Child Education Plan

Some of the best child education plans in India are essentially ULIP plans that offer the dual benefit of life insurance and investments. Your investments, therefore, not only get a chance to grow under the plan but they are also protected from all eventualities in life.

Further, you have the option to strengthen your plan coverage through various riders. These add-ons cover your investments against accidental death and accidental total and permanent disability and help ensure that your child continues to receive the benefits from the plan, even if you haven’t made all the necessary premium payments.

Popular child education plans from reputable insurers or by using mutual fund allows you to invest small amounts of money regularly. With time, these regular investments are compounded into a handsome amount, which in turn, would help reduce the financial liabilities of your family.

Further, you can be sure to take care of the timely payments of your child’s college fees with the returns from the plan.

As young professionals and now parents, you would already know how expensive it is to sustain a family and educate yourself.

In the future, education will be even more costly. As your kid would go from school to college, you will have to deal with the ever-increasing tuition fees while continuing to provide for your family and additional cost burden of accommodation, transportation and day to day expenses if your child pursues studies abroad.

In India, it is quite common for parents to arrange funds through education loans and fulfil their child’s dreams of studying abroad. As a young parent yourself, you could be paying your education loans right now. Therefore, you would know the drawbacks of having an additional financial liability such as a loan.

With a child education in your investment portfolio, however, you can put your savings to work today. And by the time your child is old enough to go off to college, you would have a large amount ready to take care of their expenses.

In India, it is quite common for parents to arrange funds through education loans and fulfil their child’s dreams of studying abroad. As a young parent yourself, you could be paying your education loans right now. Therefore, you would know the drawbacks of having an additional financial liability such as a loan.

With a child education in your investment portfolio, however, you can put your savings to work today. And by the time your child is old enough to go off to college, you would have a large amount ready to take care of their expenses.

In India, it is quite common for parents to arrange funds through education loans and fulfil their child’s dreams of studying abroad. As a young parent yourself, you could be paying your education loans right now. Therefore, you would know the drawbacks of having an additional financial liability such as a loan.

With a child education in your investment portfolio, however, you can put your savings to work today. And by the time your child is old enough to go off to college, you would have a large amount ready to take care of their expenses.