirement for funds would be spread over a 3-4 year period.

Many parents prefer to open an investing account in the name of the child, in order to isolate the account, accommodate for gifts in the name of the child, and for tax reasons. If you plan to save in the name of the Child Plans. The best investment is in an investment in education".

Source: http://bestsavingsplan.tumblr.com/post/143835066329/how-to-plan-for-your-childs-future-with-mutual

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