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Child Investment – A Perfect Financial Plan to Secure Child’s Future

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Every parent wants the best possible childhood and a secure future for a child. But, sometimes parents fail to give their children a strong financial support to chase their career goals. – PowerPoint PPT presentation

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Title: Child Investment – A Perfect Financial Plan to Secure Child’s Future


1
Child Investment Plans
2
Child Investment A Perfect Financial Plan to
Secure Childs Future
3
Every parent wants the best possible childhood
and a secure future for a child. But, sometimes
parents fail to give their children a strong
financial support to chase their career
goals. As educational costs are rising in recent
years, so buying a child best insurance plan
online is necessary to protect a childs future.
Today, the Indian insurance market is flooded
with various online child insurance plans. In
fact, some plans offer coverage from the day a
child is born. This insurance product helps
parents to create a strong financial corpus to
take care of their childrens needs. Industry
experts suggest buyers to first identify and set
your targets as well as the monetary value
associated to it.
4
Then, make estimation of the money you intend to
invest on your childs education. It gives you an
idea about the premium amount and the policy
tenure. If you buy a plan after doing detailed
study of a product, then you and your child can
easily enjoy numerous child insurance benefits.
Take help of a financial planner to avoid any
kind of confusion. These professionals tell you
about what would be the annual investments needed
to receive the desired amount of sum at
maturity. At the time of finalizing a deal, make
sure that the plan you are purchasing is on the
life of you as a parent and must include a waiver
of premium built-n to ensure continuity of future
premiums, in case of policyholders demise during
the policy period.
5
Parents can also purchase additional coverage
like child insurance education plan for a childs
bright future. Eventually, it will assure the
corpus for your child at maturity under any
situations. Generally, the best Child Investment
Plan should be start from 90 days of the childs
birth. It will increase the investment period and
lower the risk level. A minimum period of around
seven years is considered important for the
policy. Even if it offers lower returns, but it
protects insured against uncertain market
circumstances. Policyholder can also opt for a
unit linked child insurance plan only in case the
risk level is moderate to high.
6
If you are planning to buy this plan, then
contact child insurance brokers in India because
they are more careful while examining the
features of a policy. Parent who wants to
purchase a plan in the childs name, the waiver
of premium rider should be attached. The rider
makes sure that policyholders child doesnt have
to pay premiums on parents demise and child can
freely avail child insurance benefits. Source
http//blog.policyboss.com/child-insurance-plans/c
hild-insurance-perfect-financial-plant-secure-chil
ds-future/
7
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8
Thank You!
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