Invest In Child Insurance!

When you become a parent, your entire perspective of the future changes. Now, it’s not only your life but you become responsible for another life too.Of course, every parent want to provide the best amenities to their children but allocating your money and investing it in the right place is not that easy.To have that bright and secure future for your child, it is important to think ahead at an initial stage. But planning for the future of your child is not a child’s play.

Invest in child insurance.Source

So, what all are the options and how you can go ahead?

You might get baffled once you go out to take any policy or insurance for your child because there are so many options available.

Providing the desired education to your child is of the utmost concern for every parent but the high cost is a major factor now a days. And keeping every factor in your mind you have to invest smartly.

Here is the solution to your every problem.

You can invest in a child insurance plan! You must be thinking why to have child insurance.

Secure future of your child.eSource

Shouldn’t you opt for term plan where you can give a lump sum amount to a nominee by paying a low cost?

Obviously you can opt for it but before you go further, check out some amazing benefits of having child insurance.

“In term policy, giving a lump sum will end the policy right there but if you invest in child insurance the insurer will keep on investing this money on the behalf of the policy holder waiving off all the future premiums. This will ensure that your child will get money at specified intervals of time as per your plan. Just imagine isn’t this a deal of benefit”, Says Rakesh Rawat, Child Insurance agent.

You may find simple term plans less expensive but if you really think about it aren’t you missing out.

Moreover, the premium paid in a child plan is eligible for tax deduction under section 80 and income from child insurance is tax free under section 10d.

We all do investments because we want to secure our and our dear ones’ future in all aspects right? And when it comes to investing for our child we try to find the best policies that are beneficial for them even after you.

provide them a bright future.Source

Child insurance does the same for your child. What if a parent dies after 5 years of taking policy? Said Reshu Goswami.

In that case, the child plan will pay a lump sum as the term policy but continue investing on the behalf of the policy holder. Death of a parent doesn’t hinder investment for his/ her child, says Rakesh Rawat.

It offers other benefits too such as customized payouts as it accommodates for his/her varying expenses.

So, next time whenever you want to invest in your child’s future, do a thorough analysis of the policy and then go ahead. I am sure nothing is more expensive for you than your child’s future.