Buy Online Child Insurance to Make Your Child’s Future Bright

Each parent works hard to give bright future to his or her child. Today, fulfilling their daily needs is not enough. Parents try and make each wish of their children come true. It is imperative for young parents to start thinking about their children’s future today.

Online child insurance offers nothing but the best for children, be it education or marriage. If you really want to make all these things happen when the actual time comes, then all you have to do is to plan now.

If you start planning early for your child’s future, then you have more time for investments in hand. Due to longer investment period, a financial corpus gets a chance to grow more.

Parents should list the goal which needs to achieved, then buy a suitable investment plan online to attain those goals. Higher education and marriage are two most expensive money drainers which parents have to best child plan well in advance.

Generally, around 45 percent parents invest their hard earned money in public provident fund and fixed deposits. The interest on PPF account balance is annually compounded and then credited to the customer’s account at the year end. Hence, it offers good returns in the long terms and a great tool for long term investment.

Interests on such accounts are linked to government bond yields. Buying online child insurance is a great way to plan child’s education and marriage because this long term investment tool is best utilized in a 15-20 years.

Online insurance calculator will help buyers to calculate the financial corpus required to fund child’s education and marriage when they cross the appropriate age.

Young parents are more worried about child’s education and hence, insurance companies in India offer trusted financial products which fund children’s education and marriage after a certain period of time.

[source: https://childplan.wordpress.com/2015/07/29/buy-online-child-insurance-to-make-your-childs-future-bright/]          

Why Child Insurance is Necessary?

Children are the main reason behind parent’s existence. Parents always want to give the best possible foundation to their children and work hard to offer for child care, education and imparting the correct values to make sure that children become responsible as well as productive eventually.

To fulfill this parent’s dream, child requires appreciation of the expenses involved and an effective financial plan which is started as early as possible. Education is the most crucial expenses which parents need to plan for.

We all know that the education cost is growing more than the rate of inflation for the past 7 years. Hence, parents need to be careful while handling these expenses. Considering the long-term goals of their children, ensure that you invest in the right financial tool.

Generally, it is observed that parents delay financial planning to a later stage and prefer to invest for short-term periods. There are various instances where parents sacrifice other vital investment goals like retirement planning because of weak long-term planning. Therefore, industry experts suggest parents to start early and follow a disciplined approach to saving for the long term.

Buying online child insurance is the best decision to fulfill the long-term requirements of a parent and has an edge over other financial products, owing to a wide range of benefits it gives. Child plans allow parents to start investing early especially after being blessed with a child. It motivates disciplined long-term savings.

It is true that parents often fail to work for the consequences of demise of the provider. The major benefit of child insurance online is that it generates a continuous cycle of fund creation in case of sudden demise of the parent.

On policyholder’s death, the insurer continues investing money on behalf of the insured person because of the waiver of premium benefit. This feature helps to protect the child’s future and also help a child in meeting the parent’s dreams.

Child insurance India is affordable and based on individual risk appetites. Customers can select between unit linked and traditional insurance plans. A unit linked child insurance policy allows  investment in both equity and debt markets.

Traditional child insurance offers guaranteed maturity benefits and invest funds mainly in self-instruments and risk-free government securities. Those who have low-risk appetite and not literate financially can opt for traditional policies. Customers who are ready to take the risk related with these equity markets can buy unit linked plans.

[Sourcce: http://blog.policyboss.com/insurance/child-insurance-plans/]

Management Punditz: Child Plan: Is that REALLY worth for your kids?

Child Plan

Why Investing in a Child Insurance Plan is Necessary?

When you hold your baby for the very first time, you will realize that this little bundle of joy is your biggest responsibility. Hence, as a parent, your primary duty is to secure a child’s future and the best way to do this is to invest in the best child insurance plan online. This policy offers financial security for your child and also provides the benefits of investments. Below are five excuses why people should buy child plans online:

·         Takes Care of Child’s Education

All parents are more concern about future of their children and getting your child’s admission in a good school is really expensive. If parents plan well and invest in the best online child insurance policy India which matures during important turning points of a child’s life, then policyholder’s financial burden will be completely relieved.

·         Habit of Saving

Today, childcare plans are available with dual benefits of investment and insurance. Before selecting a policy, check your financial strategy and calculate fund requirement during the different stages of life. Consider how much you are saving for primary and secondary education, higher studies, marriage, mortgage etc. Initially, it may seem as a financial burden, but paying periodical premiums will turn a habit soon.

·         Coverage against Serious Illness

Buying online child insurance policies become more important for those who have a family history of some serious illness. The money invested in a child plan will come in handy as it offers protection against serious illness.

·         Collateral for Loans

Generally, childcare plans are widely accepted by all banks as collaterals in case insured want to apply for a personal or education loan for his or her children. It will be more helpful when your child needs lump sum money for higher studies.

·         In case of Parent’s Demise

In case of parent’s untimely demise, the insurance company in India gives a waiver on the premium on online child insurance plans and the nominee gets lump sum money and is no longer needed to pay the remaining payments.

[Source: http://blog.policyboss.com/child-insurance-plans/investing-child-insurance-plan-necessary/]