Children Education Planning
Parents can give their child a quality education as the best gift. In order to provide the best and quality education for your children, every parents spents a large amount of money. So it is very necessary to invest for child’s education in begin when the child is young. It Provide the parents sufficient time to collect money.
Below are the investment options for a Child’s Education
SIP
Systematic Investment Plans
PPF
Public Provident Fund
Children Insurance Plans
Factors to consider when availing the best Children’s Education Plan:
• Affordable premiums
• Flexible plan which helps to gradually increase savings for the future.
• Opt for the pay or benefit rider
• Adequate Sum required for the Child’s Higher Education Costs
• Rider Benefits like Health Insurance, Accident cover.
• Competitive Pricing and Returns
• Assured amount for Children in case of Parents Death
• Claim settlement ratio of the insurer
• Amount of money to set aside for the child’s education
• Less administrative Costs.
Eligibility Criteria
The entry age to buy a child education plan varies from insurer to insurer.
Entry age is 0-17 years for child and 18-57 years for the proposer
Reasons why we miss out on creating funds for our children
High expenses and low savings – inflation is the precursor to rising costs and such rising costs disable our savings. Even if we manage to create savings, such savings are ultimately used up in any financial contingency when the savings are not earmarked for meeting specific causes. As such, by the time our child requires the funds, we barely have enough corpus to meet their expenses
Lack of knowledge – inflation is the precursor to rising costs and such rising costs disable our savings. Even if we manage to create savings, such savings are ultimately used up in any financial contingency when the savings are not earmarked for meeting specific causes. As such, by the time our child requires the funds, we barely have enough corpus to meet their expenses
Get In Touch
224 Vardhman city’s center, gulabi bagh, new Delhi
H.o.
1546 mg road, near sushant lok-1, gurgaon, haryana
branch address
588, sector 14, sonipat, haryana
Email: ifpa@ifpa.in