6 Best Child Investment Plans in India

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6 Best Child Investment Plans in India
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• There are several parents in India, who might be
  thinking to have a best child investment plan. I
  got a mail from Ms. Neelima requesting to help
  with the best child investment plan. She is
  worried about her 6 months child on how she can
  create a good plan for his education. It is
  common that we all worried about child education
  or money required to do a marriage for our
  children (it is immaterial now whether you have a
  daughter or son, the cost of marriage is more or
  less same).

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Are Children Investment Plans necessary?

• In this modern world, both husband and wife are
  working. You start your day in the morning, go to
  the office, get into calls, meetings, struggle to
  meet deadlines, targets, unnecessary pressure
  from peers, etc. You would end up your long day
  by supporting on-site teams. If you are
  businessmen, you would spend every minute without
  having time to breath and end up coming back to
  home at 11 pm in the night. There is no time for
  us to think about saving, planning nor about our
  health. In such situation, it is better to have a
  plan for your child's future. You should
  ascertain how much money you may need for your
  child education or marriage based on current cost
  and consider inflation of 5 to 7.

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(No Transcript)
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How parents are doing children investment plans
now?

• While some parents are planning well for their
  children, some of the parents are blindly taking
  Unit Link Insurance Plans (ULIPs). While
  insurance agents have been cheating investors by
  selling ULIP plans which charge high allocation
  and admin charges, due to lack of awareness,
  parents still believe this as a good investment
  plan for their children.

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6 Best Children Investment Plans in India

• When I said term insurance plan, I am not saying
  you should take term insurance plan in your
  child's name. This is an additional term
  insurance plan you should take in your name for
  protecting your child's future. E.g. if you think
  that it would cost Rs 20 Lakhs for your child
  investment plans in future or for your child
  marriage in future, you can consider taking Rs 20
  Lakhs additional term insurance. For 30 years of
  age, this would cost you Rs 5,000 per annum.
  Consider taking it for 20 year period after your
  child has born so that you can protect your child
  till his education.

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Sourcehttps//myinvestmentideas.com/2014/06/6-bes
t-child-investment-plans-in-india/