Importance of a child insurance plan for Indian parents - PowerPoint PPT Presentation

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Importance of a child insurance plan for Indian parents

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Another thing that seems a little confusing in arriving at is the exact amount that should be contributed every month as premium towards your child plans. – PowerPoint PPT presentation

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Title: Importance of a child insurance plan for Indian parents


1
Child plans
2
Importance of a child insurance plan for Indian
parents
3
  • Becoming a parent is always a special moment but
    with it comes the responsibility of bringing him
    up to be a successful man and ensuring that
    his/her future is secured.
  • For Indian parents, the biggest commitment is
    perhaps being able to provide the child with the
    best education. However, education today is not
    spared from the rising costs and inflation.
  • It is even believed sometimes that the first
    impact of inflation falls upon education of a
    child. Therefore, parents need to start planning
    as early as possible such that no sacrifice needs
    to be made when it concerns the childs
    intellectual future.

4
  • Life insurance policies for children are more
    affordable than any other life insurance policy
  • Investment in children insurance plan is similar
    to an ULIP investment. The only difference is
    that the investors are the parents while the
    final beneficiary is the child when he/she grows
    up

5
  • Every Indian insurance company today has a child
    life insurance plan. However, differences in the
    conditions still exist between plans and it is
    necessary to do your part of research for seeking
    out the best investment.

6
  • Another thing that seems a little confusing in
    arriving at is the exact amount that should be
    contributed every month as premium towards your
    child plans. 
  • In this case a backward estimate is necessary but
    this calculation is better done by a professional
    as it involves several other factors like future
    market conditions, educational expenses,
    emergencies, etc. realizing later in life that
    the premium was less when  you could have
    contributed more wouldnt solve the case.
  • So, planning ahead in advance is the only option.
  • Source (http//bit.ly/1RawT85)

7
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